Metals One On Track with PEA for December #met1 #nickel #finland #investing #mining #eu

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➡️ The PEA, being conducted by Wardell Armstrong International, is key to determining the project's forecast economics. It focuses on #nickel, #copper, #cobalt, and #zinc resources in Finland, with completion expected by early December 2024. The results will reveal important financial metrics like internal rate of return (IRR) and net present value (NPV). ➡️The PEA is a foundational step in applying for EU Strategic Project status, which would potentially unlock non-dilutive funding, EU grants, and permit fast-tracking. Metals One aims to submit this application in Q1 2025, and obtaining this status is critical for further advancing the Black Schist project. ➡️Metals One's long-term target is to expand the current resource base from 60 million tons to 200 million tons. This would transform the project into a world-class Tier 1 asset, enabling further economies of scale and stronger project economics in future updates. By Mark Fairbairn Recorded: 15/10/24