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| Date | 13 Oct 2023 |
| Time | 13:13:43 |
| Category | Miscellaneous |
| ID | 1149Q |
RNS REACH
13 October 2023
Capital Metals plc
("Capital Metals" or the "Company")
Update re Ministry of Environment
Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the "Project"), notes a Gazette notification issued in Sri Lanka announcing that the Ministerial Portfolio of Environment, which includes responsibility for the Geological Survey and Mines Bureau, is being brought under the purview of President Ranil Wickremesinghe.
For further information, please visit www.capitalmetals.com or contact:
|
Capital Metals plc Greg Martyr (Executive Chairman) |
Via Vigo Consulting |
|
Vigo Consulting (Investor Relations) Ben Simons / Peter Jacob |
+44 (0)20 7390 0234 |
|
SPARK Advisory Partners (Nominated Adviser) Neil Baldwin / James Keeshan |
+44 (0)20 3368 3554 |
|
Tavira Financial Jonathan Evans / Oliver Stansfield |
+44 (0)20 7100 5100 |
About Capital Metals
Capital Metals plc is a British company listed on the AIM segment of the London Stock Exchange and one of only a few foreign investors in Sri Lanka's mining industry. After investing US$11 million in exploration and development activities including detailed environmental assessments between 2017 and 2022, the Company's Sri Lankan subsidiary, Damsila Exports (Pvt) Limited, was issued an initial two licences in August 2022 to mine heavy mineral sands in the Eastern Province, containing industrial minerals including ilmenite, rutile, zircon, and garnet.