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LUCKY MINERALS INC - LKMNF STOCK NEWS

Welcome to our dedicated page for LUCKY MINERALS news (Ticker: LKMNF), a resource for investors and traders seeking the latest updates and insights on LUCKY MINERALS stock.

Lucky Minerals Inc. (LKMNF) is an exploration and development company focused on large-scale mineral systems in established districts with the potential for world-class deposits. The company owns a 100% interest in the Fortuna Property, consisting of twelve contiguous, 550 km2 exploration concessions in southern Ecuador, a promising yet underexplored gold belt. Lucky aims to unlock the full potential of its assets through strategic partnerships, innovative exploration techniques, and a commitment to sustainable mining practices.

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Lucky Minerals Inc. extends maturity date of convertible debenture by 90 days
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Michael Gentile has disposed of 6,002,000 common shares in Lucky Minerals Inc., reducing his ownership to 8.65% of the company's issued and outstanding shares. He may acquire more securities or sell shares depending on market conditions.
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Lucky Minerals Inc. announces the closing of a non-brokered private placement, raising $54,000. Insiders of the company acquired 780,000 units in the offering. The company also announces the resignation of its Chief Financial Officer, Jeannine Webb.
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Lucky Minerals (OTCPink:LKMNF) has reported significant gold mineralization discoveries at its Wayka Project in Ecuador. The project spans 550 square kilometers in a promising gold belt. The initial drill program has produced five holes, demonstrating continuity of gold mineralization, with results showing grades up to 0.87 g/t gold over 5.82 meters. Drill hole DDHW-001-2023 encountered 0.64 g/t gold from surface to 7 meters, while DDHW-003-2023 achieved 0.68 g/t gold over 10 meters.

The company's shares are trading at $0.035, reflecting strong exploration advancements in the highly prospective area.

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Lucky Minerals Inc. (OTC PINK:LKMNF) announced the discovery of significant gold mineralization from its initial drill program at the Wayka Project, totaling 384 metres. The first five drill holes yielded notable results: 10 metres at 0.68 g/t (DDHW-003), 7 metres at 0.64 g/t (DDHW-001), and 5.82 metres at 0.87 g/t gold (DDHW-005). CEO François Perron highlighted the potential to find high-grade gold structures with further drilling. The project, located in Ecuador, follows successful trench results previously reported. Continuous drilling aims to deepen the understanding of the epithermal gold system. Results will be released as they are received.

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Lucky Minerals Inc. (OTC PINK:LKMNF) announced a non-brokered private placement of up to 12,500,000 units priced at $0.056 each, aiming to raise approximately CDN $700,000. The units consist of common shares and three-year purchase warrants. Prominent investor Michael Gentile will maintain a 19.9% stake in the company. Proceeds will support drilling at the Fortuna Project in Ecuador and general working capital. This offering, subject to TSX Venture Exchange approval, includes related party transactions exempt from certain shareholder approval under MI 61-101. A material change report will follow.

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Lucky Minerals Inc. has received conditional approval from the TSX Venture Exchange for a service agreement with Hubbard Drilling. The agreement will result in the issuance of 4,252,891 common shares at a deemed price of $0.05 per share, totaling CDN$212,645. These shares are subject to a four-month hold period. Lucky Minerals is focused on exploring large-scale mineral systems and fully owns the Fortuna Property, part of a promising gold belt in southern Ecuador.

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Lucky Minerals Inc. has announced ongoing geological work at the Wayka epithermal gold discovery on its Fortuna Property in Ecuador. The Kelly Zone has shown promising gold values, with channel sample C-21 returning 0.46 g/t gold over 25 metres, including 0.98 g/t gold over 11 metres. A mineralized breccia has been confirmed, extending over a 100-metre strike length. Additional assays are pending from ongoing fieldwork, indicating potential for further discoveries. The company is committed to following strict QA/QC protocols, ensuring the integrity of its exploration results.

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FAQ

What is the market cap of LUCKY MINERALS (LKMNF)?

The market cap of LUCKY MINERALS (LKMNF) is approximately 1.2M.

What is Lucky Minerals Inc. focused on?

Lucky Minerals Inc. focuses on exploration and development of large-scale mineral systems in established districts.

Where is the Fortuna Property located?

The Fortuna Property is located in a highly prospective, yet underexplored, gold belt in southern Ecuador.

What does Lucky Minerals Inc. aim to achieve with its assets?

Lucky Minerals Inc. aims to unlock the full potential of its assets through strategic partnerships, innovative exploration techniques, and sustainable mining practices.

How many exploration concessions does Lucky Minerals Inc. own?

Lucky Minerals Inc. owns twelve contiguous, 550 km2 exploration concessions as part of the Fortuna Property.

What percentage of Lucky Minerals Inc. does Michael Gentile beneficially own or control?

Prior to a recent disposition, Michael Gentile beneficially owned or controlled approximately 11.61% of the Company's issued and outstanding shares.

What is the price at which the convertible debenture of Lucky Minerals Inc. is convertible into units?

The convertible debenture of Lucky Minerals Inc. is convertible into units at C$0.10 per unit.

When was the maturity date of the convertible debenture extended to?

The maturity date of the convertible debenture was extended by a further 90 days from October 4, 2023, to January 2, 2024.

Who is the President and CEO of Lucky Minerals Inc.?

François Perron serves as the President and Chief Executive Officer of Lucky Minerals Inc.

How can additional information about Lucky Minerals Inc. be accessed?

Additional information about Lucky Minerals Inc. can be found on the company's website, SEDAR, or by contacting François Perron via email or telephone.

What does Lucky Minerals Inc.'s exploration strategy involve?

Lucky Minerals Inc.'s exploration strategy focuses on targeting large-scale mineral systems in proven districts with the potential to host world-class deposits.

LUCKY MINERALS INC

OTC:LKMNF

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LKMNF Stock Data

1.19M
162.33M
19.8%
2.73%
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