Business
Issue of Equity & TVR
Metals One PLC (AIM: MET1) announced the completion of its cash warrant exercises, receiving 93,000,000 ordinary shares at £0.02 per share, with only 850,000 warrants remaining. Additionally, 380,000 ordinary shares were issued at £0.05 per share to settle a deferred consideration. Following admission of these shares, the company's issued share capital will be 839,946,460 ordinary shares. The company stated that it is now fully funded to advance its projects and business development strategy. Disclaimer*
About this update from Metals One Plc
[{"type":"text","content":"\n\n19 August 2025\n \nMetals One Plc\n(\"Metals One\" or the \"Company\")\n \nIssue of Equity & TVR\n \nCash Warrants Financing Substantially Completed - Company Fully Funded to Advance Projects\n \nMetals One (AIM: MET1), a minerals exploration and development company with key interests in uranium and gold projects, announces it has received notice of the exercise of Cash Warrants, issued pursuant to the Equity Fundraise announced on 31 January 2025, over a total of 93,000,000 ordinary shares in the Company (the \"Warrant Shares\") at 2 pence per share. This substantially completes the Cash Warrant exercises (with only 850,000 Cash Warrants outstanding) and therefore concludes the Equity Fundraise.\n \nAdditionally, the Company has issued 380,000 ordinary shares at a price of 5 pence per share to settle a deferred consideration obligation under the sale and purchase agreement dated 23 May 2023 (as amended on 26 June 2023 and 24 July 2023 and set out in the Company's Admission Document available at https://metals-one.com/investors/) pursuant to which Metals One acquired Scandinavian Resource Holdings Pty Ltd (and gained its interest in the Råna Nickel Project in Norway) (the \"Consideration Shares\").\n \nApplication will be made for the admission of the Warrant Shares (pursuant to the authorities approved by shareholders at the General Meeting on 25 March 2025) and the Consideration Shares to trading on AIM. The Warrant Shares and the Consideration Shares will rank pari passu with the existing ordinary shares and it is expected that admission will become effective at 8.00 a.m. on 20 August 2025.\n \nFollowing admission of the Warrant Shares and Consideration Shares, the Company's issued share capital will consist of 839,946,460 ordinary shares with voting rights. Metals One does not hold any ordinary shares in treasury. This figure of 839,946,460 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they require to notify their interest in, or a change to their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\n \nCraig Moulton, Chair of Metals One, commented:\n \n\"Through the Equity Fundraise, which c...