REG - Capital Metals PLC - Notice of AGM

Capital MetalsAnnouncement

07/09/2022 16:30

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RNS Number : 6653Y  Capital Metals PLC  07 September 2022

7 September 2022

Capital Metals plc

("Capital Metals" or the "Company")

Notice of Annual General Meeting

Capital Metals (AIM: CMET), a mineral sands company approaching mine
development stage at the Eastern Minerals project in Sri Lanka (the
"Project"), one of the highest-grade mineral sands projects globally, confirms
that the Annual General Meeting of shareholders will be held on 30 September
2022 at 11:30 a.m. at 48 Warwick Street, London, W1B 5AW.

 

Copies of the Notice of Annual General Meeting Notice and Form of Proxy will
be sent to all shareholders. Additional copies are available on the Company
website at www.capitalmetals.com (http://www.capitalmetals.com) .

 

For further information, please visit www.capitalmetals.com or contact:

 Capital Metals plc                           Via Vigo Consulting

 Michael Frayne (CEO) / James Mahony (CFO)
 Vigo Consulting (Investor Relations)         +44 (0)20 7390 0234

 Ben Simons / Peter Jacob                     capitalmetals@vigoconsulting.com
 SPARK Advisory Partners (Nominated Adviser)  +44 (0)20 3368 3554

 Neil Baldwin / James Keeshan
 WH Ireland Limited (Joint Broker)            +44 (0)20 7220 1666

 Harry Ansell / Katy Mitchell
 Tavira Securities Limited (Joint Broker)     +44 (0)20 7100 5100

 Jonathan Evans / Oliver Stansfield

 

About Capital Metals

Capital Metals is developing the Eastern Minerals Project in Sri Lanka,
approximately 220km east of Colombo. The Project is one of the highest-grade
mineral sands projects globally, with a current JORC Resource of 17.2Mt with
an average grade of 17.6% Total Heavy Minerals, and potential for significant
resource extension. In May 2022, a third-party Preliminary Economic Assessment
("PEA") provided an NPV for the Project of US$155-235M based on existing
resources, with further identified optimisation potential. The PEA outlined an
attractive low funding requirement of US$37.3M, with expansions funded through
cashflows from the Project, which is forecast to deliver US$645M of revenue
and net operating cashflows of US$391M.

 

CMET's goal is to become a high margin producer of mineral sands for the
international market, with a commitment to applying best-in-class 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$100m in direct government royalties and taxes to be paid.

 

For more information, visit our website www.capitalmetals.com
(http://www.capitalmetals.com) and follow us on social media:

LinkedIn: https://www.linkedin.com/company/capitalmetals/
(https://www.linkedin.com/company/capitalmetals/)

Twitter: https://twitter.com/MetalsCapital (https://twitter.com/MetalsCapital)

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