UK Capital Metals Advances $155-235M Sri Lankan Mineral Sands Project 💎

• UK-listed Capital Metals PLC (CMET) is advancing the Taprobane Minerals Project in Sri Lanka's Eastern Province, which is ranked among the higher-grade mineral sands deposits globally. • Mineral Sands deposits include ilmenite, rutile, zircon, and garnet, vital for manufacturing and engineering industries. • Economic Impact: • Estimated Net Present Value (NPV) for the project is US$ 155-235 Million. • Expected to generate over US$ 150 Million in royalties and taxes for Sri Lanka. • Projected to create around 300 direct jobs upon commencement of production. • Local Investment: Ambeon Capital PLC invested Rs. 600 Million in May 2025 for an initial 14% stake. • Corporate Update: Capital Metals recently issued 638,029 new ordinary shares (valued at ~£ 18,254) to its financial adviser as commission related to its ongoing operations.