Capella announces strategic partnership with teako minerals on lØkken copper-cobalt-zinc project

Vancouver, bc , aug. 19, 2024 /prnewswire/ - capella minerals ltd (tsxv: cmil) (otcqb: cmilf) (fra: n7d2) ("capella" or the "company") is pleased to announce that it has executed a definitive acquisition agreement (the "agreement") with teako minerals corp. (cse: tmin) ("teako") pursuant to which teako will acquire a 90% interest in capella's high-grade lØkken copper-cobalt-zinc ("cu-co-zn")  project in trØndelag, central norway. in accordance with the agreement, capella will receive a combination of cash and common shares in teako within two weeks of signing, a firm commitment by teako to carrying out drilling on the Åmot target and bringing additional cu-co-zn targets to drill-ready status, with capella retaining a non-dilutable 10% carried interest on the lØkken project through to commercial production.
AEM Ratings Summary
AEM Quant Ranking