Capella Minerals Ltd (PK) (CMILF)

Capella Initiates Reconnaissance Diamond Drill Program at the Killero W Gold-Copper Project, Northern FinlandJuly 3, 2026 8:59 AM
PR Newswire (Canada) VANCOUVER, BC, July 3, 2026 /CNW/ - Capella Minerals Ltd. (TSXV: CMIL) (OTC Pink: CMILF) (FRA: N7D) ("Capella" or the "Company") is pleased to announce the commencement of a reconnaissance diamond drill program at the Killero W gold-copper project in the Central Lapland Greenstone Belt, Northern Finland. The Killero W project is one of five projects that form part of the Tümad Madencilik Sanayi Ve Ticaret A.S. ("Tümad") earn-in Joint Venture ("JV") for Northern Finland (see Company News Release dated September 2, 2025), with the current drill program at Killero W following on from the recently completed 2,008m / 9 hole diamond drill program at Killero E.The Northern Finland projects (Killero E, Killero W, Jolhikko, Seiseunselka, Saattopora W) are located 40km SW of Agnico Eagle Mines Ltd's ("Agnico"; TSX: AEM; NYSE: AEM) producing Kittila Gold Mine1, with all five projects now surrounded by Agnico following the successful closing of Agnico's acquisition of Rupert Resources Ltd (TSX: RUP) on June 16, 2026 (Figure 1).Figure 1. Location of the Killero W gold-copper project in Northern Finland, together with the project areas acquired by Agnico as part of its consolidation of the Central Lapland Greenstone Belt. Agnico Eagle Mines Limited - AGNICO EAGLE TO CONSOLIDATE FINLAND'S CENTRAL LAPLAND GREENSTONE BELT IN THREE SEPARATE TRANSACTIONS
1 References made to nearby mines and analogous deposits provide context for the Killero W project but are not necessarily indicative that this project hosts similar tonnages or grades of mineralization.HighlightsA reconnaissance diamond drill program has been initiated at the Killero W gold-copper project. Drilling will be undertaken in two initial target areas – PKW-1 and PKW-2 – defined on the basis of: i) Base of Till ("BoT") gold-copper anomalies derived from historical Anglo American plc regional geochemical surveys, ii) strongly magnetic host rocks (interpreted to be either fine-grained meta-gabbro or mafic metavolcanic rocks and favourable host rocks for gold-copper mineralization), and iii) cross-cutting NE-trending fault/shear zones (Figure 2; see also Company New Releases dated May 17, 2022 and May 30, 2023).The current drill program (Figure 3) represents the first diamond drilling to be undertaken in the Killero W project area.Capella currently owns an 80% interest in the five Northern Finland projects, with the remaining 20% interest being held by Cullen Resources Ltd ("Cullen"; ASX: CUL). Capella earned-in to its 80% interest in the five projects by meeting all of its exploration commitments as outlined in an earn-in agreement as announced on August 24, 2021.Eric Roth, Capella's President and CEO, commented: "I am very pleased to be announcing today the commencement of a maiden diamond drill program at the Killero W project. The initial focus will be on two gold-copper targets which are defined by coincident Base of Till anomalies, favourable host rocks, and highly prospective cross cutting structural corridors. Further potential also exists for the definition of additional target areas outside of these core areas. I look forward to keeping the market updated as we advance with drill testing at Killero W".Upcoming Finland News FlowJolhikko and Seisunselka – 4 reconnaissance Base of Till ("BoT") and Top of Bedrock ("ToB") survey lines were completed over the Jolhikko and Seisunselka gold targets in Northern Finland. A total of 102 BoT and 55 ToB samples were collected and sent to ALS Laboratories for analysis. A determination of potential targets for follow-up diamond drilling will be made as soon as all results have been reviewed and interpreted.Qualified Persons and Disclosure StatementThe technical information presented in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 ("NI 43-101") and approved by Eric Roth, the Company's President & CEO, a Director, and a Qualified Person under NI 43-101.  Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has over 35 years of experience in international minerals exploration and mining project evaluation.On Behalf of the Board of Capella Minerals Ltd."Eric Roth"___________________________ 
Eric Roth, Ph.D., FAusIMM
President & CEOAbout Capella Minerals LtdCapella is a Canadian exploration and development company with a focus on generating gold-copper projects globally.On January 15, 2026, Capella announced the signing of a Binding Letter of Intent with Verde Metals with respect to an Earn-In Agreement on the Solana Iron-Oxide Copper-Gold ("IOCG") project in southern Spain. Work plans for the Solana project are currently in the process of being approved by the Andalucian Mining Authority, with field activities expected to begin in early Q3, 2026.Capella announced on September 2, 2025, the signing of a Definitive Agreement with Turkish mining company, Tümad Madencilik Sanayi Ve Ticaret A.S. ("Tümad"), for a staged earn-in on the Company's portfolio of precious and base metal projects in Scandinavia. Tümad's minimum Year 1 investment commitment includes up to 12,000m of diamond drilling on the Company's gold-copper projects in the Central Lapland Greenstone Belt of northern Finland and the Hessjogruva copper-cobalt-zinc VMS project in central Norway.Capella also retains a carried 10% interest through to production on the Løkken copper-cobalt-zinc VMS project of central Norway through a partnership with Teako Minerals Corp. ("Teako"). In addition, Capella holds Net Smelter Royalties on the Savant Gold Project in Ontario, Canada (BeMetals Corp.) and the Central Finland Lithium Projects (Grit Metals Corp.), as a result of the divestiture of non-core assets.For additional information you are cordially invited to visit the Capella Minerals Ltd website at www.capellaminerals.com, or to contact Karen Davies, VP Communications and Corporate Development, at Tel: +1.604.314.2662.Cautionary Notes and Forward-looking Statements
This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of Capella, including the timing, completion of and results from the exploration and drill programs described in this release.  Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct.  All such forward-looking information is based on certain assumptions and analyses made by Capella in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include those described under the heading "Risks and Uncertainties" in Capella's most recently filed MD&A. Capella does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. SOURCE Capella Minerals Limited Original: Capella Initiates Reconnaissance Diamond Drill Program at the Killero W Gold-Copper Project, Northern Finland

Capella Intersects Copper-Rich Massive Sulfide Mineralization in Vein Zones at the Killero E Project, Northern FinlandJune 24, 2026 9:56 AM
PR Newswire (Canada) Diamond Drilling to Commence on Killero W Gold TargetsVANCOUVER, BC, June 24, 2026 /CNW/ - Capella Minerals Ltd. (TSXV: CMIL) (OTC Pink: CMILF) (FRA: N7D) ("Capella" or the "Company") is pleased to report results from a maiden diamond drill program completed recently at the Killero E copper-gold project in the Central Lapland Greenstone Belt, Northern Finland. Killero E is one of five copper-gold projects that form part of the Tümad Madencilik Sanayi Ve Ticaret A.S. ("Tümad") earn-in Joint Venture ("JV") for Northern Finland (see Company News Release dated September 2, 2025), and 2,008m / 9 holes (8 completed and one abandoned) of diamond drilling were completed in this first-pass evaluation.The Capella-Tümad JV projects are located approximately 40km SW of Agnico Eagle Mines Ltd's ("Agnico"; TSX: AEM; NYSE: AEM) producing Kittila Gold Mine1, with all five projects now being surrounded by Agnico following the successful closing of Agnico's acquisition of Rupert Resources Ltd (TSX: RUP) on June 16, 2026 (Figure 1).   
1 References made to nearby mines and analogous deposits provide context for the Killero E project but are not necessarily indicative that this project hosts similar tonnages or grades of mineralization.HighlightsA total of 2,008m / 9 holes of diamond drilling was completed at the Killero E project as part of the Tümad earn-in JV. Drilling targeted the potential source of the historical Base of Till ("BoT") copper-gold anomalies identified at Killero E by Anglo American plc, together with an initial test of 800m strike extent of the regional NE-trending Killero Fault/Shear Zone (Figure 2; see also Company New Release dated May 30, 2023).Drilling has confirmed that the Killero Fault/Shear Zone dips steeply to the NW and is characterized by a zone of quartz-carbonate(+/-tourmaline) veining up to 40m in width (downhole2) and with highly variable sulfide content (Figures 3A to 3C). Host rocks are dominantly fine-grained meta-gabbro and mafic meta-volcanic rocks.Copper-silver ("Cu-Ag") mineralization hosted in quartz-carbonate veins/veinlets was intersected in most holes, with the most significant reportable intercepts including:KE-001A: 0.76m @ 3.7% Cu + 19.6 g/t Ag from 182.83m downhole. Massive pyrrhotite and chalcopyrite hosted within quartz-carbonate vein (Figure 3C).  KE-003: 0.55m @ROB: 0.70m @ 1.5% Cu + 7 g/t Ag from 114.2 downhole (Figure 4) and 0.50m @Not available for adoption also intersected foliation parallel zinc-copper-silver ("Zn-Cu-Ag") style mineralization in meta-gabbro prior to being terminated prematurely at 50.5m as a result of a mechanical failure on the drill rig. The Company interprets this mineralization style and metal association to indicate proximity to a nearby massive sulfide occurrence.KE-004: 5m @ 0.4% Zn + 0.2% Cu + 2 g/t Ag from 36.5m downhole.Diamond drilling is currently expected to commence on the two priority gold targets on the nearby Killero W project by June 30, 2026.
2 Insufficient drilling has been completed to accurately determine true thickness, but the Company estimates that true thicknesses are approximately 80% of reported downhole thicknesses. Eric Roth, Capella's President and CEO, commented: "I am pleased to be reporting today results from our maiden diamond drilling program at the Killero E project in Northern Finland, and which also represents the first drill meters to be completed under our Scandinavian JV with Tümad. In spite of experiencing a number of operational and logistical challenges - and culminating in significantly longer than expected turnaround times for assays - this drill program has provided us with an excellent first look at the geology and mineralization styles underlying the historical BoT anomalies at Killero E. Our data reviews are ongoing and will focus on determining potential vectors to copper-silver and gold deposits both within the immediate project area and along strike extensions of the district-scale Killero Fault/Shear Zone."Upcoming Drill Programs and News Flow – Finland and NorwayKillero W – first-pass diamond drilling of two priority gold targets in the Killero W permit is currently expected to begin by June 30, 2026. The Killero W targets are both defined by gold-rich Base of Till ("BoT") geochemical anomalies that are broadly associated with NE-trending structural corridors.Jolhikko and Seisunselka – 4 reconnaissance Base of Till ("BoT") and Top of Bedrock ("ToB") survey lines were completed over the Jolhikko and Seisunselka gold targets. A total of 102 BoT and 55 ToB samples were collected and sent to ALS Laboratories for analysis. A determination of potential targets for follow-up diamond drilling will be made as soon as results have been reviewed.Hessjøgruva (Norway) - permitting for the planned 8,000m diamond drill program at the advanced exploration-stage Hessjøgruva copper-cobalt-zinc project in central Norway continues. The Company has been advised that the Hessjøgruva drill permits may also require the approval of the federal Norwegian Environmental Agency in Oslo. Whilst precise timelines are not available, the Company currently expects drill permits to be granted immediately after the summer government recess. Killero E Drill Holes – Locations and Technical DataTable 1. Technical data relating to Killero E drill holes completed.HoleEastNorthAltitudeAziDipDepthCoreCommentsKE-001406,6317,514,770203.6m145-45301.50mHQCompleteKE-001A406,6277,514,775203.0m145-55269.30mHQCompleteKE-001B406,6277,514,775203.0m180-45241.20mNQCompleteKE-002406,5637,514,516206.6m145-5083.10mNQCompleteKE-003406,4877,514,627202.7m145-45211.80mNQCompleteKE-004406,3437,514,484201.5m145-4550.50mNQAbandoned*KE-005406,2347,514,248207.9m140-50250.65mNQCompleteKE-006406,1297,514,089204.0m170-45301.45mNQCompleteKE-007406,5577,514,874200.2m220-50298.70mNQComplete


Total

2,008.20

Footnotes: i) Datum used for Eastings ("East") and Northings ("North") is WGS84/UTM Zone 35N, ii) *KE-004 could not be completed as a result of a mechanical failure on the drill rig, iii) total metres completed in the program are updated to 2,008.20 (incorrectly stated as 1,946.85m in the Company's March 24, 2026 News Release).  Quality Assurance/Quality Control (QA/QC)Capella/Tümad implemented a Quality Assurance/Quality Control (QA/QC) program to ensure that logging and processing of the Killero E drill core was conducted in accordance with NI 43-101 standards and industry best practice. Drill core samples were either HQ (KE-001 and KE-001A) or NQ (KE-001B to KE-007) sized and were logged, photographed, and marked-up for sampling by geologists at GeoPool's dedicated logging facility in Sodankylä. Core sampling was undertaken at the same facility utilizing a diamond saw, with one half being dispatched to the analytical laboratory and the other half remaining in storage. Sample lengths were determined according to geology and range from

Capella Appoints Nursel Atar to Board of DirectorsFebruary 12, 2026 8:53 AM
PR Newswire (Canada)

VANCOUVER, BC, Feb. 12, 2026 /CNW/ - Capella Minerals Ltd. (TSXV: CMIL) (OTC Pink: CMILF) (FRA: N7D) ("Capella" or the "Company") is pleased to announce the appointment of Ms. Nursel Atar to Capella's Board of Directors, effective immediately. Ms. Atar is currently engaged by Capella in the capacity of Strategic Advisor to the Company.







Ms. Atar is a seasoned international lawyer and strategic advisor with over 30 years of experience in Corporate, Energy, and Mining law. She is also the founder and senior partner of Legisterra, a boutique law firm based in Türkiye, with offices in Istanbul and Ankara, focusing on cross-border transactions, regulatory compliance, and M&A.Ms. Atar has advised both Canadian and international clients in high-value acquisitions of mining and energy assets in Türkiye, including projects in exploration, renewables, and offshore gas. Her legal background spans three jurisdictions—Canada, the United States, and Türkiye—with licenses to practice in Ontario, New York, and Türkiye.Nursel earned her J.D. from Osgoode Hall Law School in Toronto and holds an LL.M. from Touro Law Center in New York. Ms. Atar has also served as a national legal expert to various United Nations agencies and acted as counsel to private sector and institutional clients in infrastructure, finance, and environmental sectors.Eric Roth, Capella's President and CEO, commented today: "I am extremely pleased to be welcoming Nursel today to Capella's Board of Directors. Capella is extremely fortunate to be able to draw on Nursel's extensive professional experience, and her global insights will be extremely valuable to the Company in both its future exploration activities and corporate direction. I look forward to working together with Nursel as we work towards building value for all stakeholders during 2026". Closing of Tümad TransactionThe Company is also pleased to announce that having received shareholder approval, the transaction has closed with Turkish mining company Tümad Madencilik Sanayi Ve Ticaret A.S. ("Tümad") with regards to a staged earn-in on the Company's portfolio of precious and base metal projects in Scandinavia. The signing of the Definitive Agreement with Tümad was announced by the Company on September 2, 2025.On Behalf of the Board of Capella Minerals Ltd."Eric Roth"
___________________________ 
Eric Roth, Ph.D., FAusIMM
President & CEO
About Capella Minerals LtdCapella is a Canadian exploration and development company with a focus on generating gold-copper projects globally.On January 15, 2026, Capella announced the signing of a Binding Letter of Intent with Verde Metals with respect to an Earn-In Agreement on the Solana Iron-Oxide Copper-Gold ("IOCG") project in southern Spain.Capella announced on September 2, 2025, the signing of a Definitive Agreement with Turkish mining company, Tümad Madencilik Sanayi Ve Ticaret A.S. ("Tümad"), for a staged earn-in on the Company's portfolio of precious and base metal projects in Scandinavia. Tümad's minimum Year 1 investment commitment includes 12,000m of diamond drilling on the Company's gold-copper projects in the Central Lapland Greenstone Belt of northern Finland (4,000m) and copper-cobalt-zinc VMS projects in central Norway (8,000m).   Capella also retains a carried 10% interest through to production on the Løkken copper-cobalt-zinc VMS project of central Norway through a partnership with Teako Minerals Corp. ("Teako"). In addition, Capella holds Net Smelter Royalties on the Savant Gold Project in Ontario, Canada (BeMetals Corp.) and the Central Finland Lithium Projects (Grit Metals Corp.), as a result of the recent divestiture of non-core assets.For additional information you are cordially invited to visit the Capella Minerals Ltd website at www.capellaminerals.com, or to contact Karen Davies, VP Communications and Corporate Development, at Tel: +1.604.314.2662.Cautionary Notes and Forward-looking Statements
This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of Capella, including the timing, completion of and results from the exploration and drill programs described in this release.  Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct.  All such forward-looking information is based on certain assumptions and analyses made by Capella in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include those described under the heading "Risks and Uncertainties" in Capella's most recently filed MD&A. Capella does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.SOURCE Capella Minerals Limited

Original: Capella Appoints Nursel Atar to Board of Directors

CMIL hit a 52 week high this week and insiders/institutions are continuing to add. RBC has purchased over 15 million shares from one group over the last few months and there's only 47 million retail available right now. On top of that, the CEO Eric Roth has also been adding to his position. See below:

https://ceo.ca/api/sedi?insider=&symbol=CMIL&date=&transaction=&amount=&undefined[company_symbol]=CMIL

Filed 2020-12-22 14:34
Tx date 2020-12-22 $CMIL
Capella Minerals Limited Roth, Eric
4 - Director of Issuer, 5 - Senior Officer of Issuer
Direct Ownership
Common Shares
10 - Acquisition or disposition in the public market $3,905
+35,500 vol
$0.11 each 6,899,702
Older filings
Filed 2020-12-09 04:32
Tx date 2020-12-08 $CMIL
Capella Minerals Limited Roth, Eric
4 - Director of Issuer, 5 - Senior Officer of Issuer
Holder: RL360 (Indirect Ownership)
Common Shares
10 - Acquisition or disposition in the public market $4,500
+50,000 vol
$0.09 each 294,813
Filed 2020-12-09 04:28
Tx date 2020-12-04 $CMIL
Capella Minerals Limited Roth, Eric
4 - Director of Issuer, 5 - Senior Officer of Issuer
Holder: RL360 (Indirect Ownership)
Common Shares
10 - Acquisition or disposition in the public market $5,011
+62,647 vol
$0.08 each 244,813
Filed 2020-12-04 06:35
Tx date 2020-12-03 $CMIL
Capella Minerals Limited Roth, Eric
4 - Director of Issuer, 5 - Senior Officer of Issuer
Holder: RL360 (Indirect Ownership)
Common Shares
10 - Acquisition or disposition in the public market $1,799
+22,210 vol
$0.081 each 182,166
Filed 2020-12-03 06:38
Tx date 2020-12-02 $CMIL
Capella Minerals Limited Roth, Eric
4 - Director of Issuer, 5 - Senior Officer of Issuer
Holder: RL360 (Indirect Ownership)
Common Shares
10 - Acquisition or disposition in the public market $2,535
+31,300 vol
$0.081 each 159,956
Filed 2020-12-03 05:35
Tx date 2020-12-01 $CMIL
Capella Minerals Limited Roth, Eric
4 - Director of Issuer, 5 - Senior Officer of Issuer
Holder: RL360 (Indirect Ownership)
Common Shares
10 - Acquisition or disposition in the public market $7,299
+100,000 vol
$0.073 each 128,656
Filed 2020-11-26 06:00
Tx date 2020-11-23 $CMIL
Capella Minerals Limited Roth, Eric
4 - Director of Issuer, 5 - Senior Officer of Issuer
Holder: RL360 (Indirect Ownership)
Common Shares
10 - Acquisition or disposition in the public market $1,228
+14,287 vol
$0.086 each 28,656
Filed 2020-11-26 05:59
Tx date 2020-11-18 $CMIL
Capella Minerals Limited Roth, Eric
4 - Director of Issuer, 5 - Senior Officer of Issuer
Holder: RL360 (Indirect Ownership)
Common Shares
10 - Acquisition or disposition in the public market $1,293
+14,369 vol
$0.09 each 14,369

Capella Minerals December 2020 Company Presentation: https://capellaminerals.com/site/assets/files/5553/2020-12-capella-cp.pdf

Lots of new information including timelines, pictures, data on each property, and also mentions that EMX will own 10% of cmil, so institutional/insider ownership is increasing. The only thing it does not talk about yet is Cerrado Gold stock and more information on our 20% Sierra Blanca property where AGLD.C has to spend $800,000 to earn 80%.

Yamana news out and it mentions Capella Minerals. Drilling will start early 2021. See below:

https://www.globenewswire.com/news-release/2020/12/03/2138783/0/en/Yamana-Gold-Advances-Projects-in-Its-Generative-Exploration-Program-Outlines-2021-Plans-for-Advancing-Projects-Reports-Positive-Advances-at-Lavra-Velha-Monument-Bay-Borborema-and-A.html

The Domain project, located near Oxford Lake in northeastern Manitoba, is a large 20,000-hectare property package consisting of two unexplored mineral exploration licences 100%-controlled by Yamana, and three smaller claims held under a joint venture agreement with Capella Minerals Ltd. The property is considered to be highly prospective for iron formation-hosted gold deposits and has returned a number of drill intercepts with significant gold grades from a limited area of drilling within the joint venture claims. The larger land package has magnetic anomalies and limited arsenic-in-till anomalies that indicate potential targets for further iron formation-hosted gold as well as shear zone type gold targets.

In July 2020, Yamana entered into an Exploration Agreement with Bunibonibee Cree Nation to develop a cooperative and mutually beneficial relationship relating to mineral exploration within the Traditional Territory of Bunibonibee Cree Nation. Yamana is in the planning stages of a work program for the property, and pending conclusion of community consultation and permitting, exploration work is anticipated to begin in early 2021.

Eric Roth picked up another 130,000 shares yesterday. He already owns over 7% of the float, so it's encouraging to see him adding shares. Once we get rid of this old pp seller, it will move up fast. Also, BBA approved the Cerrado Gold transaction late yesterday:
BB1 Acquisition receives conditional OK for Cerrado QT

2020-12-02 20:34 MT - News Release

Mr. Stephen Shefsky reports

BB1 ACQUISITION CORP. ANNOUNCES UPDATE TO QUALIFYING TRANSACTION WITH CERRADO GOLD INC.

The TSX Venture Exchange has conditionally approved its proposed business combination with Cerrado Gold Inc., which will constitute the corporation's qualifying transaction pursuant to the policies of the TSX Venture Exchange, as such term is defined in TSX-V Policy 2.4 (Capital Pool Companies). BB1 is also pleased to announce that the Toronto Stock Exchange has conditionally approved the listing of the shares of the resulting issuer (as defined below) on the TSX, subject to the completion of the transaction and the resulting issuer meeting certain TSX listing requirements. Upon completion of the transaction, the resulting issuer's shares will be listed on either the TSX-V or the TSX.

BB1 and Cerrado have entered into a business combination agreement, effective Nov. 29, 2020, to complete the transaction pursuant to which the corporation intends to complete a three-cornered amalgamation with Cerrado, and upon completion of the transaction, the combined entity will continue to carry on the business of Cerrado.

Assuming all conditions to the closing of the transaction are satisfied, the company and Cerrado anticipate closing the offering (as defined below) and the transaction on or before Feb. 23, 2021. In due course, the parties will issue a further press release announcing the date on which the transaction is expected to close and the common shares of the company will resume trading.

Results of annual and special shareholder meeting

BB1 is pleased to announce that its shareholders approved all resolutions brought before them at the corporation's annual and special meeting of shareholders held virtually on Nov. 23, 2020, including the approval of all matters relating to the proposed transaction.

Filing statement

In connection with the transaction, the corporation has filed a filing statement dated Nov. 29, 2020, with the TSX-V and on SEDAR. Additional information in respect of the transaction and Cerrado is available in the filing statement.

Concurrent financing

Further to BB1's press release dated Nov. 3, 2020, Cerrado intends to complete a brokered private placement of subscription receipts. Under the terms of the TSX-V conditional approval for the transaction, the offering is subject to Cerrado raising minimum gross proceeds of $10-million, up to a maximum of $25-million. Each subscription receipt shall be issued at a price of $2 per subscription receipt. Additional details with respect to the offering are available in the filing statement.

About BB1 Acquisition Corp.

The corporation is incorporated under the Business Corporations Act (Ontario) and is a capital pool company listed on the TSX-V. The corporation has no commercial operations and has no assets other than cash. For further information, please see the final prospectus of the corporation dated Oct. 5, 2018, filed on SEDAR.


Filed 2020-12-03 04:38

Tx date 2020-12-02 $CMIL
Capella Minerals Limited Roth, Eric
4 - Director of Issuer, 5 - Senior Officer of Issuer
Holder: RL360 (Indirect Ownership)
Common Shares
10 - Acquisition or disposition in the public market $2,535
+31,300 vol
$0.081 each
Filed 2020-12-03 03:35

Tx date 2020-12-01 $CMIL
Capella Minerals Limited Roth, Eric
4 - Director of Issuer, 5 - Senior Officer of Issuer
Holder: RL360 (Indirect Ownership)
Common Shares
10 - Acquisition or disposition in the public market $7,299
+100,000 vol
$0.073 each

Out today, Crux interview with Cerrado Gold. As per Capella Minerals(previously New Dimension Resources) news release from October 28th, CMIL.V will own $2.25 million worth of stock in this company in exchange for selling their Argentina subsidiary.

What's surprising about this is they are listing around $2, compared to the shell that has a rollback price of only 42 cents. But this is only 5.5 million shares of the entire float and the shell had a good amount of cash in it.

November 28th Crux Interview With Cerrado Gold:

Interview with Mark Brennan, CEO of Cerrado Gold

A private company chasing gold in Argentina and Brazil. Looking to go public in soon. We talk through the management teams relevant experience and successes of the past. So what's it like doing business in Argentina and how do they expect to grow that asset. Same questions asked for Brazil. Brennan runs through their business plan and maps out the sequence of spend and production and where they expect to spend their time and money. It's an ambitious plan, but they have delivered and monetised successive so they are confident in their abilities.

Take a look at their presentation https://www.cerradogold.com/investors and look out for the imminent IPO. The suggestion from Brennan is that the company will list at $140M and at around $2.

If you want to hear what we think of the company go to cruxinvestor.com/club where you can also get summaries of all our interviews (to save you time); Company Reports, exclusive insight on various macro trends in commodities, early access to our company interviews (stay ahead of the crowd); and a thriving community of intelligent investors sharing thoughts and ideas (but without the vitriol and trolling). Think Twitter meets Netflix.

0:00 - Introduction

1:01 - Company Overview

1:30 - Team Experience & Background

3:39 - Total Money Spent So Far

5:13 - Minera Don Nicolas, Argentina: The Plan, Timing, & Money Required

12:29 - Exploration Targets & Data Inherited

14:09 - Upside for Investors & Value of Asset

16:36 - Risks & Potential Problems: Mining in Argentina

28:37 - Monte Do Carmo, Brazil: The Plan for the Asset

35:54 - IPO in December: Discussing Timing, Investors, & Exchange

Cerrado gold breakdown and where Capella Minerals can benefit:

BBA.P Float – 45,605,403 / 8.31 (rollback amount) = 5,488,014
BBA.P Halted Price - $0.05 X 8.31 (rollback price) = 41.55 cents
Cerrado Gold Company Presentation – 55,453,780 Shares (Private)
November Private Placement - $25 million(price not announced) Assuming same price as rollback
Placement Shares(Estimate) $25,000,000 / $0.41 = 60,975,609
Capella Minerals Share Holdings(Estimate) based on $2.25 million at raise price
CMIL Holdings: $2,250,000 / $0.41 = 5,487,804

Estimated common shares without options or warrants:
BBA.P(5,488,014) + Cerrado Gold (55,453,780) + Nov PP(60,975,609) + CMIL(5,487,804) = 127,405,207, lets round to 127.5 million for sake of ease

Estimated revenue from their November company presentation: https://c0fa6392-d308-44dd-a6f0-35d71f381b56.filesusr.com/ugd/c9f131_6af33570b7fc4c99b47de9b4244869a1.pdf

Page 5 information: NPV of $432 million USD @ $1550oz USD, today gold is at $1800.
Estimated production of 45,000 to 55,000 ounces of gold per year with a AISC of $900 to $1100 per ounce.

For low estimates, lets use their $1550 price and lower output of 45,000 ounces and a AISC of $1100:
$1,550 - $1100 = $450 net income per ounce X 45,000 ounces = $20,250,000 USD Estimated net income for 2021.

Estimated earnings: $20,250,000 / 127,500,000 = $0.1588 or $0.16 USD (convert to CAD) X 1.30 = $0.208 or $0.21 earnings per share, estimated at low output.

Compare this to a similar producer like F.V(Fiore Gold) who produced 46,000 ounces of gold in it’s fiscal year and earned close to $9 million USD with a float of 99 million shares, it trades around $1.50 CAD.

Estimated target price for Cerrado Gold (CER) should be around the $2 mark, assuming a minimum gold producer multiple of 10 times. How does it affect Capella Minerals? The company should technically be holding over $10 million dollars in stock value by the end of 2021, large than the current market cap and not taking into consideration it’s current cash position, 6 projects being worked on, or the millions of shares held in Ethos Gold. Again, this is all an estimate until we get the actual placement numbers, which should be out anytime.

Secondary Note: Cerrado Gold will have a webinar on December 8th 2020, those that wish to listen to this, join up here - https://www.redcloudfs.com/rcwebinar-cer/

Crux Investor Interview with Eric Roth, President & CEO of Capella Minerals (TSX-V:CMIL)

Interview link:

This is the ex Mariana Resources team hoping to replicate some of the success of the past. There are a lot of moving parts, but the company has spent some time to finding partners. Their Argentinian projects have been sold and they have JV with Ethos Gold on their Ontario project and Yamana Gold on Domain Project in Manitoba. Focus is now on a gold project in Sweden and Copper Gold projects in Norway. Perceived jurisdictional risk of working in Argentina has gone. There are several success stories in Scandinavia and Capella will be hoping to cash in on that and get noticed. Roth talks about drill programmes, cash requirements and partnerships.

Roth tells us how they picked up assets from EMX Royalty and what their obligations are. We also discuss how they are allocating the $3.3M recently raised.

If you want to hear what we think of the company go to cruxinvestor.com/club where you can also get summaries of all our interviews (to save you time); Company Reports, exclusive insight on various macro trends in commodities, early access to our company interviews (stay ahead of the crowd); and a thriving community of intelligent investors sharing thoughts and ideas (but without the vitriol and trolling). Think Twitter meets Netflix.

0:00 - Introduction
2:04 - Company Overview
3:03 - A Winning Formula? Team Experience & Track Record
7:57 - Business Plan & Model: Why Look at Scandinavia?
9:33 - Domain Gold Project: Commitments, Plans, & Terms with Yamana Gold
17:02 - Savant Lake Project: Plans & Terms with Ethos Gold
20:05 - Perspectives & Assets in Scandinavia
24:28 - Recent Raise of $3.6M & its Allocation
28:58 - Remuneration & Management Shareholding
30:54 - Argentinian Project & the Austral Agreement
32:40 - Excitement & Expectations: What's Next for Capella?

The Korelin Economics Report - Interview With Eric Roth Of Capella Minerals Limited

Interview:

Interesting history on Domain Lake, this is the JV between Yamana Gold and Capella Minerals:

So Rolling Rock hit some good grades in 2008, then they were acquired by Mega Precious Metals in 2010, which was when acquired by Yamana in 2015 and the property is still being worked on today.

https://www.manitoba.ca/iem/geo/gis/activity/yamana_gold_inc_domain_oxford_lake.html

https://www.benzinga.com/press-releases/10/09/c489739/mega-and-rolling-rock-announce-business-combination

https://ca.proactiveinvestors.com/companies/news/106420/yamana-gold-to-buy-mega-precious-metals-for-175-million-61151.html