• 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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