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Capital Metals (CMET) Share News

IN BRIEF: Capital Metals to work with LB Group on non-exclusive basis

5th Jan 2024 15:19

Capital Metals PLC - mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka - Says that discussions with LB Group will now be continuing on a non-exclusive basis, after the board decided not to renew exclusivity beyond December 31. LB Group is a manufacturer of high-performance titanium dioxide pigments and sponge. Explains that this decision was made because of additional interest to fund the project into production, following the full reinstatement of the Industrial Mining Licences announced in December. Read More

Capital Metals raises GBP1.3 million from placing and subscription

11th Dec 2023 11:02

(Alliance News) - Capital Metals PLC on Monday said that it has raised GBP625,000 via a placing of 14.7 million new shares at 4.25 pence each, as a follow-on to a subscription last week. Read More

Capital Metals completes share subscription but loss widens

6th Dec 2023 14:31

(Alliance News) Capital Metals PLC on Wednesday reported a resilient performance in its latest half year, despite work for "the best part of a year" being impeded by the Sri Lankan government's "illegal" actions. Read More

LONDON MARKET CLOSE: Fed Chair Powell tempers US rate cut hope

1st Dec 2023 16:53

(Alliance News) - European equities closed higher on Friday, starting December strongly, shaking off tepid US data and Federal Reserve Chair Jerome Powell ruling out rate cuts any time soon. Read More

Capital Metals' mining licences formally reinstalled by Sri Lanka body

1st Dec 2023 16:19

(Alliance News) - Capital Metals PLC on Friday said the Sri Lankan Geological Survey & Mines Bureau has formally reinstalled its industrial mining licences 16236 and 16237 to its Sri Lankan subsidiary Damsila Exports (Pvt) Ltd. Read More

LONDON MARKET CLOSE: Stocks end week mixed on soft US employment data

3rd Nov 2023 17:01

(Alliance News) - Stock prices in London closed mixed on Friday, as some soft US data seemingly confirmed that the central banks are done with interest rate hikes, at least for now. Read More

LONDON MARKET MIDDAY: Stocks mixed ahead of key US payroll data

3rd Nov 2023 11:45

(Alliance News) - Stock prices in London were mixed at midday Friday, as investors eye the "big economic event of the day", which is the US employment report. Read More

Capital Metals hails order to bureau to reissue mining licence

19th Oct 2023 11:36

(Alliance News) - Capital Metals PLC on Thursday said it received a favourable ruling regarding its cancelled industrial mining licences in Sri Lanka. Read More

AIM WINNERS & LOSERS: OnTheMarket surges on CoStar takeover

19th Oct 2023 10:37

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More

Capital Metals surges following Sri Lankan minister's expulsion

10th Oct 2023 10:47

(Alliance News) - Capital Metals PLC shares climbed on Tuesday, as shareholders celebrated the expulsion of Naseer Ahamad from his party and as Sri Lanka's Minister of Environment. Read More

AIM WINNERS & LOSERS: Image Scan up on expected swing to profit

10th Oct 2023 10:07

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More

IN BRIEF: Capital Metals welcomes changes in Sri Lanka

3rd Oct 2023 19:32

Capital Metals PLC - London-based, Sri Lanka-focused mineral sands mining company - On Friday, says it understands that the board of investment of Sri Lanka, the investment promotion agency, will now be involved in the appraisal of and recommendation for the approval of mineral licences while the GSMB will have a continuing role in managing licences. This follows a Sri Lankan government cabinet paper setting out a change in mineral licensing procedures which was approved in late July. Adds the company is in the final stages of establishing a board of investment company which will hold all its interests in Sri Lanka and will be afforded the direct protections against nationalisation. Greg Martyr, executive chair says: "Through a combination of procedural reforms and public inquiries, it is pleasing to see the ability to abuse authority and frustrate the mineral licensing process is gradually ebbing away from officials in the GSMB. This can only be a good thing for the country and our situation." Read More

UK shareholder meetings calendar - next 7 days

22nd Sep 2023 16:09

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AIM WINNERS & LOSERS: Cambria Africa plummets on resuming trading

15th Sep 2023 10:50

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More

Capital Metals annual loss narrows but year "challenging"

15th Sep 2023 09:20

(Alliance News) - Capital Metals PLC on Friday achieved a narrowed annual loss during what it labelled as an "extremely challenging year". Read More

IN BRIEF: Capital Metals extends memorandum with LB Group to December

24th Aug 2023 11:58

Capital Metals PLC - London-based, Sri Lanka-focused mineral sands mining company - Extends memorandum of understanding with LB Group to December 31, in order to fund the project into production. LB Group is a manufacturer of high-performance titanium dioxide pigments and sponge. The agreement, previously announced in May, is to fund the Eastern Minerals project into production. LB Group will "fully" fund the project, which is estimated to cost USD81 million. Read More

Capital Metals shares fall as announces lobbying for mining licences

31st Jul 2023 14:41

(Alliance News) - Capital Metals PLC on Monday said it has been engaged in extensive lobbying actions regarding its temporarily suspended industrial mining licences 16236 and 16237 in Sri Lanka, as well as project development activities. Read More

Capital Metals launches subscription to accelerate Sri Lanka project

17th Jul 2023 10:00

(Alliance News) - Capital Metals PLC on Monday said it has launched a subscription to raise over GBP360,000 from mainly non-UK investors, in part to help lift suspensions on its mining licences and advance an environmental impact study. Read More

UK shareholder meetings calendar - next 7 days

5th Jul 2023 15:44

Read More

IN BRIEF: Capital Metals CEO steps down; announces further fundraise

23rd Jun 2023 14:40

Capital Metals PLC - Sri Lanka-focused mineral sands company - Says Michael Frayne will step down as chief executive officer and as director. Adds a new CEO with "applicable experience" will be recruited in due course. Non-Executive Chair Greg Martyr will take over the management of firm as executive chair. Both are with effect from July 1. Read More

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