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Capital Metals plc ( (GB:CMET) ) has issued an announcement.
Capital Metals PLC announced the successful result of its oversubscribed WRAP Retail Offer, raising £400,000 to meet additional demand. This follows the US$2.267 million proceeds from previous subscriptions. The new shares will be issued at the WRAP Retail Offer and are expected to commence trading on AIM by 6 June 2025. This move reflects strong investor interest and is expected to support the company’s development plans for the Taprobane Minerals Project.
More about Capital Metals plc
Capital Metals PLC 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 known for its high-grade mineral sands, including ilmenite, rutile, zircon, and garnet, and is one of the highest-grade mineral sands projects globally. The company aims to apply modern mining practices and contribute positively to the Sri Lankan economy and local community.
Average Trading Volume: 437,925
Technical Sentiment Signal: Hold
Current Market Cap: £9.84M
See more insights into CMET stock on TipRanks’ Stock Analysis page.