Capital Metals Share News (CMET)

AIM WINNERS & LOSERS: Image Scan up on expected swing to profit

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

IN BRIEF: Capital Metals welcomes changes in Sri Lanka

Capital Metals PLC - London-based, Sri Lanka-focused mineral sands mining company - On Friday, says it understands that the board of investment of Sri Lanka, the investment promotion agency, will now be involved in the appraisal of and recommendation for the approval of mineral licences while the GSMB will have a continuing role in managing licences. This follows a Sri Lankan government cabinet paper setting out a change in mineral licensing procedures which was approved in late July. Adds the company is in the final stages of establishing a board of investment company which will hold all its interests in Sri Lanka and will be afforded the direct protections against nationalisation. Greg Martyr, executive chair says: "Through a combination of procedural reforms and public inquiries, it is pleasing to see the ability to abuse authority and frustrate the mineral licensing process is gradually ebbing away from officials in the GSMB. This can only be a good thing for the country and our situation."

UK shareholder meetings calendar - next 7 days

AIM WINNERS & LOSERS: Cambria Africa plummets on resuming trading

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Capital Metals annual loss narrows but year "challenging"

(Alliance News) - Capital Metals PLC on Friday achieved a narrowed annual loss during what it labelled as an "extremely challenging year".

IN BRIEF: Capital Metals extends memorandum with LB Group to December

Capital Metals PLC - London-based, Sri Lanka-focused mineral sands mining company - Extends memorandum of understanding with LB Group to December 31, in order to fund the project into production. LB Group is a manufacturer of high-performance titanium dioxide pigments and sponge. The agreement, previously announced in May, is to fund the Eastern Minerals project into production. LB Group will "fully" fund the project, which is estimated to cost USD81 million.

Capital Metals shares fall as announces lobbying for mining licences

(Alliance News) - Capital Metals PLC on Monday said it has been engaged in extensive lobbying actions regarding its temporarily suspended industrial mining licences 16236 and 16237 in Sri Lanka, as well as project development activities.

Capital Metals launches subscription to accelerate Sri Lanka project

(Alliance News) - Capital Metals PLC on Monday said it has launched a subscription to raise over GBP360,000 from mainly non-UK investors, in part to help lift suspensions on its mining licences and advance an environmental impact study.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Capital Metals CEO steps down; announces further fundraise

Capital Metals PLC - Sri Lanka-focused mineral sands company - Says Michael Frayne will step down as chief executive officer and as director. Adds a new CEO with "applicable experience" will be recruited in due course. Non-Executive Chair Greg Martyr will take over the management of firm as executive chair. Both are with effect from July 1.

AIM WINNERS & LOSERS: Bidstack annual loss widens as costs climb

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Capital Metals share drop on discounted GBP500,000 placing

(Alliance News) - Capital Metals PLC on Tuesday said it has raised GBP500,000 through a placing, in hopes of listing two suspended industrial mining licences.

TRADING UPDATES: Tintra in Rwandan push, Steepe Cement profit flat

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

IN BRIEF: Capital Metals plans to appeal mining licence suspension

Capital Metals PLC - Sri Lanka-focused mineral sands company - Updates regarding the temporary suspension by the Geological Survey & Mines Bureau of the company's industrial mining licences. Company says it is consulting with its international and local legal advisers but considers the reasons for the notice of cancellation to be devoid of merit. Plans to follow the appeal procedure in accordance with Sri Lanka's Mines & Minerals Act which stipulates that a cancellation shall not take effect unless and until an appeal has been disallowed. Chair Greg Martyr says: "We believe the notice of cancellation of the IMLs is a desperate act of a small number of individuals within the GSMB and, given what is at stake, will be overturned when common sense prevails."

Capital Metals jumps on non-binding deal with LB Group

(Sharecast News) - Mineral sands specialist Capital Metals has signed a memorandum of understanding (MoU) with titanium dioxide pigments and sponge manufacturer LB Group, it announced on Tuesday.