Capella Minerals Shifts Focus, Sells Canadian Project

Capella Minerals Limited (TSE:CMIL) has released an update.

Capella Minerals Ltd has sold its Savant Gold Project to Prospector Metals Corp, granting Prospector a 100% interest in exchange for CAD 50,000, 1 million common shares, and a 1% Net Smelter Royalty on future production. This move aligns with Capella’s strategy to focus on their Scandinavian projects and allows Capella shareholders to maintain investment potential through shares and future production royalties. The sale is subject to regulatory approvals, emphasizing Capella’s shift from American precious metals to Scandinavian ventures.

For further insights into TSE:CMIL stock, check out TipRanks’ Stock Analysis page.