Capricorn Metals (ASX:CMM) agreed to acquire the Yalgoo project tenement package in Western Australia from Tempest Minerals (ASX:TEM) for AU$4.5 million, according to a Tuesday filing with the Australian bourse.

The consideration comprises an initial deposit of AU$100,000 in cash, AU$400,000 in cash upon completion, as well as the issue of shares in the company worth AU$4 million, the filing said.

The transaction is expected to be completed in January 2026, per the filing.