Druces’ Capital Markets team advised Beaumont Cornish Limited, Shard Capital Partners LLP and SI Capital Limited in connection with Metals One PLC’s admission to AIM and conditional placing and subscription to raise £2.2m before expenses.
Metals One is advancing battery metal projects at brownfield sites in Finland and Norway, with the potential to become strategic sources of battery metals.
Both projects are strategically positioned to supply Europe’s major electric vehicle (EV) manufacturers and battery makers. Furthermore, battery metals are in high demand due to the global push for decarbonization, particularly in the transportation sector.
Europe’s EV adoption is driving up the value of these metals, making their exploration and production crucial for sustainable supply chains.
James Biddle, Director of Corporate Finance and Head of AIM Advisory at Beaumont Cornish, comments:
“We are very pleased to see Metals One join AIM today and appreciate the hard work of Druces in working with us and the Brokers to achieve this. As ever Druces provided competent, commercial advice in a highly professional manner.”
Jack Dervyn, Druces, comments:
“It is always great working with the teams at Beaumont Cornish, Shard and SI, and we’re glad to have been able to assist with the AIM admission of Metals One.”