Capella Announces Strategic Partnership with Teako Minerals on Løkken Copper-Cobalt-Zinc Project

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[{"type":"text","content":"\n\n\n\n Capella Announces Strategic Partnership with Teako Minerals on Løkken Copper-Cobalt-Zinc Project\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.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml40{\nMARGIN-LEFT:3.33em !IMPORTANT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 19, 2024\n \n\n /CNW/ -\n \n Capella Minerals Ltd\n \n (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) (\"Capella\" or the \"Company\") is pleased to announce that it has executed a Definitive Acquisition Agreement (the \"Agreement\") with Teako Minerals Corp. (CSE: TMIN) (\"Teako\") pursuant to which Teako will acquire a 90% interest in Capella's high-grade Løkken copper-cobalt-zinc (\"Cu-Co-Zn\")  project in Trøndelag, central\n \n Norway\n \n . In accordance with the Agreement, Capella will receive a combination of cash and common shares in Teako within two weeks of signing, a firm commitment by Teako to carrying out drilling on the Åmot target and bringing additional Cu-Co-Zn targets to drill-ready status, with Capella retaining a non-dilutable 10% carried interest on the Løkken project through to commercial production.\n \n\n Capella's Løkken project covers 114 sq. km and contains the past-producing Løkken copper-zinc mining operation, the largest\n \n Cyprus\n \n -type massive sulfide (\"VMS\") deposit known globally with reported past production of 24MT @ 2.3%\n \n\n Cu\n \n\n + 1.9%\n \n\n Zn\n \n 1\n \n ). In addition, the Løkken project contains the drill-ready Åmot VMS target and multiple satellite target areas with the potential for further Løkken-type VMS discoveries (see Company News Release dated July\n \n\n 22, 2024).\n \n\n\n...

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