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Directors buying again .
Metals One, which is advancing battery metal projects at brownfield sites in Finland and Norway, announces that the Company was informed on 26 October 2023 of the following purchases of ordinary shares £0.01 each in the capital of the Company ("Ordinary Shares") by certain directors of the Company.
Strategic Highlights
· European brownfield battery metals projects with approximately £9 million of exploration carry exposure through farm-in agreements
· Projects are either adjacent or analogous to other world-class high-purity nickel sulphate deposits
· Projects are well-located to supply Europe's major electric vehicle Original Equipment Manufacturers ("OEMs") and battery manufacturers
Finland - Black Schist Project (nickel, copper, cobalt, zinc)
Car production has reached almost 660,000 so far this year, around 14.9% above the same period in 2022.
The SMMT said there had been notable growth in deliveries to the US, China and Turkey, although the EU continues to be Britain’s leading trading partner “by some distance”, with 37,563 UK-built cars shipped to the bloc last month.
The SMMT warned that tougher rules of origin for batteries come into force in January which, if fully passed on, would raise the average cost of UK-built battery electric vehicles by £3,600 in Europe.
Mike Hawes, SMMT chief executive, said: “A particularly strong period of car making is good news for the UK, given the thousands of jobs and billions of pounds of investment that depend on the sector.
“With countries around the world shifting to zero-emission motoring, Britain is well placed to be a global EV manufacturing hub if the investment and trading conditions are right.
“Given the increasing importance of electrified car production, the first and urgent step is for the UK and EU to agree to delay the tougher rules of origin requirements that are due imminently.
“This would give the necessary breathing space for automotive sectors on both sides of the Channel to scale up gigafactories and green supply chains, both of which are essential for a stable, long-term transition.”
Battery metals are underpinning decarbonisation, particularly of transportation. These metals are going to be needed at scales far beyond current supply and that is driving up the value of metals such as nickel. Without new sources of battery metals being identified and brought to market, this imbalance is set to grow year on year and may significantly impede progress towards carbon net zero.
Europe is leading the way in EV adoption and OEMs need to secure supply from ethically mined sources.
Next few RNS,s will take Metal one back over 5s .
Mr ZAk going for 5.6p
https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-monday-23rd-october-2023/
Great RNS
Metals One PLC - London-based firm advancing battery metal projects at brownfield sites in Finland and Norway - Announces that the SRH Rana project partner and operator, Kingsrose Mining Ltd, has reported results from the first two holes drilled at the Ranbogen prospect and a further hole at Bruvann as part of the 5,000 metre diamond drilling programme. Notes drilling has delivered high-grade massive sulphide nickel, cobalt and copper mineralisation in both holes over an interpreted strike length of 150 metres, within a previously undrilled area which is open along strike and down dip.
Jonathan Owen, chief executive, says: "We are pleased to report that our SRH Rana project partner Kingsrose has discovered a new high-grade, relatively shallow nickel-copper sulphide zone at the Ranbogen prospect. These results, including the interception of two stacked zones of sulphide mineralisation, confirm the scale potential of the Rana intrusion, with the exposed lower zone underexplored and highly prospective."
Fantastic RNS , how many times was (massive ) used . Back to over 5p soon with more updates
3p to buy 5p to float , directors should start to buy again and mop up a few
Looks like a few buying , hopefully a new RNS about to drop .
A valid concern to flag in general, but hopefully less of a concern in this specific case. These projects are in established mining areas where communities with mining expertise should welcome the employment potential.
Metals One (MET1), which is advancing battery metal projects, announced that the company’s Råna Project partner and operator Kingsrose Mining Limited (ASX: KRM) has completed the acquisition and interpretation of magnetotelluric geophysical surveys (Spartan MT) at the Rånbogen prospect. MET1 said it was delighted to announce results from geophysical surveying at Rånbogen, one of three priority prospects at our Råna Project. Utilising modern geophysical techniques never previously deployed on the area, our partner Kingsrose has identified highly conductive zones which demonstrate potential for massive nickel-copper-cobalt sulphide mineralisation, further supporting that the Råna intrusion is highly prospective for a significant nickel deposit.
They need to get some pounds in Metals one
https://www.bbc.co.uk/news/articles/cjezvydnrezo
Great first RNS from this company. Only been listed a week.
Whilst the fact is EU and Europe generally needs to produce more metals and oil due the geopolitical situation I worry that the wokesters will hinder projects.
I use the World leading Salamander uranium project as an example.
Last few under 5p
Did I beat you to it :-)
Picked up a few earlier @ 4.8
Looks good
Don't give me that watching this one nonsense - -you just wanted to be the first poster
Will be watching this 1.