Business
Major Strategic Investment in Lions Bay Capital
Metals One PLC announced a strategic investment of C$750,000 in Lions Bay Capital Inc., a Canada-listed mining finance company. This investment is for 7,500,000 common shares, resulting in Metals One owning 19.1% of Lions Bay. The first tranche of 3,525,000 Units has settled, with the remaining 3,975,000 Units expected to settle soon. Lions Bay aims to bring a South African gold processing plant into production by Q4 2026 and has an option to acquire a cogeneration plant for US$1.4 million. The plant can roast approximately 5,000 tonnes of concentrate monthly and generate around 12 MW of power. In the year to May 31, 2024, Lions Bay reported a loss before tax of C$2,990,000 on nil revenue and net assets of C$3,584,000. Disclaimer*
About this update from Metals One Plc
[{"type":"text","content":"\n\n29 August 2025\n \nMetals One Plc\n(\"Metals One\" or the \"Company\")\n \nMajor Strategic Investment in Lions Bay Capital\n \nExpands Global Gold Exposure with Gold Processing Plant Opportunity\n \nMetals One (AIM: MET1), a minerals exploration and development company with key interests in uranium and gold projects, is pleased to announce it is making an investment of C$750,000 in Lions Bay Capital Inc. (\"Lions Bay\") (TSX-V: LBI), a Canada-listed mining finance and investment company focused on unlocking the potential of resource assets with a strategic emphasis on gold and copper. The investment is being made by way of a subscription for a total of 7,500,000 common shares (\"Units\") resulting in Metals One owning 19.1% of Lions Bay. The first tranche of 3,525,000 Units has settled, with the remaining 3,975,000 Units in the second tranche expected to settle shortly, upon TSX-V approval.\n \nLions Bay's primary objective, subject to funding, is bringing a South African gold processing plant with supporting energy infrastructure into production by Q4 2026, positioning it to generate near-term cash flow. Lions Bay has an option until November 2025 to acquire the cogeneration plant for US$1.4 million. The plant was shut down in 2021 after less than 18 months of operation. It cost circa US$20 million to commission and supplied steam and power to an adjacent chemical complex where operations are suspended.\n \nLions Bay intends to refurbish and modify the plant, which is able to roast approximately 5,000 tonnes of auriferous concentrate per month, providing an alternative processing solution to exporting gold-bearing concentrate to Asian smelters. Roasting involves combusting the ore concentrate in the presence of oxygen, exposing the gold to conventional extraction. The power infrastructure is designed to generate around 12 MW of continuous power.\n \nA Competent Persons Report (CPR) was commissioned last week and is expected to be completed in October 2025. Lions Bay expects to negotiate feed supply once the CPR has been completed and has identified small, licensed gold mines that would benefit from a South African processing solution.\n \nLonger-term, Lions Bay intends to leverage its ownership of the modified plant and the revenue to acquire gold mines in the Barberton region of...