Metals One PLC on Wednesday said it plans to start trading on London’s AIM market on Monday next week.
The London-based company plans to buy natural resources projects that focus on battery metals such as nickel, lithium, cobalt and copper.
Metals One said it has interests in the Paltamo and Rautavaara nickel, copper and zinc projects in Finland, which together are called the Black Schist project, as well as in the Brownfield Rana Nickel project in Norway.
The Black Schist project is being purchased from AIM-listed Bluejay Mining PLC.
‘These projects represent opportunities to develop deposits of scale, in stable jurisdictions, well situated to supply fastest growing European electric vehicle and energy storage markets.’
Metals One will raise £2.2 million as part of the initial public offering at a price of 5 pence per share. It will have 208.5 million shares upon admission, giving the company a market capitalisation of £10.4 million at the IPO price.
Jonathan Owen is chief executive officer of the company, with Daniel Maling as finance director. Chair is Alastair Clayton.
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