Member Info for andymlloyd

RNS Number : 0341W

Fulcrum Metals PLC

10 March 2026

Now looking to monitor:

• cash position in next update

• new exploration activity

• director buying

GLA DYOR (Be Nice to Each Other)

Another cracker of an RNS, if you read between the lines.

MET1 have just upped their stake in Fulcrum Metals (FMET) to 6.33% by exercising warrants at 5p — not selling, not trimming… doubling down.

This tells us:

Initial £175k investment is now up over 100% (unrealised)

FMET share price has more than doubled in ~6 months

MET1 are confident enough to:

Increase exposure now

Take new warrants at 10p valid for 18 months (i.e. expecting much higher prices ahead)

This isn’t retail punt behaviour, this is strategic capital allocation.

And Fulcrum isn’t just another junior either:

Cyanide-free metal recovery (ESG box ticked )

Reprocessing mine tailings (low capex, high margin potential)

Canada-based projects (Teck-Hughes & Sylvanite)

Using proven tech from Extrakt Process Solutions

Read the MD quote carefully, he’s basically telling you:

Progress is real, price action is justified, and the next stage is coming.

Meanwhile MET1 holders get:

NAV uplift

Exposure to a second critical metals story

Optionality via 10p warrants

Proof management can pick winners and monetise early

For a company that’s still massively undervalued on its own projects, this is exactly the sort of RNS that often gets ignored, right before the market wakes up.

DYOR (Be Nice to Each Other, Cue the Muppets)

MET1 quietly executing the smart money playbook here 👀

Just offloaded 7.5m CTL shares for £745k at ~100% profit and still holding 12.85m shares (6.33% stake) PLUS 20m warrants to 2030 at 6p.

That’s textbook portfolio management; take profit into demand, keep massive upside exposure. Exactly what you want from a strategic metals investment vehicle.

CTL pushing towards Final Investment Decision in Chile and MET1 still fully leveraged to success, but now with extra cash in the bank.

This shows MET1 isn’t just drilling holes, they’re actively managing capital like a mini fund, rotating winners while keeping moon shot optionality.

Lithium cycle hasn’t even started properly yet. When sentiment flips, having equity + long-dated warrants could be explosive.

Smart management, de-risking, and still huge upside. MCAP vs portfolio value starting to look silly.

DYOR (Be Nice to Each Other, Cue the Nuggets)

MET1 – The Race for Critical Minerals is ON and Metals One is quietly positioning itself for the next commodity super cycle.

Just had a proper read through the investor materials and this is shaping up to be one of those deep value, multi-bagger asymmetric plays that the market is still asleep on.

🔹 Critical metals focus

Metals One is building a diversified portfolio across copper, nickel, cobalt, uranium, gold, lithium, graphite and vanadium, exactly the metals the West desperately needs for electrification, defence and energy security.

🔹 Finland Black Schist Ni-Cu-Co-Zn Project

Massive battery metals exposure in a Tier 1 jurisdiction with infrastructure already in place. Europe wants secure domestic supply chains, this project is perfectly located to benefit from EU Critical Raw Materials Act support and funding.

🔹 Transformational portfolio expansion

2025 financings allowed MET1 to expand into uranium (US), gold (Nevada & South Africa), lithium (Chile), graphite (Tanzania) turning the company into a multi-commodity strategic metals play.

This diversification massively de-risks the story

🔹 Strategic investments & buy-and-build

Recent deals like Lions Bay Resources show MET1 isn’t just drilling holes, they’re building a portfolio with production optionality and near-term catalysts. Smart capital allocation for a micro-cap.

🔹 Macro tailwinds

Global demand for responsibly sourced critical minerals is exploding. Governments are throwing money at supply chain security. MET1 is literally aligned with defence, EV, AI and infrastructure megatrends.

🔹 Tiny market cap vs potential

Current valuation is peanuts compared to the asset optionality. These types of critical metals platforms have gone 10x–100x in past cycles when sentiment flips.

💥 Bottom line

MET1 is morphing into a strategic critical minerals investment vehicle with huge optionality.

When the market wakes up to critical metals scarcity and Western supply security, these plays don’t stay at penny levels for long.

DYOR (Be Nice to Each Other, Cue the Normal Nuggets)

Very positive step here, despite some trying to downplay it ( I understand mining )

MET1 formally applying for EU Strategic Project status under the Critical Raw Materials Act is not box-ticking — it’s a clear signal of intent and credibility.

Key points people are missing:

• This follows a positive PEA with post-tax NPV at 5% and 8% already published

• R1 is JORC-compliant, 100% owned, and in Finland — one of the lowest-risk mining jurisdictions in the world

• Strategic designation is aimed at accelerating PFS, permitting and funding, not some distant dream

• EU wants domestic supply of battery and defence metals — cobalt, copper and nickel tick those boxes

• Access to EU funding, technical assistance and streamlined permitting is a game changer at this stage

Nickel not being “officially” critical in the EU is a red herring. The RNS spells it out clearly that Europe produces virtually none, Indonesia has banned ore exports, and the US already classifies it as critical. Direction of travel is obvious.

Also important: focus on R1 first, with P5 kept as upside optionality. That’s disciplined capital allocation, not a negative.

Bottom line for me:

This RNS is about de-risking, positioning, and aligning with EU strategic priorities. You don’t apply for Strategic Project status unless the economics, jurisdiction and infrastructure stack up. Market may shrug short term — but this is exactly how serious projects move from explorer to developer.

DYOR ( and be nice to each other.... cue the usual suspects )

yes, it’s a discounted placing. that’s aim.

but look at what the money is for and who’s just piled in.

£4.4m raised from institutions and sophisticated investors — not mates rounds, not back-of-a-***-packet financing. insto's have just put real money behind the lions bay strategy.

and not a limp raise either: “upsized due to demand.”

that tells you appetite exceeded what met1 could legally issue. this wasn’t rescued — it was expanded.

look at the use of funds: this isn’t paying wages or plugging holes.

this is capital to:

• secure the lbr transaction

• fund plant restart

• position for mining asset acquisitions

• move met1 from explorer → operator

that’s value creation funding.

the plant needs approx. $4.5m to restart. they’ve now raised most of it in one go.

risk massively reduced.

next big catalyst is obvious: competent person’s report by mid-december.

that report determines:

• true asset value

• production viability

• timescales

• economics

get that right and this raise suddenly looks very clever.

also quietly bullish: new joint broker appointment.

that means:

• more institutional exposure

• more liquidity

• better capital access

• stronger support

short term pain? yes.

but dilution used to build something is not failure — it’s investment. the market is acting like met1 just funded survival.

this rns actually funded expansion. not every placing is bad.

this one funds an asset flip into processing, generation and vertical integration.

watch what happens when cpr drops. that’s when sentiment shifts.

dyor — but this does not read like a company in trouble. it reads like a company getting serious. (gla be nice to each other)

(bring in the bears....you will and always will be ignored)

LongTerm"Investor"

The clue was in the RNS, that you didn't read; but hey-ho you are an amusement :-)

"Metals One remains well financed with *** over £9 million in cash and liquid investments *** . Our network and ready access to capital enables us to facilitate downstream acquisitions such as this. We look forward to providing further updates on the growth opportunities with Lions Bay Resources in the coming months."

GLA DYOR Be kind to each other.

This is not another “hope and drill” story — this is real infrastructure, real cashflow potential and serious mining pedigree.

Let’s break it down:

They’re putting up to US$1.8m into Lions Bay Resources, backed by a first-ranking secured convertible, at 10% interest, with the option to RUN IT AS DEBT OR CONVERT into equity. That alone is smart capital discipline.

They’re effectively gaining control of a cogeneration + gold processing plant in South Africa with a replacement value of US$39.6m for a restart capex of just US$4.5m.

That’s insane asset leverage.

This thing already has:

• 2x industrial boilers

• 6MW turbine

• Full infrastructure

• Substation

• Storage

• Offtake discussions in progress

And then the BIG upside:

They are adding a gold roasting facility to process refractory gold locally instead of shipping concentrates to Asia.

That turns MET1 from:

an explorer into a vertically integrated producer + processor, this is how proper mining companies are built.

SALAMANDER MANAGEMENT TEAM If anyone’s glossing over this, don’t.

This includes:

• Ex-CEO of Harmony Gold

• Founder & former CEO of Theta Gold

You don’t get executives like this joining lifestyle juniors.

These guys come to build VALUE.

OWNERSHIP STRUCTURE IS BRILLIANT

MET1 immediately gets:

✅ 5% equity on entry

✅ Up to 30% ownership on conversion

✅ SECURED BY ASSETS

✅ Ability to FORCE drawdown

✅ Cash redemption if needed

No dilution on MET1 shareholders today. No risk of structural weakness. No downside asymmetry.

This is how you deploy cash PROPERLY.

And speaking of cash…MET1 still has over £9m in the bank AFTER this investment.

That means:

• No funding panic

• No reckless dilution

• No balance sheet risk

And gold…Do not forget we’re entering a precious metals bull cycle.

War. Debt. Inflation. Fiat devaluation.MET1 has just pivoted hard into a sector investors chase when confidence collapses.

Exploration + processing + power + infrastructure = optionality on steroids.

This is the sort of RNS that doesn’t spike on day one, but quietly rerates you MONTHS later

IMO this is one of the smartest strategic moves I’ve seen on AIM this year.

If you’re looking for a ramp — this ain’t it.

If you’re looking for VALUE + leverage + asset backing + cashflow potential…This is EXACTLY where you look.

DYOR — be nice to each other.

Another solid update from CleanTech Lithium (CTL) this morning — and remember, Metals One (MET1) holds 10.7% of CTL, so this isn’t background noise; it’s direct value uplift.

The Laguna Verde project has now jumped 17% in total lithium resource, up to 1.9 million tonnes LCE, with a strong 0.84Mt in the Measured + Indicated category. That’s JORC-compliant and backed by respected consultants Montgomery & Associates.

Even more interesting — Laguna Verde is one of only six salars the Chilean Government has prioritised for private-sector development under the new lithium strategy. Once the CEOL (Special Lithium Operating Contract) process is finalised, CTL could be fast-tracked into production planning.

For MET1, this adds significant weight to the investment portfolio:

Exposure to a top-tier DLE lithium play in a country now officially opening the door for private development.

CTL’s growing resource base adds clear asset value to Metals One’s 10.7% stake.

With CTL’s PFS underway, we’re getting closer to a maiden reserve and commercial valuation scenario.

Laguna Verde is shaping up as a major lithium asset — and MET1 is quietly holding a meaningful slice of the action.

If you believe in the EV and battery metals story, this RNS underlines why MET1 could be a smart, leveraged way to play it.

DYOR and be kind to each other!!

....Also... :-) Metals One’s 16.9% investment in Evolution Energy Minerals (EV1) is looking smarter by the day as Evolution fast-tracks its flagship Chilalo Graphite Project in Tanzania! 🇹🇿

🔥 FIRST ORE PRODUCTION TARGET: OCTOBER 2027 — that’s a major acceleration and signals real intent to push Chilalo into near-term cash flow territory.

📈 Key Highlights:

✅ Accelerated development schedule confirmed with Tanzanian Government support.

✅ Resource expansion drilling underway to upgrade and grow Chilalo’s graphite resource.

✅ Funding discussions advancing with African, European, and Middle Eastern banks.

✅ Downstream processing studies in progress – potential for value-add graphite products.

✅ Additional exploration at Chikundo Copper Project also lined up.

💥 What this means for Metals One:

A 16.9% stake in a company bringing one of Africa’s most advanced graphite projects into production two years faster than expected.

Exposure to a critical battery metal at a time when graphite is front and centre of global EV supply chain diversification.

Strategic positioning outside China with ESG backing and Tanzanian Government support – exactly where investors want exposure right now.

Dan Maling nailed it:

“Chilalo is strategically positioned to benefit from global supply diversification on graphite…”

MET1 continues to quietly stack serious critical minerals exposure – uranium, graphite, copper – all moving toward production timelines.

From waste to wealth… from early exploration to near-production assets.

🧱 Building long-term value one milestone at a time.

#MET1 #EV1 #Graphite #Tanzania #CriticalMetals #BatteryMaterials #EnergyTransition

Huge step forward today as Metals One signs a Binding Agreement with DISA Technologies, who just secured the first ever US NRC licence to remediate uranium mine waste. That’s right – they can now legally treat and extract uranium + critical minerals from abandoned US mine dumps! 🇺🇸⚛️

Key takeaways:

✅ Binding deal signed – Standard Minerals (MET1’s 75%-owned sub) gets a gross revenue share from ALL uranium & critical minerals recovered.

✅ Zero capex / opex for MET1 – DISA pays the lot, including permitting, treatment & remediation.

✅ 13 waste dumps already surveyed, more to come.

✅ Sliding revenue share up to 4% depending on metal prices – this is pure upside.

✅ DISA’s patented HPSA tech removes ~90% of uranium & radium content – proven in EPA testing.

✅ Environmental win + commercial upside = perfect ESG story for US uranium. 🌍💰

👉 Translation: Metals One could generate revenue from its US uranium assets without spending a penny, while helping to clean up America’s old uranium sites.

👉 Timeline: Characterisation program in 2026 → production potential within 12–24 months!

Dan Maling said it best – “From waste to potential development.”

This is what early-stage value creation looks like – Metals One quietly positioning itself in the US uranium recovery game just as global uranium demand surges.

DYOR, but this feels like the start of something serious.

💎 Waste + Tech + Licence + Revenue Share = Early Mover Advantage.

#MET1 #Uranium #CriticalMetals #ESG #DISA #GameChanger

Metals One (MET1) are starting to show their hand at the UV Uranium-Vanadium Project in Colorado – and the numbers speak for themselves.

Rock chip assays have confirmed ore-grade uranium up to 4.17% U and vanadium up to 2.46% V, plus copper (1.14% Cu) and silver (~100 g/t Ag). That’s serious grade material even if much is from historical workings.

The scintillometer survey lit up the ground with anomalies right across the claim block, including areas with no recorded workings – a big hint there’s more to find than just what was mined decades ago.

The mineralisation style (Salt Wash Member, Morrison Formation) is a proven host of uranium deposits in the US.

What’s important is this validates both the historical mining pedigree and the fresh anomalies MET1 have picked up. Management are now moving on to systematic surveying of the adits to define the exploration potential properly.

In short: they’ve proved there’s uranium, vanadium, copper, silver in ore grades on site – and the toolkit is lighting up more targets to chase. Exactly what you want to see at this stage.

MET1 is steadily building a portfolio across critical and precious metals, and this RNS shows the Colorado project has teeth, right as sentiment towards uranium is heating up again.

GLA DYOR (Be Nice to Each Other!)

Oldnewboy,

Absolutely in agreement fella, plenty of runway to 2028 and a strategic stake that didn’t come cheap. If EV1 delivers, MET1 holders stand to benefit handsomely. Given EV1’s projects in Tanzania plus graphite demand trends, a double before 2028 doesn’t sound too far-fetched, fella. Patience is the game here.

GLA DYOR (Be Nice to Each Other!!)

Good morning Oldnewboy,

If spotting value early and backing it is ‘financial engineering’, then I’ll happily keep engineering my portfolio upwards, fella. EV1’s oversubscription speaks volumes — MET1 just locked in a 16.9% stake. That’s not smoke, that’s fire.

GLA DYOR (Be Nice to Each Other!!)

Good morning Dusty,

Glitter or not, fella, the fundamentals speak for themselves! If you can’t see value in 16.9% of an oversubscribed EV1 graphite play, that’s on you.

I’ll happily keep "spinning" while the patient holders bank the gains.

GLA DYOR (Be Nice to Each Other!!)

Another awesome RNS. Rights Issue was oversubscribed, MET1 got its full allocation (52,985,000 @ A$0.01) and now sits on 90,885,000 EV1 shares = 16.9% once admitted (12 Sep 2025). On top, they’ve bagged 26,492,500 options @ A$0.02 (exp. Sep 2028) – a free upside turbo when Chilalo rolls forward.

Why it matters:

Demand signal: EV1 had to add a placement to soak up extra appetite – not your usual sleepy raise.

De-risked graphite exposure: Chilalo is development-ready with >90% binding offtakes already signed. Few ex-China supply options look this prepared.

Leverage without capex: For a modest A$0.53m cheque, MET1’s got meaningful look-through to a premium graphite project plus multi-year options for the rerate window.

Timing: Admission today; EV/graphite narrative heating up; policy & supply chain dynamics doing the heavy lifting.

Bottom line: Smaller company, bigger seat at the table. 16.9% + options into a post-DFS, offtake-backed graphite developer = the kind of asymmetric setup we like.

GLA DYOR (Be Nice to Each Other!!) (Queue the de-rampers to be ignored! )

Current board (disclosed):

Craig Moulton – Independent Non-Exec Chair

Jonathan Owen – CEO (Exec)

Daniel Maling – CFO (Exec)

2025 departures (for clarity):

Winton Willesee (NED) – resigned 2 Jul 2025

Sara Minchin (NED) – resigned 3 Apr 2025

Alastair Clayton (former Chair) – stepped down 17 Apr 2025

Kaj Thomas Levin (NED) – resigned 17 Apr 2025

Headcount context:

Last reported FY2024 average staff: 8 (7 directors + 1 employee).

After the 2025 NED exits, publicly disclosed “employees” now = 3 directors. Any additional staff/contractors aren’t individually named in RNS/filings.

GLA DYOR (Be Nice to Each Other!!)

If you want cashflow optionality not just holes in the ground, MET1 edges it. Uranium waste-dump deal = revenue share with zero capex/opex; graphite exposure via Chilalo is post-DFS with >90% offtakes. Add US policy tailwinds (uranium clean-up, ex-China graphite) and you’ve got multiple near-term catalysts. GSCU’s Stage-3 drill may pay off, but it’s weeks/months to assays and still pure exploration beta. I’m backing the portfolio with de-risked, development-ready assets over a single drill programme.

Have a great one all.

Another absolute belter of an RNS from MET1 today

They’ve just taken a strategic 17% stake in Evolution Energy Minerals (EV1), giving us exposure to the Chilalo Graphite Project in Tanzania – one of the most advanced, high-grade graphite projects outside China.

Key points:

✅ Post-DFS NPV of A$518m and IRR of 32% – serious economics.

✅ 90% of production already covered by binding offtakes with tier-one partners.

✅ Backed by ARCH Sustainable Resources Fund (25%).

✅ Multi-decade mine life potential with upside from new high-grade discoveries.

✅ World-class flake size – perfect for EV batteries and energy storage.

And here’s the kicker – with the US slapping 93.5% tariffs on Chinese graphite anode materials, Chilalo is primed to become a go-to ex-China supplier into the EV battery chain. This is a huge diversification play for MET1 alongside uranium, nickel, copper and PGEs.

Craig & team have pulled off another awesome move that positions MET1 bang in the middle of the global energy transition story. For the cost of ~£459k all-in, we’ve bought exposure to a project with a half-billion dollar NPV! (Look it up and do your own research, this is truly an absolute winner!)

From Colorado uranium dumps to Tanzanian graphite, MET1 is building a critical minerals powerhouse.

Can’t see this staying under the radar much longer – eyes will start turning our way. Accumulation levels continue and accelerate.

GLA DYOR (Be Nice to Each Other!!! Seriously lets try that today!) (...however expect the normal suspects that I will continue to ignore!)