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Capital Metals plc ( (GB:CMET) ) has shared an announcement.
Capital Metals PLC has announced significant advancements in its Taprobane Minerals Project following a major upgrade in the Mineral Resource Estimate (MRE) for the Initial Mining Area, which demonstrated a 15-fold increase in resource tonnes. The company has made strides in engineering, regulatory approvals, funding, and local engagement, including a $4 million investment and partnership with prominent individuals from Sri Lanka, paving the way for its construction phase to commence in early 2026. These developments strengthen the project’s long-term potential, improve financial metrics, and support its vision of creating meaningful value for stakeholders and Sri Lanka’s community.
More about Capital Metals plc
Capital Metals PLC, listed on the London Stock Exchange (AIM: CMET), operates in the mineral sands industry. The company focuses on developing the Taprobane Minerals Project in Sri Lanka, known for its high-grade deposits of ilmenite, rutile, zircon, and garnet, positioning itself among the global leaders in the sector.
Average Trading Volume: 875,623
Technical Sentiment Signal: Buy
Current Market Cap: £21.64M
For detailed information about CMET stock, go to TipRanks’ Stock Analysis page.