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.