Capella Announces Termination of Agreement with Polar Transition for the Sale of its Central Norway Copper Assets

Core Viewpoint - Capella Minerals Ltd has terminated its asset sale agreement with Polar Transition Minerals AS, regaining full control over its copper portfolio in Norway, and will pursue alternative strategies for project advancement [1][2]. Company Overview - Capella Minerals Ltd is a Canadian exploration and development company focused on copper-gold projects in Finland and copper-cobalt projects in Norway [3]. - The company holds five copper-gold projects in northern Finland, including the priority Killero East and Killero West projects, located near Agnico Eagle's Kittilä Gold Mine [3]. - In Norway, Capella's focus is on high-grade copper-cobalt massive sulfide deposits in the Løkken and Røros mining districts, with key projects including the Hessjøgruva project and drill-ready targets like Åmot [4]. Recent Developments - Following the termination of the agreement, Capella regains a 100% interest in its high-grade copper-cobalt projects in Norway and will focus on advancing these projects, particularly the drill-ready targets at Åmot and Hessjøgruva [2][4]. - The company also holds equity positions in several other mining companies and retains a 29.6% interest in a joint venture with Agnico Eagle Mines Ltd at the Domain Gold Project in Manitoba [4].