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Capital Metals plc ( (GB:CMET) ) has provided an announcement.
Capital Metals has issued 169,798 new ordinary shares to its broker Hannam & Partners as payment for corporate broking and research services, priced at £0.046192 per share based on the company’s 30-day volume-weighted average price. The in-kind fee settlement modestly dilutes existing shareholders and underscores the company’s ongoing reliance on advisory support as it advances towards mine development at its flagship Taprobane mineral sands project in Sri Lanka.
Application has been made for the new shares to be admitted to trading on AIM, with dealings expected to commence on or around 19 March 2026, and the shares ranking pari passu with existing stock. Following admission, Capital Metals’ issued share capital will rise to 492,145,817 ordinary shares, a new baseline for investors tracking voting rights and disclosure thresholds under UK market rules.
More about Capital Metals plc
Capital Metals plc is a UK-listed mineral sands developer focused on the high-grade Taprobane Minerals Project in Sri Lanka, about 220km east of Colombo. The project hosts industrial minerals including ilmenite, rutile, zircon and garnet, and is considered one of the highest-grade mineral sands assets globally, with potential for further resource expansion and significant economic benefits for Sri Lanka.
Average Trading Volume: 777,111
Technical Sentiment Signal: Hold
Current Market Cap: £24.6M
For an in-depth examination of CMET stock, go to TipRanks’ Overview page.