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 Fleck@kereport.com.

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