Latest news with #Capella
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
Capella Provides Update on Agreement with Tümad Madencilik
VANCOUVER, BC, July 18, 2025 /CNW/ – Capella Minerals Ltd (TSXV: CMIL) (OTC Pink: CMILF) (FRA: N7D2) ('Capella' or the 'Company') is pleased to provide the following update on the Letter of Intent ('LOI') signed by Turkish mining company, Tümad Madencilik Sanayi Ve Ticaret A.S. ('Tümad'), with respect to the staged earn-in proposal for the Company's portfolio of precious and base metal projects in Scandinavia (see Company News Release dated June 2, 2025). Tümad today advised the Company that no material issues have been identified to date and that the Due Diligence process is in its final stages. Both parties are actively working together to move towards closing through the signing of a Definitive Agreement. Tümad currently produces approximately 200,000 ounces of gold per annum from two mining operations located in western Türkiye. This strategic partnership with Capella is expected to provide Tümad with an excellent opportunity to expand its international footprint both within the highly-prospective Scandinavian region and elsewhere. Eric Roth, Capella's President and CEO, commented today: 'I am sincerely looking forward to working together with the Tümad team, whose highly respected expertise as mine builders and operators will complement our successful track record in global exploration and discovery. I look forward to ensuring a successful venture going forward for both parties'. Private Placement Update The Company wishes to advise that its previously announced private placement of 15,000,000 Units at $0.05 per Unit has been amended to adjust the exercise price of the warrant from $0.10 for two years to and exercise price of $0.075 for a period of two years. The Company feels that this adjustment, while relatively small, will further incentivize and attract investors. All other terms remain the same. Qualified Person and Disclosure Statement The technical information presented in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 ('NI 43-101') and approved by Eric Roth, the Company's President & CEO, a Director, and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has over 35 years of experience in international minerals exploration and mining project evaluation. On Behalf of the Board of Capella Minerals Ltd. 'Eric Roth' Eric Roth, Ph.D., FAusIMMPresident & CEO About Capella Minerals Ltd Capella is a Canadian exploration and development company with a focus on global gold-copper projects and is currently exploring in the well-endowed Central Lapland Greenstone Belt of northern Finland & in the former copper-cobalt-zinc mining districts of central Norway. In northern Finland, the Company's portfolio consists of 5 copper-gold projects including the priority Killerö E target (a former Anglo American copper-gold project that was never drill tested) and the Saattopora W target (the western extension to Outokumpu Oy's Saattopora former copper-gold mine2) – all of which are located about 40km SW of Agnico Eagle's Kittilä Gold Mine, currently the largest gold producer in Europe. In the Trøndelag Province of central Norway, the Company's focus is on the discovery of high-grade copper-cobalt massive sulfide (VMS) deposits in the former mining districts of Løkken and Røros. The Company's portfolio includes: i) a 100% interest in the advanced exploration-stage Hessjøgruva copper-cobalt project and adjacent Kongensgruve project in the northern Røros mining district, and ii) exposure to the discovery of new satellite copper-cobalt-zinc VMS targets around the past-producing Løkken copper mine through a partnership with Teako Minerals Corp. Capella also holds equity positions in Teako Minerals Corp. and Grit Metals Corp. (formerly European Energy Metals Corp) as a result of the recent divestiture of non-core assets. For additional information you are cordially invited to visit the Capella Minerals Ltd website at or contact Karen Davies, VP Shareholder Relations and Corporate Development, at Tel: +1.604.314.2662 Cautionary Notes and Forward-looking Statements This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of Capella, including the timing, completion of and results from the exploration and drill programs described in this release. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. All such forward-looking information is based on certain assumptions and analyses made by Capella in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include those described under the heading 'Risks and Uncertainties' in Capella's most recently filed MD&A. Capella does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cision Canada
5 days ago
- Business
- Cision Canada
Capella Provides Update on Agreement with Tümad Madencilik
VANCOUVER, BC, July 18, 2025 /CNW/ - Capella Minerals Ltd (TSXV: CMIL) (OTC Pink: CMILF) (FRA: N7D2) ("Capella" or the "Company") is pleased to provide the following update on the Letter of Intent ("LOI") signed by Turkish mining company, Tümad Madencilik Sanayi Ve Ticaret A.S. ("Tümad"), with respect to the staged earn-in proposal for the Company's portfolio of precious and base metal projects in Scandinavia (see Company News Release dated June 2, 2025). Tümad today advised the Company that no material issues have been identified to date and that the Due Diligence process is in its final stages. Both parties are actively working together to move towards closing through the signing of a Definitive Agreement. Tümad currently produces approximately 200,000 ounces of gold per annum from two mining operations located in western Türkiye. This strategic partnership with Capella is expected to provide Tümad with an excellent opportunity to expand its international footprint both within the highly-prospective Scandinavian region and elsewhere. Eric Roth, Capella's President and CEO, commented today: "I am sincerely looking forward to working together with the Tümad team, whose highly respected expertise as mine builders and operators will complement our successful track record in global exploration and discovery. I look forward to ensuring a successful venture going forward for both parties". Private Placement Update The Company wishes to advise that its previously announced private placement of 15,000,000 Units at $0.05 per Unit has been amended to adjust the exercise price of the warrant from $0.10 for two years to and exercise price of $0.075 for a period of two years. The Company feels that this adjustment, while relatively small, will further incentivize and attract investors. All other terms remain the same. Qualified Person and Disclosure Statement The technical information presented in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 ("NI 43-101") and approved by Eric Roth, the Company's President & CEO, a Director, and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has over 35 years of experience in international minerals exploration and mining project evaluation. On Behalf of the Board of Capella Minerals Ltd. "Eric Roth" Eric Roth, Ph.D., FAusIMM President & CEO About Capella Minerals Ltd Capella is a Canadian exploration and development company with a focus on global gold-copper projects and is currently exploring in the well-endowed Central Lapland Greenstone Belt of northern Finland & in the former copper-cobalt-zinc mining districts of central Norway. In northern Finland, the Company's portfolio consists of 5 copper-gold projects including the priority Killerö E target (a former Anglo American copper-gold project that was never drill tested) and the Saattopora W target (the western extension to Outokumpu Oy's Saattopora former copper-gold mine 2) - all of which are located about 40km SW of Agnico Eagle's Kittilä Gold Mine, currently the largest gold producer in Europe. In the Trøndelag Province of central Norway, the Company's focus is on the discovery of high-grade copper-cobalt massive sulfide (VMS) deposits in the former mining districts of Løkken and Røros. The Company's portfolio includes: i) a 100% interest in the advanced exploration-stage Hessjøgruva copper-cobalt project and adjacent Kongensgruve project in the northern Røros mining district, and ii) exposure to the discovery of new satellite copper-cobalt-zinc VMS targets around the past-producing Løkken copper mine through a partnership with Teako Minerals Corp. Capella also holds equity positions in Teako Minerals Corp. and Grit Metals Corp. (formerly European Energy Metals Corp) as a result of the recent divestiture of non-core assets. For additional information you are cordially invited to visit the Capella Minerals Ltd website at or contact Karen Davies, VP Shareholder Relations and Corporate Development, at Tel: +1.604.314.2662 Cautionary Notes and Forward-looking Statements This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of Capella, including the timing, completion of and results from the exploration and drill programs described in this release. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. All such forward-looking information is based on certain assumptions and analyses made by Capella in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include those described under the heading "Risks and Uncertainties" in Capella's most recently filed MD&A. Capella does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Time Out
10-07-2025
- Time Out
Two luxe Melbourne lodgings were just named among the best city hotels in Australia for 2025
One of our fave things to do is play tourist in our own city – and a cheeky staycation is a great way to do that. After all, Melbourne is home to a suite of fabulous hotels, ranging from swanky luxury lodgings to quirky boutique spots with plenty of personality. And now, two of the city's top hotels have been honoured in Travel and Leisure's Luxury Awards, which recognises Australia's best hotels, pools and spas. Both the Ritz-Carlton Melbourne and the W Melbourne have landed on the list of Australia's best city hotels for 2025, coming in at second and sixth, respectively. If you've stayed at either of these hotels, you'll know they have dreamy sky-high pools, world-class drinking and dining options (hello, Atria and Curious), excellent service and beautiful rooms you'll wish you could move into. But it was Sydney's Capella that took out the top spot, with Travel and Leisure saying "this regal hotel has upped the luxury factor in Sydney's heart". That's not the only category the Ritz-Carlton starred in though – the bougie hotel also got a mention on the best hotel spas list (coming in second, with Crown's spa landing at seventh), while general manager Rachel Harman was named among the country's best. Other local hotels to score a shout out include the InterContinental Sorrento and Jackalope, both located on the Mornington Peninsula, which took out seventh and eighth spots on the list of Australia's best country hotels and lodges for 2025. You can read the full list of award-winning hotels over here. These are the top ten city hotels in Australia for 2025: Capella, Sydney The Ritz-Carlton, Melbourne Park Hyatt Sydney The Tasman Hobart, Tasmania Sydney Harbour Marriott Hotel at Circular Quay W Melbourne Shangri-La Sydney Pier One Sydney Harbour COMO The Treasury, Perth W Brisbane This magical floating sauna is opening soon in Melbourne
Arab News
09-07-2025
- Business
- Arab News
Diriyah's world-class luxury hospitality offerings on show
Diriyah Company participated once again in ILTM Asia Pacific 2025, showcasing its premier luxury hospitality offerings for the business and tourism sectors. This year's ILTM Asia Pacific took place from June 30 to July 3 in Singapore. Throughout the event, Diriyah Company welcomed and engaged with stakeholders, investors, and travel specialists at its distinctively designed booth. Across Diriyah and the adjoining Wadi Safar development areas, nearly 40 world-class hotels and resorts are set to welcome tourists and business visitors, including some of Southeast Asia's most prestigious hospitality names: Anantara, Aman, Capella, Chedi, Raffles, Four Seasons, and Six Senses. In addition to the 202-room Raffles Hotel Diriyah, which features distinctive architectural designs inspired by Najdi heritage, Diriyah also launched the Raffles Residences Diriyah in November 2024, offering 90 apartments and townhouses, primarily featuring one-, two-, or three-bedroom residences, as well as seven spacious duplex homes. Additionally, the arrival of Capella Diriyah, with its 100 rooms, marks the brand's first opening in Saudi Arabia, blending local tradition with contemporary luxury. As the birthplace of Saudi Arabia three centuries ago, Diriyah is home to the beautifully restored At-Turaif UNESCO World Heritage Site, which has welcomed more than 3 million visitors since its opening in December 2022. Diriyah Company's participation in ILTM Asia Pacific highlighted its commitment to building new relationships and partnerships that will support its growing portfolio of hotels, restaurants, cafes, and cultural attractions that are designed to elevate Diriyah's position within the global luxury tourism landscape. Known as the City of Earth for its traditional mudbrick-inspired Najdi architecture, Diriyah will contribute approximately SR70 billion ($18.6 billion) directly to the Kingdom's GDP, create nearly 180,000 jobs and will be home to an estimated 100,000 people. It will also include modern office space for tens of thousands of professionals in technology, media, the arts and education, museums, a university, the Royal Diriyah Opera House, the Diriyah arena, world-class hotels, renowned local, global and regional restaurants, a Greg Norman designed championship golf course and the Royal Equestrian and Polo Club — Wadi Safar. Diriyah is projected to attract up to 50 million visits annually in the future. ILTM Asia Pacific is a premier event for luxury travel professionals targeting the expanding market beyond China. It offers curated meetings with top travel designers and hospitality brands.
Zawya
04-07-2025
- Business
- Zawya
Diriyah Company showcases world-class luxury hospitality offerings at ILTM Asia Pacific 2025
Diriyah – Diriyah Company participated once again in ILTM Asia Pacific 2025, showcasing its premier luxury hospitality offerings for the business and tourism sectors. This year's ILTM Asia Pacific took place from June 30 to July 3 in Singapore. Throughout the event, Diriyah Company welcomed and engaged with stakeholders, investors, and travel specialists at its distinctively designed booth. Across Diriyah and the adjoining Wadi Safar development areas, nearly 40 world-class hotels and resorts are set to welcome tourists and business visitors, including some of Southeast Asia's most prestigious hospitality names: Anantara, Aman, Capella, Chedi, Raffles, Four Seasons, and Six Senses. In addition to the 202-room Raffles Hotel Diriyah, which features distinctive architectural designs inspired by Najdi heritage, Diriyah also launched the Raffles Residences Diriyah in November 2024, offering 90 apartments and townhouses, primarily featuring one-, two-, or three-bedroom residences, as well as seven spacious duplex homes. Additionally, the arrival of Capella Diriyah, with its 100 rooms, marks the brand's first opening in Saudi Arabia, blending local tradition with contemporary luxury. As the birthplace of the Kingdom of Saudi Arabia three centuries ago, Diriyah is home to the beautifully restored At-Turaif UNESCO World Heritage Site, which has welcomed over three million visitors since its opening in December 2022. Diriyah Company's participation in ILTM Asia Pacific highlighted its commitment to building new relationships and partnerships that will support its growing portfolio of hotels, restaurants, cafes, and cultural attractions that are designed to elevate Diriyah's position within the global luxury tourism landscape. Known as The City of Earth for its traditional mudbrick-inspired Najdi architecture, Diriyah will contribute approximately $18.6 billion (SAR 70 billion) directly to the Kingdom's GDP, create nearly 180,000 jobs and will be home to an estimated 100,000 people. It will also include modern office space for tens of thousands of professionals in technology, media, the arts and education, museums, a university, the Royal Diriyah Opera House, the Diriyah arena, world-class hotels, renowned local, global and regional restaurants, a Greg Norman designed championship golf course and the Royal Equestrian and Polo Club – Wadi Safar. Diriyah is projected to attract up to 50 million visits annually in the future. About Diriyah Diriyah, Saudi Arabia's premier historical, cultural, and lifestyle destination, is a key component of Saudi Arabia's 2030 Vision. A short 15-minute drive from Riyadh's city center, this 14-square-kilometer development holds historical significance as the birthplace of the Kingdom of Saudi Arabia, dating back to 1727. Currently being developed by Diriyah Company, Diriyah is undergoing a transformation into an authentic Najdi-style mixed-use urban community. Diriyah's centerpiece is At-Turaif, the UNESCO World Heritage Site inscribed in 2010, showcasing the ancient adobe capital city of the First Saudi State, dating back to 1766. Upon completion, Diriyah will host more than 100,000 residents, workers, students, and visitors, offering a diverse range of cultural, entertainment, retail, hospitality, educational, and residential spaces. The first of those spaces include Bujairi Terrace, Riyadh's new premium dining hub with over 20 global and local restaurants and cafes that enjoy uninterrupted views of At-Turaif. Bab Samhan, a Luxury Collection Hotel is the first hospitality offering in Diriyah, providing a tranquil experience with panoramic views of Wadi Hanifah. Diriyah's development provides a dynamic environment that celebrates Saudi Arabia's rich cultural history. About Diriyah Company Diriyah Company was launched in 2022 and joined the Public Investment Fund's (PIF) portfolio of giga-projects. The Company is responsible for developing the Diriyah project, the birthplace of the Kingdom of Saudi Arabia and its foremost historical, cultural, and lifestyle destination. A dynamic mixed-use developer, Diriyah Company is redefining urban planning to develop Diriyah, 'The City of Earth', while adhering to the highest design, development, and preservation standards. The company ensures Diriyah's cultural landmarks are complemented by world-class retail offerings, fine-dining experiences, and leading hospitality brands. As a PIF company, its mission focuses on opportunities in development, hospitality, investment, retail, and office leasing, along with strategic asset management, underscoring the commitment to ensuring successful business outcomes and sustainable growth under the strategic direction of Vision 2030. The Diriyah Company actively forges long-term partnerships to realize its vision of establishing Diriyah as one of the world's greatest gathering places.
