PAL Equatorial Palm Oil Plc

TIDMCMET

Capital Metals PLC

08 December 2021

8 December 2021

Capital Metals plc

("CMET" or the "Company")

Initiation of Research

Capital Metals plc (AIM:CMET), a natural resources company focused on the development of the Eastern Minerals Project located in the Eastern Province in Sri Lanka ("the Project"), one of the highest-grade mineral sands projects globally, announces that WH Ireland ("WHIe") has recently initiated coverage on the Company. with a target share price of 33p.

WHIe commented:

"Low capital cost of $40m (WHIe) ensures the Project is robust and we see fair value at 33.3p from a risked DCF. Milestones and risk reduction as Capital (Metals) goes through the various stages should see us lower our risk rating."

The full text of the Research initiation can be found at WHIe's website as follows:

https://www.whirelandplc.com/research-portal

No material new financial or other information is provided.

For further information, please visit www.capitalmetals.com or contact:

 
 Capital Metals plc                               James.mahony@capitalmetals.com 
  Michael Frayne (CEO) 
  James Mahoney (CFO) 
 SPARK Advisory Partners (Nominated 
  Adviser) 
  Neil Baldwin / James Keeshan                    +44 (0) 20 3368 3554 
 WH Ireland Limited (Joint Broker) 
  Harry Ansell / Katy Mitchell                    +44 (0) 20 7220 1666 
 Brandon Hill Capital Limited 
  (Broker) 
  Jonathan Evans/Oliver Stansfield                +44 (0) 20 3463 5000 
 

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(END) Dow Jones Newswires

December 08, 2021 02:34 ET (07:34 GMT)

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