Metals One secures £4m funding package to advance gold projects

Mining Written by: Ian Lyall 07:18 Fri 04 Sep 2026 --> Proactive has a commercial relationship with Metals One PLC. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Metals One PLC ( AIM:MET1 OTCQB:MTOPF ) View Price & Profile Metals One secures £4m funding package to advance gold projects Published: 07:18 04 Sep 2026 BST Metals One PLC (AIM:MET1, FRA:HT7, OTCQB:MTOPF) , the critical and precious metals developer focused on gold and uranium, has secured £4 million in gross funding from YA II PN, a fund managed by Yorkville Advisors Global. Yorkville and its affiliates are barred from holding short positions in Metals One shares while the note remains outstanding, and cannot own more than 9.99% of the company's share capital through warrant exercises. Proceeds will go towards advancing Metals One's gold projects across Africa and the Americas, alongside general working capital needs. Daniel Maling, managing director of Metals One, said the funding structure allows the company to advance its core mining projects without near-term equity issuance at current depressed share prices. He added that the deal lets the company draw on the marketable value of its non-core portfolio to fund growth opportunities without diluting shareholders. Maling said the company was well placed to accelerate its gold acquisition, exploration and development work, and pointed to the coming quarter as a pivotal period for its growth ambitions. The funding is structured as a senior promissory note rather than a convertible instrument, meaning the loan principal cannot be converted into equity. Including the new package, Metals One now holds more than £11 million in cash and liquid portfolio investments. The company said repayments are expected to come from the sale of non-core portfolio holdings, of which it currently has an estimated £6 million. Metals One will issue Yorkville warrants equal to 100% of the value of the promissory note, exercisable for three years at a strike price set at 130% of the previous day's closing share price. The note was issued at a 5% discount, carries interest of 7% a year, rising to 18% in the event of default, and will see the company receive net proceeds of £3.74 million after fees. Principal will be repaid in equal monthly instalments of 10% of the original amount, alongside accrued interest, starting 60 days after closing. The company also announced the appointment of Spark Advisory Partners as its new AIM nominated adviser, replacing Beaumont Cornish immediately. Continue reading