10 March 2026

Metals One Plc

("Metals One" or the "Company")

Disposal of partial interest in Fulcrum Metals Plc

Metals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals project developer and investor, announces it was approached to sell a block of 4,500,000 shares in Fulcrum Metals Plc (AIM: FMET) ("Fulcrum") for £0.45 million representing approximately a 173% profit on the Company's weighted average share purchase price. Metals One's made its first investment in Fulcrum in July 2025. Following the sale, Metals One holds 4,250,000 shares in Fulcrum, representing approximately 2.99% of Fulcrum's issued share capital, in addition to 1,458,334 warrants with an exercise price of 10 pence expiring in July 2027.

Daniel Maling, Managing Director of Metals One, commented:

"We are pleased with the progress Fulcrum is making in advancing its projects in Canada. After releasing some profit to satisfy market demand, Metals One retains significant upside exposure to the opportunity in Fulcrum's innovative, cyanide free approach to precious metals recovery from tailings."

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About Metals One

Metals One is pursuing a strategic portfolio of critical and precious metals projects and investments underpinned by the Western World's urgent need for reliably and responsibly sourced raw materials - and record high gold prices. Metals One's shares are listed on the London Stock Exchange's AIM Market (MET1) and on the OTCQB Venture Market in the United States (MTOPF).

Map of Metals One projects/investments

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Market Abuse Regulation (MAR) Disclosure

The information set out herein is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR').

Nominated Adviser

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.