Capella Minerals - Definitive Agreement Signed With Strategic JV Earn-In with Turkish Gold Producer
We welcome back Eric Roth, President & CEO of Capella Minerals (TSX-V: CMIL - OTCQB: CMILF) for an important company update.
Earlier this summer, Capella announced a strategic joint venture earn-in agreement with Tümad Mining, a major Turkish gold producer. That deal is now finalized, setting the stage for significant exploration across Capella’s copper and gold assets in Norway and Finland.
Key Discussion Points:
- Definitive JV Agreement Signed: Tümad Mining can earn up to 51% through staged exploration spending.
- Year 1 Commitment: Minimum of 12,000 meters of drilling (~US$4M), split between the Hessjøgruva copper-cobalt-zinc project (Norway) and the Killero copper-gold target (Finland).
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- High-grade VMS copper deposits in Norway’s Hessjøgruva district.
- Untested gold-copper anomalies in Finland’s Central Lapland Greenstone Belt.
Exploration Focus:
- Strong News Flow Ahead: Continuous drilling programs expected to deliver steady results over the next 12 months.
- Capella’s Strategy: While Tümad funds the JV exploration, Capella is advancing plans to add a new 100%-owned copper or gold project to its portfolio.
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