Metals One Share Price Target: Will the Stock Rally or Fall in 2026?

If you’re looking into the “metals one share price forecast Target” for 2026, you’re not alone. Investors and market watchers often wonder whether Metals One PLC (MET1) could rally or risk another slide. In this article, we explore what could drive the share price up or drag it down, and what realistic targets might be over the next 12–24 months.

What Metals One Does

• Metals One is a small mineral exploration and development company based in the UK.

• The company’s portfolio includes projects in Europe notably the Black Schist Project in Finland and the Råna Project in Norway.

• Metals One also works with a mix of critical and precious metals including nickel, copper, cobalt, gold, uranium, and more.

• The company emphasizes “strategic mineral values linked to decarbonisation & energy security,” reflecting growing global demand for battery and green‑energy metals.

In short: Metals One isn’t a traditional producer it’s a small-cap explorer/developer. This means its future depends heavily on resource discoveries, metal prices, and its ability to fund and execute projects.

What Recent Performance Tells Us

• As of late 2025, Metals One’s share price has been volatile.

• At one point, the 52‑week high reached GBp 55.00, while the 52‑week low was GBp 1.76.

• However, technical analysis from some sources currently labels it as a “Strong Sell,” with most moving averages and momentum indicators pointing downward.

• In its 2024 annual report, Metals One disclosed that it raised fresh equity to fund its projects and is exploring expansion, but the company is still small and carries several operational and funding risks.

These facts show just how speculative and high-risk yet potentially high-reward Metals One remains.

What Could Push the Share Price Higher

Rising Demand for Battery and Critical Metals

Global demand for metals used in batteries and clean‑energy technologies (like nickel, cobalt, copper) is increasing. If this demand rises, the underlying value of Metals One’s projects could go up, benefiting the share price.

Good Exploration Results or Discoveries

If Metals One announces a significant resource discovery especially in one of its core projects like Black Schist that could attract investor interest and push the price up sharply. Some analysts already argue that the stock is trading at a steep discount to potential project value. 

Improvements in Commodity Prices

Metals One’s fortunes are tied strongly to global commodity prices. A rebound in nickel, copper, or other metals driven by supply constraints or increased demand could boost investor sentiment for exploration firms like Metals One. 

Strategic Moves and Diversification

In 2025, Metals One acquired a stake in another mining group, adding exposure to a graphite project. This may diversify risk and open new value avenues if that project performs well. 

What Could Trigger a Decline

High Risk of Dilution and Funding Needs

Exploration companies often need to raise capital. Metals One recently issued new shares to fund its operations. That dilutes existing shareholders and can depress the share price. 

No Immediate Production Heavy Dependence on Exploration Success

Since Metals One doesn’t generate much revenue yet, there is no steady income stream. Its value depends on future discoveries which are uncertain. Failures or delays in exploration can hurt the share price significantly. 

Volatile Metal Markets

Commodity prices swing a lot. If metal prices drop, or global demand weakens, Metals One’s projected value may shrink reducing investor interest.

Market Sentiment & Technical Weakness

Technical analysis currently signals bearish momentum for Metals One. If investor sentiment stays cautious, the stock could remain under pressure — even if long‑term fundamentals hold. 

Possible Price Scenarios for 2026

Based on current data and potential triggers, here are some hypothetical scenarios for Metals One share price by end‑2026:

Scenario	Assumptions	Estimated Share Price
Bullish	Strong exploration success, favorable commodity prices, improved investor sentiment, no major dilution	~ £0.25–£0.30 (25–30 p) — about 5–8× current levels
Moderate Growth	Some positive resource updates, stable metals market, minimal dilution	~ £0.12–£0.15 (12–15 p) — 2–3× current levels
Base / “Stay Flat”	No significant discoveries, metal prices flat, some dilution	~ £0.05–£0.08 (5–8 p) — similar to current levels or modest gain
Bearish / Risk	Negative exploration results, commodity slump, heavy dilution	Below £0.04 (4 p) — potentially lower than current level

These are not predictions just structured “what‑if” pathways based on known risks and opportunities.

What Other Analysts Are Saying

• One market commentary suggests that if price moves above 22.6p, there could be a push toward 27.7p, and with bullish momentum possibly up to 34.2p or even 61p as a long‑term “big picture” target.

• On the cautious side, some technical analysts flag the stock as a “Strong Sell,” given weak moving averages and negative earnings. 

• Insider valuation at recent book value estimates suggests the company’s assets might be undervalued but investors need to see exploration results or project progress for valuation to reflect that.

What Investors Should Watch

If you follow Metals One, keep an eye on:

• Exploration updates or new resource discoveries (especially from Black Schist and Råna).

• Global commodity price trends (nickel, copper, battery metals).

• Company announcements of financing or dilution.

• Global demand for battery metals, driven by clean‑energy and EV adoption.

These signal whether Metals One is moving toward growth or risk.

Final Thoughts

Metals One is one of those speculative small‑cap stocks with both high risk and high potential. Its share price target for 2026 depends heavily on exploration success, commodity markets, and capital management.

If things go well strong resource updates, metal price support, and careful funding  Metals One could see a significant rally by end‑2026. On the other hand, delays, disappointing results, or heavy dilution could keep price low.

For investors, this is not a “safe income stock.” It’s more of a high‑risk, high‑reward bet. If you believe in the demand for critical metals and accept the risks, Metals One might be worth watching but make sure it fits your investment risk tolerance.