Capella Minerals Ltd (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) announces the termination of its asset sale agreement with Polar Transition Minerals AS for its central Norway copper assets. The agreement, initially announced on October 17, 2023, had a final termination date of July 7, 2024.

Capella Regains Full Ownership of Copper-Cobalt Projects

Eric Roth, Capella’s President and CEO, stated that while both companies share a strategic vision, they decided it was best to terminate the agreement and move forward independently. Capella now holds a 100% interest in its high-grade copper-cobalt projects in the Løkken and Røros mining districts.

Future Plans for Capella’s Norwegian Projects

Capella will advance its projects with a particular focus on drill-ready targets at Åmot and Hessjøgruva. These projects are located in the Trøndelag Province and include the Hessjøgruva copper-cobalt project and adjacent Kongensgruve and Kjøli projects in the northern Røros district.

About Capella Minerals Ltd

Capella is a Canadian exploration and development company focused on copper-gold projects in northern Finland and copper-cobalt projects in Norway. In Finland, the company’s priority projects include Killero East and Killero West, which are located near Agnico Eagle’s Kittilä Gold Mine. Capella also has the Perho lithium-REE project in south-central Finland.

Capella holds equity positions in Teako Minerals, Prospector Metals, European Energy Metals, and Unico Silver. Additionally, Capella retains a 29.6% joint venture interest with Agnico Eagle Mines Ltd in the Domain Gold Project, Manitoba.

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