Metals One eyes Barbrook gold restart as it moves to take full control of South African assets

Metals One is taking full ownership of Barbrook Gold Mine, targeting production restart within six months pending court and regulatory approvals.

• Full ownership shift: Metals One is converting Lions Bay Resources from a financing/investment structure into a 100%-owned subsidiary, moving from passive investor to owner-operator of Barbrook Gold Mine and its power plant.
• Deal structure: Acquisition includes £6.5 million in share consideration to vendors plus up to US$15 million in additional funding under consideration; Metals One has already advanced close to $15 million in loans over the past year to fund the mine and power plant purchases.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.