REG - Metals One PLC - Issue of Equity

Metals OneAnnouncement

25/04/2025 14:45

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RNS Number : 2865G  Metals One PLC  25 April 2025

25 April 2025

 

Metals One Plc

("Metals One" or the "Company")

 

Issue of Equity

 

Metals One (AIM: MET1), which is advancing strategic minerals projects in
Finland and Norway announces it has received notice of the exercise of Prepaid
Warrants, issued pursuant to the Equity Fundraise announced on 31 January
2025, over a total of 3,400,000 ordinary shares in the Company.

 

Application will be made for the admission of the 3,400,000 new ordinary
shares to trading on AIM ("Admission") pursuant to the authorities approved by
shareholders at the General Meeting on 25 March 2025. The 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 28 April 2025.

 

Following Admission, the Company's issued share capital will consist of
51,054,750 ordinary shares with voting rights. Metals One does not hold any
ordinary shares in treasury. This figure of 51,054,750 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.

 

Enquiries:

 

 Metals One Plc                                                       via Vigo Consulting

 Jonathan Owen, Chief Executive Officer                               +44 (0)20 7390 0234

 Craig Moulton, Chairman

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

 James Biddle / Roland Cornish

 www.beaumontcornish.com (http://www.beaumontcornish.com)

 SI Capital Limited (Joint Broker)                                    +44 (0)14 8341 3500

 Nick Emerson

 Capital Plus Partners Limited (Joint Broker)                         +44 (0)20 3821 6169

 Jonathan Critchley

 https://www.capplus.co.uk/ (https://www.capplus.co.uk/)

 Vigo Consulting (UK Investor Relations)                              +44 (0)20 7390 0234

 Ben Simons / Kendall Hill / Anna Stacey

 metalsone@vigoconsulting.com (mailto:metalsone@vigoconsulting.com)

 Fairfax Partners Inc (North America Investor Relations)              +1 604 366 6277

 connect@fairfaxpartners.ca (mailto:connect@fairfaxpartners.ca)

 

About Metals One

 

Metals One (AIM: MET1) is pursuing a critical minerals exploration and M&A
strategy, underpinned by the Western World's urgent need for reliably and
responsibly sourced raw materials such as copper, nickel, cobalt, and zinc -
all of which are vital to the clean energy transition.

 

Metals One's current projects include strategic metals projects in Finland and
Norway, aiming to help meet Europe's demand for strategic minerals sourced
from within the continent.

 

Metals One's 93.75%-owned Black Schist Projects in Finland total 706 km(2),
with an Inferred Resource of 57.1 Mt nickel-copper-cobalt-zinc, adjacent to
one of Europe's largest nickel producers.

 

Metals One's 39%-owned and fully carried Råna Project in Norway covers 18.14
km², with proven potential for massive sulphide nickel-cobalt-copper
mineralisation.

 

In 2025, Metals One announced the conditional acquisition of 100% of the
Hammaslahti Copper-Zinc Project and Outokumpu Copper Project in Finland, both
of which are associated with former operating mines. Subject to completion,
Metals One intends to commence exploration programmes, including drilling of
high-impact copper targets, in 2025.

 

 Metals One European projects

 

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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