Capella Minerals appoints Atar as director

Executive Summary

• Capella Minerals Ltd. appointed seasoned international lawyer Nursel Atar to its board of directors, effective immediately.
• The company announced the closing of its staged earn‑in transaction with Turkish mining firm Tumad Madencilik Sanayi Ve Ticaret AS, following shareholder approval.
• The earn‑in provides Tumad with a minimum Year 1 drilling commitment of 12,000 m (4,000 m in Finland gold‑copper projects and 8,000 m in Norway copper‑cobalt‑zinc VMS projects).

Key Details

• Board Appointment
• Nursel Atar joins the Capella board; she is currently a strategic adviser to the company.
• Atar brings >30 years of experience in corporate, energy and mining law across Canada, the U.S., and Turkey.
• Founder & senior partner of Legisterra (Istanbul/Ankara).

• Holds licences to practice in Ontario, New York, and Turkey; JD from Osgoode Hall, LLM from Touro Law Center.

• Transaction Closing

• Shareholder‑approved earn‑in with Tumad Madencilik Sanayi Ve Ticaret AS is now closed.
• The definitive agreement was originally announced on 2025‑09‑02.
• Earn‑in structure: staged investment in Capella’s Scandinavian portfolio (precious and base metal projects).

• Year 1 Minimum Commitment: 12,000 m of diamond drilling – 4,000 m on the Central Lapland greenstone belt (Finland) gold‑copper projects; 8,000 m on central Norway VMS projects (copper‑cobalt‑zinc).

• Strategic Context

• The transaction deepens Capella’s partnership network and secures substantial drilling upside for its Finnish and Norwegian assets.
• Retains a carried 10 % interest to production on the Lokken copper‑cobalt‑zinc VMS project (Norway) with Teako Minerals Corp.
• Maintains net smelter royalties on Savant gold (Ontario) and central Finland lithium projects following recent non‑core asset divestitures.

Notable Quotes

• Eric Roth, President & CEO: “I am extremely pleased to be welcoming Nursel today to Capella's board of directors… her global insights will be extremely valuable to the company in both its future exploration activities and corporate direction.”