6th Feb 2026 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.
6 February 2026
Capital Metals PLC
("Capital Metals" or the "Company")
Holding in Company&Directorate Change
Further to the announcement on 28 January 2026, Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at its high-grade Taprobane Minerals Project in Sri Lanka (the "Project"), has now received the following TR1 Form confirming that Sheffield Resources Limited (ASX: SFX) ("Sheffield") no longer has a shareholding in the Company.
Pursuant to the terms of Sheffield's investment in the Company, Sheffield is no longer entitled to appoint a nominee director to the board of the Company. Accordingly, Bruce Griffin has resigned as a Non-Executive Director of Capital Metals with immediate effect. Capital Metals thanks Bruce for his valuable input to date and wishes him well in his other businesses.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i | ||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at-tached ii: |
Capital Metals Plc | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer | ||||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | X | |||||
An acquisition or disposal of financial instruments | ||||||
An event changing the breakdown of voting rights | ||||||
Other (please specify) iii: | ||||||
3. Details of person subject to the notification obligation iv | ||||||
Name | Sheffield Resources Limited | |||||
City and country of registered office (if applicable) | West Perth, Australia | |||||
4. Full name of shareholder(s) (if different from 3.) v | ||||||
Name | ||||||
City and country of registered office (if applicable) | ||||||
5. Date on which the threshold was crossed or reached vi: | 27/01/2026 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 5/02/2026 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
% of voting rights at-tached to shares (to-tal of 8. A) | % of voting rights through financial instru-ments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer (8.A + 8.B) vii | |||
Resulting situation on the date on which threshold was crossed or reached |
0.00 |
0.00 |
0.00 |
0 | ||
Position of previous notification (if applicable) |
10.010000 |
4.760000 |
14.770000 |
| ||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii | ||||||
A: Voting rights attached to shares | ||||||
Class/type of shares ISIN code (if possible) | Number of voting rights ix | % of voting rights | ||||
Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | |||
ORDINARY GB00BMF75608 | 0 | 0 | 0 | 0 | ||
SUBTOTAL 8. A | 0 | 0 | ||||
B 1: Financial Instruments according to DTR5.3.1R (1) (a) | ||||||
Type of financial in-strument | Expiration date x | Exercise/ Conversion Period xi | Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights | ||
SUBTOTAL 8. B 1 | ||||||
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | |||||
Type of financial instrument | Expiration date x | Exercise/ Conversion Pe-riod xi | Physical or cash Settlement xii | Number of voting rights | % of voting rights |
SUBTOTAL 8.B.2 | |||||
9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii | X | |||
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv | ||||
Name xv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial in-struments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
10. In case of proxy voting, please identify: | ||||
Name of the proxy holder | ||||
The number and % of voting rights held | ||||
The date until which the voting rights will be held | ||||
11. Additional information xvi | ||
Notification following confirmation of final contract note and final settlement. | ||
Place of completion | Perth, Australia |
|
Date of completion | 05/02/2026 |
|
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 |
Strand Hanson Limited (Nominated Adviser) Ritchie Balmer / Christopher Raggett / David Asquith | +44 (0) 20 7409 3494 |
Hannam & Partners (Broker & Financial Adviser) 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$150m in direct government royalties and taxes to be paid.
Visit our website:
www.capitalmetals.com
Follow us on social media:
X: @MetalsCapital
LinkedIn: @Capital Metals plc
Related Shares:
Capital Metals