Metals One raises £4.0M debt to fund gold and uranium push
What's the deal? Metals OneDealroom has a profile for this one. Try Dealroom →, an AIM-listed critical and precious metals developer focused on gold and uranium, has secured £4.0 million (about $5.4 million) in gross funding from YA II PN, LTD.Dealroom has a profile for this one. Try Dealroom →, a fund managed by Yorkville Advisors Global. The financing is structured as a senior promissory note, not a convertible, so the principal does not turn into equity.
The terms: The note carries 7% annual interest and a 5% original issue discount, leaving Metals One with £3.74 million in net proceeds after fees. The company will also issue Yorkville warrants equal to 100% of the note's value, exercisable for three years at 130% of the prior day's closing share price.
Why now? Metals One says the facility is bridging capital to fund near-term operational milestones across its project pipeline. Repayments, due in monthly instalments of 10% of the principal, are forecast to come from selling non-core holdings — the company holds an estimated £6 million in listed investments.
What's the endgame? Including the new package, Metals One now holds more than £11 million in cash and liquid portfolio investments to advance its minerals development and investment programmes. Separately, it has appointed Spark Advisory PartnersDealroom has a profile for this one. Try Dealroom → as its AIM nominated adviser, effective immediately.
The signal: The deal shows how smaller resource developers are turning to structured debt with warrants — rather than dilutive equity raises — to fund exploration while metals like gold and uranium draw investor attention.
Read more: investegate.co.uk
