Capital Metals agrees two-week extension to Ambeon option.

Capital Metals said in an update on Tuesday that it has agreed a two-week extension to the option period granted to Ambeon Capital, allowing further investment in the company until 2 September.

Capital Metals
19 August 2025 12:08:12

Source: Sharecast

The AIM-traded mineral sands developer, which is advancing the high-grade Taprobane Minerals Project in Sri Lanka, said the Ambeon Option permitted Ambeon or its third-party assignees to invest up to an additional $2m at 2.75p per share.

To date, $825,000 had been subscribed under the option, and the board said it expected the full balance was likely to be taken up.

As Ambeon is a substantial shareholder, the extension was considered a related party transaction under the AIM rules.

Capital Metals said its independent directors, after consulting with its nominated adviser Strand Hanson, believed the terms of the extension were “fair and reasonable insofar as the company’s shareholders are concerned”.

At 1059 BST, shares in Capital Metals were up 6.67% at 3.2p.

Reporting by Josh White for Sharecast.com.

N/A

ISIN: N/A

Exchange: N/A

Sell:

N/A

Buy:

N/A

Change:

Date:

Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.