On September 2, 2025, Capella announced that it had signed a Definitive Agreement with Turkish mining company, Tümad Madencilik Sanayi Ve Ticaret A.S. (“Tümad”), with respect to a staged earn-in proposal for the Company's portfolio of precious and base metal projects in Northern Finland and Norway. The Definitive Agreement contemplated an on-signing cash payment to Capella and mandatory work commitments, including the completion of up to 4,000m of diamond drilling on the Northern Finland projects and up to 8,000m of diamond drilling on the Norwegian projects during Year 1 of the agreement.

Full details of the Tümad earn-in agreement are provided in the Company News Release dated June 2, 2025.

On September 29, 2026, Capella announced that: i) the Company had been granted drill permits for the Hessjøgruva project (Norway) and that, in consideration of the delay incurred in receiving these permits, had granted Tümad an extension to the minimum Year 1 investment milestone until December 31, 2027 and ii) that Tümad had completed its minimum exploration investment (USD 1.25M) on the Northern Finland projects, but had elected to not continue on to Phase II of the earn-in (and therefore reverts its interest in the Northern Finland projects to an underlying 1% Net Smelter Royalty on any future production).