REG - Metals One PLC - Notice of General Meeting

Metals OneAnnouncement

Tue 12:30

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RNS Number : 7325O  Metals One PLC  13 January 2026

 

13 January 2026

 

Metals One Plc

("Metals One" or the "Company")

 

Notice of General Meeting

 

Metals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals
exploration and development company, announces it has today posted to
shareholders a Notice of General Meeting in connection with the proposed issue
of Ordinary Shares to the Metals One Plc Employee Benefit Trust established in
January 2024 as well as resolutions approving the Director's authority to
issue shares including on a non-pre-emptive basis. The General Meeting will be
held on 30 January 2026 at 10.00 a.m. at the offices of Hill Dickinson LLP,
8th Floor, The Broadgate Tower, 20 Primrose Street, London EC2A 2EW.

 

The Notice of General Meeting contains, inter alia, a letter from the Chairman
an extract of which follows below:

 

As we begin 2026, I would like to reflect on what has been a truly
transformational year for Metals One and to outline the opportunities that lie
ahead as we enter the new year in a position of unique strength among juniors
in our sector.

 

During 2025, Metals One completed transformational financings that delivered
net proceeds of over £15 million. This funding fundamentally reshaped the
Company's opportunity set at a time when high-quality mineral assets and
projects have become available at attractive valuations for those with ready
access to capital. Supported by strong commodity prices, Metals One has been
able to act decisively, making highly opportunistic investments and
acquisitions that have materially enhanced the Company's portfolio and future
growth potential.

 

These financings paved the way for Metals One to secure key projects and
diversify its exposure through targeted business development. Today, the
Company's risk is spread across an expanded geographical footprint, with a
clear strategic focus on precious metals and metals to support the energy
transition. Our emphasis on gold and uranium is underpinned by robust pricing
dynamics and strong long-term demand fundamentals, while we also retain
exposure to a potential nickel price recovery through our original projects.

 

Our investment approach throughout the year has predominantly been a blend of
direct project acquisitions and investments in publicly listed holding
structures. This strategy provides flexibility, liquidity, and, where
appropriate, mark-to-market valuation transparency as the mining sector moves
toward what many believe could be a new demand-driven supercycle. This
potential supercycle is expected to be fuelled by unprecedented demand for
metals such as copper, lithium, and nickel, driven by electrification,
renewable energy, electric vehicles, and AI-enabled infrastructure. Metals One
has exposure to all these commodities and more.

 

The most significant development within the Metals One portfolio, and our
greatest source of exposure to potential near-term value creation, lies in the
opportunity to rapidly establish a vertically integrated gold company in South
Africa alongside an exceptionally experienced management team, including the
former CEO of a major South African gold miner. Our investments in the two
Lions Bay entities, through a combination of equity and loans, place Metals
One at the centre of this compelling strategy. The opportunity is anchored by
Lions Bay Resources' option over a cogeneration plant in South Africa capable
of producing power and steam while roasting refractory gold concentrates. In
parallel, Lions Bay Resources is actively identifying suitable - in some cases
stranded - mining assets that align with the intended roasting configuration
and, to that end, has made an offer for all the assets of the Vantage
Goldfields Group.

 

From a governance perspective, 2025 also marked a period of significant
change. Alastair Clayton, Thomas Levin, Sara Minchin and Winton Willesee
stepped down as Non-Executive Directors. I was appointed Chair, and Alex King
and Fungai Ndoro joined the Board as Non-Executive Directors. In addition,
Daniel Maling transitioned from Chief Financial Officer to Managing Director,
assuming responsibility for the Company's day-to-day operations, project
oversight, and business development.

 

The reconfigured Board has been instrumental in transforming Metals One's
opportunities. We have refreshed the Company's governance framework to ensure
best practice, including the renewal and strengthening of Board committees,
positioning Metals One for disciplined growth, robust oversight, and long-term
value creation.

 

In January 2024, the Company established an Employee Benefit Trust to retain
and incentivise management and key personnel. As projects move toward
development and as we expect to make key hires during the year, this structure
will enable Metals One to align equity and cash incentives with clearly
defined milestones. To support this strategy, and to recruit, retain, and
motivate the people required to maximise the value of our opportunities for
shareholders, the Board is seeking shareholder approval for the issue of
Ordinary Shares to the Employee Benefit Trust.

 

The Company begins 2026 in a position of considerable financial and strategic
strength. The Company had an investments valuation at 31 December 2025
(unaudited) of approximately £16 million, and cash of £8.15 million giving a
total sum-of-the-parts valuation of £24.15 million. This balance sheet
strength is rare for a junior mineral resource company and provides the
flexibility to act decisively as opportunities arise with optionality over how
we fund project advancement.

 

Looking ahead, our forward strategy remains clear and focused. We will
continue to prioritise gold and uranium projects that offer the strongest
leverage to current market conditions, while maintaining exposure to
longer-term upside across the broader energy transition metals complex. Metals
One is well positioned to capitalise on an expected rerating across the mining
sector as the early stages of a new, demand-driven supercycle begin to emerge.

 

I would like to thank our shareholders for their continued support and
confidence. The year ahead offers substantial opportunity, and the Board and
management team are committed to delivering sustainable growth and long-term
value for all stakeholders.

 

 

A copy of the Notice of General Meeting is available to view on the Company's
website at: https://metals-one.com/investors/
(https://metals-one.com/investors/) .

 

 

 

Enquiries:

 

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

 Daniel Maling, Managing Director              +44 (0)20 7981 2576

 Craig Moulton, Chairman

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

 James Biddle / Roland Cornish
 Oak Securities (Joint Broker)                 +44 (0)20 3973 3678

 Jerry Keen / Calvin Man
 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

 

About Metals One

 

Metals One is pursuing a strategic portfolio of critical and precious metals
projects and investments 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) and on the OTCQB Venture Market in the United States (MTOPF).

 

Map of Metals One projects/investments

 

 

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 herein 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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