Capital Metals plc (GB:CMET) has released an update.
Capital Metals plc, poised to develop its high-grade Eastern Minerals Project in Sri Lanka, has successfully reinstated its Industrial Mining Licenses after legal challenges, raised £3.4 million in funding, and is gearing up for a drilling program aimed at doubling the project’s resource size. With a strategic investment from Sheffield Resources and a solid balance sheet, the company is adopting a non-dilutive, staged approach to financing the project’s construction. Executive Chairman Greg Martyr highlights the strengthened project security, supportive government relations, and an experienced team poised to drive shareholder value.
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