Metals One PLC (AIM:MET1) CEO Jonathan Owen talked with Proactive about the company’s latest progress and significant milestones in its critical minerals projects. Jonathan Owen shared that Metals One has more than doubled its mineral resources at the Black Schist Project in Finland, from 30 million tons to 60 million tons—a $3 billion valuation of critical metals in the ground. This achievement comes in response to the European Union's green and technological transition policies that prioritise locally sourced strategic minerals like lithium, nickel, and cobalt.
Owen detailed the company's ambitious next steps, including completing a preliminary economic assessment, or scoping study, led by Wardell Armstrong, a respected mining consultancy. He emphasised the urgency of Metals One’s project timeline to align with the EU's critical minerals target by 2030, a goal he hopes will accelerate the company’s impact and valuation.
“We’re looking to get these assets into production as soon as possible, ideally to meet the EU's 2030 benchmark,” Owen explained. He noted that the upcoming economic assessment will reveal project economics, including NPV and IRR, to attract market attention and drive value for shareholders.