Capella Minerals Ltd (CMIL) Financings
TSXV: CMIL · Gold, Copper, Cobalt · Exploration stage
- Market cap$4.2M
- Share price$0.055
- 52-week range$0.030 – $0.165
- Shares outstanding75,986,317
- ExchangeTSXV
- Websitecapellaminerals.com
Capella is a Canadian exploration and development company with a focus on generating gold-copper projects globally. On January 15, 2026, Capella announced the signing of a Binding Letter of Intent with Verde Metals with respect to an Earn-In Agreement on the Solana Iron-Oxide Copper-Gold ('IOCG') project in southern Spain. Work plans for the Solana project are currently in the process of being approved by the Andalucian Mining Authority, with field activities expected to begin in H2, 2026. Capella announced on September 2, 2025, the signing of a Definitive Agreement with Turkish mining company, Tümad Madencilik Sanayi Ve Ticaret A.S. ('Tümad'), for a staged earn-in on the Company's portfolio of precious and base metal projects in Scandinavia. Tümad's minimum Year 1 investment commitment includes up to 12,000m of diamond drilling on the Company's gold-copper projects in the Central Lapland Greenstone Belt of northern Finland and the Hessjogruva copper-cobalt-zinc VMS project in central Norway. Capella also retains a carried 10% interest through to production on the Løkken copper-cobalt-zinc VMS project of central Norway through a partnership with Teako Minerals Corp. ('Teako'). In addition, Capella holds Net Smelter Royalties on the Savant Gold Project in Ontario, Canada (BeMetals Corp.) and the Central Finland Lithium Projects (Grit Metals Corp.), as a result of the divestiture of non-core assets.
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Capella Minerals Ltd financial statements
Key figures read from 36 of 36 financial statement filings, Oct 27, 2016 to Sep 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| May 2026 | May 2025 | May 2024 | May 2023 | May 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$418,548 | C$33,629 | C$61,409 | C$57,973 | C$1,103,663 |
| Total current assets | C$709,218* | C$61,239* | C$158,802* | C$136,151* | C$1,273,900* |
| Exploration and evaluation assets | C$618,187 | C$1,191,763 | C$1,631,153 | C$6,258,999 | C$3,130,253 |
| Property, plant and equipment | — | C$0 | C$776 | C$1,519 | — |
| Total assets | C$1,330,525 | C$1,454,833 | C$2,239,881 | C$6,568,237 | C$6,378,526 |
| Debt | C$129,014 | C$233,019 | C$214,116 | C$0 | C$40,000 |
| Total liabilities | C$997,261 | C$1,843,728 | C$1,495,493 | C$1,388,704 | C$380,793 |
| Shareholders' equity | C$333,264 | (C$388,895) | C$744,388 | C$5,179,533 | C$5,997,733 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY May 2026 | FY May 2025 | FY May 2024 | FY May 2023 | FY May 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | (C$253,327) | (C$27,078) | — | — | — |
| General and administrative | (C$825,767) | (C$682,767) | (C$680,286) | (C$644,269) | C$450,436 |
| Share-based compensation | (C$218,818) | C$0 | (C$39,017) | (C$187,264) | C$127,340 |
| Impairments and write-downs | — | — | — | — | (C$1,909) |
| Net income (loss) | (C$1,624,526) | (C$1,119,840) | (C$5,746,150) | (C$1,453,051) | C$1,551,833 |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY May 2026 | FY May 2025 | FY May 2024 | FY May 2023 | FY May 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,644,804)* | (C$424,190)* | (C$471,875)* | (C$743,143)* | (C$1,310,981)* |
| Investing cash flow | C$465,080* | C$339,951* | (C$938,631)* | (C$853,123)* | (C$923,856)* |
| Financing cash flow | C$1,426,026* | C$105,600* | C$1,390,919* | C$1,533,785* | C$3,272,648* |
| Exploration spending (capitalized) | (C$2,054,580) | (C$373,651) | (C$1,216,153) | (C$1,240,470) | (C$1,101,376) |
| Property, plant and equipment spending | — | — | C$0 | (C$2,619) | — |
| Proceeds from share issues | C$1,500,000 | C$0 | C$1,253,250 | C$1,613,600 | — |
| Change in cash | C$246,302 | C$21,361 | (C$19,587) | (C$62,481) | C$1,037,811 |
| Cash at end of period | C$418,548 | C$33,629 | C$61,409 | C$57,973 | C$1,103,663 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Capella Minerals Ltd financings
1 financing announced or closed by Capella Minerals Ltd, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-11-12 | Capella Minerals Ltd (CMIL) | Private placement | Closed, 1 tranche | $1.5M | $0.050 | Capella Announces Closing of $1,500,000 Financing |