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Metals One shifts focus to gold and uranium after £15m raise, eyeing strong market outlook.

Market News
01 Jul 2026
Proactive Investors
View Source
Bullish
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Metals One PLC raised over £15 million in 2025 to pivot its portfolio towards South African gold and US uranium projects, driven by record gold prices and a tightening uranium market. The company formed a vertically integrated gold strategy with Lions Bay Capital, including a cogeneration plant and the Barbrook gold assets, with Lions Bay set to increase its stake to 54.3%. Metals One also expanded uranium claims in the US and acquired stakes in gold and battery metals projects. Despite write-downs on nickel assets, the company holds £19.27 million in net assets and £8.3 million cash, focusing on derisking and advancing projects to unlock shareholder value.

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