Issue of Equity/Options Grant/TVR

Capital Metals PLC

15 June 2026

 

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.

15 June 2026

Capital Metals PLC

("Capital Metals" or the "Company")

Issue of Equity, Grant of Options
&
Total Voting Rights

Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at its high-grade Taprobane Minerals Project in Sri Lanka (the "Project"), announces it has issued 153,595 Ordinary shares to Hannam & Partners in consideration of corporate broking and research fees at an issue price of £0.050783 per share (equal to £7,800.00) ("Fee Shares"), based on the 30-day volume-weighted average price of the Company's shares from 14 April 2026 to 27 May 2026.

The Company has also granted share options to subscribe for 500,000 new Ordinary shares in the Company to the Company's technical manager. The Options will be exercisable on the terms below for up to five years from the date of grant, subject to the following vesting conditions having been satisfied:

i.      250,000 Options with an exercise price of 5 pence per share to vest on the first anniversary of the date of grant; and

ii.     250,000 Options with an exercise price of 5 pence per share to vest on the second anniversary of the date of grant.

Admission and Total Voting Rights

Application has been made for the Fee Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Fee Shares will commence at 8.00 a.m. on or around 18 June 2026. The Fee Shares will rank pari passu with the ordinary shares of the Company in issue.

Following Admission, the Company's issued share capital will comprise 492,299,412 Ordinary shares, each carrying one voting right. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to (i) the Company's Articles, (ii) the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and/or (iii) the AIM Rules for Companies issued by the London Stock Exchange plc as amended from time to time.

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 / Seb Weller	[phone] [e-mail]
Strand Hanson Limited (Nominated Adviser) Ritchie Balmer / Christopher Raggett	[phone]
Hannam & Partners (Broker & Financial Adviser) Andrew Chubb / Leif Powis	[phone]

About Capital Metals

Capital Metals is a UK company listed on the London Stock Exchange (AIM: CMET). We are developing the Taprobane 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$150m in direct government royalties and taxes to be paid.

Visit our website:

www.capitalmetals.com

Follow us on social media:

X: @MetalsCapital

LinkedIn: @Capital Metals plc

 

END