The latest update is out from Capital Metals plc ( (GB:CMET) ).
Capital Metals PLC has issued 344,052 ordinary shares to Hannam & Partners as payment for broker and financial advisor fees, with the shares priced at 2.1799 pence each. This issuance is part of the company’s strategic financial operations as it approaches the mine development stage of its high-grade Taprobane Minerals Project in Sri Lanka, potentially impacting shareholder interests and voting rights with a new total of 345,150,261 ordinary shares in circulation.
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 aims to extract high-grade mineral sands 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 and economic benefits for Sri Lanka.
YTD Price Performance: 61.76%
Average Trading Volume: 476,061
Technical Sentiment Signal: Hold
Current Market Cap: £9.83M
See more data about CMET stock on TipRanks’ Stock Analysis page.