Metals One PLC (LSE:MET1) has agreed to acquire a 75% interest in two U.S.-based companies holding mineral claims in Colorado and Utah, strengthening its position as a prominent UK-listed uranium explorer. This acquisition supports Metals One’s broader strategy to grow its uranium and vanadium assets in the U.S., critical components in the clean energy transition.
The mineral claims are situated within the Uravan Mining Belt, a historically significant region known for uranium and vanadium production. Metals One also retains the option to acquire the remaining 25% stake, with these projects strategically positioned near existing infrastructure to enable cost-efficient development.
This transaction expands Metals One’s exploration footprint across the Western U.S., reinforcing the company’s commitment to securing domestic sources of vital critical minerals.
About Metals One PLC
Metals One PLC is a minerals exploration and development firm focused on critical and precious metals projects located in stable, low-risk regions. Its portfolio includes uranium, gold, vanadium, copper, nickel, cobalt, zinc, and platinum group metals, with the Black Schist Project in Finland being its most advanced asset.
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