Capital Metals PLC Result of Annual General Meeting

RNS Number : 2789G

Capital Metals PLC

30 September 2024

Capital Metals plc

("Capital Metals" or the "Company")

Result of Annual General Meeting

Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the "Project"), announces that at the Annual General Meeting ("AGM") held earlier today all the resolutions put to the meeting were duly approved by shareholders.

The numbers of votes for each resolution are presented below:

	Ordinary Resolution	For	Against	Withheld
1.	To receive the Company's Annual Report and Accounts	55,611,961	25	100
2.	To authorise the re-appointment of Bruce Griffin	55,611,961	25	100
3.	To re-appoint PKF Littlejohn LLP as auditors	55,611,961	25	100
4.	To authorise the directors to allot and issue ordinary shares and grant rights to subscribe for shares up to an aggregate nominal value of £310,325	55,567,890	44,096	100
	Special Resolution
5.	To authorise the directors to issue equity securities wholly for cash on a non-pre-emptive basis pursuant to the authority conferred by resolution number 4 above	55,567,890	44,096	100

Notes:

1. The "For" Proxy vote includes those giving the Chair of the AGM discretion

2. A vote "Withheld" is not a vote in law and is not included in the proxy votes "For" or "Against" the resolution

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

capitalmetals@vigoconsulting.com

SPARK Advisory Partners (Nominated Adviser)

Neil Baldwin / James Keeshan / Adam Dawes

+44 (0)20 3368 3550

Tavira Financial

Jonathan Evans / Oliver Stansfield

+44 (0)20 7100 5100

About Capital Metals

Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Eastern 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$130m in direct government royalties and taxes to be paid.

Visit our website:

www.capitalmetals.com

X (formerly Twitter): @MetalsCapital

LinkedIn: @Capital Metals plc

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