REG - Capital Metals PLC - Holding in Company

Capital MetalsAnnouncement

28/01/2026 07:00

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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
(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
 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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