Business
Final Results
Metals One Plc reported its final results for the year ended 31 December 2025, highlighting a strengthened financial position with over £15 million in net proceeds from transformational financings. The company is now focused on developing its South African gold business and exploring North American uranium claims, alongside other global interests. Key developments include acquisitions of uranium projects in Colorado and Wyoming, a stake in NovaCore Exploration Inc. for the Red Basin Uranium Project, and significant investment in Lions Bay Capital Inc. to advance a South African gold and power strategy, which has resulted in an unrealised gain of 237% on Metals One's consolidated interests. The company also acquired a stake in Evolution Energy Minerals Ltd for graphite and copper exposure. Despite a £6.5 million impairment charge on exploration assets, Metals One ended the year with net assets of £19.27 million and cash reserves of £8.3 million. Disclaimer*
About this update from Metals One Plc
30 June 2026 Metals One Plc ("Metals One", the "Company" or the "Group") Final Results for the Year Ended 31 December 2025 Metals One Plc (AIM: MET1, OTCQB: MTOPF), a critical and precious metals project developer and investor with a key focus on gold and uranium, announces its final results for the year ended 31 December 2025 ("FY 2025"). Following transformational financings during FY 2025 that delivered net proceeds of over £15 million, Metals One's position has been materially strengthened. The Company's core focus is now on developing a gold business in South Africa and exploring its uranium claims in North America, alongside other majority and minority project interests globally. Core Portfolio Highlights United States uranium - emerging opportunity · Acquired 100% of the Uravan Uranium-Vanadium Project in Colorado and the Squaw Creek Uranium Project in Wyoming, establishing a footprint in historic producing uranium regions · Acquired 75% of the Vanadium Kings, Radium Mountain, and Wedding Bell uranium and vanadium claims - signed agreement to evaluate potential to treat uranium waste dumps with DISA Technologies · Acquired a 35% stake in NovaCore Exploration Inc., advancing the large-scale Red Basin Uranium Project in New Mexico towards maiden drilling Gold - significant and growing exposure at a time of record prices · Acquired a 19.1% stake in Lions Bay Capital Inc. (TSX-V: LBI) and subsequently invested US$1.8 million in Lions Bay Resources by way of convertible loan notes, to advance a vertically integrated South African gold/power strategy anchored by a cogeneration plant in Newcastle with a replacement value of US$39.6 million · Acquired the Swales Gold Property in Nevada's Carlin Trend - one of the world's most prolific gold districts and began initial exploration activities · Acquired a 13.61% stake in Fidelity Minerals Corp (TSX-V: FMN) which is advancing a gold-copper project in Peru's prolific Cajamarca metallogenic belt Graphite/Copper · Acquired a 16.9% stake in Evolution Energy Minerals Ltd (ASX: EV1), gaining exposure to the Chilalo Graphite and Chikundo Copper Projects in Tanzania - Chilalo is one of the few advanced, development...