Teako Minerals acquires 90% interest in Capella's high-grade Løkken copper-cobalt-zinc project in Norway.
Teako Minerals Corp. has signed a deal to acquire a 90% interest in Capella Minerals Ltd.'s high-grade Løkken copper-cobalt-zinc project in Trøndelag, Norway. The project covers 114 sq. km and includes the past-producing Løkken copper-zinc mining operation, the largest Cyprus-type massive sulfide deposit globally. Teako will receive a combination of cash and common shares in Capella, commit to drilling the Åmot target, and advance at least two further targets to drill-ready status. Capella retains a non-dilutable 10% carried interest on the project through to commercial production.
August 19, 2024
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