Cyclone Ditwah - Update on Sri Lanka Operations

Capital Metals

10/12/2025 11:30

RNS Number : 0390L

Capital Metals PLC

10 December 2025

 

10 December 2025

 

 

Capital Metals PLC

("Capital Metals" or the "Company")

 

Cyclone Ditwah - Update on Sri Lanka Operations

 

No impact to Taprobane Minerals Project

Assisting with local relief efforts

 

Capital Metals Plc (AIM: CMET), a mineral sands company approaching mine development stage at its high-grade Taprobane Minerals Project in Sri Lanka (the "Project"), notes the recent severe weather event in Sri Lanka caused by Cyclone Ditwah, which brought unusually intense rainfall, strong winds and widespread disruption to infrastructure across parts of the country. The Company extends its sincere thoughts to all those affected by this extreme weather event.

 

Cyclone Ditwah is considered an extremely rare meteorological event for Sri Lanka, with cyclonic systems of this intensity seldom forming so close to the island. Publicly reported data indicates that multiple districts were impacted by flooding, wind damage and temporary displacement of communities, with rainfall totals in some areas recorded at several multiples of seasonal averages and widespread power outages reported nationally.

 

The Company confirms that all Capital Metals' staff are safe. Personnel in the Eastern Province experienced a loss of grid power for approximately one week, however, power has now been restored to the region. Normal food and fuel supplies are also resuming following temporary disruption.

 

There has been no impact to the Company's Taprobane Minerals Project area or assets, and the Company does not foresee any material impact to its development plans, however, the government is clearly very focussed on the recovery efforts which are going to take some time. Capital Metals will be assisting with ongoing focussed local area crisis related support efforts.  

 

As a reminder to shareholders, the Taprobane Minerals Project processing plant is being designed with its own off-grid power supply, reducing vulnerability to extreme weather events and mitigating the risk of disruption from any loss of grid power.

 

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
Strand Hanson Limited (Nominated Adviser)
Ritchie Balmer / Christopher Raggett / David Asquith
+44 (0) 20 7409 3494
Hannam & Partners (Broker & Financial Adviser)Andrew Chubb / Leif Powis
+44 (0)20 7907 8500

 

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

 

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