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Metals One PLC ( (GB:MET1) ) has provided an update.
Metals One PLC has announced a strategic investment of CA$500,000 in Fidelity Minerals Corp, acquiring a significant stake in the Las Huaquillas gold, copper, and silver project in Northern Peru. This investment is part of a larger CA$1,500,000 private placement by Fidelity, which will enhance Metals One’s exposure to large-scale mineral projects. The Las Huaquillas Project, located in a prolific metallogenic belt, offers promising potential with historical resources and ongoing exploration efforts. This move is expected to strengthen Metals One’s position in the critical and precious metals industry, providing opportunities for growth and value creation.
More about Metals One PLC
Metals One PLC is a company focused on the exploration and development of critical and precious metals projects. The company aims to address the Western World’s demand for reliably and responsibly sourced raw materials, capitalizing on record high gold prices. Metals One’s shares are traded on the London Stock Exchange’s AIM Market.
Average Trading Volume: 35,865,762
Technical Sentiment Signal: Sell
See more insights into MET1 stock on TipRanks’ Stock Analysis page.