M&A Deal Summary

Capella Minerals Acquires Hessjogruva Copper-Zinc-Cobalt Project

On April 6, 2022, Capella Minerals acquired metals/mining company Hessjogruva Copper-Zinc-Cobalt Project from Hessjogruva

Acquisition Highlights
  • This is Capella Minerals’ 1st transaction in the Metals/Mining sector.
  • This is Capella Minerals’ 1st transaction in Norway.

M&A Deal Summary
Date 2022-04-06
Target Hessjogruva Copper-Zinc-Cobalt Project
Sector Metals/Mining
Buyer(s) Capella Minerals
Sellers(s) Hessjogruva
Deal Type Divestiture

Target

Hessjogruva Copper-Zinc-Cobalt Project

Norway
Hessjogruva Copper-Zinc-Cobalt ("Cu-Zn-Co") Project is located approximately 20km SW of Kjøli Cu-Zn-Co project (Figure 1) and has a current mineral inventory (non-Canadian National Instrument NI 43-101 compliant mineral resource) of 3MT @ 1.7% Cu + 1.4% Zn1,2 (or 2.2% Cu equivalent3) based on a total of 12,139m / 68 holes of historical diamond drilling. The project provides Capella with a potential near-term development asset that complements the Company's ongoing exploration activities at the adjacent Kjøli project.

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Buyer(S) 1

Buyer

Capella Minerals

Mission, British Columbia, Canada

website

Category Company
Founded 2005
Sector Metals/Mining
DESCRIPTION

Capella Minerals is engaged in the acquisition, exploration, and development of quality mineral resource properties throughout the Americas and in other favorable jurisdictions, with a focus on high-grade precious and base metals deposits. Capella Minerals's current focus is on the discovery of high-grade gold resources at the drill-ready and 100%-owned Savant Lake project in Ontario, in addition to working with Project Operator Yamana Gold on advancing the Domain Joint Venture in Manitoba (NDR 29.6% interest). Capella Minerals also continues to evaluate strategic alternatives for its 100%-owned Las Calandrias and Los Cisnes projects in the highly prospective Deseado Massif of Santa Cruz Province, southern Argentina. Capella Minerals was founded in 2005 and is based in Mission, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 New Dimension Resources- Sierra Blanca Gold-Silver Project

Santa Cruz, Argentina

New Dimension Resources' Sierra Blanca Gold-Silver Project is a mining company that consists of approximately 7,000 Ha (70 square kilometers) of mining claims based in Santa Cruz Province, Argentina.

Sell -

Seller(S) 1

SELLER

Hessjogruva

Ålen, Norway

website

Category Company
Founded 2011
Sector Metals/Mining
DESCRIPTION

Hessjogruva is 100% owned by the municipality that manages mineral resources for Holtålen municipality in Sør-Trøndelag. Holtålen municipality has owned 3 extraction rights in the Hessjø field since 1986. The deposit is located in Hessdalen approx. 1/2 km. west of the municipal border to Røros in the SE and again only about 8 km. from the well-known Nord-mine field in Røros with Kongens gruve in the center of the field. Hessjogruva was formed in Ålen, Norway.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
Country (Norway) 1 of 1
Year (2022) 1 of 1
Mergr

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Company

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