REG - Metals One PLC - Strategic Investment in Fulcrum Metals Plc

Metals OneAnnouncement

Tue 07:00

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RNS Number : 9500R  Metals One PLC  22 July 2025

22 July 2025

 

Metals One Plc

("Metals One" or the "Company")

 

Strategic Investment in Fulcrum Metals Plc

 

Metals One (AIM: MET1), a minerals exploration and development company, is
pleased to announce a strategic investment of £175,000 in Fulcrum Metals Plc
(AIM: FMET) ("Fulcrum"), an AIM-listed technology-led natural resources
company focused on the recovery of precious metals from mine tailings using
innovative cyanide-free extraction technology.

 

Highlights

 

·    Aligned with Metals One's Overarching Strategy: The investment is in
line with Metals One's strategy of supporting responsibly sourced critical and
precious metals, alongside technological innovation in the mining sector

 

·    Significant Collaboration Opportunities: Metals One and Fulcrum will
explore applications of Extrakt's technology beyond Fulcrum's current projects
and assess whether the Extrakt process could be applied to base metal or
battery metal tailings in jurisdictions where Metals One operates

 

·    Increases Exposure to Clean Extraction Technology: Access to this
low-disturbance, non-toxic leach technology offers Metals One potential
financial returns while ensuring the Company adheres to its commitments to
sustainable and innovative mining practices

 

Investment Details

 

Metals One is participating in Fulcrum's announced £1.045 million equity
fundraise by subscribing £175,000 in cash for 5,833,333 new shares at a price
of 3 pence per share. This participation will result in Metals One holding a
minority stake in Fulcrum, representing approximately 5.9% of Fulcrum's
enlarged issued share capital. The investment is a passive holding and does
not confer any controlling interest or influence over Fulcrum.

 

Strategic Rationale

 

Metals One's core strategy is to secure and develop critical and precious
metals projects in a responsible manner and in low-risk jurisdictions, while
embracing new technologies to improve sustainability and efficiency.

 

Fulcrum has an exclusive licence to deploy cutting-edge, non-toxic leach
technology from Extrakt Process Solutions ("Extrakt") on historical gold mine
tailings in the Timmins and Kirkland Lake regions of Ontario, Canada.
Fulcrum's Kirkland Lake Projects alone have access to an estimated 205K ounces
of gold. Initial testing of this cyanide-free process on Fulcrum's tailings
projects has shown gold recovery rates of up to ~59% with substantially faster
leaching times compared to traditional methods.

 

Because Extrakt's process avoids cyanide and minimises water usage, it offers
a more sustainable approach to reclaiming metals from waste materials. Metals
One recognises the potential of this technology to transform tailings
reprocessing while adhering to high ESG standards.

 

Metals One's Board believes that increasing the Company's exposure to this
clean extraction technology not only offers potential financial returns but
also advances its commitment to sustainable and innovative mining practices.
By investing in Fulcrum, Metals One can contribute to, and benefit from,
advancements in eco-friendly metal extraction methods, reinforcing its
commitment to the clean energy transition and the principles of responsible
sourcing in the metals supply chain.

 

Collaboration Opportunities

 

This strategic investment will enable future collaboration between Metals One
and Fulcrum. The two companies intend to explore applications of Extrakt's
technology beyond Fulcrum's current projects in Canada, potentially in other
jurisdictions or on different metal-bearing tailings and mineral systems.
Metals One and Fulcrum will evaluate whether the Extrakt process could be
applied to base metal or battery metal tailings in territories where Metals
One operates, leveraging the Company's project portfolio and jurisdictional
reach.

 

Jonathan Owen, CEO of Metals One, commented:

 

"Reprocessing mine tailings is no longer just a clean-up exercise - it's a
strategic opportunity. With modern extraction technologies, Fulcrum can unlock
residual precious metals that were once considered lost, while simultaneously
reducing environmental liabilities and enhancing ESG credentials. It's a rare
case where doing the right thing environmentally also makes strong economic
sense.

 

Our investment in Fulcrum represents a strategic move to benefit from this
opportunity arising from environmentally responsible innovation in mining.
They have a clear path to low capex production and significant upside
potential from over 70 historical tailing sites in Timmins and Kirkland.

 

This partnership not only provides Metals One with a stake in a unique project
pipeline but also opens the door for potential collaboration to apply this
technology in other regions and metal systems. It is a strong fit with our
mission to deliver responsibly sourced metals through technological
advancement."

 

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/)

 

About Fulcrum Metals Plc

 

Fulcrum Metals PLC (AIM: FMET) is an AIM listed technology led natural
resources company focused on recovery of precious metals from mine tailings
(previously milled and processed ore) in Canada using environmentally friendly
leaching technology developed by Extrakt Process Solutions LLC and its
associates. The Company's projects are the tailing sites of the former
Teck-Hughes and Sylvanite gold mines, located at the Kirkland Lake region in
Ontario. In addition, the Company has interests in a portfolio of highly
prospective mineral exploration and development projects in both Ontario and
Saskatchewan Canada.

 

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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