Capital Metals plc (GB:CMET) has released an update.
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Capital Metals PLC announced that Sheffield Resources Limited has postponed its acquisition of a 50% stake in Capital Metals’ Eastern Minerals Project in Sri Lanka, opting instead to prioritize their Thunderbird Mineral Sands Mine. Despite this, Capital Metals is exploring alternative non-dilutive funding options and advancing the project independently, aiming to retain full equity. The company is also gearing up for a drilling program expected to enhance the project’s value significantly.
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