Capital Metals PLC Notice of AGM (6653Y)

TIDMCMET

RNS Number : 6653Y

Capital Metals PLC

07 September 2022

7 September 2022

Capital Metals plc

("Capital Metals" or the "Company")

Notice of Annual General Meeting

Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the Eastern Minerals project in Sri Lanka (the "Project"), one of the highest-grade mineral sands projects globally, confirms that the Annual General Meeting of shareholders will be held on 30 September 2022 at 11:30 a.m. at 48 Warwick Street, London, W1B 5AW.

Copies of the Notice of Annual General Meeting Notice and Form of Proxy will be sent to all shareholders. Additional copies are available on the Company website at www.capitalmetals.com .

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

 
 Capital Metals plc                                 Via Vigo Consulting 
  Michael Frayne (CEO) / James 
  Mahony (CFO) 
 Vigo Consulting (Investor Relations)               [phone] 
  Ben Simons / Peter Jacob                           [e-mail] 
 SPARK Advisory Partners (Nominated 
  Adviser) 
  Neil Baldwin / James Keeshan                      [phone] 
 WH Ireland Limited (Joint Broker) 
  Harry Ansell / Katy Mitchell                      [phone] 
 Tavira Securities Limited (Joint 
  Broker) 
  Jonathan Evans / Oliver Stansfield                [phone] 
 

About Capital Metals

Capital Metals is developing the Eastern Minerals Project in Sri Lanka, approximately 220km east of Colombo. The Project is one of the highest-grade mineral sands projects globally, with a current JORC Resource of 17.2Mt with an average grade of 17.6% Total Heavy Minerals, and potential for significant resource extension. In May 2022, a third-party Preliminary Economic Assessment ("PEA") provided an NPV for the Project of US$155-235M based on existing resources, with further identified optimisation potential. The PEA outlined an attractive low funding requirement of US$37.3M, with expansions funded through cashflows from the Project, which is forecast to deliver US$645M of revenue and net operating cashflows of US$391M.

CMET's goal is to become a high margin producer of mineral sands for the international market, with a commitment to applying best-in-class 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$100m in direct government royalties and taxes to be paid.

For more information, visit our website www.capitalmetals.com and follow us on social media:

LinkedIn: https://www.linkedin.com/company/capitalmetals/

Twitter: https://twitter.com/MetalsCapital

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September 07, 2022 11:15 ET (15:15 GMT)