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M&A / Property

Capella Appoints Nursel Atar to Board of Directors

By The Northwire Desk — AI Analysis Feb 12, 2026 · 08:53 CMIL · 0.12 Capella Minerals Limited
CMIL · Price

Executive Summary

  • Capella Minerals Ltd. appointed Ms. Nursur Atar, a seasoned international lawyer and current Strategic Advisor, to its Board of Directors effective immediately.
  • The company announced the closing of its staged earn‑in transaction with Turkish mining firm Tümad Madencilik Sanayi Ve Ticaret A.S., previously approved by shareholders and originally disclosed on September 2 2025.
  • The transaction secures Tümad’s commitment to drill 12,000 m of diamond core (4,000 m in Finland’s Central Lapland Greenstone Belt and 8,000 m in Norway’s central VMS projects) as part of a broader earn‑in on Capella’s Scandinavian precious‑metal and base‑metal portfolio.

Key Details

  • Board Appointment
  • Ms. Nursur Atar joins the Board immediately; she continues serving as Capillary’s Strategic Advisor.
  • Background: 30+ years in corporate, energy, and mining law; founder of Legisterra (Türkiye); licensed to practice in Ontario, New York, and Türkiye.

  • CEO Eric Roth praised her global expertise and anticipated contribution to exploration activities and corporate direction throughout 2026.

  • Tümad Earn‑In Transaction Closing

  • Shareholder approval obtained; definitive agreement originally announced on 2 Sept 2025 now closed.
  • Staged earn‑in covers Capella’s portfolio of precious‑metal (gold‑copper) projects in Finland and base‑metal (copper‑cobalt‑zinc VMS) projects in Norway.
  • Year 1 drilling commitment: 12,000 m total diamond core – 4,000 m in the Central Lapland Greenstone Belt (Finland) and 8,000 m in central Norway’s VMS targets.

  • Capella retains a carried 10% interest to production on the Løkken copper‑cobalt‑zinc VMS project (Norway) via partnership with Teako Minerals Corp.

  • Additional Context

  • Prior to this release, Capella announced a Binding LOI with Verde Metals for an earn‑in on the Solana IOCG project in southern Spain (15 Jan 2026).
  • The company also holds net smelter royalties on the Savant Gold Project (Ontario) and Central Finland Lithium Projects following recent divestitures of non‑core assets.

Notable Quotes

“I am extremely pleased to be welcoming Nursur today to Capella’s Board of Directors. Capella is extremely fortunate to be able to draw on Nursur’s extensive professional experience, and her global insights will be extremely valuable to the Company in both its future exploration activities and corporate direction.” – Eric Roth, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in Capella’s most recent MD&A.

Read the original news release →

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