RE: CMET and the opportunity before us30 May 2024 10:09
Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the "Project"), is pleased to confirm that legal agreements are well advanced for Sheffield Resources Limited (ASX: SFX) ("Sheffield") to acquire a 50% interest in the Project in consideration for providing development capital by way of joint venture project equity. Whilst the legal agreements will not be completed in May, Capital Metals expects the transaction to close shortly.