Metals One PLC (LSE:MET1) has completed its acquisition of the Uravan Uranium-Vanadium Project in Colorado, reinforcing its strategic foothold in the North American critical minerals sector. Located in a region with a rich mining history, the Uravan project adds valuable uranium and vanadium assets to the company’s portfolio—both essential elements for advancing global clean energy technologies.
The acquisition supports Metals One’s mission to develop key mineral resources critical to energy transition initiatives. An active exploration program is now underway to verify historical data and guide potential future development. Based on results, a second-phase drilling campaign may be launched in late 2025.
Alongside this operational update, the company also announced board changes. Winton Willesee has stepped down as a director, and a search is in progress to appoint a new independent non-executive director to support Metals One’s evolving governance needs.
About Metals One PLC
Metals One is a UK-listed mineral exploration and development firm focused on securing and advancing projects that supply essential materials for the clean energy transition. With active operations in Finland, Norway, and the United States, the company’s portfolio spans a diverse mix of critical minerals including copper, cobalt, nickel, uranium, vanadium, zinc, and platinum group metals.
Leave a Reply