Holding in Company

Capital Metals

28/01/2026 07:00

RNS Number : 7023Q

Capital Metals PLC

28 January 2026

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

28 January 2026

 

Capital Metals PLC

("Capital Metals" or the "Company")

 

Holding in Company

 

Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at its high-grade Taprobane Minerals Project in Sri Lanka (the "Project"), announces that Sheffield Resources Limited (ASX: SFX) ("Sheffield") has on 27 January 2026 sold the 49,173,418 shares it held in Capital Metals and no longer holds an interest in the Company. Capital Metals is pleased to note that Sheffield's entire shareholding (approximately 10% of the issued share capital) was placed out with new institutional and high net worth investors including existing shareholders and associates of Ambeon Capital PLC in Sri Lanka, the Company's largest shareholder (owning 12.1% of the issued share capital).

 

Greg Martyr, Executive Chairman of Capital Metals, commented:

 

"We appreciate the support of Sheffield as a strategic investor, including several follow-on investments as recently as September 2025 to maintain its shareholding. We understand the context in which Sheffield has sold its position, given the well-publicised working capital challenges in relation to its Thunderbird Mineral Sands Mine in Western Australia. Demand from other high-quality investors, including Sri Lankans, has enabled Sheffield's holding to be fully transferred."

 

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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