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Metals X Limited
Video analysis: MLXEF
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News: MLXEF
Metals One secures £4m funding package to advance gold projects
Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF), the critical and precious metals developer focused on gold and uranium, has secured £4 million in gross funding from YA II PN, a fund managed by Yorkville Advisors Global. Yorkville and its affiliates are barred from holding short positions in Metals One shares while the note remains outstanding, and cannot own more than 9.99% of the company's share capital through warrant exercises.
Metals One nears transformation as gold consolidation reshapes portfolio
Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF) is on the verge of a transformation, according to Oak Securities, as a corporate consolidation hands it majority control of a developing South African gold and energy business. The broker said a conditional deal for Lions Bay Capital to acquire 100% of Lions Bay Resources would deliver a 237% unrealised value gain for Metals One.
