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CAPELLA MINERALS AND HILO MINING ANNOUNCE SIGNING OF DEFINITIVE AGREEMENT TO ADVANCE CENTRAL FINLAND LITHIUM PORTFOLIO
CAPELLA MINERALS AND HILO MINING ANNOUNCE SIGNING OF DEFINITIVE AGREEMENT TO ADVANCE CENTRAL FINL...
About this update from Capella Minerals Limited
[{"type":"text","content":"\n \n \n \n CAPELLA MINERALS AND HILO MINING ANNOUNCE SIGNING OF DEFINITIVE AGREEMENT TO ADVANCE CENTRAL FINLAND LITHIUM 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 March 20, 2023\n \n \n /CNW/ - Hilo Mining Ltd. (\"\n \n \n Hilo\n \n \n \") (TSXV:\n \n HILO\n \n ) is pleased to announce that it has entered into a definitive earn-in agreement (the \"\n \n Earn-In Agreement\n \n \") with Capella Minerals Ltd. (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) (\"\n \n Capella\n \n \") to earn up to an 80% interest in a portfolio of lithium (lithium-cesium-tantalum, or \"LCT\") and rare-earth element (\"REE\") pegmatite reservations held by Capella in central\n \n Finland\n \n (the \"\n \n Property\n \n \").\n \n \n \n \n \n \n \n \n \n The portfolio consists of five lithium (lithium-cesium-tantalum, or \"LCT\") and rare-earth element (\"REE\") pegmatite reservations in central\n \n Finland\n \n . These reservations cover a total area of 2,300 square kilometers and are focused on LCT pegmatite complexes located within the Järvi-Pohjanmaa and Seinäjoki lithium-permissive tracts as defined by the Geological Survey of\n \n Finland\n \n (\"GTK\"). Four of the reservations (Nabba, Lappajärvi W, Lappajärvi E, and Kaatiala) lie immediately adjacent to, and to the south of, Keliber Oy's spodumene mine development project in the Kaustinen district.\n \n \n \"I'm pleased to announce the Earn-In Agreement and look forward to partnering with Capella on the exploration and development of this project\", said\n \n Jeremy Poirier\n \n , the Chief Executive Officer of the Company. He continued, \"I'm excited about the prospect to be part of the growth of lithium and REE production in\n \n Finland\n \n , which I believe itself has the potential to become one of\n \n Europe's\n \n major sources of these critical commodities.\"\n \n \n \n Eric Roth\n \n , Capella's President and CEO commented: \"We are extremely pleased to be partnering together with\n \n Hilo\n \n on the advancement o...