Capella Announces Termination of Agreement with Polar Transition for the Sale of its Central Norway Copper Assets
VANCOUVER, BC, July 19, 2024 /PRNewswire/ – Capella Minerals Ltd (TSXV: CMIL) (OTCQB: CMILF) (FRA: N7D2) (“Capella” or the “Company”) announces that the Company and Polar Transition Minerals AS (“Polar”; formerly NickelX AS), following the elapse of the long stop date, have agreed an immediate termination of the asset sale agreement (the “Transaction”) as previously announced on October 17, 2023 and subsequently amended on April 9, 2024. Under such Transaction, Polar would have acquired Capella’s central Norway copper portfolio by the agreed long stop date of July 7, 2024.
Related news for (CMILF)
- Capella Provides Scandinavian Project Portfolio Update
- Capella Provides Extension for Norway Asset Sale Closing
- Capella Sells Savant Gold Project to Prospector Metals
- Capella Granted Killero West Exploration Permit and Provides Update for Maiden Drill Program at Killero East Copper-Gold Target, Northern Finland