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Capella Minerals ( (TSE:CMIL) ) has provided an update.
Capella Minerals has completed a 1,946-metre maiden diamond drilling program in nine holes at its Killero E gold-copper project in Finland’s Central Lapland Greenstone Belt, marking the first phase of Tümad Madencilik’s 12,000-metre drill commitment for 2026. The campaign provides an initial test of historic gold-copper Base of Till anomalies along key structural and magnetic trends, with core logging and sampling under way and assay results expected in April.
The company plans to allocate the remaining 2,000 metres of its Northern Finland drill commitment across additional targets at Killero W, extensions to the former Saattopora mine, new conceptual gold targets at Jolhikko and Seisunselka, and follow-up at Killero E. Capella is also preparing an 8,000-metre summer drill program at the Hessjogruva copper-cobalt-zinc project in Norway, pending final permitting, underscoring a busy 2026 exploration schedule that could materially refine its project portfolio and resource potential.
The most recent analyst rating on (TSE:CMIL) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on Capella Minerals stock, see the TSE:CMIL Stock Forecast page.
Spark’s Take on CMIL Stock
According to Spark, TipRanks’ AI Analyst, CMIL is a Neutral.
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and continuing cash burn with funding/dilution risk despite some improvement) and a bearish technical setup (below key moving averages with negative MACD). Valuation provides little support due to a negative P/E and no dividend yield data.
To see Spark’s full report on CMIL stock, click here.
More about Capella Minerals
Capella Minerals Ltd. is a Vancouver-based mineral exploration company focused on gold, copper and other base metals projects in Northern Europe. Its key assets include gold-copper targets in the Central Lapland Greenstone Belt of northern Finland and the Hessjogruva copper-cobalt-zinc project in central Norway, advanced through a strategic partnership and joint venture with Turkish miner Tümad Madencilik.
Average Trading Volume: 74,246
Technical Sentiment Signal: Sell
Current Market Cap: C$5.93M
Learn more about CMIL stock on TipRanks’ Stock Analysis page.