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An update from Metals One PLC ( (GB:MET1) ) is now available.
Metals One PLC has increased its stake in Evolution Energy Minerals to 16.9% by acquiring 52,985,000 shares through an oversubscribed Rights Issue, investing A$529,850. This move enhances Metals One’s strategic position in the graphite market, particularly with Evolution’s Chilalo Graphite Project in Tanzania, which is poised to supply markets outside of China with strong ESG credentials and government support.
More about Metals One PLC
Metals One PLC is a company focused on the exploration and development of critical and precious metals projects in low-risk jurisdictions. The company is driven by the Western World’s demand for reliably and responsibly sourced raw materials and benefits from record high gold prices. Metals One’s shares are listed on the London Stock Exchange’s AIM Market.
Average Trading Volume: 41,849,128
Technical Sentiment Signal: Sell
See more insights into MET1 stock on TipRanks’ Stock Analysis page.