Business
Half-year Report
Capital Metals PLC has released its unaudited interim results for the six months ended 30 September 2025, reporting significant progress on its Taprobane Minerals Project in Sri Lanka. Key developments include a substantial increase in the Mineral Resource Estimate tonnes in the Initial Mining Area, with a 15x rise reported. The company secured a $4 million strategic investment from Ambeon Capital and raised approximately $1 million from existing shareholders, ensuring it is well-funded to reach a Final Investment Decision. Engineering studies are advancing, and discussions for pending approvals are ongoing, with improved project economics leading to an increased Net Present Value. The company incurred a loss before tax of $1,069,078 for the period, compared to $446,781 in the prior year, and ended the period with $4,781,609 in cash and cash equivalents. Disclaimer*
About this update from Capital Metals Plc
[{"type":"text","content":"\n\nTHIS 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.\n \n18 December 2025\n \n \nCapital Metals PLC\n(\"Capital Metals\" or the \"Company\")\n \nUnaudited Interim Results for the Six-Month Period Ended 30 September 2025\n \nCapital Metals (AIM: CMET), a mineral sands company approaching mine development stage at its high-grade Taprobane Minerals Project in Sri Lanka (the \"Project\"), announces its unaudited interim results for the six-month period ended 30 September 2025 (the \"Half-Year\").\n \nHalf-Year Highlights:\n \n· Completed Phase 1 Aircore drilling at depth resulting in approximately a 15x increase in Mineral Resource Estimate tonnes in Initial Mining Area\n \n· Significant progress towards project development in key areas:\no Substantial engineering/studies progress towards Final Investment Decision (\"FID\")\no Positive ongoing discussions regarding two key pending approvals\no Project funding advancing\no Building community support\no Growing team in Sri Lanka\no Improved project economics resulting in improved NPV\n \n· Secured $4 million strategic investment with significant new Sri Lankan partner and signed a Memorandum of Understanding (\"MoU\") for Project funding\no Raised approximately $1 million in additional funding from existing shareholder participation\no Prominent Sri Lankan directors joined the Board: cricket legend and business magnate, Aravinda De Silva, and leading Investment Specialist and Ambeon Capital PLC (\"Ambeon Capital\") Director, Savanth Sebastian\n \nGreg Martyr, Executive Chairman of Capital Metals, commented:\n \n\"From the exceptional results of the Phase 1 Aircore drilling programme and the subsequent Mineral Resource Estimate upgrade, to the advancement of engineering, regulatory, and commercial workstreams, we have continued to improve the foundations for Project development. Strategic investments from Ambeon Capital, alongside sup...