Mike Fagan,
Editor
Feb. 3, 2026
Capella Minerals Ltd. (TSX-V: CMIL) — currently trading around C$0.13 per share in a booming precious and base metals market — has announced the acquisition of an initial 75% interest in the Solana Iron Oxide Copper-Gold (IOCG) Project in southern Spain, expanding its copper-gold footprint into a new, underexplored European district.
The district-scale Solana project represents a rare IOCG opportunity in southern Spain, an area that has seen limited modern exploration since historical mining activity ceased in the early 1900s.
The property hosts an extensive network of high-grade, hematite-rich copper-gold veins traced over a cumulative mapped strike length of ~50 kilometers.
Capella is initiating exploration with a focus on early-stage target definition followed by first-pass diamond drilling slated for later in the year.
Capella Minerals CEO Eric Roth — whom you’ll hear from next in our exclusive interview — commented on the importance of the Solana project to the broader project portfolio via press release:
“I am extremely pleased to be announcing the incorporation of the Solana Iron-Oxide Copper-Gold project into Capella's exploration and development portfolio. The Solana project represents a new geological target type for southern Spain, with only limited historical exploration having been completed since the closure of operating mines in the 1920s. Indeed, whilst most exploration companies operating in the Iberian Peninsula have focused on the Cretaceous-age Pyrite Belt of southwestern Spain, the Solana IOCG project represents a new concept for potential copper-gold discoveries. I sincerely look forward to keeping all stakeholders updated as we move forward with exploration at Solana.”
As alluded to, Solana adds a third growth pillar to Capella’s expanding European portfolio, which is focused on high-grade gold and copper discoveries across Spain, Finland, and Norway.
In northern Finland, Capella is advancing a 4,000-meter maiden drill program at the Killerö E orogenic gold-copper target in the prolific Central Lapland Greenstone Belt, representing the first-ever drill test of the former Anglo American-defined target, fully funded under Capella’s strategic partnership with Tümad.
In Norway, Capella controls the advanced-stage Hessjøgruva copper-cobalt-zinc VMS project, supported by more than 12,000 meters of historical drilling and established infrastructure, with a fully funded 8,000-meter drill program planned for 2026 under the same Tümad partnership.
Capella also holds a 10% carried-to-production interest in the Løkken VMS district, providing long-term upside with no near-term capital requirements.
As you’ll see in our exclusive interview up next, Capella’s strategy is anchored by a management team with a proven track record of global discovery success and a growth model focused on early-stage, high-grade projects capable of attracting strategic partners or acquirers as exploration advances.
With multiple partner-funded drill programs planned for 2026, Capella offers exposure to year-round, drill-driven catalysts across three top European mining jurisdictions, all at a market capitalization of approximately C$10 million — highlighting a clear valuation disconnect in today’s strong metals price environment.
Right on the story as always, our own Gerardo Del Real of Junior Resource Monthly caught up with Capella Minerals president & CEO Eric Roth to walk us through the company’s European portfolio and drill-driven discovery approach. Please enjoy!
For additional information on British Columbia-based Capella Minerals Ltd., be sure to contact Karen Davies at the company’s IR department at 604-314-2662 or via email at info@capellaminerals.com.
Sign up to receive updates directly from the company at the Capella Minerals corporate website. View the most recent Corporate Presentation here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from Capella Minerals
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