and environmentally responsible mining
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.
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Susie Geliher, Catherine Leftley +44 (0) 20 7236 1177
This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by virtue of the European (Withdrawal) Act 2018.
About Oracle Power PLC: Oracle Power PLC is an international natural resource and power project developer listed on London s AIM market. The Company is focussed on delivering reliable and affordable power in emerging developing markets, unlocking the value of underutilised and undeveloped natural resources to provide energy security and support economic growth and development. Its initial project is the Thar Block VI Project in the Thar desert in the south-east of the Sindh province of Pakistan. The Thar Project is a 66.1 sq km licence containing 1.4 billion tonnes of coal, where the Compa