Issue of Equity & Total Voting Rights

Issue of Equity

&

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"), has issued 146,550 Ordinary shares to Hannam & Partners in consideration of corporate broking and research fees at an issue price of £0.051177 per share (equal to £7,500) ("Fee Shares"), based on the 30-day volume-weighted average price of the Company's shares from 17 October 2025 to 28 November 2025.

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 21 January 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 491,976,019 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.

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