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The latest update is out from Capital Metals plc ( (GB:CMET) ).
Capital Metals PLC has announced a subscription agreement with Sheffield Resources Limited for 6,689,418 new ordinary shares, maintaining Sheffield’s 10% shareholding in the company. This move, along with the grant of share options to advisers, is part of Capital Metals’ strategic efforts to advance the Taprobane Minerals Project in Sri Lanka, potentially impacting its market position and stakeholder interests positively.
More about Capital Metals plc
Capital Metals is a UK-based company listed on the London Stock Exchange (AIM: CMET), focusing on developing the Taprobane Minerals Project in Sri Lanka. The project is rich in industrial minerals such as ilmenite, rutile, zircon, and garnet, and is recognized as one of the highest-grade mineral sands projects globally. The company is committed to modern mining practices and aims to bring significant economic benefits to Sri Lanka, including job creation and government royalties.
Average Trading Volume: 435,133
Technical Sentiment Signal: Hold
Current Market Cap: £14.26M
See more data about CMET stock on TipRanks’ Stock Analysis page.