Capella Minerals management commentary cites higher consulting fees as net loss widens to CAD 412,916 in quarter ended Aug. 31, 2026
Bitget2026/11/02 20:16- Capella Minerals management commentary reported a CAD 412,916 loss for the three months ended August 31, 2026, versus CAD 69,298 a year earlier.
- Management attributed higher administrative costs mainly to increased consulting fees for permitting assistance, project identification and advisory services.
- A CAD 51,900 impairment reflected the relinquishment of the Løkken project interest, with no further work planned.
- Exploration costs expensed totaled CAD 28,953, primarily related to the Solana project.
- Cash stood at CAD 187,988 against current liabilities of CAD 1.08 million; management is seeking additional financing.
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