RE: New 10 day high11 Aug 2025 08:11
Financial
The current cap is £20mln
Net assets as of Dec 2024 of £8.6mln
Cash after placing £3mln + £0.85mln from before
Plus £6mln from cash warrants and probably £4mln+ from the now completed pre paid warrants. This would mean MET1 currently has about £13mln cash as of August
Uranium assets.
In April President Trump ordered the speed up reactor testing, to allow the Departments of Energy and Defense to build nuclear reactors on federally owned land, overhaul the Nuclear Regulatory Commission and boost the United States' mining and enrichment of uranium.
Increased stake to 35% in USA , and now invested $1.35mln
15,000 acres in the Red Basin Uranium District of New Mexico, where historical U.S. Department of Energy assessments and recent radiometric surveys suggest there is potential for 40 million pounds of U₃O₈"
The mgmt of this previously sold a uranium assets for $2bln
Finland
- project economics are highly leveraged to the anticipated rising nickel price in a tier-1 jurisdiction with an NPV5 Upside Case of approximately US$333 million (as described in the 31 January 2025 announcement)
· project ideally located to supply to Europe's major EV car manufacturers
· applying for Strategic Project Status under the EU Critical Raw Materials Act which is expected to enable enhanced access to project financing among other advantages