29 Oct 2025

"Tumad Madencilik Forms Exploration Partnership with Capella Minerals in Finland and Norway"

"Pekin & Pekin, alongside Roschier Attorneys and Wikborg Rein Advokatfirma, has advised Tumad Madencilik on an exploration partnership with Capella Minerals. Tumad, a Turkish mining company, focuses on gold and precious metals, while Capella specializes in exploring mineral deposits in northern Finland and central Norway. The partnership is structured as an earn-in agreement for early-stage projects in these regions. The Pekin & Pekin team included Senior Partners Guryay Bingol and Firat Yalcin, Partner Esra Tuncay, and Associate Naz Midoglu."

Pekin & Pekin, in collaboration with Roschier Attorneys and Wikborg Rein Advokatfirma, advised Tumad Madencilik on its exploration partnership with Capella Minerals, while Legisterra reportedly provided counsel to Capella. The transaction involves an earn-in partnership that focuses on early-stage exploration projects in Finland and Norway, with Tumad Madencilik, a Turkish mining company, primarily engaged in the production of gold and other precious metals, and Capella Minerals, an exploration and development company targeting gold, copper, and cobalt mineral deposits. The Pekin & Pekin team included Senior Partners Guryay Bingol and Firat Yalcin, Partner Esra Tuncay, and Associate Naz Midoglu.
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