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Capital Metals plc ( (GB:CMET) ) has issued an announcement.
Capital Metals PLC has extended the option period for Ambeon’s strategic investment of $2 million, with expectations to finalize agreements within 30 days. This extension is part of a related party transaction due to Ambeon’s substantial shareholding. Additionally, the company has granted share options to Mr. Dinal Peiris for his advisory role and issued shares to Hannam & Partners for financial services. The developments are aimed at securing funding and support for the Taprobane Minerals Project, which is nearing the mine development stage.
More about Capital Metals plc
Capital Metals is a UK-based company listed on the London Stock Exchange (AIM: CMET), focusing on the development of the Taprobane Minerals Project in Sri Lanka. The project, located approximately 220km east of Colombo, is rich in industrial minerals such as ilmenite, rutile, zircon, and garnet. It is recognized as one of the highest-grade mineral sands projects globally, with significant potential for resource expansion. The company is committed to modern mining practices and aims to bring substantial benefits to Sri Lanka, including job creation and government revenue.
Average Trading Volume: 382,484
Technical Sentiment Signal: Sell
Current Market Cap: £11.8M
For a thorough assessment of CMET stock, go to TipRanks’ Stock Analysis page.