Metals One Plc (LSE:MET1) has expanded its partnership with DISA Technologies to assess and potentially process eight abandoned uranium mine waste dumps at its wholly owned Uravan Belt Uranium-Vanadium Project in Colorado. The initiative is aimed at recovering uranium and other critical mineral concentrates from historic mining waste.
Under the agreement, DISA will use its patented High-Pressure Slurry Ablation technology through modular mobile processing plants. The company will manage operations and cover all costs associated with permitting, evaluation, treatment, and site remediation. Metals One will receive a gross revenue share ranging from 2.5% to 4.0% from concentrate sales without incurring capital or operating expenditure obligations.
Historic Waste Material Shows High Uranium Grades
The Uravan Project, which Metals One acquired in 2025, is located within a historically productive uranium and vanadium mining district in Colorado. Rock chip sampling from legacy waste material has returned uranium grades of up to 4.17%, highlighting the potential economic value contained within the abandoned dumps.
The partnership also benefits from DISA’s remediation expertise and licensing framework under the U.S. Nuclear Regulatory Commission. The project aligns with broader U.S. government support for the recovery of critical minerals from legacy mine waste, potentially providing Metals One with a near-term and lower-risk revenue opportunity while advancing environmentally focused resource development.
More About Metals One PLC
Metals One Plc is a developer and investor in critical and precious metals projects, with a portfolio spanning early-stage exploration assets and a vertically integrated gold strategy in South Africa. Listed on AIM in London and on the U.S. OTCQB market, the company is pursuing a strategy that integrates power, mining, and mineral processing operations across its asset base.
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