"We are delighted to have executed this Term Sheet with DISA, which creates a pathway for Metals One to potentially generate revenue from our U.S. uranium portfolio. I would like to thank the team at DISA and our project partner, Thor Energy, for their collaboration in reaching this agreement.
DISA are global leaders in materials upgrading, and their patented HPSA process is a breakthrough, non-chemical technology. Importantly, DISA's NRC licensing process is expected to conclude soon making it the first company to receive a Service Providers License (SPL) to remediate abandoned uranium mine waste - an appealing regulatory framework. The process not only recovers valuable uranium and critical minerals but also leaves the environment significantly improved by remediating historic legacy sites.
Metals One has been strategically assembling a portfolio of U.S. uranium exploration projects, and we now look forward to working with DISA to evaluate broader applications of this technology across our portfolio."