Capital Metals plc (GB:CMET) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Capital Metals plc, poised to develop its high-grade Eastern Minerals Project in Sri Lanka, has successfully reinstated its Industrial Mining Licenses after legal challenges, raised £3.4 million in funding, and is gearing up for a drilling program aimed at doubling the project’s resource size. With a strategic investment from Sheffield Resources and a solid balance sheet, the company is adopting a non-dilutive, staged approach to financing the project’s construction. Executive Chairman Greg Martyr highlights the strengthened project security, supportive government relations, and an experienced team poised to drive shareholder value.
For further insights into GB:CMET stock, check out TipRanks’ Stock Analysis page.
