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Metals One PLC ( (GB:MET1) ) has provided an update.
Metals One has formally applied to the European Union for Strategic Project designation for its Black Schist nickel-copper-cobalt-zinc project in eastern Finland, centring on the Rautavaara (R1) deposit within the Kainuu Schist Belt. The company aims to use this designation to help advance R1 from Preliminary Economic Assessment to pre-feasibility and permitting, leveraging positive project economics, existing JORC-compliant resources, proximity to Finnish processing infrastructure and manageable environmental risks. Strategic Project status under the EU’s Critical Raw Materials Act is expected to provide streamlined permitting, improved access to EU-aligned financing and technical support, and closer engagement with EU institutions and potential downstream partners, positioning Metals One to contribute to Europe’s security of supply for strategic battery metals amid rising geopolitical tensions and limited current nickel production within the bloc.
More about Metals One PLC
Metals One PLC is a critical and precious metals exploration and development company listed on AIM in London and on the OTCQB in the US. The company is building a strategic portfolio of projects and investments focused on responsibly sourced raw materials vital to the Western world’s energy transition and security of supply, as well as benefiting from record high gold prices.
Average Trading Volume: 12,011,470
Technical Sentiment Signal: Sell
Current Market Cap: £18.76M
See more data about MET1 stock on TipRanks’ Stock Analysis page.