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Metals One Enlists Robert Mannström to Drive European Battery Metals Exploration

25 August 2023 12:49
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In line with its commitment to meet Europe’s growing electric vehicle demand, Metals One (LON:MET1) has announced Robert Mannström as General Manager of the Ni-Cu-Co-Zn Black Schist Project in Finland, harnessing his two decades of industry expertise to propel the ambitious exploration of crucial metals.

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Figure 1: Metals One welcomes Robert Mannström as General Manager – Finland

Forging Ahead with Proven Leadership

Mannström’s appointment comes on the heels of the Company’s AIM listing, which was catalyded by a successful Placement, raising £2.2 million, aiding the UK-based critical metals explorer to firmly establish itself as a key player in the European battery critical metals sector.

Mannström’s impressive background of over 20 years in the mining and minerals industry equips him well to spearhead the Ni-Cu-Co-Zn Black Schist Project. His tenure as Mine Manager at Oy Nordkalk Ab and as Project Manager at Kalliosuunnittelu Oy Rockplan Ltd showcased his ability to navigate complex mining operations and oversee multifaceted projects, a skill set that will undoubtedly be crucial for the successful management of the Black Schist Project.

Capitalising on Rich Prospects

At the heart of this strategic move lies the Ni-Cu-Co-Zn Black Schist Project, a flagship endeavour of Metals One.

Acquired from AIM-listed Bluejay Mining (LON:JAY), this project comprises the Rautavaara and Paltamo Projects, strategically located adjacent to Europe’s largest operating nickel mine, Talvivaara, where the existing resources of the mine alone are projected to sustain production for an impressive 24 years.

The Project’s potential is evident in its Mineral Resource Estimate (MRE), with Rautavaara boasting an MRE of 28.1 million tonnes at promising grades of 0.19% nickel, 0.10% copper, 0.01% cobalt, and 0.38% zinc. Paltamo also holds an exploration target of up to 24 million tonnes, anticipated to yield grades of up to 0.27% Ni, 0.13% Cu, 0.015% Co, and up to 0.50% Zn.

Navigating a Promising Path Forward

Against the backdrop of the thriving EV revolution in Europe, where governments and industries prioritise sustainability, the demand for battery metals, particularly nickel, has intensified, prompting major EV Original Equipment Manufacturers (OEMs) and battery manufacturers in Europe to actively seek secure nickel sources to fuel the expanding EV ecosystem.

Mannström’s leadership and Metals One exploration initiatives are perfectly timed to address this demand, with the International Energy Agency’s forecasting that the electric vehicle and battery storage industries will dominate nickel consumption by 2040 underscoring the significance of such endeavours.

Leveraging the funds from the AIM Placement, the Company is ready to initiate an extensive exploration program at the Black Schist Project, with Mannström’s leadership playing a crucial role in guiding geophysical efforts and preparing for the upcoming diamond drilling phase.

MET1’s share price has risen 5.88% and is currently trading at 4.50 British pence (11.15 am UTC+ 8 hours).

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