In this detailed article, we delve into an insightful conversation with Greg Martr, the Executive Chairman of Capital Metals, a mineral sands company on the verge of mine development at the high-grade Taprobane Minerals Project in Sri Lanka.
This interview reveals exciting news about a strategic investment and the subsequent project development that is set to propel Capital Metals forward. Drawing from our discussion, I explore the significance of this investment, the partnership with a local fund group, the company's funding strategy, and the promising outlook for the project and its share price.
Introduction to the Strategic Investment
Capital Metals recently announced a strategic investment of US$2 million by Ambeon Capital PLC, a well-established fund group based in Sri Lanka, with an option to invest an additional US$2 million within 45 days. This development is a major milestone for Capital Metals as it nears the final investment decision (FID) stage for the Taprobane Minerals Project. The investment not only provides crucial funding but also brings on board a valuable local partner with deep commercial and mining sector experience.
Greg Martr shared that the relationship with Ambeon Capital was established through an interesting and somewhat serendipitous introduction last October. The three key principals of Ambeon were educated in Australia, have extensive funds under management, and returned to Sri Lanka about 15 years ago to establish their fund group. Their understanding of mining in Sri Lanka, though somewhat rare, made them an ideal partner for Capital Metals. Greg emphasised the smooth collaboration and mutual understanding that developed quickly between the two parties, which is critical for the joint venture’s success.
https://www.share-talk.com/greg-martr-the-executive-chairman-of-capital-metals-talks-to-zak-mir/
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