A broker has set a punchy 6.1p price target for shares in Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF) after it unveiled plans to take full ownership of South Africa's Lions Bay Resources (LBR). To put the valuation in context, it is around a 360% premium to the current share price.
Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF), the critical and precious metals developer, has agreed to acquire full ownership of South African gold and power business Lions Bay Resources for £6.5 million in shares, and is bringing in the former chief executive of Harmony Gold (NYSE:HMY) as chair. In a two-stage deal, the company intends to exercise its existing option to lift its stake in L...
Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF) is awaiting a South African High Court ruling on a legal challenge to the business rescue plan for Lions Bay Resources, as the mining business continues to target a return to full operations before the end of 2026. The High Court in Johannesburg heard an application to set aside the rescue plan on 12 October, with the judge reserving judgment afte...
Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF), the critical and precious metals developer focused on gold and uranium, has secured £4 million in gross funding from YA II PN, a fund managed by Yorkville Advisors Global. Yorkville and its affiliates are barred from holding short positions in Metals One shares while the note remains outstanding, and cannot own more than 9.99% of the company's sh...
Lions Bay Resources has rejected a claim by Vantage Goldfields that its proposed acquisition of the Barbrook gold mine in South Africa has failed, describing the statement as false and misleading. The company is owned by Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF), the AIM-listed mining company, and Lions Bay Capital, which trades on the TSX Venture Exchange.
Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF), the critical and precious metals developer, has finalised a first-phase mine plan for the Barbrook gold project in South Africa, targeting first gold concentrate within six months. The company said the phased restart would use the processing plant and infrastructure already in place at the site in Mpumalanga province.
Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF) is on the verge of a transformation, according to Oak Securities, as a corporate consolidation hands it majority control of a developing South African gold and energy business. The broker said a conditional deal for Lions Bay Capital to acquire 100% of Lions Bay Resources would deliver a 237% unrealised value gain for Metals One.
Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF), the critical and precious metals developer, said record gold prices and a tightening uranium market underpinned a strong outlook, after a year of financing left it with the capital to reshape its portfolio. The company raised more than £15 million during 2025, using the balance sheet to pivot towards a South African gold and power business and a ...
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