Newcastle Municipality
10h
·
MEDIA STATEMENT
FOR IMMEDIATE RELEASE
Date: 03 June 2026
MAYOR DUBE WELCOMES STRATEGIC LIONS BAY RESOURCES INVESTMENT AS NEWCASTLE ADVANCES ITS ECONOMIC GROWTH AGENDA
Newcastle Municipality has welcomed a significant private sector investment that is set to contribute towards industrial revitalisation, economic growth and job creation, following a strategic engagement between His Worship the Mayor, Councillor D.X. Dube, and representatives of Lions Bay Resources on Wednesday, 03 June 2026.
Held at the Mayor’s Parlour, the engagement marked an important milestone in Newcastle Municipality’s ongoing efforts to attract investment, stimulate economic activity and position Newcastle as a preferred destination for industrial development and business growth.
The investor engagement, led by the Speaker of Council, Councillor T.M. Zulu, was attended by the Deputy Mayor of Newcastle Municipality, Councillor A.T. Nkosi, the Mayor of Amajuba District Municipality, Councillor T.E. Mthembu, Chairperson of Development Planning and Human Settlements, Councillor Bertie Meiring, as well as senior municipal officials.
During the engagement, Lions Bay Resources confirmed that the acquisition of the former KCE Plant located within the Karbochem Industrial Park has been successfully concluded. This development officially initiates Phase One of a strategic investment programme that will see the refurbishment and redevelopment of the facility into an energy generation plant over the next twelve months.
The investment represents a significant step towards the revitalisation of Newcastle’s industrial assets and demonstrates growing confidence in the municipality’s long-term economic prospects.
Welcoming the investment, Mayor Dube described the project as a catalyst for economic renewal and a clear indication that Newcastle remains an attractive destination for strategic investment.
“The redevelopment of the Karbochem Industrial Park represents far more than an investment in infrastructure. It is an investment in people, jobs, enterprise development and the future prosperity of Newcastle. As a municipality, we remain committed to fostering strategic partnerships that unlock economic opportunities, strengthen local industries and improve the quality of life of our residents,” said Mayor Dube.
The Mayor further emphasised that the investment aligns directly with the Municipality’s 2026/2027 Integrated Development Plan (IDP), Vision 2035 and broader economic development objectives aimed at driving inclusive growth and expanding economic participation.
“As we advance our development agenda, we require partners who share our vision of a thriving, competitive and investment-ready Newcastle. The commitment demonstrated by Lions Bay Resources sends a strong message that Newcastle remains open for business and continues to offer significant opportunities for industrial growth, innovation and investment,” he added.
Max147
prije 2 tjedna
Should I ????
I originally bought at 40p , I then bought more to average down to 17p .. I bought the maximum so I couldn’t average down anymore. However I look today and I can buy more ……tbh i wrote these off but would like opinions. Yes I know it’s a big risk but I did the same with Zynwold lithium …bought at 5p and they’ve nearly doubled . I can’t see MET 1 reaching 30, 40p again but who knows….whats your thoughts folks please.
JimBah
prije 4 tjedna
News
Metals One has highlighted progress at its 35%-owned NovaCore Uranium Inc., a U.S.-based developer of the Red Basin Uranium Project in New Mexico, where historical and recent surveys indicate the potential for significant U₃O₈ resources. NovaCore is undertaking a minimum US$1.25 million pre-IPO raise at US$1.00 per share, implying a US$6.7 million pre-money valuation that marks a clear uplift on Metals One’s earlier entry price and will leave the AIM-listed group with a roughly 29.5% stake.
The financing, backed by specialist sector investors, is intended to fund pre-drilling work through 2026, including permitting, field mapping, assays and detailed radiometric surveys, ahead of an expected stock market listing in the third quarter of 2026 and a maiden drilling programme soon after. Management at both companies position the Red Basin project as a high-potential uranium opportunity within a politically supportive U.S. jurisdiction, giving Metals One leveraged exposure to a structurally tight uranium market driven by plans to expand nuclear capacity and rising demand for low-carbon baseload power.
JimBah
prije 4 tjedna
News
• Metals One will showcase its North American uranium, vanadium and gold assets at a New York investor conference to bolster visibility around its U.S. OTCQB listing.
• The company is highlighting a no-capex uranium waste recovery deal and its diversified gold interests in Nevada, Peru and South Africa to attract a broader global investor base.
petedmeat25
prošli mjesec
do people still have hope
despite today, does anyone actually believe in this long term?
Nik123
prošli mjesec
Today's update
DISA Technologies Agreement –
Metals One PLC has expanded its partnership with DISA Technologies to advance uranium waste recovery at its Uravan Belt Project in Colorado.
What the agreement actually does
DISA will use its patented High-Pressure Slurry Ablation (HPSA) technology to process abandoned uranium mine waste dumps across the site. This is not traditional mining — it focuses on reprocessing historic waste piles that still contain recoverable uranium and critical minerals.
Scope of the project
Covers 8 waste dumps at the Uravan Project (Colorado)
Located in the historic Uravan Mineral Belt, a former major US uranium-producing region
Material includes legacy mine waste with remaining uranium and vanadium content
Commercial structure (key point for investors)
Metals One pays zero CAPEX and zero OPEX
DISA fully funds:
Permitting
Operations
Processing
Environmental remediation
Metals One receives a gross revenue royalty of 2.5%–4.0% on recovered saleable concentrates
Revenue share depends on commodity price environment
Technology advantage (HPSA system)
Mobile, modular processing units
Designed for surface waste reprocessing
Can remove ~90% of uranium and radium contamination
Generates both:
Saleable uranium/critical minerals
Environmental remediation benefits
Why it matters strategically
Potential near-term cash-flow exposure without capital risk
Aligns with US and EU policies encouraging critical minerals recovery from legacy waste
Converts historic environmental liabilities into monetisable resources
Expands Metals One beyond pure exploration into revenue-linked mining services exposure
Char6
prošli mjesec
Wtf
Max147
prošli mjesec
Anyone ??
Trading has been suspended, then not suspended a few times this morning…why the stop start …any know please
Sam010
prošli mjesec
Halts
Keep getting halted man😔
CaptPrice
prošli mjesec
To all the people that sold at lower
Oof
Max147
prošli mjesec
Great news …
I’m no longer -90%. …I’m minus 88% …I need 17p for green 😂😂😂😂😂😂 anyway let’s see what happens over the next 30 years…..you never know!!!!!!! 😂
Lurrrb
prošli mjesec
Oh look!…
… I’m still -£1200 😂
Hope this is the start of something good for the bag holders. Much love x
Just informing...😊
https://otp.tools.investis.com/clients/uk/metals_one_plc/rns/regulatory-story.aspx?cid=2778&newsid=2057240
Maanmannetjie
prošli mjesec
Met1 support group
This sinking ship has become an emotional support group sadly. The orchestra is still playing, hoping to go out on a high. Some managed to get off in life boats without any belongings and the rest of us are just huddled together waiting for the final wave to sink us completely 🫠🎻🚣🏼👫🌊🚢
ForwardEver
prošli mjesec
Are you guys still here?
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Česta pitanja
Koja je cijena dionice Metals One (MET1)?
Trenutna cijena Metals One (MET1) je 1,5 GBX.
Koji je 52-tjedni maksimum za MET1?
52-tjedni maksimum za MET1 je 29,21 GBX.
Koji je 52-tjedni minimum za MET1?
52-tjedni minimum za MET1 je 1,15 GBX.
Kakva je tjedna učinkovitost MET1?
U proteklom tjednu cijena MET1 promijenila se za 15,38 %.
Kakva je mjesečna učinkovitost MET1?
Tijekom proteklog mjeseca, cijena MET1 promijenila se za 2,74 %.
Kakva je 3-mjesečna performansa MET1?
U posljednja tri mjeseca cijena MET1 promijenila se za −11,24 %.
Kakva je 6-mjesečna performansa MET1?
U posljednjih šest mjeseci cijena MET1 promijenila se za −11,24 %.
Kakva je godišnja učinkovitost MET1?
Tijekom protekle godine cijena MET1 promijenila se za −89,86 %.