**Summary**
Metals One Plc, a critical and precious metals exploration company, has announced a significant agreement with DISA Technologies to treat and recover uranium and critical minerals from historically abandoned uranium mine waste dumps at its Colorado Projects (Radium Mountain and Wedding Bell). This partnership is expected to generate revenue for Metals One through a gross revenue share model, with DISA handling all costs related to permitting, evaluation, treatment, and remediation.
**Key Points**
1. **Agreement Details**
Metals Ones subsidiary, Standard Minerals Inc. (75% owned), signed a Term Sheet with DISA Technologies to evaluate and treat 13 identified waste dumps at the Colorado Projects.
Standard will receive a gross revenue share (2.5% to 4.0%) from the sale of recovered uranium and critical mineral concentrates, with no capital or operational expenses.
2. **Technology and Benefits**
DISAs patented High-Pressure Slurry Ablation (HPSA) system will be deployed, offering a non-chemical, environmentally friendly solution.
The process not only recovers valuable minerals but also remediates the environment by removing up to 90% of uranium and radium-226, aligning with U.S. government initiatives for domestic critical mineral recovery.
3. **Regulatory and Strategic Alignment**
DISA is nearing completion of a robust licensing process with the U.S. Nuclear Regulatory Commission (NRC), poised to become the first company with a Service Providers License (SPL) for remediating abandoned uranium mine waste.
The agreement aligns with the U.S. Department of the Interiors Secretarial Order 3436, emphasizing domestic recovery of critical minerals from mine waste.
4. **Next Steps**
Conduct a characterization program to assess mineral quantities in waste piles.
Secure necessary permits for treatment and recovery using HPSA technology.
Finalize a detailed binding agreement and complete any outstanding conditions.
5. **Strategic Significance**
This partnership creates a revenue pathway for Metals One from its U.S. uranium portfolio.
Metals One aims to explore broader applications of DISAs technology across its portfolio, enhancing its strategic position in critical and precious metals exploration.
**About the Companies**
**Metals One Plc** Focused on critical and precious metals projects in low-risk jurisdictions, listed on the London Stock Exchanges AIM Market (MET1).
**DISA Technologies** Founded in 2018, specializes in mineral recovery using HPSA technology, headquartered in Casper, Wyoming, with a focus on both mining and environmental remediation.
This agreement marks a significant step for Metals One in monetizing its uranium assets while contributing to environmental restoration and aligning with U.S. strategic mineral initiatives.