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Capella Announces Signing of Exploration Agreement with Leading Turkish Mining Company, Tümad Madencilik
Capella Minerals Ltd (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 int
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[{"type":"text","content":"www.capellaminerals.com","length":23,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC, June 2, 2025 /CNW/ - Capella Minerals Ltd (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.","length":775,"tagName":"p"},{"type":"image","alt":"Capella Minerals Ltd. logo (CNW Group/Capella Minerals Limited)","displaySize":"","headline":null,"caption":"Capella Minerals Ltd. logo (CNW Group/Capella Minerals Limited)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":206,"url":"https://media.zenfs.com/en/cnwgroup.com/57571c4a340be93ce0ff79f45f894ad4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Rfc_ohRNbRg4v02bOxC1aw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM2MztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/57571c4a340be93ce0ff79f45f894ad4","width":400,"height":206}},"href":"https://mma.prnewswire.com/media/2700469/Capella_Minerals_Limited_Capella_Announces_Signing_of_Exploratio.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The current LOI is expected to be subject to a further 30 day Due Diligence period.","length":83,"tagName":"p"},{"type":"text","content":"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.","length":313,"tagName":"p"},{"type":"text","content":"Eric Roth, 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...