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Capital Metals Announces Strategic Share Subscription and Option Grants

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Capital Metals Announces Strategic Share Subscription and Option Grants

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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.

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