Metals One Plc (LSE:MET1) has announced an expansion of its initial Phase 1 exploration program at the Uravan Uranium-Vanadium Project, located in Colorado’s prolific Uravan Mineral Belt. The company has increased its geophysical survey coverage from a one-mile radius to three miles, intensifying efforts to evaluate uranium potential within the Morrison and Chinle geological formations.
The expanded program incorporates detailed geophysical grid surveys, geological mapping, and targeted sampling, designed to validate historical data and establish a robust foundation for a possible Phase 2 drilling campaign. This strategic enhancement of the exploration area aims to confirm the presence of uranium mineralization and refine resource estimates.
This development could significantly strengthen Metals One’s foothold in the uranium sector, bolstering its resource base and enhancing its prospects in the critical minerals market amid rising demand for clean energy-related materials.
About Metals One Plc
Metals One is a mineral exploration and development company focused on sourcing critical metals and gold from stable, low-risk jurisdictions. The firm’s project portfolio spans several countries, including the USA, Finland, and Norway. Its exploration targets include copper, nickel, cobalt, zinc, uranium, vanadium, and platinum group metals—key commodities driving the transition to sustainable energy solutions. Metals One is publicly traded on the AIM Market of the London Stock Exchange.
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