Appointment of Broker & Financial Advisor

Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Taprobane Minerals Project in Sri Lanka (the "Project"), is pleased to announce the appointment of Hannam & Partners as sole Broker and Financial Advisor to the Company with immediate effect.

Hannam & Partners is an independent specialist natural resource sector investment bank which has completed over £45 billion worth of transactions since 2013 including within the heavy mineral sands sector where it has a deep network of industry connections. Hannam & Partners' primary mandate is to assist with the overall financing package for the Project which is expected to comprise of offtake, vendor, and local partner financing, supplemented by debt as required. Hannam & Partners will additionally provide broking services including equity research.

Greg Martyr, Executive Chairman of Capital Metals, commented:

"Our goal is to reach a Final Investment Decision by the end of Q2. A key component for that will be assembling the financing package on the best possible terms. Hannam & Partners has tremendous experience in assisting companies to do just that. They have great enthusiasm for our Project, which they visited last month, and we are looking forward to working with them."

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