REG - Capital Metals PLC - Cyclone Ditwah - Update on Sri Lanka Operations

Capital MetalsAnnouncement

Wed 11:45

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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
(http://www.capitalmetals.com) or contact:

 

 Capital Metals plc                                      Via Vigo Consulting

 Greg Martyr (Executive Chairman)
 Vigo Consulting (Investor Relations)                    +44 (0)20 7390 0234

 Ben Simons / Peter Jacob                                capitalmetals@vigoconsulting.com (mailto:capitalmetals@vigoconsulting.com)
 Strand Hanson Limited (Nominated Adviser)               +44 (0) 20 7409 3494

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

 

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 (http://www.capitalmetals.com)

 

Follow us on social media:

 

X: @MetalsCapital (https://twitter.com/MetalsCapital)

LinkedIn: @Capital Metals plc (https://uk.linkedin.com/company/capitalmetals)

 

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