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Metals One PLC
(LSE:MET1)
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Rating:42Neutral
Price Target:
1.00 p
▼(-23.08% Downside)
Action:N/A
Date:09/23/26
The score is primarily held down by weak financial performance (pre-revenue, widening losses, and accelerating cash burn), which outweighs the benefit of a debt-free balance sheet. Technicals also lean bearish with the price below key moving averages and negative MACD. Valuation support is limited because earnings are negative and there is no dividend yield data.
Positive Factors
Debt-free balance sheet
The absence of reported debt removes a major source of interest expense and refinancing pressure. This gives Metals One greater financial flexibility than a similarly loss-making business with leverage, although continued cash burn still makes preserving capital important over the coming quarters.
Negative Factors
No operating revenue
The absence of reported revenue indicates that Metals One has not yet reached a producing or operating phase. Without sales, the company lacks internally generated funding and operating leverage, leaving future progress dependent on launching revenue-generating activities before the financial profile can improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of reported debt removes a major source of interest expense and refinancing pressure. This gives Metals One greater financial flexibility than a similarly loss-making business with leverage, although continued cash burn still makes preserving capital important over the coming quarters.
Read all positive factors
Metals One PLC (MET1) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£14.49M
Dividend YieldN/A
Average Volume (3M)6.16M
Price to Earnings (P/E)―
Beta (1Y)-0.43
Revenue GrowthN/A
EPS Growth38.24%
CountryUK
Employees8
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.03
Shares Outstanding1,234,946,400
10 Day Avg. Volume4,391,179
30 Day Avg. Volume6,160,321
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.46
Price to Sales (P/S)0.00
P/FCF Ratio-1.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Metals One PLC Business Overview & Revenue Model
Company Description
Metals One PLC specializes in identifying and acquiring natural resource assets. The company's strategic focus is on projects involving critical battery materials, such as nickel, lithium, cobalt, and copper. Currently, its portfolio includes stak...
Metals One PLC Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Jun 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -6.40M | -1.29M | -954.11K | -253.67K | -358.38K |
| Net Income | -11.01M | -1.62M | -1.75M | -253.67K | -358.38K |
Balance Sheet | |||||
| Total Assets | 19.98M | 9.13M | 10.00M | 106.06K | 174.68K |
| Cash, Cash Equivalents and Short-Term Investments | 12.93M | 51.16K | 751.10K | 39.88K | 174.68K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 710.68K | 463.99K | 917.32K | 146.34K | 61.30K |
| Stockholders Equity | 18.68M | 8.42M | 8.84M | -40.28K | 113.38K |
Cash Flow | |||||
| Free Cash Flow | -6.51M | -1.28M | -1.17M | -234.81K | -297.07K |
| Operating Cash Flow | -6.51M | -983.34K | -884.29K | -234.81K | -297.07K |
| Investing Cash Flow | -4.74M | -409.63K | -560.43K | 0.00 | 0.00 |
| Financing Cash Flow | 19.53M | 685.04K | 2.17M | 100.00K | 471.76K |
Metals One PLC Technical Analysis
Negative
1.30
Price Trends
1.29
Negative
1.34
Negative
1.57
Negative
Market Momentum
-0.02
Positive
42.03
Neutral
30.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MET1, the sentiment is Negative. The current price of 1.3 is above the 20-day moving average (MA) of 1.28, above the 50-day MA of 1.29, and below the 200-day MA of 1.57, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.03 is Neutral, neither overbought nor oversold. The STOCH value of 30.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MET1.
Metals One PLC Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | £121.57B | 12.63 | 18.86% | 4.92% | 10.86% | 13.41% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | £64.41B | 16.32 | 13.34% | 2.37% | 26.71% | ― | |
54 Neutral | £42.95B | -22.49 | -15.45% | 0.71% | -13.95% | 40.97% | |
47 Neutral | £72.70M | -1.88 | -18.64% | ― | ― | ― | |
45 Neutral | £41.40M | -4.15 | 283.86% | ― | -7.00% | 20.39% | |
42 Neutral | £14.49M | -0.42 | -69.23% | ― | ― | 38.24% |
* Basic Materials Sector Average
GB:MET1
Metals One PLC
1.23
-2.53
-67.29%
GB:AAL
Anglo American
4,042.00
1,367.93
51.16%
GB:JLP
Jubilee Metals Group
2.10
-1.00
-32.26%
GB:RIO
Rio Tinto
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GB:GLEN
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70.76%
GB:FAR
Ferro-Alloy Resources Ltd.
5.20
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-40.91%
Metals One PLC Corporate Events
Business Operations and StrategyLegal Proceedings
Metals One Faces Court Delays in Barbrook Gold Mine Rescue Plan Challenge
Negative
Sep 7, 2026
Metals One has reported a procedural delay in efforts to replace the Business Rescue Practitioner overseeing the Barbrook Gold Mine in South Africa. The court application to remove the current practitioner has been pushed to early January 2027 aft...
Business Operations and StrategyPrivate Placements and Financing
Metals One secures £4m non-convertible funding to drive gold-focused growth
Positive
Sep 4, 2026
Metals One PLC has secured £4 million in gross funding from YA II PN, a fund managed by Yorkville Advisors Global, via a senior promissory note to bolster its minerals investment programmes and working capital. The non-convertible debt struct...
Business Operations and StrategyDelistings and Listing ChangesLegal ProceedingsPrivate Placements and Financing
Metals One advances Barbrook restart with mine plan and gold offtake deal
Positive
Aug 21, 2026
Metals One said the business rescue plan for South Africa’s Barbrook Gold Mine has now been substantially implemented, with the acquisition agreement concluded, mining-rights transfer submitted, and financing documentation progressing. Its p...
Business Operations and StrategyShareholder Meetings
Metals One wins shareholder backing for strategy at AGM
Positive
Jul 28, 2026
Metals One said shareholders approved all resolutions at its latest annual general meeting, confirming board proposals and corporate governance measures for the critical and precious metals developer. The vote outcome supports management’s s...
Business Operations and StrategyExecutive/Board Changes
Metals One boosts insider equity stakes with EBT awards and new option grants
Neutral
Jul 3, 2026
Metals One has awarded a large tranche of shares from its Employee Benefit Trust to senior management and staff following the achievement of milestones under its shareholder-approved incentive plan, including the rollout of its project diversifica...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Metals One sets July AGM as it posts annual report to investors
Positive
Jul 1, 2026
Metals One Plc, a developer and investor in critical and precious metals projects with a particular emphasis on gold and uranium, operates a diversified portfolio including gold, copper, uranium, graphite and energy-related assets across South Afr...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Metals One leverages £15m funding to pivot into gold and U.S. uranium
Positive
Jun 30, 2026
Metals One PLC reported final results for 2025, highlighting more than £15 million of new financing that has significantly strengthened its balance sheet and expanded its critical and precious metals portfolio. The group has used this capital...
Business Operations and StrategyDelistings and Listing ChangesM&A Transactions
Metals One to Become Majority Owner of Lions Bay in South African Gold Strategy Shake-Up
Positive
Jun 30, 2026
Metals One PLC has agreed new heads of terms under which Lions Bay Capital will acquire 100% of Lions Bay Resources in an all-stock deal, consolidating the South African Barbrook/Vantage gold assets and related cogeneration energy infrastructure i...
Business Operations and StrategyPrivate Placements and Financing
Metals One Deepens North American Gold Exposure with Talon Resources Stake
Positive
Jun 23, 2026
Metals One has increased its exposure to North American gold by investing a further £200,000 in Talon Resources, bringing its total stake to 5.57% following Talon’s admission to trading on AIM. Talon, formerly a Main Market cash shell, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.