REG - Metals One PLC - Placing, Joint Broker Appt, Issue of Equity & TVR

Metals OneAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251204:nRSD2457Ka&default-theme=true

RNS Number : 2457K  Metals One PLC  04 December 2025

4 December 2025

 

Metals One Plc

("Metals One" or the "Company")

 

Placement to Institutional and Sophisticated Investors, Appointment of Joint
Broker,

Issue of Equity & TVR

 

Metals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals
exploration and development company, is pleased to announce it has
successfully raised gross proceeds of £4.4 million (before expenses) through
a placing of new ordinary shares with institutional and sophisticated
investors (the "Placing").

 

The Placing comprises the issue of 220,000,000 new ordinary shares of £0.01
each ("Placing Shares") at a price of £0.02 per share. The closing mid-market
price on 3 December 2025 was £0.034. The Placing Shares represent
approximately 26% of the Company's existing issued share capital. Due to
demand the Placing was upsized to utilise the Company's total headroom
capacity.

 

Use of Proceeds

 

The Placing proceeds will be applied primarily to the Lions Bay Resources
("LBR") transaction as announced by the Company on 27 November 2025 and
general working capital. The Company is in the process of agreeing loan
funding with LBR to be applied by LBR towards refurbishing a cogeneration
plant (the "Plant") located in South Africa. The Company understands LBR is
also in the process of identifying potential mining assets located in South
Africa that may suit the intended gold roasting configuration at the Plant.
Further announcements will be made by the Company in respect of the LBR
transaction in due course.

 

Subject to receipt of a Competent Person's Report and the configuration to be
adopted, it is expected that the Plant will require approximately US$4.5
million to restart production of steam and power. LBR expects to receive the
final Competent Person's Report for the Plant by mid-December.

 

Appointment of Joint Broker

 

Oak Securities is acting as agent for and on behalf of the Company in
connection with the Placing and has been appointed as joint broker to the
Company with immediate effect.

 

Total Voting Rights

 

Application will be made to the London Stock Exchange for the Placing Shares
to be admitted to trading on AIM (the "Admission"). Admission is expected to
occur at 8.00 a.m. on or around 11 December 2025.

 

Following Admission, the Company's total issued share capital will consist of
1,059,946,460 ordinary shares with voting rights attached. The Company does
not hold any ordinary shares in treasury. This figure may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change in their interest in, the Company under the FCA's Disclosure Guidance
and Transparency Rules.

 

Daniel Maling, Managing Director of Metals One, commented:

 

"It's pleasing to see institutional investment support for our Lions Bay
Resources gold development strategy in South Africa. Having additional capital
ring-fenced to facilitate the buy and build plan will be key during upcoming
negotiations and will very well position the Company.

 

We have a busy period ahead of us and I look forward to providing further
updates on our progress in the weeks ahead."

 

 

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                                  +44 (0)20 3973 3678

 Jerry Keen / Calvin Man

 Capital Plus Partners Limited (Joint Broker)    +44 (0)207 432 0501

 Jonathan Critchley
 Vigo Consulting (Investor Relations)            IR.MetalsOne@vigoconsulting.com

 Ben Simons / Fiona Hetherington / Anna Stacey   +44 (0)20 7390 0230

 

 

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 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFSDSMLEISEIE



            Copyright 2019 Regulatory News Service, all rights reserved