Metals One PLC (LSE:MET1) has expanded its ownership in NovaCore Exploration Inc. to 35% following an investment of around US$297,000. The additional funding is intended to fast-track the initial drilling phase at the Red Basin Uranium Project, located in New Mexico. This strategic step supports Metals One’s ambition to strengthen its footprint in high-potential uranium ventures across the western United States, an area believed to hold substantial untapped uranium resources.
In parallel, the company has secured approximately £6 million through the exercise of Cash Warrants, enhancing its financial position and enabling continued growth across its exploration portfolio.
About Metals One PLC
Metals One PLC is an exploration and development firm focused on securing and advancing critical and precious metal assets in politically stable regions. With active projects in the United States, Finland, and Norway, the company is involved in the exploration of a diverse range of commodities, including uranium, gold, vanadium, copper, nickel, cobalt, zinc, and platinum group metals. Its flagship asset is the Black Schist Project in Finland. Metals One is listed on the AIM market of the London Stock Exchange.
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