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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Further to its news release dated Sept 6, 2024, Luca Mining Corp. is pleased to announce that Stifel as lead agent on behalf of a syndicate of agents including Haywood Securities, Ventum Financial, BMO Capital Markets and Canaccord Genuity, has advised the Company that the brokered "best-efforts" private placement pursuant to the "listed issuer [...]
Luca Mining Corp. is pleased to announce that it has entered into an agreement with Stifel to act as lead agent and sole bookrunner for and behalf of a syndicate of agents , in connection with a "best-efforts" private placement of up to 19,000,000 units of the Company at a price of $0.45 per LIFE Unit for aggregate gross proceeds of C$8.55 million [...]
Luca Mining Corp. is pleased to announce its financial results for the six months ended June 30, 2024. Highlights Record Net Quarterly Revenue for Q2 2024 of US$18.2 million, up 49% from Q2 2023. Total Net Revenue for the six months ended June 30, 2024, of US$34.5 million, an increase of 33% over the same 2023 period. Positive Net Earnings of [...]
Luca Mining Corp. wishes to clarify a Form 62-103F1 Early Warning Report issued today by Trafigura Beheer B.V. . The EWR relates to a debt restructuring agreement entered into between Luca and Trafigura on December 11, 2023. The debt restructuring related to the conversion of an outstanding loan in the amount of US$5,800,000 into a [...]
Luca Mining Corp. announces that it has granted an aggregate of 4,508,833 incentive stock options and 800,000 Restricted Share Units to certain officers and directors in accordance with Luca's omnibus equity incentive plan. The Options are exercisable at a price of $.55 and will expire five years from the date of their issuance. The Options will [...]
