Metals One PLC (LSE:MET1) has acquired a strategic stake in Evolution Energy Minerals and committed to underwriting part of Evolution’s Rights Issue, marking a key diversification into the graphite sector. This investment gives Metals One exposure to the Chilalo Graphite Project in Tanzania, a development-ready asset with strong economic potential and binding offtake agreements. The move positions the company to benefit from rising graphite demand, driven by its essential role in lithium-ion batteries and the broader energy transition, while mitigating risks from U.S. tariffs on Chinese graphite imports.
In addition, Metals One has partnered with DISA Technologies to process uranium waste dumps in Colorado, aiming to generate revenue from uranium and other critical minerals. Using DISA’s patented High-Pressure Slurry Ablation technology, the initiative recovers saleable uranium and minerals without requiring capital or operational expenditure from Metals One. This project aligns with U.S. government initiatives to boost domestic critical mineral production, offering both environmental improvements and potential revenue growth.
About Metals One PLC
Metals One PLC is a London AIM-listed exploration and development company specializing in critical and precious metals projects in low-risk jurisdictions. The company’s portfolio spans uranium, nickel, copper, PGE, gold, and now graphite, reflecting its strategy to target high-value commodities and diversify operations globally.
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