REG - Metals One PLC - Update re Investment in Fulcrum Metals Plc

Metals OneAnnouncement

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RNS Number : 1949R  Metals One PLC  02 February 2026

 

2 February 2026

 

Metals One Plc

("Metals One" or the "Company")

 

Update re Investment in Fulcrum Metals Plc

 

Metals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals project
developer and investor, announces it has increased its investment in Fulcrum
Metals Plc (AIM: FMET) ("Fulcrum") through the exercise of 2,916,667 warrants
at 5p thereby increasing the Company's shareholding in Fulcrum to 8,750,000
shares, equivalent to 6.33% of Fulcrum's issued share capital.

 

Fulcrum is an AIM-listed pioneer in the application of innovative cyanide-free
technologies to recover precious and critical metals from mine waste. Metals
One initially invested £175,000 in Fulcrum as announced by the Company on 22
July 2025 and has made an unrealised gain on the initial investment to date of
over 100%.

 

Additionally, pursuant to the warrant exercise described above, Fulcrum has
issued Metals One new warrants over 1,458,334 shares with an exercise price of
10p, valid for 18 months.

 

Daniel Maling, Managing Director of Metals One, commented:

 

"Metals One is pleased with the progress Fulcrum is making with the
development of the Teck-Hughes and Sylvanite projects in Canada where Fulcrum
is focused on using environmentally friendly leaching technology developed
by Extrakt Process Solutions to recover precious metals from mine tailings.
This progress is being reflected in Fulcrum's share price - which has already
more than doubled since our investment six months ago - and Metals One is
pleased to increase its exposure to this company through an increased
shareholding and new warrants as Fulcrum accelerates the next stages of
development work."

 

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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