Business
Expansion of Agreement with DISA Technologies
Metals One Plc has expanded its agreement with DISA Technologies Inc. to evaluate and treat abandoned uranium mine waste dumps at its Uravan Project in Colorado, aiming to recover saleable uranium and critical mineral concentrates. Under the new terms, DISA will operate the project, cover all associated costs including permitting and remediation, and Metals One will receive a gross revenue share ranging from 2.5% to 4.0% with no capital or operational expenditure exposure. This collaboration leverages DISA's patented High-Pressure Slurry Ablation (HPSA) system, which has demonstrated significant environmental benefits by removing up to 90% of uranium and radium-226 from waste. This initiative aligns with US government efforts to recover critical minerals from legacy mine waste and represents a near-term revenue generation opportunity for Metals One. Disclaimer*
About this update from Metals One Plc
15 May 2026 Metals One Plc ("Metals One" or the "Company") Expansion of Agreement to Treat Uranium Waste Dumps with DISA Technologies Metals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals project developer and investor, announces it has signed an agreement with DISA Technologies Inc. ("DISA") to seek to evaluate and, if successful, treat historically abandoned uranium mine waste dumps and recover saleable uranium and other critical mineral concentrates at Metals One's 100%-owned Uravan Belt Uranium-Vanadium Project in Colorado ("Uravan Project"). The Uravan Project was acquired by Metals One in July 2025. It comprises 59 unpatented mining claims (~490 hectares) situated near the historic Buckhorn Mine within the renowned Uravan Mineral Belt, a district responsible for more than 60 million pounds of uranium and 330 million pounds of vanadium production during the 20th century. Within the Uravan Project there are eight separate abandoned uranium mine waste dumps suitable for potential recovery. In September 2025, Metals One announced it had returned grades of up to 41,768 ppm uranium (4.17%) from historic waste material (UV5) from rock chip sample assays. This agreement expands on the existing relationship with DISA, as detailed in the announcement on 4 September 2025 in connection with the Company's 75% -owned Radium Mountain and Wedding Bell claims, also in Colorado. Under the agreement with DISA, DISA will now advance this exploration work as more fully set out below. Highlights: · Metals One to be paid a Gross Revenue Share of saleable uranium and other critical mineral concentrates recovered from waste dumps at the Uravan Project via deployment of DISA's modular mobile plants utilising the patented High-Pressure Slurry Ablation ("HPSA") system · No capex or opex payable by Metals One · Metals One to receive a percentage of gross product sale revenue stream, minus certain post-treatment allowable costs - a sliding scale with a base rate of 2.5%, through to 4.0% in certain metals pricing environments · DISA to be operator of the Uravan Projects and pay all associated costs of permitting, evaluation, treatment and ongoing remediation Advantages of HPSA: · The HPSA process treats...