Metals One Expands into Platinum Group Elements with Norwegian Acquisition

The latest update is out from Metals One PLC ( (GB:MET1) ).

Metals One PLC has signed a binding term sheet for the conditional acquisition of Mjolner Minerals AS, which owns the Lillefjellklumpen Project in Norway. This acquisition marks a strategic expansion into platinum group elements, complementing the company’s existing assets in nickel and copper. The project, known for its high-grade platinum group elements, gold, nickel, and copper mineralization, offers significant upside potential at a low entry cost. The acquisition aligns with Metals One’s strategy of acquiring critical minerals assets with historical pedigree and discovery potential, enhancing its footprint in Norway and reinforcing its position in the critical minerals market.

More about Metals One PLC

Metals One PLC is a minerals exploration and development company listed on the London Stock Exchange’s AIM Market. The company focuses on critical minerals essential for the clean energy transition, including copper, nickel, cobalt, zinc, uranium, and vanadium. Metals One has a portfolio of projects in Northern Europe and North America, aiming to meet the demand for strategic minerals sourced from these regions.

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Technical Sentiment Signal: Strong Buy

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