Lander & Rogers advises AIM listed, Metals One plc, on acquisition of Scandinavian Resource Holdings

Yellow earthmoving truck on mining site

Lander & Rogers advised UK-based mineral resource developer Metals One plc on its acquisition of Australian mineral exploration company Scandinavian Resource Holdings Pty Ltd (SRH).

Metals One explores brownfield sites for battery metals, as demand for critical metals surges in the shift to renewable energy solutions. Identifying a growing need across Europe for ethically mined battery metals driven by an increase in electric vehicle adoption, Metals One called on Lander & Rogers' mergers and acquisitions and equity capital markets lawyers to facilitate its ambitious expansion strategy and listing.

A Lander & Rogers team led by Corporate partner, David Tink guided Metals One in its acquisition of Scandinavian Resource Holdings, which holds an interest in exploration licences for the Råna intrusion, a major nickel, copper and cobalt mining project in Norway. As part of the transaction Metals One also acquired interests in nickel, copper and zinc mining projects in Finland, further advancing its exploration potential. Subsequently, Metals One was admitted to trading on AIM (a sub market of the London Stock Exchange) following a successful £2.2 million fundraising.

Metals One CEO Jonathan Owen said the transaction comes at a "critical time for battery metals driven by the continued rise in electric vehicle adoption globally" and the company is now "well positioned for rapid advancement".

Mr Tink congratulated Metals One on its acquisitions, capital raise and IPO and looked forward to supporting the company on its future investments. "We're delighted to have assisted Metals One in achieving such an important milestone and enjoyed working with the Metals One team and its other advisors," said Mr Tink.

"This was a significant transaction for our team and demonstrates our strengths operating at the nexus of M&A and capital markets, and across the deal lifecycle to drive results for our clients."

Mr Tink noted that Lander & Rogers' experience navigating cross-border M&A deals had established its "strong reputation as the go-to 'foreign counsel' for international businesses executing their growth strategy through investment in Australian-based companies".

Also advising Metals One on the transaction were partners Jared Smith and Deanna Constable, senior associate Breanna Taylor and lawyer James French.

Lander & Rogers has completed a number of complex and high-value deals in FY23, including the sale of SaaS platforms KwikTag and Sypht to Paymerang and RHI Magnesita's multi-million dollar investment in carbon capture technology company, MCi gf,mCarbon.