Placement to Institutional and Refined Traders, Appointment of Joint Dealer,Difficulty of Fairness & TVR

Metals One (AIM: MET1, OTCQB: MTOPF), a important and treasured metals exploration and improvement firm, is happy to announce it has efficiently raised gross proceeds of £4.4 million (earlier than bills) by means of a inserting of latest bizarre shares with institutional and complicated traders (the “Putting”).

The Putting contains the problem of 220,000,000 new bizarre shares of £0.01 every (“Putting Shares”) at a value of £0.02 per share. The closing mid-market value on 3 December 2025 was £0.034. The Putting Shares symbolize roughly 26% of the Firm’s present issued share capital. Because of demand the Putting was upsized to utilise the Firm’s complete headroom capability.

Use of Proceeds

The Putting proceeds might be utilized primarily to the Lions Bay Sources (“LBR”) transaction as introduced by the Firm on 27 November 2025 and basic working capital. The Firm is within the strategy of agreeing mortgage funding with LBR to be utilized by LBR in direction of refurbishing a cogeneration plant (the “Plant”) situated in South Africa. The Firm understands LBR can also be within the strategy of figuring out potential mining belongings situated in South Africa that will go well with the supposed gold roasting configuration on the Plant. Additional bulletins might be made by the Firm in respect of the LBR transaction sooner or later.

Topic to receipt of a Competent Individual’s Report and the configuration to be adopted, it’s anticipated that the Plant would require roughly US$4.5 million to restart manufacturing of steam and energy. LBR expects to obtain the ultimate Competent Individual’s Report for the Plant by mid-December.

Appointment of Joint Dealer

Oak Securities is appearing as agent for and on behalf of the Firm in reference to the Putting and has been appointed as joint dealer to the Firm with fast impact.

Complete Voting Rights

Utility might be made to the London Inventory Trade for the Putting Shares to be admitted to buying and selling on AIM (the “Admission”). Admission is predicted to happen at 8.00 a.m. on or round 11 December 2025.

Following Admission, the Firm’s complete issued share capital will encompass 1,059,946,460 bizarre shares with voting rights connected. The Firm doesn’t maintain any bizarre shares in treasury. This determine could also be utilized by shareholders within the Firm because the denominator for the calculations by which they are going to decide if they’re required to inform their curiosity in, or a change of their curiosity in, the Firm below the FCA’s Disclosure Steerage and Transparency Guidelines.

Daniel Maling, Managing Director of Metals One, commented:

“It is pleasing to see institutional funding help for our Lions Bay Sources gold improvement technique in South Africa. Having further capital ring-fenced to facilitate the purchase and construct plan might be key throughout upcoming negotiations and can very nicely place the Firm.

We’ve a busy interval forward of us and I sit up for offering additional updates on our progress within the weeks forward.”

Enquiries:

About Metals One

Metals One is pursuing a strategic portfolio of important and treasured metals tasks and investments underpinned by the Western World’s pressing want for reliably and responsibly sourced uncooked supplies – and document excessive gold costs. Metals One’s shares are listed on the London Inventory Trade’s AIM Market (MET1) and on the OTCQB Enterprise Market in the USA (MTOPF).

Map of Metals One tasks/investments

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Market Abuse Regulation (MAR) Disclosure

The knowledge set out under is supplied in accordance with the necessities of Article 19(3) of the Market Abuse Laws (EU) No. 596/2014 which kinds a part of UK home regulation by advantage of the European Union (Withdrawal) Act 2018 (‘MAR’).

Nominated Adviser

Beaumont Cornish Restricted (“Beaumont Cornish”) is the Firm’s Nominated Adviser and is authorised and controlled by the FCA. Beaumont Cornish’s duties because the Firm’s Nominated Adviser, together with a duty to advise and information the Firm on its duties below the AIM Guidelines for Firms and AIM Guidelines for Nominated Advisers, are owed solely to the London Inventory Trade. Beaumont Cornish just isn’t appearing for and won’t be accountable to every other individuals for offering protections afforded to clients of Beaumont Cornish nor for advising them in relation to the proposed preparations described on this announcement or any matter referred to in it.

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