Capella Minerals is pleased to announce that Teako Minerals, the Company's strategic partner at the expanded Løkken copper-cobalt-zinc massive sulfide project, has initiated a scout diamond drill program at the Åmot Cu-Co-Zn target. The Åmot target is a 2km-long "buried" VMS target hosted within favourable stratigraphy for VMS-type deposits and located just 5km E of the former Løkken copper mining operations. The Åmot [...]
Capella Minerals is pleased to announce that it has received regulatory acceptance to its previously announced share consolidation. The Company's current outstanding shares 236,985,195 will consolidate on a 6 old for 1 new basis giving the Company 39,497,532 common shares outstanding post-consolidation. The Company anticipates its shares trading on a post-consolidated basis at the opening on Dec 23, 2024 under the new [...]
Capella Minerals is pleased to announce a corporate update and non-brokered financing concurrently with share consolidation. Capella will focus on its Northern Finland gold-copper projects and the advanced exploration-stage Hessjøgruva copper-cobalt-zinc project, having streamlined its portfolio through the divestiture of non-core assets in the Americas. Capella also entered in to a strategic partnership with [...]
Capella Minerals is pleased to announce that it has executed a Definitive Acquisition Agreement with Teako Minerals Corp. pursuant to which Teako will acquire a 90% interest in Capella's high-grade Løkken copper-cobalt-zinc project. In accordance with the Agreement, Capella will receive a combination of cash and common shares in Teako within two weeks of signing, a firm commitment by Teako to carrying out drilling on the [...]
Capella Minerals is pleased to provide the following update as we focus on our Scandinavian project portfolio, following the regaining of a 100% interest in its high-grade copper-cobalt-zinc projects in the Løkken and Røros mining districts and including the drill-ready targets at Åmot and Hessjøgruva. The Company's project portfolio was also streamlined during H1, 2024, with the divestiture of two non-core assets in the [...]
Capella Minerals announces that the Company and Polar Transition Minerals AS, following the elapse of the long stop date, have agreed an immediate termination of the asset sale agreement as previously announced on October 17, 2023 and subsequently amended on April 9, 2024. Under such Transaction, Polar would have acquired Capella's central Norway copper portfolio by the agreed long stop date of July 7, 2024. Eric Roth [...]
VANCOUVER, BC , May 21, 2024 /CNW/ - Capella Minerals Ltd. and JV partner Austral Gold Ltd are pleased to announce entering in to a Share Purchase Agreement with Unico Silver Ltd through which Unico will acquire a 100% interest in Sierra Blanca S.A., the Argentine subsidiary whose sole asset is the Sierra Blanca gold-silver project in Santa Cruz Province. Capella and Austral currently own 45.31% and 54.69% interests [...]
Capella Minerals Ltd. announces that the Company and Polar Transition Metals AS have mutually agreed on a 90-day extension of the long-stop date in order to close the asset sale agreement previously announced on October 17, 2023 . The amended long-stop date to close the Agreement is now July 7, 2024. This extension paves the way for the ongoing Initial Public Offering of Polar on Euronext Growth in Oslo, Norway. Julien [...]
Capella Minerals Ltd. is pleased to announce that it has entered in to a Property Acquisition Agreement with Prospector Metals Corp. through which Prospector will acquire a 100% interest in the Savant Gold Project in Ontario, Canada. Prospector has been exploring the Savant Gold Project through an Earn-In Agreement announced in September, 2020, and has defined a number of high-grade gold targets from work conducted within [...]
Capella Minerals Ltd. notes today's News Release from Joint Venture partner European Energy Metals Corp. in which it confirms that it has completed CAD 1 million in exploration expenditures on the Central Finland Lithium Project , being a key requirement for earning-in to an initial 51% interest in the Project as per the original Earn-In Agreement . European Energy's field teams completed extensive summer/autumn 2023 [...]
Capella Minerals Ltd. is pleased to announce that it has been granted an additional exploration permit covering the Killero West copper-gold target within the Company's highly-prospective Central Lapland Greenstone Belt portfolio, Northern Finland. The Killero West permit complements the five exploration permits which were previously granted in May, 2023, including the Killero East permit where exceptional historical Base [...]
Capella Minerals Ltd. wishes to advise that it has completed its previously announced non-brokered private placement. Further to that news release, the Company was able to negotiate the sale of an aggregate 41,775,000 units at $0.03 per unit for gross proceeds of C$1,253,250 and has issued the shares and warrants to participants. The shares issued are subject to a hold period trading restriction expiring March 10, 2024 [...]
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