- Business
- Metals One PLC is a minerals exploration and development company focused on critical and precious metals projects in Northern Europe and North America. The company explores for gold, uranium, vanadium, copper, nickel, cobalt, zinc and platinum group metals through ownership interests in projects including the Black Schist Project in Finland with a 57.1 million tonne nickel-copper-cobalt-zinc JORC Inferred Resource adjacent to producer Terrafame; the Rana Project in Norway covering 18.14 square kilometres across three exploration licences targeting massive sulphide nickel-cobalt-copper mineralisation; the Uravan Belt, Vanadium King, Radium Mountain, Red Basin, Squaw Creek, Swales and Wedding Bell projects in the United States for uranium, vanadium and gold resources; and the Lillefjellklumpen PGE project in Norway. It operates primarily in Finland, Norway and the US, targeting battery metals, clean energy minerals and precious metals for European and North American supply chains. Founded in 2021 and headquartered in London, the company recently advances its portfolio through the August 2025 acquisition of 75% interest in US uranium-vanadium claims from Thor Energy PLC including Vanadium King, Radium Mountain and Wedding Bell with an option for the remaining 25%; the June 2025 completion of the Swales Gold Project acquisition in Nevada's Carlin Trend via subsidiary Metals One Nevada Inc.; a strategic investment in Lions Bay Resources announced in November 2025; a April 2025 equity fundraising of £3.1 million to support exploration and deals; and settlements and share issuances for Uravan and other US acquisitions in mid-2025.