STOCK TITAN

Capella Minerals Limited - CMILF STOCK NEWS

Welcome to our dedicated page for Capella Minerals news (Ticker: CMILF), a resource for investors and traders seeking the latest updates and insights on Capella Minerals stock.

Capella Minerals Ltd (CMILF) is engaged in the acquisition, exploration, and development of mineral resource properties in favorable jurisdictions. The company focuses on European base and battery metals projects, including copper-gold projects in Finland and copper-cobalt projects in Norway. Capella holds exploration permits for priority projects like Killero East and Killero West in the Central Lapland Greenstone Belt and is actively exploring for lithium and rare-earth element deposits in central Finland. Additionally, Capella is pursuing strategic alternatives for projects in Canada and Argentina, aiming to divest non-core assets and concentrate on Scandinavian exploration assets.

Rhea-AI Summary

Capella Minerals (TSXV: CMIL) (OTCQB: CMILF) has signed a Definitive Acquisition Agreement with Teako Minerals Corp (CSE: TMIN) for the Løkken copper-cobalt-zinc project in Norway. Key terms include:

1. Teako acquires 90% interest
2. Capella receives $C 350,000 cash and 2,500,000 Teako shares
3. Teako commits to drilling the Åmot target and advancing other targets
4. Capella retains 10% carried interest to production
5. Additional $C 1,250,000 payment upon Final Investment Decision

The Løkken project covers 114 sq. km and includes the former Løkken mine, the largest Cyprus-type VMS deposit globally. The partnership aims to advance exploration and create a district-scale project by combining Løkken with Teako's adjacent properties.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
partnership
-
Rhea-AI Summary

Capella Minerals (TSXV: CMIL, OTCQB: CMILF) has provided an update on its Scandinavian project portfolio, focusing on high-grade copper-cobalt-zinc projects in Norway and copper-gold projects in Finland. The company has:

1. Regained 100% interest in projects in the Løkken and Røros mining districts, Norway.
2. Streamlined its portfolio by divesting non-core assets in the Americas.
3. Planned a drone-based EM survey for the Killero targets in Finland, followed by drilling.
4. Identified 5 priority target areas near the former Løkken mine in Norway.
5. Obtained permits for a 4,000m drill program at the Hessjøgruva project in Norway.

The company aims to advance its Scandinavian projects and evaluate strategic alternatives for drilling at key targets.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Capella Minerals (TSXV: CMIL) (OTCQB: CMILF) has announced the termination of its asset sale agreement with Polar Transition Minerals AS for the sale of its central Norway copper assets. The agreement, initially announced on October 17, 2023, and amended on April 9, 2024, was terminated following the elapse of the July 7, 2024 long stop date. As a result, Capella regains 100% interest in its portfolio of high-grade copper-cobalt projects in the former Løkken and Røros mining districts, Trøndelag Province.

The company plans to pursue alternative strategies for advancing these projects, with a particular focus on the drill-ready targets at Åmot and Hessjøgruva. Eric Roth, Capella's President and CEO, stated that while the transaction was worth pursuing due to shared strategic vision, both companies are better served by moving forward independently at this stage.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Capella Minerals and JV partner Austral Gold have entered into a Share Purchase Agreement with Unico Silver to sell their 100% interest in Sierra Blanca S.A., which owns the Sierra Blanca gold-silver project in Argentina. Capella and Austral own 45.31% and 54.69% stakes, respectively. Unico will acquire the project for 5,000,000 ordinary shares. This transaction aligns with Capella's strategy to focus on Scandinavian assets and divest non-core assets in the Americas. The deal is subject to regulatory approvals from the ASX and TSXV exchanges and requires Unico to get shareholder approval. Part of the consideration will be transferred to Sandstorm Gold to settle outstanding maintenance payments.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
30.43%
Tags
none
-
Rhea-AI Summary
Capella Minerals extends the long-stop date for asset sale agreement with Polar Transition Minerals AS, allowing for an IPO on Euronext Growth. The revised terms include an extension to July 7, 2024, and a minor adjustment in consideration received from Polar.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Capella Minerals announces Property Acquisition Agreement with Prospector Metals Corp. for Savant Gold Project. Prospector to acquire 100% interest in the project, with Capella retaining a 1% Net Smelter Royalty. Eric Roth, Capella's President, highlights the strategic move to focus on Scandinavian projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Capella Minerals Ltd (CMIL) notes European Energy Metals Corp's completion of CAD 1 million in exploration expenditures on the Central Finland Lithium Project, confirming its earn-in to an initial 51% interest. European Energy's field teams discovered high-grade lithium prospects, with plans for scout drilling and further exploration. The President & CEO, Eric Roth, expressed satisfaction with the progress made.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.53%
Tags
none
-
Rhea-AI Summary
Capella Minerals Ltd (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) has been granted an additional exploration permit covering the Killero West copper-gold target in Northern Finland. The company expects to commence scout core drilling of the priority Killero East target in late Q1, 2024, and is evaluating an initial diamond drill program on the Saattopora West target during the northern 2024 summer. Capella currently holds a 70% interest in the Northern Finland Copper-Gold project through a Joint Venture agreement with ASX-listed Cullen Resources Ltd. The company's President and CEO, Eric Roth, expressed pleasure in the granting of the Killero West exploration permit, which lies adjacent to the priority Killero East target and covers a second area of significant BoT copper-gold anomalies generated by Anglo American's regional exploration programs over a decade ago.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
37.68%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.88%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.88%
Tags
none

FAQ

What is the current stock price of Capella Minerals (CMILF)?

The current stock price of Capella Minerals (CMILF) is $0.0867 as of February 10, 2025.

What is the market cap of Capella Minerals (CMILF)?

The market cap of Capella Minerals (CMILF) is approximately 1.4M.

What projects is Capella Minerals Ltd currently focused on?

Capella Minerals Ltd is concentrating on copper-gold projects in northern Finland and copper-cobalt projects in Norway.

What type of mineral resource properties does Capella Minerals Ltd acquire and develop?

Capella Minerals Ltd focuses on European base and battery metals projects.

What are some of the priority projects for Capella Minerals Ltd?

Capella Minerals Ltd holds exploration permits for projects like Killero East and Killero West in the Central Lapland Greenstone Belt.

What strategic alternatives is Capella Minerals Ltd exploring for its projects?

Capella Minerals Ltd is considering divesting non-core assets in the Americas and focusing on its Scandinavian exploration assets.

What is the latest development related to Capella Minerals Ltd's Norwegian copper-cobalt assets?

Capella Minerals Ltd has extended the closing date for the sale of its assets in Norway to private company Polar Transition Minerals AS.

How is Capella Minerals Ltd involved in Canadian precious metals projects?

Capella Minerals Ltd has a joint venture with Agnico Eagle Mines Ltd at the Domain Gold Project in Manitoba.

What is the long-stop date for the sale of Sierra Blanca project in Argentina?

The long-stop date for the sale of the Sierra Blanca project to Unico Silver Ltd (USL) is July 7, 2024.

What is the focus of Capella Minerals Ltd's exploration activities?

Capella Minerals Ltd's exploration activities are currently focused on copper-gold projects in Finland and copper-cobalt projects in Norway.

What is the goal of Capella Minerals Ltd regarding its Scandinavian exploration assets?

Capella Minerals Ltd aims to concentrate on its Scandinavian exploration assets by divesting non-core assets in the Americas.

Who are Capella Minerals Ltd's JV partners in its various projects?

Capella Minerals Ltd has joint ventures with companies like Cullen Resources Ltd, European Energy Metals Corp, and Agnico Eagle Mines Ltd in different projects.
Capella Minerals Limited

OTC:CMILF

CMILF Rankings

CMILF Stock Data

1.38M
32.45M
17.83%
Other Precious Metals & Mining
Basic Materials
Link
Canada
Mission