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Capella Minerals – Definitive Agreement Signed With Strategic JV Earn-In with Turkish Gold Producer

Cory
September 23, 2025

 

We welcome back Eric Roth, President & CEO of Capella Minerals (TSX-V: CMIL – OTCQB: CMILF) for an important company update.

 

Earlier this summer, Capella announced a strategic joint venture earn-in agreement with Tümad Mining, a major Turkish gold producer. That deal is now finalized, setting the stage for significant exploration across Capella’s copper and gold assets in Norway and Finland.

 

Key Discussion Points:

 

  • Definitive JV Agreement Signed: Tümad Mining can earn up to 51% through staged exploration spending.

  • Year 1 Commitment: Minimum of 12,000 meters of drilling (~US$4M), split between the Hessjøgruva copper-cobalt-zinc project (Norway) and the Killero copper-gold target (Finland).

  • Exploration Focus:

    • High-grade VMS copper deposits in Norway’s Hessjøgruva district.

    • Untested gold-copper anomalies in Finland’s Central Lapland Greenstone Belt.

  • Strong News Flow Ahead: Continuous drilling programs expected to deliver steady results over the next 12 months.

  • Capella’s Strategy: While Tümad funds the JV exploration, Capella is advancing plans to add a new 100%-owned copper or gold project to its portfolio.

 

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.


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