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Metals One PLC ( (GB:MET1) ) has shared an update.
Metals One PLC has announced a strategic investment of C$750,000 in Lions Bay Capital Inc., acquiring a 19.1% stake. This investment aims to enhance Metals One’s exposure to the gold market through Lions Bay’s plan to refurbish a South African gold processing plant, potentially generating near-term cash flow and positioning the company for future gold acquisitions in the Barberton region.
More about Metals One PLC
Metals One PLC is a minerals exploration and development company with interests in uranium and gold projects. It focuses on critical and precious metals projects in low-risk jurisdictions, driven by the global demand for responsibly sourced raw materials and high gold prices. The company’s shares are listed on the London Stock Exchange’s AIM Market.
Average Trading Volume: 41,186,777
Technical Sentiment Signal: Sell
See more insights into MET1 stock on TipRanks’ Stock Analysis page.