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Capital Metals plc ( (GB:CMET) ) has provided an announcement.
Capital Metals PLC has secured a strategic investment of up to US$4 million from Ambeon Capital PLC, a Sri Lankan conglomerate, to advance its Taprobane Minerals Project. This partnership marks a significant milestone for Capital Metals, providing a funding path to reach the Final Investment Decision and potentially becoming cash flow positive. The collaboration is expected to enhance Capital Metals’ industry positioning by leveraging Ambeon’s local expertise and connections, which are crucial for obtaining necessary approvals and demonstrating significant Sri Lankan ownership in the project.
More about Capital Metals plc
Capital Metals PLC is a mineral sands company focused on developing the high-grade Taprobane Minerals Project in Sri Lanka. The company is in the mine development stage, aiming to capitalize on the mineral sands sector in the region.
Average Trading Volume: 428,541
Technical Sentiment Signal: Hold
Current Market Cap: £9.8M
For detailed information about CMET stock, go to TipRanks’ Stock Analysis page.
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