Metals One Signs CA$4 Million Loan Deal With Lions Bay Capital

05:20 AM EST, 12/23/2025 (MT Newswires) -- Metals One (MET1.L) entered into a binding term sheet to provide Lions Bay Capital with an additional CA$4 million loan for investment and working capital purposes. The loan will be delivered by way of a promissory note that carries a 20% annual interest rate, with full repayment of the principal amount plus interest mandatory after a period of 12 months, the metals exploration and development company said in a Tuesday filing. Drawdowns by Lions Bay are conditional on Metals One securing first-ranking security in certain of the former's holdings, as well as shareholder and stock exchange approvals, among others. Metals One noted that it holds a 19.1% stake in Lions Bay.