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
för 2 veckor sedan
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
för 4 veckor sedan
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
för 4 veckor sedan
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
förra månaden
do people still have hope
despite today, does anyone actually believe in this long term?
Nik123
förra månaden
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
förra månaden
Wtf
Max147
förra månaden
Anyone ??
Trading has been suspended, then not suspended a few times this morning…why the stop start …any know please
Sam010
förra månaden
Halts
Keep getting halted man😔
CaptPrice
förra månaden
To all the people that sold at lower
Oof
Max147
förra månaden
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
förra månaden
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
förra månaden
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
förra månaden
Are you guys still here?
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Betyg 4,6 / 5 baserat på 95 210 recensioner av
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Instant access to my savings
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Inbjuden
Good experience
App is easy to use, deposits and withdrawals are easy to make. Good service
Inbjuden
Great experience
It’s great being able to see my investment grow with a good interest rate.
Inbjuden
Very easy to use
Easy to use
Best platform I have used
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Easy to do
Easy to do, clear instructions, straightforward and tidy software did what tge software needed to do.
Inbjuden
Support for multiple accounts within a…
Support for multiple accounts within a single app
User-friendly and intuitive interface
Fast deposits, payments, and share purchases with minimal delays
A clear dashboard that shows everything at a glance
Easy navigation between accounts and investments
Real-time updates on balances, transactions, and portfolio performance.
Inbjuden
Easy to use
Easy to use, good interest rate, access to savings made easy.
Inbjuden
Easy to set up
Easy to set up, great interest rate , regular updates !
Inbjuden
App is simple
App is simple, easy to use, many setting possibilities. Love it
Inbjuden
The app works well and the whole set up…
The app works well and the whole set up is easy and is very clear.
I really like it - so far.
Inbjuden
Easy to use app
Easy to use app. Keeps me informed and easy to track
Inbjuden
The speed of transferring and withdrawing is the best on the market!!!
The simplicity of staying fully in control of my funds is excellent. The speed of transferring in and out of my account is excellent, so if I need to dip in on occasion my funds are in my current account within seconds. Likewise paying in is instant. Love it!!!
Inbjuden
Great platform to start the investment and trading journey
The interface is user friendly and smooth. Easy to understand what's happening.
Based on own research you can create your portfolio and track them. Alot of important stocks are available.
I couldn't ask for more as a starter in the Investment world.
Inbjuden
Great interest rate
Great interest rate, easy to use app, sit back and watch your money grow
Inbjuden
Very easy to invest and keep track of my investments Simple and easy to invest and keep…
Simple and easy to invest and keep track of my savings, with very good interest rates.
Inbjuden
Great first time saver
Really quick and easy to use brilliant for a first time savings account.
Inbjuden
User friendly and love investing…
User friendly and love investing Trading212 as Beginner.
Inbjuden
Lovely interface and low fees
Lovely interface and low fees
Highly recommended for beginner investors
Inbjuden
Easy app
Easy app, no fuss deposits and no fuss withdrawals.
Inbjuden
Good communication
I like the way you get a notification each day to tell you how much you’ve earned
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Vanliga frågor och svar
Vad är aktiekursen för Metals One (MET1)?
Det aktuella priset för Metals One (MET1) är 1,5 GBX.
Vad är 52‑veckorshögsta för MET1?
Högsta nivån på 52 veckor för MET1 är 29,21 GBX.
Vad är 52-veckorslägstanoteringen för MET1?
Den lägsta nivån på 52 veckor för MET1 är 1,15 GBX.
Vad är den veckovisa prestandan för MET1?
Under den senaste veckan har priset på MET1 ändrats med 15,38 %.
Hur ser den månatliga prestationen för MET1 ut?
Under den senaste månaden har priset på MET1 ändrats med 2,74 %.
Vad är 3-månadersprestandan för MET1?
Under de senaste tre månaderna har priset på MET1 ändrats med −11,24 %.
Hur har 6‑månadersavkastningen för MET1 varit?
Under de senaste sex månaderna har priset på MET1 förändrats med −11,24 %.
Vad är den årliga prestandan för MET1?
Under det senaste året har priset på MET1 förändrats med −89,86 %.