AIM movers: Metals One buy stake in Uranium area and Seed Innovations changing investing strategy to AI
Metals One (LON: MET1) is acquiring an initial 10% stake in NovaCore Exploration Inc and it has warrants that can increase the stake to 30%. This adds a third uranium project to the company’s portfolio. NovaCore has 15,000 acres in the Red Basin uranium district in New Mexico. This has potential for 40 million pounds of U3O8. Initial drilling is planned for the end of 2025 if permitting and environmental work is completed on time. The share price increased 13.2% to 13.525p.
Investment company Seed Innovations (LON: SEED) plans a tender offer for up to 45% of the shares and change its investing policy to focus on robotics and AI. Jim Mellon and Denham Eke will join the board and Ed McDermott and Alfredo Pascual will step down….
