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Capital Metals plc ( (GB:CMET) ) has issued an announcement.
Capital Metals PLC has announced the successful subscription of approximately US$825,000 as part of the US$2 million Ambeon Option, with the funds aimed at advancing the Taprobane Minerals Project in Sri Lanka. This strategic investment is expected to secure necessary approvals and support capital expenditure, positioning the company for future growth and development within the mineral sands industry.
More about Capital Metals plc
Capital Metals is a UK company listed on the London Stock Exchange, focused on developing 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 considered one of the highest-grade mineral sands projects globally. The company aims to apply modern mining practices and contribute positively to Sri Lanka’s economy and community.
Average Trading Volume: 384,636
Technical Sentiment Signal: Hold
Current Market Cap: £13.33M
For a thorough assessment of CMET stock, go to TipRanks’ Stock Analysis page.