MetalNRG plc
MNRG.L
London Stock Exchange40.00
GBp
-3.50
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MetalNRG plc
MNRG.L
(London Stock Exchange)
Recent
price
40.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Atlas Metals Group plc Atlas Metals Group plc, formerly MetalNRG plc MetalNRG plc, operates as a natural resources investing company focused on commodities facing high demand from macroeconomic, energy transition, and technology trends. The company pursues direct and indirect investments through outright acquisitions, joint ventures, earn-in structures, and majority interests; its direct investments include the Gold Ridge Project in Arizona, United States, encompassing the Gold Ridge Mine, Gold Prince Mine, and Dives Mine across a 932-hectare area on the Dos Cabezas Mountains; indirect investments feature the Lake Victoria Gold Project in northern Tanzania and the Uranium Project in Kyrgyzstan, 48 kilometers from Bishkek and 95 kilometers from the Karabalta processing plant. It explores for gold, iron ore, nickel, copper, cobalt, silver, diamonds, and uranium deposits targeting mining and energy sectors, with operations spanning North America, East Africa, and Central Asia. Founded in 2006 and headquartered at 9th Floor, 107 Cheapside, London EC2V 6DN, United Kingdom, the company builds a global natural resources portfolio aimed at delivering industry-leading returns and sustainable dividends to shareholders. Recent developments include a name change from MetalNRG plc to Atlas Metals Group plc effective 10 December 2024, alongside a share consolidation on a 100:1 basis and ticker shift to AMG, coinciding with a new website launch at atlasmetalsgroup.com; in late 2024, it advanced toward acquiring Compagnie Minière de l'Oumejrane S.A. (CMO), a producing copper mine in Morocco's Eastern Anti-Atlas from Managem S.A., supported by a US$25 million convertible loan note from Orion Resource Partners and a US$5 million equity subscription term sheet, though the deal was ultimately cancelled on 24 December 2024 with ongoing funding exploration for the remaining consideration. In September 2025, it entered a conditional Share Purchase Agreement for a major acquisition valued at £1 billion, driving a 300% share surge and positioning the company for substantial growth into a £1 billion-plus market cap entity. Additional funding includes £244,000 raised via convertible loan notes at 15% interest in 2024 and a strategic partnership pursuit with Managem for Moroccan mining opportunities.