REG - Capital Metals PLC - Extension of Ambeon Option Period

Capital MetalsAnnouncement

Tue 16:45

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RNS Number : 0490V  Capital Metals PLC  12 August 2025

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.

 

12 August 2025

 

Capital Metals PLC

 

("Capital Metals" or the "Company")

 

Extension of Ambeon Option Period

 

Company confident of imminent exercise of full balance of option

 

Further to the 29 May 2025 announcement regarding Ambeon Capital PLC's
("Ambeon") strategic investment of US$2 million and the Ambeon Option, and the
subsequent 16 July 2025 announcement, Capital Metals (AIM: CMET), a mineral
sands company approaching mine development stage at the high-grade Taprobane
Minerals Project in Sri Lanka (the "Project"), announces it has agreed with
Ambeon a short further extension of the Ambeon Option until 15 August 2025
(the "Ambeon Option Extension").

 

Pursuant to the Ambeon Option, Ambeon and/or its third-party assignees
(Investors) may invest up to a further US$2 million in the Company at an issue
price of 2.75 pence per share of which, to date, US$825k of the Ambeon Option
has been subscribed for. Based on ongoing discussions, the Board believes that
agreements for the remaining balance to be subscribed for are going to be
reached imminently.

 

Related Party Transaction

 

As Ambeon is a Substantial Shareholder in the Company pursuant to the AIM
Rules for Companies ("AIM Rules"), the Ambeon Option Extension is treated as a
related party transaction under AIM Rule 13 of the AIM Rules. The Company's
independent directors consider, having consulted with Strand Hanson Limited,
the Company's nominated adviser, that the terms of the Ambeon Option Extension
are fair and reasonable insofar as the Company's shareholders are concerned.

 

Capitalised terms used herein without definition shall have the same meanings
given to them in the 29 May 2025 "Strategic Investment & Project
Development MoU" announcement released at 7.00 a.m.

 

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)

 

About Ambeon Capital PLC

 

Ambeon Capital PLC is a Colombo Stock Exchange listed diversified conglomerate
with strategic interests across key sectors, including information technology,
financial services, real estate and strategic investments in Sri Lanka. Ambeon
is seeking to invest in mineral sands assets in Sri Lanka and to assist with
their development and operation. Guided by a long-term value creation
approach, the group actively manages its portfolio to unlock synergies and
drive sustainable growth across its verticals. Ambeon continues to reinforce
its position as a dynamic player in Sri Lanka's capital markets, leveraging
sectoral expertise and strategic foresight to deliver enduring value to its
stakeholders.

 

 

 

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