REG - Metals One PLC - Investment in CleanTech Lithium Plc

Metals OneAnnouncement

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RNS Number : 7816U  Metals One PLC  11 August 2025

11 August 2025

 

Metals One Plc

("Metals One" or the "Company")

 

Investment in CleanTech Lithium Plc

 

Metals One (AIM: MET1), a minerals exploration and development company with
key interests in uranium and gold projects, is pleased to announce an
investment of £1 million in CleanTech Lithium Plc (AIM: CTL, Frankfurt:T2N)
("CleanTech Lithium"), pursuant to its placing announced on 11 August 2025. As
a result, Metals One will own approximately 10.7% of CleanTech Lithium's
enlarged issued share capital. The investment is conditional on CleanTech
Lithium's shareholders approving certain resolutions to issue the placing
shares at a General Meeting expected to be held on 29 August 2025.

 

CleanTech Lithium

 

CleanTech Lithium is an exploration and development company advancing lithium
projects in Chile for the clean energy transition. CleanTech Lithium has two
key lithium projects in Chile, Laguna Verde and Viento Andino, and an
exploration stage project in Arenas Blancas (Salar de Atacama), located in the
lithium triangle, a leading centre for battery grade lithium production.

 

CleanTech Lithium is committed to utilising Direct Lithium Extraction ("DLE")
with reinjection of spent brine resulting in no aquifer depletion. DLE is a
transformative technology which removes lithium from brine with higher
recoveries, short development lead times and no extensive evaporation pond
construction.

 

CleanTech Lithium's portfolio of projects in the Chilean part of the lithium
triangle have a combined total JORC resource estimate of 2.55 million tonnes
of lithium carbonate equivalent and completed scoping studies showing strong
economics. The Laguna Verde project is at the Preliminary Feasibility Stage
("PFS"). This is well-advanced and will be finalised once the CEOL (Special
Lithium Operation Contract) and resource area is determined.

 

Laguna Verde

Laguna Verde is the flagship project which CleanTech Lithium is developing
into a multi-decade commercial DLE production asset. The granting of CEOL and
completion of the PFS will be key milestones for starting substantive
discussions with strategic partners to support financing and project
development.

 

Viento Andino

Viento Andino is a new lithium discovery made in 2022. Located 100 km from
Laguna Verde, Viento Andino is the second development project of CleanTech
Lithium and, based on a scoping study, has promising economics.

 

Investment Details

 

Metals One is participating in CleanTech Lithium's announced £4.3 million
equity fundraise by subscribing £1 million in cash for 20 million new shares
at a price of 5 pence per share. This participation will result in Metals One
holding a minority stake in CleanTech Lithium, representing approximately
10.7% of CleanTech Lithium's enlarged issued share capital. The investment is
a passive holding and does not confer any controlling interest or influence
over CleanTech Lithium.

 

CleanTech Lithium's placing enables it to fund the acquisition of additional
licences to advance the Laguna Verde Project, complete and publish the PFS and
DLE technical work, and provides general working capital.

 

The publication of the PFS, which is expected to occur when CleanTech Lithium
is entered into a streamlined CEOL process, will assist the company in various
discussions when it will be seeking to introduce a strategic investor into the
project to fund work, including a Definitive Feasibility Study and
Environmental Impact Assessment, leading to a Final Investment Decision.

 

Craig Moulton, Chairman of Metals One, commented:

 

"This investment in CleanTech Lithium further diversifies Metals One's
critical minerals commodity exposure. Lithium is a key metal for the green
transition with long-term fundamentals that point to sustained demand growth
into the next decade. We regard this is an opportunistic low value entry into
what is expected to be Chile's next major lithium project with key value
catalysts in the near-term that will position CleanTech Lithium for a
significant re-rating."

 

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 / Kendall Hill / 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.

 

Our commodity exposure(*) includes gold, uranium, vanadium, copper, nickel,
lithium, cobalt, zinc, and platinum group metals.

 

Our most advanced project is the Black Schist Project in Finland with a 57.1
Mt nickel-copper-cobalt-zinc JORC Inferred Resource adjacent to one of
Europe's largest nickel producers.

 

Our project portfolio(*) spans the USA, Finland and Norway.

 

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

 

(*)Includes projects for which acquisition terms have been agreed pending
completion.

 

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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