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Capella Applies for New Lithium Reservation in Southern Finland to Expand Battery Metal Portfolio
Capella Applies for New Lithium Reservation in Southern Finland to Expand Battery Metal P...
About this update from Capella Minerals Limited
[{"type":"text","content":"\n \n \n \n Capella Applies for New Lithium Reservation in Southern Finland to Expand Battery Metal Portfolio\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 \n VANCOUVER, BC\n \n \n ,\n \n \n Sept. 12, 2022\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 applied for an Exploration Reservation (\"Perho\") covering an area of 50 sq km over the Eräjärvi Lithium-Cesium-Tantalum (\"LCT\") pegmatite field in southern Finland. The Perho Reservation (VA2022:0056 and shown in green in Figure 1) covers the former Seppälä lithium mine and lies adjacent to the former Viitaniemi and Juurakko feldspar-quartz(-lithium) mines, which are reported by the Finnish geological survey (\"GTK\") to have ceased production in 1965 and 1935, respectively. Significantly, more than 70 pegmatite dykes, enriched in B, Be, Li, Nb, Sn and Ta, are reported from the area (Eilu 2012, Lahti 1981, Aviola 2004). Little modern systematic exploration for lithium deposits has been undertaken in the area.\n \n \n The new Perho Reservation has been applied for by local subsidiary\n \n Cullen Finland Oy\n \n , which is currently owned 70:30 by Capella and ASX-listed Cullen Resources Ltd (ASX: CUL).\n \n Cullen Finland Oy\n \n is also owner of the Katajavaara-Aaeknus gold-copper project in the highly-prospective Central Lapland Greenstone Belt.\n \n \n \n \n \n \n \n \n \n Figure 1. Perho reservation over the Eräjärvi LCT pegmatite field.\n \n \n \n Eric Roth\n \n , Capella's President and CEO, commented: \"The application for the Perho Reservation over the Eräjärvi lithium pegmatite field has the potential to provide Capella with further exposure to the metals required for\n \n Europe's\n \n green energy transition and energy storage. LCT pegmatites are important global sources of lithium, cesium, and tantalum as well as other by-products. In conjunction with our high-grade copper-cobalt assets in\n \n Norway\n \n , the...