Capella Signs Definitive Agreement with Tümad on Scandinavian Projects
Capella Signs Definitive Agreement with
Tümad on Scandinavian Projects
www.capellaminerals.com
VANCOUVER, BC
,
Sept. 2, 2025
/CNW/ -
Capella Minerals Ltd
(TSXV: CMIL) (OTC Pink: CMILF)
(FRA: N7D2) ("Capella" or the "Company") is pleased to announce that it has signed a Definitive
Agreement with Turkish mining company, Tümad Madencilik Sanayi Ve Ticaret A.S. ("Tümad"), with
respect to a staged earn-in proposal for the Company's portfolio of precious and base metal
projects in
Northern Finland
and
Norway
. The Definitive Agreement contemplates an on-signing cash
payment to Capella and mandatory Year 1 work commitments - including the completion of up to
4,000m
of drilling on the
Northern Finland
project and up to
8,000m
of drilling on the Norwegian
projects for a 30% interest in Capella's holding in the respective project. After the completion of
Year 1, Tümad retains the option to either continue investing in exploration (and thereby increasing
its interest in the respective project(s)) or reverting to a Net Smelter Royalty (NSR) on projects in
each country that it decides not to continue with. Further details of the Tümad earn-in agreement are
provided in the Company News Release dated
June 2, 2025
.
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 extremely pleased to be
announcing today the signing of our Definitive Agreement with Tümad on our Finnish and Norwegian
projects. Tümad's technical team are renowned mine builders, operators, and explorers, and will
complement our successful track record in global exploration and discovery. Tümad's backing will
also be key for Capella to be able to capitalize on the current strong market momentum for both
gold and copper projects. I look forward to making this a highly-successful venture for both parties
and to keeping markets updated on our progress".
A further update on the work programs to be executed in both
Northern Finland
and
Norway
will be
provided shortly.
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 generating gold-copper
projects globally.
Capella announced on
September 2, 2025
, the signing of a Definitive Agreement with Turkish mining
company, Tümad Madencilik Sanayi Ve Ticaret A.S. ("Tümad"), for a staged earn-in on the
Company's portfolio of precious and base metal projects in Scandinavia. Projects covered by the
Tümad earn-in agreement include the Company's five gold-copper projects in the Central Lapland
Greenstone Belt of northern
Finland
(and part of the Cullen Resources Limited JV), 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
1
), all of which are located about 40km SW of Agnico Eagle's Kittilä Gold Mine
1
.
Also included in the Tümad earn-in agreement are the Company's 100% interests in the advanced
exploration-stage Hessjøgruva and adjacent Kongensgruve copper-cobalt-zinc massive sulfide
("VMS") projects in the northern Røros mining district, Trøndelag province, central
Norway
.
Capella also retains a carried 10% interest through to production on the Løkken copper-cobalt-zinc
VMS project of central
Norway
through a partnership with Teako Minerals Corp. ("Teako")
Capella also holds equity positions in Teako and Grit Metals Corp. ("Grit"; formerly European
Energy Metals Corp), together with Net Smelter Royalties on the Savant Gold Project in
Ontario,
Canada
(BeMetals Corp.) and the Central Finland Lithium Projects (Grit), 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 to contact
Karen Davies
, VP Shareholder Relations and Corporate
Development, at Tel: +1.604.314.2662
1
References made to nearby mines and analogous deposits provide context for the Northern Finland project but are not necessarily indicative that these projects host similar
tonnages or grades of mineralization.
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.
www.capellaminerals.com
SOURCE
Capella Minerals Limited
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/September2025/02/c2963.html
%SEDAR: 00023195E
For further information:
Capella Contacts: Eric Roth, Email: [email protected], Karen
Davies, +1.604.314.2662
CO: Capella Minerals Limited
CNW 08:43e 02-SEP-25