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Capella Announces Signing of Exploration Agreement with Leading Turkish Mining Company, Tümad Madencilik
Capella Announces Signing of Exploration Agreement with Leading Turkish Mining Company, Tüma...
About this update from Capella Minerals Limited
[{"type":"text","content":"\n\n\n\n Capella Announces Signing of Exploration Agreement with Leading Turkish Mining Company, Tümad Madencilik\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n www.capellaminerals.com\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n June 2\n \n , 2025\n \n /CNW/ -\n \n Capella Minerals Ltd\n \n (TSXV: CMIL) (OTC Pink: CMILF) (FRA: N7D2) (\"Capella\" or the \"Company\") is pleased to announce that it has signed a Non-Binding Letter of Intent (the \"LOI\" or \"Agreement\") with leading 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 Scandinavia. Under the terms of the Agreement, Tümad will have the exclusive option to earn-in to majority interests in Capella's Norwegian copper-cobalt-zinc projects and Finnish gold-copper projects through a series of exploration and development investments.\n \n\n\n\n\n\n\n\n\n The current LOI is expected to be subject to a further 30 day Due Diligence period.\n \n\n 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 in to the highly prospective Scandinavian region.\n \n\n\n Eric Roth\n \n , Capella's President and CEO, commented today: \"I am extremely pleased to be announcing today this strategic partnership with leading mining company Tümad. I strongly believe that the respective strengths of the two Companies – Capella's team with its highly-successful exploration / discovery history and operating experience both within Scandinavia and elsewhere globally, together with Tümad's highly successful mine building and operational experience – will combine to ensure a successful venture going forward for both parties.\"\n \n\n\n Highlights\n \n\n\n Key terms of the Capella – Tümad Agreement are as f...