Luca Mining is pleased to announce that it, along with an arm's-length third-party corporation, Jaluca Limited , have reached an agreement with Urion Holdings Limited to repurchase 100% of Luca's US$5.8 million convertible debenture held by Urion. Luca and Jaluca are purchasing 43% and 57% of the Debenture, respectively, for a total purchase price of US$7.2 million or at an as if converted basis of CAD$0.4338 per share, a [...]
Luca Mining has been advised that on December 31, 2024, one of the Company's insiders, Calu Opportunity Fund LP, with an address at 1166 Alberni Street, Vancouver, sold an aggregate of 5,699,975 common shares of Luca. The Common Shares were sold on the open market through the facilities of the TSX Venture Exchange at an average price of approximately $.62 per Common Share for an aggregate gross amount of $3,533,984 . Calu [...]
Luca Mining Corp. is pleased to announce that Mr. Ramon Mendoza Reyes, P.Eng., has agreed to join Luca as Chief Technical Officer to oversee, manage and execute the Company's technical and growth initiatives. Mr. Mendoza has a successful track of managing a variety of projects in the Mexican mining sector and his expertise will ensure Luca is successful delivering value from its ongoing optimization and expansion efforts [...]
Luca Mining Corp. announces that it has granted an aggregate of 850,000 incentive stock options to our recently hired V.P. Exploration and two other members of our new exploration team in accordance with Luca's omnibus equity incentive plan. The options vest over a period of three years and are exercisable at a price of $0.54, expiring five years from the date of their issuance. The grant of the Options is subject to [...]
Luca Mining Corp. reports its financial results for the three months and nine months ended September 30, 2024. Optimization and ramp up of operations at both Campo Morado and Tahuehueto continued to progress well during the third quarter. The Company is pleased to announce highlights of this transitional quarter which will set the stage for important catalysts ahead. Highlights Despite several planned and unplanned mill [...]
Luca Mining Corp. is pleased to announce the hiring of a highly experienced geological team to execute the Company's ambitious exploration strategy at both Tahuehueto and Campo Morado. The primary objective of the exploration strategy is to create significant value by focusing on three key goals: Identify additional high-grade, near-mine mineralization that can be quickly added to the mine plans at both Tahuehueto and [...]
Luca Mining Corp. is pleased to announce the recommencement of principal repayments on its term loans with Trafigura Mexico S.A. de C.V. , a significant milestone in the Company's financial strategy. The Company is on track to eliminate its term debt in 2026, reflecting a stronger financial outlook and disciplined cash management. Luca has outstanding loans with Trafigura totaling US$18.1 million. This total includes a [...]
Luca Mining Corp. is pleased to announce the start of an exploration drilling campaign at the Tahuehueto gold mine in Durango State, Mexico. The Tahuehueto property comprises a large, epithermal gold/silver vein system and this campaign is the first significant exploration drill program on the property in over 10 years. The Company expects the current campaign to include up to 5,000 metres of diamond core drilling in 26 [...]
Luca Mining Corp. is pleased to announce the successful implementation of the first two stages of the Campo Morado Improvement Project and commencement of Stage 3. In Q4 2023 the Company partnered with Ausenco México S. de R.L. de C.V. to implement a staged improvement project designed to increase metallurgical performance, mill throughput, sustaining plant performance and operating cash flow. The initial phase of the [...]
Following completion of its $11.3 million equity financing, Luca Mining Corp. is pleased to provide an update on planned activities at its two producing mines in Mexico as well as a corporate update. CEO Dan Barnholden commented, "Our primary areas of focus outlined below support our three pillars of value creation: optimization, exploration and expansion. We expect these programs to not only lead to a near term valuation [...]
Luca Mining Corp. is pleased to announce it has closed its fully subscribed brokered private placement pursuant to the "listed issuer financing exemption" under Part 5A of NI 45-106 - Prospectus Exemptions resulting in the issuance and sale of 19,000,000 units of the Company at a price of C$0.45 per LIFE Unit for aggregate gross proceeds of C$8,550,000 . The Company also closed its concurrent non-brokered private [...]
Further to its news releases dated September 6 and 12, 2024, Luca Mining Corp. confirms that it has fully subscribed its brokered private placement pursuant to the "listed issuer financing exemption" under Part 5A of NI 45-106 - Prospectus Exemptions of 19,000,000 units of the Company . Due to heavy demand, the Company has determined to increase the total amount of the recently announced concurrent non-brokered private [...]
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