Metals Exploration Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

AIM:MTL Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
22 May 25	BuyUK£63,348	Robert Marshall	Individual		827,314	UK£0.077

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of MTL?
Owner Type	Number of Shares	Ownership Percentage
State or Government	5,000,000	0.168%
Public Companies	22,998,774	0.772%
General Public	126,340,634	4.24%
Individual Insiders	304,089,691	10.2%
Private Companies	633,489,743	21.3%
VC/PE Firms	652,000,000	21.9%
Institutions	1,236,151,730	41.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 86.83% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
21.9%	Candy Ventures S.à R.L.	652,000,000	UK£93.9m	0%	87.99%
20.1%	Drachs Investments No 3 Ltd.	600,202,630	UK£86.4m	0.03%	no data
8.91%	Hargreaves Lansdown Asset Management Ltd.	265,380,906	UK£38.2m	1.11%	0.1%
7.88%	Aberdeen Group Plc	234,976,941	UK£33.8m	5.01%	0.02%
6.7%	Darren Bowden	199,759,633	UK£28.8m	0.23%	no data
2.5%	Galloway Ltd.	74,441,570	UK£10.7m	0%	50.78%
2.07%	HBOS Investment Fund Managers Limited	61,693,939	UK£8.9m	-7%	0.07%
2.03%	HSBC Global Asset Management (UK) Limited	60,406,795	UK£8.7m	0.1%	no data
1.86%	Oberon Investments Group Plc	55,522,589	UK£8.0m	-3.42%	4.13%
1.54%	Baker Steel Capital Managers LLP	45,788,429	UK£6.6m	0%	0.39%
1.42%	Barclays Bank PLC	42,269,149	UK£6.1m	-7.03%	0.01%
1.24%	Anthony Millar	36,987,156	UK£5.3m	0%	no data
1.21%	Neil McLeod	36,000,000	UK£5.2m	0%	no data
0.98%	Canaccord Genuity Wealth (International) Ltd.	29,167,235	UK£4.2m	128%	0.08%
0.88%	UBS Asset Management AG	26,122,964	UK£3.8m	2.05%	no data
0.87%	Skandinaviska Enskilda Banken AB (publ)	25,830,931	UK£3.7m	0%	0.05%
0.65%	Hobart Capital Markets LLP	19,458,445	UK£2.8m	0%	14.84%
0.62%	TrinityBridge Limited	18,616,957	UK£2.7m	17.7%	0.02%
0.6%	IG Group Holdings plc	17,849,269	UK£2.6m	-5.37%	0.21%
0.59%	First Majestic Silver Corp.	17,445,543	UK£2.5m	0%	no data
0.56%	Raymond James Wealth Management Limited	16,558,604	UK£2.4m	-27%	0.02%
0.5%	Morgans Financial Limited	14,776,640	UK£2.1m	-39.2%	15.39%
0.44%	GPIM Limited	13,098,000	UK£1.9m	0%	1.98%
0.4%	Rathbones Investment Management Limited	11,787,727	UK£1.7m	-38.1%	no data
0.38%	Bank Julius Bär & Co. AG	11,333,000	UK£1.6m	-4.05%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/04/13 03:21
End of Day Share Price	2026/04/13 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Metals Exploration plc is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jonathan Guy	Hannam & Partners (Advisory) LLP
Duncan Hay	Panmure Liberum