Metals One Secures 30% Stake in South Africa’s Lions Bay Resources

Metals One PLC ( (GB:MET1) ) just unveiled an update.

Metals One has converted US$1.8 million of convertible loan notes into a 30% equity stake in South Africa’s Lions Bay Resources, which was formed to build a vertically integrated gold business. Lions Bay Resources, backed by experienced Salamander Mining executives, now owns a cogeneration plant in Newcastle’s Karbochem Industrial Park with a replacement value of US$39.6 million and three potential revenue streams in power, steam and gold roasting.

The plant, acquired after settling a US$1.36 million balance, is expected to need about US$4.5 million to restart electricity and steam output, positioning it as a potential low-cost provider for Metals One and its partners. Metals One has also entered a shareholders’ agreement giving it customary governance rights, and the investment is strategically linked to Lions Bay’s plan to acquire the Vantage Goldfields assets in South Africa’s Barberton region, which could significantly expand Metals One’s exposure to gold production if the transaction progresses.

More about Metals One PLC

Metals One Plc is a London AIM- and U.S. OTCQB-listed developer and investor in critical and precious metals projects, focused on supplying reliably and responsibly sourced raw materials amid strong gold prices. The company builds a strategic portfolio of mining and related infrastructure assets, targeting opportunities aligned with Western demand for secure metals supply chains.

Average Trading Volume: 6,400,630

Technical Sentiment Signal: Sell

Current Market Cap: £20.15M

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