We initiate coverage on Metals One, an exploration company with a portfolio of battery metal projects in Europe. The primary focus is on nickel sulphide assets where the company has £9m of exploration carry expenditure being put to work at the Råna Ni-Cu-Co project in Norway and the Black Schist Ni-Zn-Cu-Co project in Finland.he burgeoning battery market is desperate for new sources of low carbon, Class 1 nickel to satisfy European demand and increasingly stringent supply chain regulation.
