Capella Provides Update on Agreement with Tümad Madencilik

About this update from Capella Minerals Limited

[{"type":"text","content":"\n\n\n\n Capella Provides Update on Agreement with 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.prntar{\nTEXT-ALIGN: RIGHT\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 July 18, 2025\n \n\n /CNW/ -\n \n Capella Minerals Ltd\n \n (TSXV: CMIL) (OTC Pink: CMILF) (FRA: N7D2) (\"Capella\" or the \"Company\") is pleased to provide the following update on the Letter of Intent (\"LOI\") signed by Turkish mining company, Tümad Madencilik Sanayi Ve Ticaret A.S. (\"Tümad\"), with respect to the staged earn-in proposal for the Company's portfolio of precious and base metal projects in Scandinavia (see Company News Release dated\n \n June 2, 2025\n \n ).\n \n\n\n\n\n\n\n\n\n Tümad today advised the Company that no material issues have been identified to date and that the Due Diligence process is in its final stages. Both parties are actively working together to move towards closing through the signing of a Definitive Agreement.\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 both within the highly-prospective Scandinavian region and elsewhere.\n \n\n\n Eric Roth\n \n , Capella's President and CEO, commented today: \"I am sincerely looking forward to working together with the Tümad team, whose highly respected expertise as mine builders and operators will complement our successful track record in global exploration and discovery. I look forward to ensuring a successful venture going forward for both parties\".\n \n\n\n Private Placement Update\n \n\n\n The Company wishes to advise that its previously announced  private placement of 15,000,000 Units at\n \n $0.05\n \n per Unit has been amended to adjust the exercise price of the warrant from\n \n $0.10\n \n for two years to and exercise price of\n \n $0.075\n \n for a period of two years. The ...

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