Capital Metals plc (AIM: CMET), a natural resources company focused on the development of the Eastern Minerals Project in Sri Lanka ('the Project'), one of the highest-grade mineral sands projects globally, is pleased to provide a further progress update on activities on the ground in Sri Lanka.
Our Sri Lanka management team has held several meetings with the relevant government authorities and report that good progress is being made with the environmental process, and the Company is expecting further news on this in the coming weeks.
In addition, CMET is pleased to provide the following background information on the Project's potential to open new economic opportunities in eastern Sri Lanka, and the Company's work with local communities and commitment to ecologically sensitive production procedures that ensure all mining areas are fully rehabilitated.