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Metals One PLC ( (GB:MET1) ) just unveiled an announcement.
Metals One PLC announced a strategic investment of up to US$1.8 million in Lions Bay Resources through convertible loan notes. This investment is aimed at modifying a cogeneration plant in South Africa to produce power, steam, and roast refractory gold concentrates, potentially creating a new revenue stream by processing material from regional mines. The initiative is part of a broader strategy to acquire regional gold mining and tailings assets, positioning Metals One and Lions Bay Resources as significant players in the South African gold industry.
More about Metals One PLC
Metals One PLC is a company focused on the exploration and development of critical and precious metals projects. It aims to support the Western World’s demand for responsibly sourced raw materials, particularly in light of record high gold prices. The company’s shares are traded on the London Stock Exchange’s AIM Market and the OTCQB Venture Market in the United States.
Average Trading Volume: 11,328,003
Technical Sentiment Signal: Sell
Current Market Cap: £26.1M
Learn more about MET1 stock on TipRanks’ Stock Analysis page.