29 July 2025

Capital Metals PLC

("Capital Metals" or the "Company")

Appointment of Nominated Adviser

Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Taprobane Minerals Project in Sri Lanka (the "Project"), is pleased to announce the appointment of Strand Hanson Limited as its Nominated Adviser with immediate effect.

Greg Martyr, Executive Chairman of Capital Metals, commented:

"We're looking forward to working with Strand Hanson as Nomad alongside Hannam & Partners, our recently appointed Broker and Financial Adviser. Both advisers have recently visited the Project in Sri Lanka and have been impressed with our growing in-country team. We believe they are well placed to support Capital Metals as we look towards a Final Investment Decision and beyond."

For further information, please visit www.capitalmetals.com or contact:

About Capital Metals

Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Taprobane Minerals Project in Sri Lanka, approximately 220km east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade mineral sands projects globally, with potential for further grade and resource expansion. In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimisation potential. We are committed to applying modern mining practices and bringing significant positive benefits to Sri Lanka and the local community. We expect over 300 direct new jobs to be created and over US$150m in direct government royalties and taxes to be paid.

Visit our website:

www.capitalmetals.com

Follow us on social media:

X: @MetalsCapital

LinkedIn: @Capital Metals plc

Appendix: Existing Board AIM Rule 17 Disclosures

The following information is being disclosed pursuant to Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for Companies:

James Leahy is a director of Tonbridge School. He was appointed on 23 September 2020; as such this was a current directorship at the date of the Company's Admission Document published on 23 December 2020 (the "Admission Document").

Kwan Wey Teh was previously a director of KLK Plantations and Trading Pte Ltd. He was appointed on 15 August 2018 and resigned on 2 September 2024; as such this was a current directorship at the date of the Admission Document.

Kwan Wey Teh is currently a director of Satterley Pakenham Pty Ltd, Satterley Woodstock Pty Ltd, Satterley DonnyBrook Pty Ltd, Satterley Mickleham Pty Ltd, Satterley Brookside Pty Ltd, Satterley ForrestField Pty Ltd and Satterley Greenvale Pty Ltd. He was appointed prior to the date of the Admission Document and therefore these were current directorships at that time.