MET125 Jul 2025 14:57
Bought more stock , it has positives as well as the warrants....
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LONDON - Metals One Plc (AIM:MET1) has executed a binding Sale & Purchase Agreement to acquire Mjolner Minerals (Norway) AS, owner of the Lillefjellklumpen Project in central Norway, according to a company press release issued Monday.
The acquisition, expected to be completed in August 2025 pending regulatory approvals in Norway, will add a 20 kmΒ² exploration license hosting platinum group elements (PGE), gold, nickel, and copper mineralization to the companyβs portfolio.
Metals One is acquiring the project for β¬90,000, which has been paid, and a 2% net smelter return royalty. The company stated the project features historical high-grade discoveries, with surface sampling from 2014 returning up to 17.5 g/t palladium and platinum, along with significant gold, nickel, and copper grades.
The project includes a historic 18-meter trench and 5-meter adit exposing massive sulfide mineralization, with surface exposures of high-grade PGE veins up to 1.5 meters wide. It also has electromagnetic and magnetic anomalies suggesting a larger subsurface system.
Located in Nord TrΓΈndelag County, the project has access to roads, power infrastructure, and is near a historic mining community.