Metals One Plc (LSE:MET1) has increased its equity position in AIM-listed Fulcrum Metals Plc, lifting its stake to 6.33% after exercising 2,916,667 warrants at an exercise price of 5p. This brings Metals One’s total holding to 8,750,000 shares. As part of the transaction, the company also received additional warrants over 1,458,334 shares, exercisable at 10p over the next 18 months.
The increased exposure strengthens Metals One’s alignment with Fulcrum’s cyanide-free metals recovery technologies and its Teck-Hughes and Sylvanite mine tailings projects in Canada. Ongoing operational progress at Fulcrum, combined with a share price that has more than doubled, has already generated an unrealised gain of over 100% on Metals One’s original £175,000 investment. The move highlights Metals One’s strategy of targeting environmentally focused metals assets with clear potential for value creation.
More about Metals One Plc
Metals One Plc is a London AIM- and US OTCQB-listed developer and investor in critical and precious metals projects. The company is building a strategic portfolio aligned with Western demand for responsibly sourced raw materials, a strategy currently supported by historically high gold prices.
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