REG - Metals One PLC - Issue of Equity & TVR

Metals OneAnnouncement

19/08/2025 09:00

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RNS Number : 8892V  Metals One PLC  19 August 2025

19 August 2025

 

Metals One Plc

("Metals One" or the "Company")

 

Issue of Equity & TVR

 

Cash Warrants Financing Substantially Completed - Company Fully Funded to
Advance Projects

 

Metals One (AIM: MET1), a minerals exploration and development company with
key interests in uranium and gold projects, announces it has received notice
of the exercise of Cash Warrants, issued pursuant to the Equity Fundraise
announced on 31 January 2025, over a total of 93,000,000 ordinary shares in
the Company (the "Warrant Shares") at 2 pence per share. This substantially
completes the Cash Warrant exercises (with only 850,000 Cash Warrants
outstanding) and therefore concludes the Equity Fundraise.

 

Additionally, the Company has issued 380,000 ordinary shares at a price of 5
pence per share to settle a deferred consideration obligation under the sale
and purchase agreement dated 23 May 2023 (as amended on 26 June 2023 and 24
July 2023 and set out in the Company's Admission Document available at
https://metals-one.com/investors/ (https://metals-one.com/investors/) )
pursuant to which Metals One acquired Scandinavian Resource Holdings Pty Ltd
(and gained its interest in the Råna Nickel Project in Norway) (the
"Consideration Shares").

 

Application will be made for the admission of the Warrant Shares (pursuant to
the authorities approved by shareholders at the General Meeting on 25 March
2025) and the Consideration Shares to trading on AIM. The Warrant Shares and
the Consideration Shares will rank pari passu with the existing ordinary
shares and it is expected that admission will become effective at 8.00
a.m. on 20 August 2025.

 

Following admission of the Warrant Shares and Consideration Shares, the
Company's issued share capital will consist of 839,946,460 ordinary shares
with voting rights. Metals One does not hold any ordinary shares in
treasury. This figure of 839,946,460 may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they require to notify their interest in, or a change to their interest in,
the share capital of the Company under the UK Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

 

Craig Moulton, Chair of Metals One, commented:

 

"Through the Equity Fundraise, which completed in April, and the associated
Cash Warrants, Metals One has undergone a transformational refinancing,
allowing us to make opportunistic investments and broaden our commodity
exposure, with a strategic weighting to uranium and gold. I believe the
Company now offers exposure to a range of quality exploration opportunities in
reliable jurisdictions with significant exploration upside potential. We are
now fully funded to advance our projects and business development strategy."

 

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,
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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