Metals One PLC (GB:MET1) has released an update.
Metals One PLC, a company focused on strategic metals projects in Finland and Norway, has successfully raised £895,000 through new share issuance to fund the development of its Finland Black Schist Ni-Zn-Cu-Co Project. This capital injection will also enable the company to potentially reacquire 100% ownership of the project by terminating a farm-in agreement with Gunsynd PLC. The funds are intended to advance the resource upgrade program of the Black Schist Project, which boasts a significant JORC Inferred Resource adjacent to Europe’s largest nickel mine.
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