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Capital Metals plc ( (GB:CMET) ) just unveiled an update.
Capital Metals PLC has issued 638,029 ordinary shares to Hannam & Partners as part of commission and advisory fees, with an issue price of 2.8610 pence per share. Additionally, 150,000 warrants have been issued, exercisable after 12 months. This move is part of the company’s strategy as it approaches the mine development stage of its Taprobane Minerals Project in Sri Lanka, potentially impacting its market positioning and shareholder interests by increasing its share capital to 491,829,469 ordinary shares.
More about Capital Metals plc
Capital Metals is a UK-based company listed on the London Stock Exchange, focusing on the development of the Taprobane Minerals Project in Sri Lanka. The project is notable for its high-grade mineral sands, including ilmenite, rutile, zircon, and garnet, with significant potential for resource expansion. Capital Metals is committed to modern mining practices and aims to bring economic benefits to Sri Lanka, including job creation and substantial government royalties.
Average Trading Volume: 644,546
Technical Sentiment Signal: Hold
Current Market Cap: £23.09M
Find detailed analytics on CMET stock on TipRanks’ Stock Analysis page.