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An update from Capital Metals plc ( (GB:CMET) ) is now available.
Capital Metals Plc reported that Cyclone Ditwah, a rare weather event in Sri Lanka, did not impact its Taprobane Minerals Project, although it caused widespread disruption in the region. The company confirmed the safety of its staff and noted that its development plans remain unaffected, while it participates in local relief efforts. The project is designed with an off-grid power supply to mitigate such risks, ensuring continued progress and stability.
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, located 220km east of Colombo, involves extracting high-grade industrial minerals such as ilmenite, rutile, zircon, and garnet. It is recognized as one of the highest-grade mineral sands projects globally, with significant potential for expansion and economic benefits, including job creation and government royalties.
Average Trading Volume: 853,382
Technical Sentiment Signal: Buy
Current Market Cap: £19.92M
For detailed information about CMET stock, go to TipRanks’ Stock Analysis page.