The KE Report

Capella Minerals - Strategic Exploration Partnership in Finland and Norway


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In this company update, we welcome back Eric Roth, President and CEO of Capella Minerals (TSX.V:CMIL - OTCQB:CMILF), to discuss a major new exploration agreement advancing their gold and copper projects in Norway and Finland.

Capella has signed a multi-stage earn-in deal with Turkish gold producer Tümad Madencilik, a company with 200,000 ounces of annual gold production and ambitions to expand internationally. The agreement could see up to US$12 million in exploration expenditures across Capella’s Scandinavian assets, without any corporate-level dilution.

 

Eric explains:

  • How the relationship with Tümad developed from his previous success with Mariana Resources and the Hot Maden discovery.

  • The three-stage earn-in structure, with Tumad able to earn up to 51% by funding exploration work.

  • Immediate exploration plans for summer 2025, including drill programs at the Hessjøgruva copper project in Norway and the gold-copper targets in Finland.

  • The flexibility for potential future acquisitions and Tümad’s appetite for additional projects.

  • If you have any follow up questions for Eric please email me at [email protected].

     

    Click here to visit the Capella Minerals website to learn more about the Company.

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