Capital Limited (LSE:CAPD) delivered a comprehensive investor update highlighting strong operational performance, a robust growth strategy, and the successful approval process for the second tranche of shares under its oversubscribed USD 40 million placing. Management underscored the company’s position as an integrated services provider to exploration and mining companies across Africa, the Middle East and North America with leading capabilities in drilling, mining services, geochemical laboratories, and strategic investments. Supported by record quarterly revenue, expanding order book visibility, and rising commodity prices led by gold and copper, the company expects continued earnings momentum with improving margins and EBITDA into 2026. The capital raise enhances balance sheet flexibility to secure equipment amid tightening supply chains and to pursue high value contracts driven by increasing exploration and development activity. Leadership emphasised strong institutional shareholder support, disciplined capital allocation, and the long term value of its strategic equity portfolio which has delivered superior returns. The general meeting also covered formal voting on resolutions to authorise share issuance and preemption disapplications, with results to be released via regulatory channels.