Metals Exploration Raises Equity Through Option Exercises and Updates Voting Rights

An announcement from Metals Exploration ( (GB:MTL) ) is now available.

Metals Exploration PLC has received notices for the exercise of options over 18,815,760 new ordinary shares, at an average price of £0.0103, raising approximately £193,627 in fresh equity. The new shares are expected to be admitted to trading on AIM around 23 January 2026, taking the company’s issued share capital to 3,259,097,368 ordinary shares, of which 299,385,458 are held in treasury, leaving 2,959,711,910 voting shares in circulation. The updated share count and voting rights figure will be used by investors to assess disclosure thresholds and any required notifications under UK transparency rules.

The most recent analyst rating on (GB:MTL) stock is a Hold with a £16.50 price target. To see the full list of analyst forecasts on Metals Exploration stock, see the GB:MTL Stock Forecast page.

Spark’s Take on GB:MTL Stock

According to Spark, TipRanks’ AI Analyst, GB:MTL is a Neutral.

Metals Exploration’s overall stock score reflects strong financial performance and positive corporate developments, particularly in project expansion and operational resumption. However, the negative P/E ratio and recent production guidance revision due to external disruptions weigh on the score. Technical indicators suggest moderate momentum, aligning with the overall cautious outlook.

To see Spark’s full report on GB:MTL stock, click here.

More about Metals Exploration

Metals Exploration PLC is a gold producer, development and exploration company with mining assets in the Philippines and Nicaragua, focused on advancing its portfolio of gold projects and maintaining a listing on London’s AIM market.

Average Trading Volume: 6,540,737

Technical Sentiment Signal: Buy

Current Market Cap: £444.1M

Learn more about MTL stock on TipRanks’ Stock Analysis page.