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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. (LKMNF) reports promising sample assay results from the Wayka epithermal gold discovery at its Fortuna Property in Ecuador. Trench T-10 yielded 2.81 g/t gold over 2 metres, while T-11 reported 1.12 g/t gold over 2 metres, and T-12 showed 1.21 g/t gold over 10 metres. Results indicate expanding mineralized intervals and further investigation is planned. The company emphasizes the early understanding of mineralization and the continuation of exploration efforts, including soil sampling and drilling anticipated in the near future.

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Lucky Minerals Inc. (OTC:LKMNF) will participate in Renmark Financial Communications' Virtual Non-Deal Roadshow on October 21, 2021, at 12:00 PM EDT. CEO François Perron will discuss recent exploration developments and present the latest investor presentation, followed by a live Q&A session. Stakeholders and investors are encouraged to register as attendance may be limited. The event replay will be available on the Company's Investor website. Lucky Minerals, focused on large-scale mineral systems, owns the Fortuna Project, covering 550 km2 in Ecuador.

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Lucky Minerals Inc. (LKMNF) announced positive assay results from its Wayka epithermal gold discovery at the Fortuna Property in Ecuador. Key findings include: Trench T-2 showing 1.91 g/t gold over 27 meters; T-3 averaging 0.32 g/t gold over 17 meters; T-4 at 0.79 g/t gold over 7 meters; and T-9 yielding 0.59 g/t gold over 4 meters. Exploration efforts are ramping up, with plans for soil sampling and geophysics paving the way for future drilling. Additionally, Lucky has engaged Renmark Financial Communications for investor relations support.

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Lucky Minerals Inc (OTC PINK:LKMNF) has appointed Mr. Roy McDowall as an independent board member, enhancing its leadership team at a critical exploration phase. McDowall brings over 25 years of capital markets experience, previously serving at Macquarie Capital Markets Canada. The company has also granted stock options for 7,755,000 shares at Cdn $0.10 each, expiring October 1, 2026. Additionally, Lucky will issue 1,500,000 shares valued at Cdn $150,000 for services, pending regulatory approval. The Fortuna Project is a significant focus, covering 550 km² in southern Ecuador.

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Lucky Minerals Inc. (OTC:LKMNF) announced a significant update regarding its convertible debenture originally dated October 4, 2018. The maturity date has been extended by two years to October 4, 2023, with the interest rate reduced to 8% per annum. The conversion price is now set at $0.10 per unit, which includes one common share and a half share purchase warrant, exercisable at $0.15 until the new maturity date. The debenture, valued at $1,259,321 as of April 30, 2021, awaits TSX Venture Exchange approval.

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Lucky Minerals Inc has successfully completed the second tranche of its private placement, raising $1,148,000, bringing total proceeds to $3,875,840. The tranche included 14,350,000 units at $0.08 each, with each unit comprising one common share and one warrant exercisable at $0.15 until September 16, 2023. The funds will be used for a 3,000 metre drill program on the Fortuna Project in Ecuador and general working capital. The offering has received conditional approval from TSXV.

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Lucky Minerals Inc (TSXV:LKY, OTC PINK:LKMNF) has closed the first tranche of its private placement, raising CDN$2,727,840 by issuing 34,098,000 units at CDN$0.08 each. Each unit includes one common share and a warrant priced at CDN$0.15, valid for 24 months. The offering is pending final approval from the TSXV. Proceeds will fund a 3,000 metre drill program on the Fortuna Project in Ecuador, which encompasses 550 km² of exploration concessions. The company is committed to stringent Covid-19 protocols for all onsite workers.

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Lucky Minerals Inc has announced a non-brokered private placement of 43,750,000 units at a price of CDN$0.08 per unit, aiming for gross proceeds of CDN $3.5 million. Each unit includes one common share and one warrant, exercisable at CDN $0.15 for 24 months. Commitments of over CDN $2.5 million have already been secured, with a first tranche closing by September 3, 2021. Funds will support a 3,000-meter drill program at the Fortuna Project in Ecuador, following promising surface exploration results.

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Lucky Minerals Inc. (LKMNF) has announced promising gold assay results from its Wayka epithermal gold discovery at the Fortuna Property in Ecuador. The latest systematic sampling revealed an average of 17.63 g/t gold over 3.0 meters, with individual samples as high as 26.50 g/t. This indicates potential economic grades of gold in previously defined advanced argillic zones. The company plans further geological mapping and drilling to expand understanding and exploration of the mineralized system.

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Lucky Minerals Inc. reports promising results from its Wayka epithermal gold discovery at the Fortuna Property. Systematic sampling revealed up to 5.87 g/t gold with an average of 3.06 g/t over 4.0 meters. The exploration team continues detailed geological mapping and sampling, identifying a significant area of advanced argillic alteration. The project spans 55,000 hectares and is set for further exploration and drilling following additional geological assessments. CEO Francois Perron expresses optimism about the potential of the system as exploration progresses.

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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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