Capella Minerals Ltd. is pleased to announce that it has closed its previously announced private placement and that the placement has been upsized to accommodate the oversubscribed non-brokered placement. The Company has successfully completed the sale of an aggregate 26,893,333 units at a price of C$0.06 per unit for gross proceeds of C$1,611,600. Each unit issued consists of one common share and one-half of a share [...]
Capella Minerals Ltd. is pleased to announce that it has entered in to a binding letter agreement with elementX Finland Oy for the acquisition of a 100% interest in a portfolio of seven lithium pegmatite and rare-earth element reservations in southern Finland . The elementX projects are predominantly focused on LCT pegmatite complexes located within the Järvi-Pohjanmaa and Seinäjoki lithium-permissive tracts as defined by [...]
Capella Minerals Ltd. advises that it has informed EMX Royalty Corp of its intention to return 7 gold exploration claims that constitute approximately 90% of the original Southern Gold Line property package in northern Sweden. However, Capella will retain a 100% interest in an eighth licence covering an area of 44 sq. km and which is currently being explored for high-grade copper targets. Eric Roth, Capella's President [...]
Capella Minerals Ltd. is pleased to announce that it has applied for an Exploration Reservation covering an area of 50 sq km over the Eräjärvi Lithium-Cesium-Tantalum pegmatite field in southern Finland. The Perho Reservation covers the former Seppälä lithium mine and lies adjacent to the former Viitaniemi and Juurakko feldspar-quartz mines, which are reported by the Finnish geological survey to have ceased production in [...]
Capella Minerals Ltd. is pleased to advise that it has filed an independent National Instrument 43-101 technical report on the Company's high-grade Hessjøgruva copper-zinc-cobalt massive sulfide project in central Norway. This report represents the first NI 43-101 compliant technical report to be completed on the Hessjøgruva project and provides a detailed review of all exploration activities undertaken to date . A copy [...]
Capella Minerals Ltd. is pleased to advise that Prospector Metals Corp. has today provided the market with a further update on its ongoing exploration activities at the Savant Gold Project in Ontario, Canada. Prospector is currently earning-in to a 70% interest in Savant in return for a combination of annual cash and share payments to Capella together with the sole funding of CAD 2M of staged work commitments prior to [...]
Capella Minerals Ltd. is pleased to report that it has expanded its mineral claim holdings in the Hessjøgruva district through the granting of 20 square kilometres of exploration claims over the past-producing Kongensgruve district. The central portion of the Kongensgruve claim block lies approximately 6km east of the Company's 100%-owned Hessjøgruva project, contains a series of known copper-zinc-cobalt occurrences , and [...]
Capella Minerals Ltd. is pleased to announce that, as part of its "first mover" strategy in Norway, it has successfully staked a series of exploration claims located in the past-producing Vaddas-Birtavarre copper-cobalt+/-zinc massive sulfide district of northern Norway. The Vaddas-Birtavarre district is located in the Finnmark og Troms Province, some 60km E of the regional centre of Trømso and immediately to the west of [...]
Capella Minerals Ltd. is pleased to advise that Prospector Metals Corp. has today provided the market with an update on its ongoing exploration activities at the Savant Gold Joint Venture . Prospector is currently earning-in to a 70% interest in Savant through the sole funding of CAD 2M of work commitments on this highly-prospective but underexplored property, and by making staged cash and share payments to Capella. Key [...]
Capella Minerals Ltd. is pleased to announce that GeoVista Aktiebolag has been engaged by the Company to complete a Canadian National Instrument 43-101 compliant technical report for its recently-acquired and 100%-owned Hessjøgruva copper-zinc-cobalt project in Trøndelag Province, central Norway. GeoVista's independent technical report is expected to place the Hessjøgruva project on the path towards a maiden NI 43-101 [...]
Capella Minerals Ltd. announces that, as a result of a review by the British Columbia Securities Commission , the Company is issuing the following News Release to clarify disclosure. The Company announced the acquisition of a 100% interest in the copper-cobalt Hessjøgruva project in central Norway and indicated that previous mining companies - including Røros Kobberverk AS, an important copper miner that had previously [...]
Capella Minerals Ltd. is pleased to provide the following update on ongoing exploration and development activities at the Company's 100%-owned Hessjøgruva, Kjøli, and Løkken copper-zinc-cobalt projects in central Norway. The Company's immediate priority will be to bring its recently acquired Hessjøgruva project in to a Canadian National Instrument 43-101 compliant mineral resource, in addition to driving the discovery of [...]
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