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 July 2024
Capital Metals plc
("Capital Metals" or the "Company")
Director / PDMR Shareholding
Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the "Project"), announces that James Leahy, Non-Executive Director, purchased 350,000 ordinary shares of 0.2 pence each ("Ordinary Shares") in the Company on 5 July 2024.
Following this purchase, Mr Leahy holds 2,350,000 Ordinary Shares representing 0.68% of the Company's issued share capital.
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 3554 |
| Tavira Financial Jonathan Evans / Oliver Stansfield | +44 (0)20 7100 5100 |
About Capital Metals
Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Eastern 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.
Appendix - Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
| a) | Name | James Leahy | ||||||||
| 2. | Reason for notification | | ||||||||
| a) | Position/Status | Non-Executive Director | ||||||||
| b) | Initial notification/ Amendment | Initial notification | ||||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
| a) | Name | Capital Metals plc | ||||||||
| b) | LEI | 213800RR4MW1ETEMS859 | ||||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares of 0.2 pence per share par value
ISIN: GB00BMF75608 | ||||||||
| b) | Nature of the transaction | Acquisition of ordinary shares | ||||||||
| c) | Price(s) and volume(s) |
|
| | | | ||||
| | ||||||||||
| d) | Aggregated information
- Aggregated Volume
- Price | Single transaction as in 4 c) above
| ||||||||
| e) | Date of the transaction | 5 July 2024 | ||||||||
| f) | Place of the transaction | On market | ||||||||
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