REG - Metals One PLC - Increased Stake in Evolution Energy Minerals

Metals OneAnnouncement

12/09/2025 07:00

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RNS Number : 0489Z  Metals One PLC  12 September 2025

12 September 2025

 

Metals One Plc

("Metals One" or the "Company")

 

Increased Stake in Evolution Energy Minerals

 

Metals One gets full allocation in oversubscribed Rights Issue lifting
shareholding in Tanzania graphite project developer to 16.9%

 

Further to the announcement on 5 September 2025, Metals One (AIM: MET1), a
critical and precious metals exploration and development company, is pleased
to announce it has received its full allocation of 52,985,000 shares in the
Evolution Energy Minerals Ltd (ASX: EV1) ("Evolution") Rights Issue at A$0.01
for an investment of A$529,850.

 

Evolution's Rights Issue closed significantly oversubscribed and raised A$1.45
million (before costs). To accommodate a portion of the excess demand,
Evolution agreed to undertake a placement to raise an additional A$300,000 on
the same terms as the Rights Issue.

 

Upon admission of Evolution's new securities to the Australian Securities
Exchange, expected to occur on 12 September 2025, Metals One will hold a total
of 90,885,000 shares in Evolution, representing 16.9% of Evolution's total
issued share capital.

 

Pursuant to the Rights Issue, Metals One has also been granted share options
over 26,492,500 shares in Evolution, exercisable at A$0.02 per share, with an
expiry date of 12 September 2028.

 

Evolution's primary project is the large, development-ready, high grade
mineral resource potential Chilalo Graphite Project in Tanzania, supported by
binding offtake agreements covering more than 90% of production.

 

Jonathan Owen, CEO of Metals One, commented:

 

"Chilalo represents one of the few advanced graphite projects positioned to
supply ex-China markets, underpinned by strong ESG credentials, government
support in Tanzania, and significant exploration upside. Through Metals One's
shareholding in Evolution, our shareholders have gained access to a premium
strategic mineral asset advancing towards development at a highly attractive
value entry point."

 

Enquiries:

 

 Metals One Plc                                           info@metals-one.com (mailto:info@metals-one.com)

 Jonathan Owen, Chief Executive Officer                   +44 (0)20 7981 2576

 Craig Moulton, Chairman

 Beaumont Cornish Limited (Nominated Adviser)             +44 (0)20 7628 3396

 James Biddle / Roland Cornish
 Capital Plus Partners Limited (Joint Broker)             +44 (0)207 432 0501

 Jonathan Critchley
 Vigo Consulting (UK Investor Relations)                  IR.MetalsOne@vigoconsulting.com +44 (0)20 7390 0230

 Ben Simons / Fiona Hetherington / Anna Stacey
 Fairfax Partners Inc (North America Investor Relations)  connect@fairfaxpartners.ca (mailto:connect@fairfaxpartners.ca)

                                                          +1 604 366 6277

 

About Metals One

 

Metals One is pursuing a strategic portfolio of critical and precious metals
projects in low-risk jurisdictions, underpinned by the Western World's urgent
need for reliably and responsibly sourced raw materials, and record high gold
prices.

 

Metals One's shares are listed on the London Stock Exchange's AIM Market
(MET1).

 

Schedule of projects/investments:

 

 Project/Company                       Commodities      Location      Ownership  Acquisition Status
 Black Schist Project                  Ni, Zn, Cu, Co   Finland       93.75%     Completed - July 2023
 CleanTech Lithium (AIM: CTL)          Li               Chile         10.7%      Completed - September 2025
 Evolution Energy Minerals (ASX: EV1)  Graphite         Tanzania      16.9%      Completed - September 2025
 Fulcrum Metals (AIM: FMET)            Au               Canada        5.9%       Completed - July 2025
 Lillefjellklumpen Project             PGE, Au, Ni, Cu  Norway        100%       SPA executed, completion pending
 Lions Bay Capital (TSX-V: LBI)        Au, Cu           South Africa  19.1%      Completed 1(st) Tranche - August 2025
 Radium Mountain Project               U, V             USA           75%        Completed - August 2025
 Råna Project                          Ni, Cu, Co       Norway        39%        Completed - July 2020
 Red Basin Project                     U                USA           35%        Completed - August 2025
 Squaw Creek Project                   U                USA           100%       Completed - July 2025
 Swales Project                        Au               USA           100%       Completed - June 2025
 Uravan Belt Project                   U, V             USA           100%       Completed - July 2025
 Vanadium King Project                 U, V             USA           75%        Completed - August 2025
 Wedding Bell Project                  U, V             USA           75%        Completed - August 2025

 

Follow us on social media:

 

LinkedIn: https://www.linkedin.com/company/metals-one-plc/
(https://www.linkedin.com/company/metals-one-plc/)

X: https://x.com/metals_one_PLC (https://x.com/metals_one_PLC)

 

Subscribe to our news alert service on the Investors page of our website at:
https://metals-one.com (https://metals-one.com/)

 

Market Abuse Regulation (MAR) Disclosure

 

The information set out below is provided in accordance with the requirements
of Article 19(3) of the Market Abuse Regulations (EU) No. 596/2014 which forms
part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018
('MAR').

 

Nominated Adviser

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

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