Metals One plc (MET1) Long‑Term Share Price Outlook: What Investors Should Know

Investors looking into “metals one share price forecast” may find themselves on a bumpy ride. Metals One plc (ticker: MET1) is a small‑cap mining and exploration company with promising goals but high uncertainty. 

In this article, we’ll walk you through what Metals One is, what it owns, what its risks and upside factors are  and what its price could look like over the long term.

What is Metals One plc?

• Metals One is a minerals exploration and development firm, focused on “critical” metals like nickel, copper, cobalt, uranium, vanadium and more all metals relevant to clean energy and electrification.

• The company is listed on the London market under ticker MET1.

• Metals One does not yet generate meaningful revenues or profits, because it is still in the exploration / development phase rather than full mining production.

Because of this early‑stage status, any valuation is speculative meaning that price moves depend heavily on future exploration success, commodity market conditions, and the company’s ability to finance its operations.

Early Stage: Why That Matters

• Metals One has historically reported no significant revenue and negative earnings, reflecting the nature of exploration companies.

• To fund operations and exploration, Metals One has issued new shares multiple times.

• This frequent share issuance leads to dilution each share you own becomes a smaller piece of the pie over time.

Thus, even if the company makes a discovery, early shareholders may see their proportional ownership diluted unless care is taken with new share issuance.

What Metals One Owns: Projects and Assets

Metals One’s portfolio gives it a broad spread across different metals and geographies — which is a strength if at least one project succeeds.

• Its flagship project is the Black Schist Project in Finland, with inferred resources including nickel, copper, cobalt, zinc among others.

• It also has interest in the Råna Project in Norway, which has shown nickel‑copper‑cobalt mineralisation after recent drilling.

• In 2025, the company expanded its asset base: it acquired a gold‑target property in Nevada, USA, the Swales Gold Property.

• It is also looking to broaden through potential new acquisitions including other copper and uranium/vanadium projects which suggests a diversification strategy to increase chances of a “hit.”

This portfolio mix gives Metals One exposure to multiple metals. If one commodity becomes highly valuable (e.g. due to demand for battery metals or clean energy), the entire company could benefit.

Recent Company Moves That Could Matter

• In the first half of 2025, Metals One closed a significant equity fundraise that brought in fresh capital to support exploration and diversification of its portfolio.

• The company has issued warrants and carried out share issuances as part of funding — a double-edged sword: it gives the firm cash to keep working, but increases site share dilution.

• Metals One is actively expanding projects and evaluating acquisitions — this shows ambition and aggressive growth strategy, but also means higher risk until any new project reaches production.

These moves suggest the company is trying to balance risk by spreading across assets, but result in a volatile value profile for shareholders in the near to medium term.

Why Metals One Could Deliver a Big Upside

• If one of its projects say Black Schist or Råna yields a major discovery, the value for Metals One stock could grow significantly. The broad asset base increases the odds of at least one big success.

• Rising demand for clean‑energy metals globally (nickel, cobalt, copper, uranium etc.) could increase the value of Metals One’s resource base. Metals One is targeting metals that many believe will be in higher demand as the world shifts toward green energy.

• The diversification of metals and geographies gives Metals One optionality: it’s not dependent on a single project or commodity. This reduces “all eggs in one basket” risk.

• Should Metals One manage to transition from “exploration” to “production-ready,” the perception of the stock could shift possibly triggering revaluation by investors.

In short: the reward though speculative could be large if things go well.

Major Risks to Remember

• The biggest risk is exploration failure. If drilling results are poor or no viable deposit is found, the stock could lose most of its value.

• Share dilution: frequent issuance of new shares to raise cash erodes ownership value for existing holders. This has been a recurring theme for Metals One.

• Lack of revenue: until the company can actually mine and sell metals, it remains a speculative bet with no guarantee of returns.

• Market and commodity price risk: even if Metals One finds resources, metal prices may decline reducing potential profitability.

• Project development risk: even after discovery, obtaining permits, building infrastructure, and starting production takes time, money, and favorable conditions.

Some analysts already view the company as highly speculative or even extremely risky because of these challenges.

What Some Forecasts Say and Why to Be Cautious

• A public forecast by a third‑party AI tool (on Meyka) suggests a bullish long-term view: it projects a potential rise to significantly higher price levels over the next 5–7 years.

• Those optimistic projections assume “everything works out” — successful discoveries, rising commodity prices, successful project development, favorable markets.

But these forecasts are highly speculative. Given the company’s track record of no revenue, negative cash flow, and repeated dilution, any forecast should be taken with caution.

What Could Determine Metals One’s Future Price

Here are key factors that will likely shape whether Metals One becomes a big win or remains stuck in speculation:

• Results from upcoming drilling campaigns, especially at Black Schist (Finland) and Råna (Norway).

• The global demand and price trajectory for critical metals (nickel, copper, cobalt, uranium, etc.).

• Ability of Metals One to manage finances without excessive dilution (i.e. raising capital carefully, or generating revenue).

• Execution of project development: permitting, environmental approvals, and actual mine building.

• Diversification success whether newly acquired assets (gold, uranium, copper) can add real value if the original projects don’t pan out.

If Metals One plays these cards well — positive exploration, rising metals demand, managed dilution — the stock could surprise investors.

What This Means for Potential Investors

• Investing in Metals One today is essentially a speculative bet on “big discovery + good execution.”

• For long‑term, risk‑tolerant investors: this company could offer high upside, but the risk is very real.

• For conservative investors or those seeking stable income: Metals One is not suitable there are no dividends, earnings, or stable cash flows now.

• If you follow it, stay updated on drilling news, project announcements, commodity price trends and capital raises.

Final Thoughts

Metals One plc stands as a high‑risk, high‑reward mining exploration stock. There’s no guarantee but the potential is there. Its mix of assets, project diversity, and ambition make it a speculative but possibly rewarding opportunity.

If you are considering investing, treat it as a speculative stake and consider balancing it with safer investments. Keep in mind that while some long‑range forecasts indicate big gains, these are contingent on many uncertain factors.