Metals One has acquired the Black Schist project in Finland from AIM-quoted Bluejay Mining and another company with an 80% interest in the Brownfield Rana project in Norway. These projects could supply metals for batteries for electric vehicles in the local European markets.
Management wants to take advantage of the expected surge in demand for battery metals as electric vehicle sales build up. Each electric vehicle is estimated to require 35kg of nickel. A shortfall of nickel supply is anticipated in the next decade.
Although the shares opened at 6p, they ended the first day at 4.5p. There we...
