LONDON: Metals One Plc (AIM: MET1), a critical and precious metals exploration company, said Friday it has acquired a 10.45% stake in Evolution Energy Minerals Ltd (ASX: EV1) and agreed to underwrite part of Evolution’s A$1.45 million Rights Issue. The investment provides Metals One exposure to Evolution’s Chilalo Graphite Project in Tanzania, a development-ready asset…
Tag: Metals One
Metals One eyes expansion with U.S. uranium project acquisition
LONDON: Metals One Plc (AIM: MET1) said Friday it has secured exclusive rights to acquire a 75% stake in two U.S.-based companies holding uranium and vanadium claims in Utah and Colorado, expanding its strategic footprint in America’s critical minerals sector. The claims—Vanadium King, Radium Mountain, and Wedding Bell—are located in the Uravan Mining Belt and…
Metals One secures second U.S. uranium asset with Wyoming acquisition
LONDON: Metals One (AIM: MET1) said on Monday it had completed the acquisition of the Squaw Creek Claims (SQ Claims) in Carbon County, Wyoming, marking its second uranium project in the United States amid growing interest in domestic nuclear energy assets. The SQ Claims, comprising 53 unpatented mining claims spanning roughly 430 hectares in the…
Metals One acquires stake in U.S. uranium project; Expands portfolio
LONDON: Metals One Plc (AIM: MET1), a UK-based minerals exploration company, has acquired a 10% stake in NovaCore Exploration Inc., a private U.S. firm developing the Red Basin Uranium Project in New Mexico. The transaction supports Metals One’s U.S. uranium strategy, expanding its exploration footprint to three early-stage assets. NovaCore controls approximately 15,000 acres in…
80 Mile PLC agrees to sell Finnish subsidiary to Metals One
LONDON: 80 Mile PLC, an exploration and development company listed on AIM, FSE, and the Pink Market, announced Wednesday that it has signed a binding agreement to sell FinnAust Mining Finland Oy, its wholly owned Finnish subsidiary, to Metals One Plc. The subsidiary holds licenses for the Hammaslahti Copper-Zinc Project and the Outokumpu Copper Project in Finland….