Update re LBR Offer for Vantage

9 April 2026

Metals One Plc

("Metals One" or the "Company")

Update re LBR Offer for Vantage

Creditor meeting to approve LBR's plan to acquire the Vantage Goldfields assets in South Africa adjourned until 16 April 2026

Further to the Company's announcement on 26 March 2026, Metals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals project developer and investor, announces that the creditor meeting to approve the plan proposed by Lions Bay Resources PTY Ltd ("LBR") (Metals One: 30%) to acquire the South African assets of the Vantage Goldfields Group was adjourned by the Business Rescue Practitioner ("BRP") for one week.

The meeting was adjourned as a majority of the creditors required some clarifications and amendments to be made to the business rescue plans and voted to accordingly postpone the three meetings by seven days. The BRP committed to distributing amended business rescue plans to creditors by Monday, 13 April 2026, to be voted upon at the meetings which have been rescheduled for 16 April 2026.

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About Metals One

Metals One is pursuing a strategic portfolio of critical and precious metals projects and investments underpinned by the Western World's urgent need for reliably and responsibly sourced raw materials - and record high gold prices. Metals One's shares are listed on the London Stock Exchange's AIM Market (MET1) and on the OTCQB Venture Market in the United States (MTOPF).

Map of Metals One projects/investments

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Market Abuse Regulation (MAR) Disclosure

The information set out herein is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR').

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.