Metals One Plc · LSE:MET1
Metals One — Investor Presentation (March 2026)
29 slides from Metals One's investor presentation, March 2026
Slide 1: Critical & Precious Metals: Early-stage project developer and investor
LON: MET1 OTCQB: MTOPF Critical & Precious Metals Early-stage project developer and investor March 2026
Slide 2: Disclaimer
Disclaimer These presentation slides have been prepared by and are the sole responsibility of Metals One plc (“Metals One” or “the Company”). The directors of the Company have taken all reasonable care to ensure that the facts stated herein are true to the best of their knowledge or belief. The info
Slide 3: A Strategic Mix of Sentiment Driven and Contrarian Investments
A Strategic Mix of Sentiment Driven and Contrarian Investments Projects and investments in stable jurisdictions, underpinned by urgent need for reliably and responsibly sourced raw materials, and surging gold prices Gold prices at record highs demonstrating a strong upward trend. In the past year, g
Slide 4: Project & Investment Exposure
Project & Investment Exposure Making investments where there are clear pathways to achieve operating stakes and create material value for Metals One. Commodity mix Geographical coverage Investment type Uranium, Helium, PGEs, North 12% 1% Listed, 1% America, Gold, 16% 19% Cash, 25% Graphite, 29% 6% E
Slide 5: Exposure to >US$2Bn in Underlying Project Valuation
Exposure to >US$2Bn in Underlying Project Valuation Metals One’s four largest portfolio projects total US$2.25bn on a preliminary economic assessment or replacement value basis. Value Underlying Project Exposure (Gross) Value Metals One Direct Exposure Other investments Laguna Verde Lithium Laguna V
Slide 6: Board & Management
Board & Management An experienced and well-regarded team with strong and extensive technical and commercial acumen. Craig Moulton Daniel Maling Alex King Fungai Ndoro Executive Chair Managing Director Non-Executive Director Non-Executive Director • Craig has over 30 years’ experience in • Daniel is
Slide 7: Corporate Info
Corporate Info Metals One completed transformational financings in 2025 that delivered net proceeds of over £15 million to invest Capital Structure Shares in issue: 1,160m Warrants/options: nil Fully diluted: 1,160m Market Cap @ 2p: £20.4m Cash and liquid investments £14.0m AIM: MET1 – Market Cap (£
Slide 8: Gold Projects
Gold Projects Growing gold exposure underpinned by record high prices Lions Bay Capital & Lions Bay Resources, South Africa 19.1% (August 2025) interest in listed company Lions Bay Capital, Inc. (TSXV: LBI) and US$1.8m of loan notes convertible into 30% of the issued share capital of its South Afric
Slide 9: Lions Bay Gold-Energy Plant, South Africa
Lions Bay Gold-Energy Plant, South Africa Platform investee companies for operational gold exposure Plant to be acquired with Metals One funding. Can be modified to roast refractory gold concentrates while producing steam and power. Positioned to generate near-term cash flow by Q4 2026 Subject to re
Slide 10: Lions Bay Gold Opportunities, South Africa
Lions Bay Gold Opportunities, South Africa Near-term opportunities for regional gold processing and consolidation South Africa was historically the world’s largest gold producer, and still is host to abundant resources and infrastructure Identified over 12 million ounces of regional gold deposits su
Slide 11: Fulcrum Metals Gold Tailings Projects, Ontario
Fulcrum Metals Gold Tailings Projects, Ontario Gold investee company Fulcrum Metals PLC (AIM: FMET) Exclusive licence to deploy cutting-edge, non-toxic leach technology from Extrakt Process Solutions on historical gold mine tailings in the Timmins and Kirkland Lake regions of Ontario, Canada Exposur
Slide 12: Swales Project, Nevada
Swales Project, Nevada Metals One’s early-stage US gold exploration project Carlin Trend, one of the richest mining districts in the world and home to some of the largest U.S. gold mines Proximal to Nevada Gold Mines' Carlin Complex, the single largest gold- producing complex in the world (a joint v
Slide 13: Fidelity Minerals, Peru
Fidelity Minerals, Peru Investee company - accelerated development of large-scale gold-copper project Core asset is brownfield Las Huaquillas project, northern Peru (50% owned) 446,000 oz open gold resource, 5.3 million oz open silver resource (non- compliant) Low-cost drill programme to confirm and
Slide 14: Lithium Project
Lithium Project Lithium is a vital metal for the energy transition, with demand growing exponentially CleanTech Lithium, Chile 2.88% (March 2026) interest in CleanTech Lithium PLC (AIM: CTL, Frankfurt:T2N) - an exploration and development company advancing lithium projects in Chile It holds two key
Slide 15: CleanTech Lithium, Chile
CleanTech Lithium, Chile Investee company – flagship Laguna Verde Project with extensive exploration and development since 2021 Lithium grades: avg. 200 mg/L, up to 409 mg/L at depth Jan 2023 Scoping Study: 20,000 tpa over 30 years, US$6.3B calculated net cash flow One of Chile’s largest lithium res
Slide 16: Uranium and Vanadium Projects
Uranium and Vanadium Projects Targeting minerals to address U.S. supply deficits and support clean energy generation, grid storage, and energy security Squaw Creek Uranium Project, Wyoming 100% owner-operator (July 2025) - Shirley Basin, a premier uranium district Uravan Belt Uranium-Vanadium Projec
Slide 17: Squaw Creek Project, Wyoming
Squaw Creek Project, Wyoming Located in the Shirley Basin, a premier uranium district known for ISR-amenable uranium mineralisation Shirley Basin - a premium uranium district Near historic uranium mines and TerraPower's next-generation nuclear reactor project Past drilling indicates uranium minerali
Slide 18: Uravan Belt Uranium-Vanadium Project, Colorado
Uravan Belt Uranium-Vanadium Project, Colorado Located in the renowned Uravan Mineral Belt, formerly the United States' leading uranium-vanadium production area Near historic Buckhorn Mine Initial sampling confirmed exceptionally high-grade uranium mineralisation, with assays from surface samples re
Slide 19: Wedding Bell & Radium Mountain Projects, Colorado
Wedding Bell & Radium Mountain Projects, Colorado Potential revenue generation from early-stage uranium processing in USA, with potential exit opportunities In areas of historical high-grade uranium and vanadium production This area and adjacent uranium-vanadium mining districts of the Colorado Plat
Slide 20: Vanadium King Project, Utah
Vanadium King Project, Utah Vanadium King is approximately 40km north of the town of Moab Reporting of significant uranium and vanadium mineralised bodies from historic drilling activities Geological setting analogous to multiple deposits elsewhere in the region 100 Claims, 6 km2 Project Ownership M
Slide 21: NovaCore, New Mexico
NovaCore, New Mexico Investee company with Red Basin - Ane project - 15,000 acres in the Red Basin Uranium District of New Mexico Red Basin Uranium District - historical U.S. Department of Energy assessments and radiometric surveys suggest there is potential for 40 million pounds of U₃O₈ Gamma spect
Slide 22: Nickel & Platinum Metals Projects
Nickel & Platinum Metals Projects Key to energy transition, essential for EVs and energy storage Black Schist Nickel Projects (Paltamo/Rautavaara) 94% owner-operator (July 2023) - Inferred Resource 57.1 Mt nickel-copper-cobalt-zinc – PEA (2024) shows projects highly leveraged to anticipated recovery
Slide 23: Black Schist Project, Finland
Black Schist Project, Finland Metals One operated project focused on extracting nickel, copper, cobalt and zinc Kainuu Schist Belt – economically important 200 km geological formation 706 km2 project has 57.1 Mt JORC Inferred resource Expansion opportunity to 200 Mt Adjacent to Europe’s largest oper
Slide 24: Råna Project, Norway
Råna Project, Norway Brownfield nickel, copper and cobalt operated by Kingsrose Mining Within Råna Intrusion, analogous to Voisey’s Bay (Canada) world-class Ni-Cu-PGE deposit Proven potential for massive sulphide Ni-Cu-Co mineralisation Encircles previously producing underground Bruvann Mine Deep-wa
Slide 25: Lillefjellklumpen Project, Norway
Lillefjellklumpen Project, Norway Global supply of Platinum Group Elements (PGE) is constrained and concentrated in high-risk jurisdictions, creating price upside potential as demand rises Some of the highest-grade PGE assays published in Norway are hosted at the project, with surface sampling from
Slide 26: Graphite & Copper Projects
Graphite & Copper Projects Graphite is strong, light, and endlessly versatile. Graphite has been designated a strategic critical mineral by USA, EU and Japan Copper is facing a global supply deficit Evolution Energy Minerals Ltd, Tanzania 19.6% (February 2026) of Evolution Energy Minerals Ltd (ASX:
Slide 27: Chilalo Graphite Project, Tanzania
Chilalo Graphite Project, Tanzania Large, high-grade Mineral Resource with potential for multi- decade mine life Acquired 19.6% stake in Evolution Energy Minerals - Flagship asset is the high-grade, development-ready Chilalo Graphite Project, Tanzania JORC Resource: 67.3 Mt @ 5.4% Total Graphitic Ca
Slide 28: Chikundo Copper (Cu-Pb-Zn) Project, Tanzania
Chikundo Copper (Cu-Pb-Zn) Project, Tanzania Emerging VHMS system on a major volcanic caldera margin Chikundo is proximal to Evolution Energy Minerals’ planned Chilalo graphite infrastructure in south-east Tanzania New VTEM interpretation identifies a large volcanic caldera, a geological setting glo
Slide 29: LON: MET1 OTCQB:MTOPF
LON: MET1 OTCQB:MTOPF Follow us on social media metals-one-plc @Metals_one_PLC object 9 object 10 Eccleston Yards, 25 Eccleston Place, London SW1W 9NF info@metals-one.com