Capital Metals PLC (LSE:CMET) has released its financial results for the year ending March 31, 2025, underscoring meaningful progress in the development of the Taprobane Minerals Project in Sri Lanka. The company successfully cut the project’s upfront capital costs by one-third, accelerating the path to production while enabling a self-funding model.
Other key achievements included fresh strategic investments, strengthening of the leadership team, and the launch of a drilling campaign designed to increase the project’s mineral resource base. Following the reporting period, Capital Metals also secured more than $3.6 million in new funding and signed a non-binding memorandum of understanding with Ambeon Capital PLC to support future financing needs. Collectively, these steps enhance the company’s position in the global mineral sands sector and reinforce its commitment to generating long-term stakeholder value.
About Capital Metals PLC
Capital Metals PLC is a UK-listed company dedicated to developing the Taprobane Minerals Project in Sri Lanka, recognized as one of the world’s highest-grade mineral sands projects. The project targets the extraction of ilmenite, rutile, zircon, and garnet, minerals vital to industrial supply chains. Capital Metals is committed to modern mining practices while contributing to the local economy and communities through responsible and sustainable operations.
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