Capella Provides Update on Agreement with Tümad Madencilik
Capella Provides Update on Agreement with
Tümad Madencilik
www.capellaminerals.com
VANCOUVER, BC
,
July 18, 2025
/CNW/ -
Capella Minerals Ltd
(TSXV: CMIL) (OTC Pink: CMILF)
(FRA: N7D2) ("Capella" or the "Company") is pleased to provide the following update on the Letter
of Intent ("LOI") signed by Turkish mining company, Tümad Madencilik Sanayi Ve Ticaret A.S.
("Tümad"), with respect to the staged earn-in proposal for the Company's portfolio of precious and
base metal projects in Scandinavia (see Company News Release dated
June 2, 2025
).
Tümad today advised the Company that no material issues have been identified to date and that the
Due Diligence process is in its final stages. Both parties are actively working together to move
towards closing through the signing of a Definitive Agreement.
Tümad currently produces approximately 200,000 ounces of gold per annum from two mining
operations located in western Türkiye. This strategic partnership with Capella is expected to provide
Tümad with an excellent opportunity to expand its international footprint both within the highly-
prospective Scandinavian region and elsewhere.
Eric Roth
, Capella's President and CEO, commented today: "I am sincerely looking forward to
working together with the Tümad team, whose highly respected expertise as mine builders and
operators will complement our successful track record in global exploration and discovery. I look
forward to ensuring a successful venture going forward for both parties".
Private Placement Update
The Company wishes to advise that its previously announced private placement of 15,000,000 Units
at
$0.05
per Unit has been amended to adjust the exercise price of the warrant from
$0.10
for two
years to and exercise price of
$0.075
for a period of two years. The Company feels that this
adjustment, while relatively small, will further incentivize and attract investors. All other terms remain
the same.
Qualified Person and Disclosure Statement
The technical information presented in this news release has been prepared in accordance with
Canadian regulatory requirements as set out in National Instrument 43-101 ("NI 43-101") and
approved by
Eric Roth
, the Company's President & CEO, a Director, and a Qualified Person under
NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of
Western Australia
, is
a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society
of Economic Geologists (SEG). Mr. Roth has over 35 years of experience in international minerals
exploration and mining project evaluation.
On Behalf of the Board of Capella Minerals Ltd.
"Eric Roth"
Eric Roth
, Ph.D., FAusIMM
President & CEO
About Capella Minerals Ltd
Capella is a Canadian exploration and development company with a focus on global gold-copper
projects and is currently exploring in the well-endowed Central Lapland Greenstone Belt of northern
Finland
& in the former copper-cobalt-zinc mining districts of central
Norway
.
In northern
Finland
, the Company's portfolio consists of 5 copper-gold projects including the priority
Killerö E target (a former
Anglo American
copper-gold project that was never drill tested) and the
Saattopora W target (the western extension to Outokumpu Oy's Saattopora former copper-gold
mine
2
) - all of which are located about 40km SW of Agnico Eagle's Kittilä Gold Mine, currently the
largest gold producer in
Europe
.
In the Trøndelag Province of central
Norway
, the Company's focus is on the discovery of high-grade
copper-cobalt massive sulfide (VMS) deposits in the former mining districts of Løkken and Røros.
The Company's portfolio includes: i) a 100% interest in the advanced exploration-stage Hessjøgruva
copper-cobalt project and adjacent Kongensgruve project in the northern Røros mining district, and
ii) exposure to the discovery of new satellite copper-cobalt-zinc VMS targets around the past-
producing Løkken copper mine through a partnership with Teako Minerals Corp.
Capella also holds equity positions in Teako Minerals Corp. and Grit Metals Corp. (formerly
European Energy Metals Corp) as a result of the recent divestiture of non-core assets.
For additional information you are cordially invited to visit the Capella Minerals Ltd website at
www.capellaminerals.com
, or contact
Karen Davies
, VP Shareholder Relations and Corporate
Development, at Tel: +1.604.314.2662
Cautionary Notes and Forward-looking Statements
This news release contains forward-looking information within the meaning of applicable securities
legislation. Forward-looking information is typically identified by words such as: believe, expect,
anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature,
refer to future events. Such statements include, without limitation, statements regarding the future
results of operations, performance and achievements of Capella, including the timing, completion
of and results from the exploration and drill programs described in this release. Although the
Company believes that such statements are reasonable, it can give no assurances that such
expectations will prove to be correct. All such forward-looking information is based on certain
assumptions and analyses made by Capella in light of their experience and perception of historical
trends, current conditions and expected future developments, as well as other factors management
believes are appropriate in the circumstances. This information, however, is subject to a variety of
risks and uncertainties and other factors that could cause actual events or results to differ
materially from those projected in the forward-looking information. Important factors that could
cause actual results to differ from this forward-looking information include those described under
the heading "Risks and Uncertainties" in Capella's most recently filed MD&A. Capella does not
intend, and expressly disclaims any obligation to, update or revise the forward-looking information
contained in this news release, except as required by law. Readers are cautioned not to place
undue reliance on forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE
Capella Minerals Limited
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For further information:
Capella Contacts: Eric Roth, Email: [email protected]; Karen
Davies, +1.604.314.2662
CO: Capella Minerals Limited
CNW 10:26e 18-JUL-25