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The latest announcement is out from Metals One PLC ( (GB:MET1) ).
Metals One PLC has acquired a strategic shareholding in Evolution Energy Minerals and agreed to underwrite part of Evolution’s Rights Issue, marking a significant diversification into the graphite sector. This move provides Metals One with exposure to the Chilalo Graphite Project in Tanzania, a development-ready project with strong economic potential and binding offtake agreements. The investment aligns with the growing demand for graphite, driven by its critical role in lithium-ion batteries and the global energy transition, positioning Metals One advantageously amid U.S. tariffs on Chinese graphite imports.
More about Metals One PLC
Metals One PLC is a critical and precious metals exploration and development company, focusing on projects in low-risk jurisdictions. The company is listed on the London Stock Exchange’s AIM Market and is involved in various projects across the globe, dealing with commodities such as uranium, nickel, copper, PGE, gold, and now graphite, following its recent strategic investment.
Average Trading Volume: 42,464,824
Technical Sentiment Signal: Sell
Learn more about MET1 stock on TipRanks’ Stock Analysis page.