5th Mar 2025 07:00
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
5 March 2025
Capital Metals PLC
("Capital Metals" or the "Company")
Appointment of Hannam & Partners as Broker and Financial Advisor
Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Taprobane Minerals Project in Sri Lanka (the "Project"), is pleased to announce the appointment of Hannam & Partners as sole Broker and Financial Advisor to the Company with immediate effect.
Hannam & Partners is an independent specialist natural resource sector investment bank which has completed over £45 billion worth of transactions since 2013 including within the heavy mineral sands sector where it has a deep network of industry connections. Hannam & Partners' primary mandate is to assist with the overall financing package for the Project which is expected to comprise of offtake, vendor, and local partner financing, supplemented by debt as required. Hannam & Partners will additionally provide broking services including equity research.
Greg Martyr, Executive Chairman of Capital Metals, commented:
"Our goal is to reach a Final Investment Decision by the end of Q2. A key component for that will be assembling the financing package on the best possible terms. Hannam & Partners has tremendous experience in assisting companies to do just that. They have great enthusiasm for our Project, which they visited last month, and we are looking forward to working with them."
For further information, please visit www.capitalmetals.com or contact:
Capital Metals plc Greg Martyr (Executive Chairman) | Via Vigo Consulting |
Vigo Consulting (Investor Relations) Ben Simons / Peter Jacob | +44 (0)20 7390 0234 |
SPARK Advisory Partners (Nominated Adviser) Neil Baldwin / James Keeshan | +44 (0)20 3368 3550 |
Hannam & Partners (Broker & Financial Advisor) Andrew Chubb / Leif Powis | +44 (0)20 7907 8500 |
About Capital Metals
Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Taprobane Minerals Project in Sri Lanka, approximately 220km east of Colombo, containing industrial minerals including ilmenite, rutile, zircon, and garnet. The Project is one of the highest-grade mineral sands projects globally, with potential for further grade and resource expansion. In 2022, a third-party Preliminary Economic Assessment provided a Project NPV of US$155-235m based on existing resources, with further identified optimisation potential. We are committed to applying modern mining practices and bringing significant positive benefits to Sri Lanka and the local community. We expect over 300 direct new jobs to be created and over US$130m in direct government royalties and taxes to be paid.
Visit our website:
www.capitalmetals.com
Follow us on social media:
X (formerly Twitter): @MetalsCapital
LinkedIn: @Capital Metals plc
Related Shares:
Capital Metals