TIDMCMET

Capital Metals PLC

13 October 2023

RNS REACH

13 October 2023

Capital Metals plc

("Capital Metals" or the "Company")

Update re Ministry of Environment

Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the "Project"), notes a Gazette notification issued in Sri Lanka announcing that the Ministerial Portfolio of Environment, which includes responsibility for the Geological Survey and Mines Bureau, is being brought under the purview of President Ranil Wickremesinghe.

For further information, please visit www.capitalmetals.com or contact:

 
  Capital Metals plc                       Via Vigo Consulting 
   Greg Martyr (Executive Chairman) 
  Vigo Consulting (Investor Relations)     +44 (0)20 7390 0234 
   Ben Simons / Peter Jacob                 capitalmetals@vigoconsulting.com 
  SPARK Advisory Partners (Nominated 
   Adviser) 
   Neil Baldwin / James Keeshan            +44 (0)20 3368 3554 
  Tavira Financial 
   Jonathan Evans / Oliver Stansfield      +44 (0)20 7100 5100

About Capital Metals

Capital Metals plc is a British company listed on the AIM segment of the London Stock Exchange and one of only a few foreign investors in Sri Lanka's mining industry. After investing US$11 million in exploration and development activities including detailed environmental assessments between 2017 and 2022, the Company's Sri Lankan subsidiary, Damsila Exports (Pvt) Limited, was issued an initial two licences in August 2022 to mine heavy mineral sands in the Eastern Province, containing industrial minerals including ilmenite, rutile, zircon, and garnet.

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END

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October 13, 2023 08:13 ET (12:13 GMT)

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