Capital Metals PLC Notice of AGM (6653Y)
September 07 2022 - 11:15AM
UK Regulatory
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) +44 (0)20 7390 0234
Ben Simons / Peter Jacob capitalmetals@vigoconsulting.com
SPARK Advisory Partners (Nominated
Adviser)
Neil Baldwin / James Keeshan +44 (0)20 3368 3554
WH Ireland Limited (Joint Broker)
Harry Ansell / Katy Mitchell +44 (0)20 7220 1666
Tavira Securities Limited (Joint
Broker)
Jonathan Evans / Oliver Stansfield +44 (0)20 7100 5100
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NOAUBAVRUOUKRAR
(END) Dow Jones Newswires
September 07, 2022 11:15 ET (15:15 GMT)
Equatorial Palm Oil (LSE:PAL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Equatorial Palm Oil (LSE:PAL)
Historical Stock Chart
From Jul 2023 to Jul 2024