17th Jun 2025 11:29
Metals One PLC - mineral developer with projects in Norway and Finland - Says geophysical surveys are now underway at the Squaw Creek uranium project in Wyoming. Also, a detailed review of historic water well and uranium exploration well data is in progress, and a broader regional survey is being planned to assess potential claim expansion opportunities. Metals One notes that the completion of the acquisition of the Squaw Creek project and the Uravan vanadium project in Colorado "remains subject to certain conditions". Says Bureau of Land Management claim documents have been processed for Colorado and are being processed in Wyoming. It expects the latter "to conclude shortly, after which the exploration leases can be granted". "As we work towards completing this strategic acquisition, we remain encouraged by progress made during Phase 1 exploration at Squaw Creek," says Chair Craig Moulton. "We have now commenced phase 1 exploration work across our two uranium projects in Colorado and Wyoming, representing key milestones as we develop our presence in the US."
Current stock price: 15.41 pence each, up 17% on Tuesday morning in London
12-month change: up 62%
By Tom Budszus, Alliance News slot editor
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