Capital Metals Appoints Hannam & Partners for Taprobane Project Financing

Capital Metals plc ( (GB:CMET) ) has issued an update.

Capital Metals PLC has appointed Hannam & Partners as its sole broker and financial advisor to assist in assembling a financing package for the Taprobane Minerals Project in Sri Lanka. The partnership aims to reach a final investment decision by the end of Q2, leveraging Hannam & Partners’ extensive experience in the natural resource sector to secure optimal financing terms, which is crucial for advancing the project.

More about Capital Metals plc

Capital Metals PLC is a UK-based company listed on the London Stock Exchange, focusing on the development of the Taprobane Minerals Project in Sri Lanka. The project, located 220km east of Colombo, is rich in industrial minerals such as ilmenite, rutile, zircon, and garnet. It is recognized as one of the highest-grade mineral sands projects globally, with significant potential for resource expansion and economic benefits, including job creation and government royalties.

YTD Price Performance: -8.82%

Average Trading Volume: 342,439

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £5.34M

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