{"id":126972,"title":"Metals One (AIM: MET1) Lifts Stake in Evolution Energy Minerals to 16.9%","publisher":"Share Talk","author":"sharetalk","published":"2025-09-12T07:10:21+00:00","modified":"2025-09-12T07:10:21+00:00","canonical_url":"https://www.share-talk.com/metals-one-aim-met1-lifts-stake-in-evolution-energy-minerals-to-16-9/","markdown_url":"https://www.share-talk.com/metals-one-aim-met1-lifts-stake-in-evolution-energy-minerals-to-16-9.md","json_url":"https://www.share-talk.com/metals-one-aim-met1-lifts-stake-in-evolution-energy-minerals-to-16-9.json","category":"Mining","categories":["Mining"],"tags":["Alastair Clayton","Black Schist","Cobalt","COPPER","Craig Moulton","Europe","Fairfax Partners Inc","Finland","Jonathan Owen","MET1","Metals One","Nickel","Norway","SRH Råna","Zinc"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/07/MET1-17TH-JULY.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"**Increased Stake in Evolution Energy Minerals**\n\n**Metals One gets full allocation in oversubscribed Rights Issue lifting shareholding in Tanzania graphite project developer to 16.9%**\n\nFurther to the announcement on 5 September 2025, [Metals One](https://www.investegate.co.uk/announcement/rns/metals-one--met1/increased-stake-in-evolution-energy-minerals/9103188) (AIM: MET1), a critical and precious metals exploration and development company, is pleased to announce it has received its full allocation of 52,985,000 shares in the Evolution Energy Minerals Ltd (ASX: EV1) (“Evolution”) Rights Issue at A$0.01 for an investment of A$529,850.\n\nEvolution’s Rights Issue closed significantly oversubscribed and raised A$1.45 million (before costs). To accommodate a portion of the excess demand, Evolution agreed to undertake a placement to raise an additional A$300,000 on the same terms as the Rights Issue.\n\nUpon admission of Evolution’s new securities to the Australian Securities Exchange, expected to occur on 12 September 2025, Metals One will hold a total of 90,885,000 shares in Evolution, representing 16.9% of Evolution’s total issued share capital.\n\nPursuant to the Rights Issue, Metals One has also been granted share options over 26,492,500 shares in Evolution, exercisable at A$0.02 per share, with an expiry date of 12 September 2028.\n\nEvolution’s primary project is the large, development-ready, high grade mineral resource potential Chilalo Graphite Project in Tanzania, supported by binding offtake agreements covering more than 90% of production\n\n**Jonathan Owen, CEO of Metals One, commented:**\n\n“Chilalo represents one of the few advanced graphite projects positioned to supply ex-China markets, underpinned by strong ESG credentials, government support in Tanzania, and significant exploration upside. Through Metals One’s shareholding in Evolution, our shareholders have gained access to a premium strategic mineral asset advancing towards development at a highly attractive value entry point.”\n\nEnquiries:\n\n|   |   |\n| --- | --- |\n| Metals One Plc Jonathan Owen, Chief Executive Officer Craig Moulton, Chairman   | [info@metals-one.com](mailto:info@metals-one.com) +44 (0)20 7981 2576 |"}