Capital Metals plc (GB:CMET) has released an update.
Capital Metals PLC, a mineral sands company, has received Board of Investment status for its Eastern Minerals Project in Sri Lanka, bringing fiscal advantages and facilitating procurement and ownership enhancements. The company is progressing with government approvals and has scheduled drilling to commence in mid-August 2024, with plans to start construction in 2025. Executive Chairman Greg Martyr highlighted the strong in-country support and imminent operational advancements, while COO Stuart Forrester emphasized the high-grade mineral deposits and local community backing.
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