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LUCA INSIDER CALU OPPORTUNITY FUND LP ADVISES OF SHARE SALES AND WARRANT EXERCISE

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Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) announced that Calu Opportunity Fund LP, a major insider, sold 5,699,975 common shares on December 31, 2024, through the TSX Venture Exchange at an average price of $0.62 per share, generating $3,533,984 in gross proceeds. Calu intends to use $2,000,000 of these proceeds to exercise 4,000,000 warrants at $0.50 per warrant.

Prior to the transaction, Calu owned 35,000,000 common shares (approximately 17.57% of outstanding shares) and 7,000,000 warrants. Following the share sale and warrant exercise, Calu will hold 33,300,025 common shares and 3,000,000 remaining warrants. The fund has not disclosed any specific plans for future transactions, stating that future decisions will depend on market conditions and investment factors.

Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) ha annunciato che Calu Opportunity Fund LP, un importante insider, ha venduto 5.699.975 azioni comuni il 31 dicembre 2024, attraverso il TSX Venture Exchange a un prezzo medio di $0,62 per azione, generando proventi lordi di $3.533.984. Calu intende utilizzare $2.000.000 di questi proventi per esercitare 4.000.000 di warrant a $0,50 per warrant.

Prima della transazione, Calu possedeva 35.000.000 azioni comuni (circa il 17,57% del totale delle azioni) e 7.000.000 di warrant. Dopo la vendita delle azioni e l'esercizio dei warrant, Calu deterrà 33.300.025 azioni comuni e 3.000.000 di warrant rimanenti. Il fondo non ha rivelato piani specifici per future transazioni, affermando che le decisioni future dipenderanno dalle condizioni di mercato e dai fattori di investimento.

Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) anunció que Calu Opportunity Fund LP, un importante insider, vendió 5.699.975 acciones ordinarias el 31 de diciembre de 2024, a través de la TSX Venture Exchange a un precio promedio de $0,62 por acción, generando ingresos brutos de $3.533.984. Calu tiene la intención de usar $2.000.000 de estos ingresos para ejercer 4.000.000 de warrants a $0,50 por warrant.

Antes de la transacción, Calu poseía 35.000.000 acciones ordinarias (aproximadamente el 17,57% de las acciones en circulación) y 7.000.000 de warrants. Tras la venta de acciones y el ejercicio de warrants, Calu tendrá 33.300.025 acciones ordinarias y 3.000.000 de warrants restantes. El fondo no ha divulgado planes específicos para futuras transacciones, indicando que las decisiones futuras dependerán de las condiciones del mercado y de factores de inversión.

Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF)는 Calu Opportunity Fund LP라는 주요 내부자가 2024년 12월 31일에 TSX 벤처 거래소를 통해 평균 주당 $0.62에 5,699,975주를 판매하여 총 $3,533,984의 수익을 올렸다고 발표했습니다. Calu는 이러한 수익금 중 $2,000,000을 사용하여 주당 $0.50에 4,000,000개의 워런트를 행사할 계획입니다.

거래 이전에 Calu는 35,000,000주(약 17.57%의 발행 주식)와 7,000,000개의 워런트를 보유하고 있었습니다. 주식 판매와 워런트 행사 후, Calu는 33,300,025주와 3,000,000개의 잔여 워런트를 보유하게 됩니다. 이 펀드는 향후 거래에 대한 구체적인 계획을 공개하지 않았으며, 향후 결정은 시장 상황과 투자 요소에 따라 달라질 것이라고 밝혔습니다.

Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) a annoncé que Calu Opportunity Fund LP, un important initié, a vendu 5.699.975 actions ordinaires le 31 décembre 2024, par l'intermédiaire de la TSX Venture Exchange, à un prix moyen de 0,62 $ par action, générant des produits bruts de 3.533.984 $. Calu a l'intention d'utiliser 2.000.000 $ de ces produits pour exercer 4.000.000 de warrants à 0,50 $ par warrant.

Avant la transaction, Calu possédait 35.000.000 actions ordinaires (environ 17,57 % des actions en circulation) et 7.000.000 de warrants. À la suite de la vente d'actions et de l'exercice des warrants, Calu détiendra 33.300.025 actions ordinaires et 3.000.000 de warrants restants. Le fonds n'a pas divulgué de plans spécifiques pour de futures transactions, déclarant que les décisions futures dépendront des conditions du marché et des facteurs d'investissement.

Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) gab bekannt, dass Calu Opportunity Fund LP, ein bedeutender Insider, am 31. Dezember 2024 über die TSX Venture Exchange 5.699.975 Stammaktien zu einem Durchschnittspreis von $0,62 pro Aktie verkauft hat, was zu einem Bruttoerlös von $3.533.984 führte. Calu beabsichtigt, $2.000.000 aus diesem Erlös zu verwenden, um 4.000.000 Warrants zu einem Preis von $0,50 pro Warrant auszuüben.

Vor der Transaktion besaß Calu 35.000.000 Stammaktien (etwa 17,57% der ausstehenden Aktien) und 7.000.000 Warrants. Nach dem Verkauf der Aktien und der Ausübung der Warrants wird Calu 33.300.025 Stammaktien und 3.000.000 verbleibende Warrants halten. Der Fonds hat keine spezifischen Pläne für zukünftige Transaktionen bekannt gegeben und erklärte, dass zukünftige Entscheidungen von den Marktbedingungen und Investitionsfaktoren abhängen werden.

Positive
  • Warrant exercise at $0.50 brings $2,000,000 in fresh capital to the company
  • Major insider maintains substantial position with over 33.3M shares post-transaction
Negative
  • Large insider sale of 5.7M shares at $0.62 could signal negative sentiment
  • Significant selling pressure from insider transaction worth $3.53M

VANCOUVER, BC, Jan. 2, 2025 /PRNewswire/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68)

The Company has been advised that on December 31, 2024, one of the Company's insiders, Calu Opportunity Fund LP, ("Calu") with an address at 1166 Alberni Street, Suite 1201 Vancouver, BC V6E 3Z3, sold an aggregate of 5,699,975 common shares ("Common Shares") of Luca. The Common Shares were sold on the open market through the facilities of the TSX Venture Exchange (the "TSXV") at an average price of approximately $.62 per Common Share for an aggregate gross amount of $3,533,984 (the "Sales Proceeds"). Calu has advised the Company's management that it intends to use $2,000,000 of the Sales Proceeds to exercise a total of 4,000,000 warrants at an exercise price of $.50 per warrant.

Immediately prior to the sale of the Common Shares described above, Calu owned or controlled an aggregate of 35,000,000 Common Shares, representing approximately 17.57% of the then issued and outstanding Common Shares and 7,000,000 share purchase warrants (the "Warrants") entitling Calu to acquire an additional 7,000,000 Common Shares. Following the sale of the Common Shares and the exercise of 4,000,000 Warrants, Calu will own or control 33,300,025 Common Shares and 3,000,000 Warrants.

Calu does not have any specific current plan or future intention with respect to such securities and may or may not purchase or sell securities of the Company in the future on the open market or in private transactions in the ordinary course, depending on market conditions and other factors material to Calu's investment decision.

About Luca Mining Corp

Luca Mining (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is a diversified Canadian mining company with two 100%-owned producing mines in Mexico within the prolific Sierra Madre Mineral Belt. The Company produces gold, copper, zinc, silver and lead from these mines that each have considerable development and resource upside.

The Campo Morado mine, is an underground operation located in Guerrero State, an important mining region in Mexico. It produces copper-zinc-lead concentrates with precious metals credits. It is currently undergoing an optimisation program which is already generating significant improvements in recoveries and grades, efficiencies, and cashflows. The mill at Campo Morado has a capacity of 2,400 tonnes per day.

The Tahuehueto Gold, Silver mine is a new underground mine in Durango State, Mexico which hosts numerous producing and historic mines on trend. Tahuehueto has a designed processing capacity of 1,000 tonnes per day and is expected to achieve commercial production in Q1 2025.   

Luca Mining is focused on growth with the aim of maximizing shareholder returns.

For more information, please visit: www.lucamining.com 

On Behalf of the Board of Directors

(signed) "Dan Barnholden"

Dan Barnholden, Chief Executive Officer

Cautionary Note Regarding Production Decisions and Forward-Looking Statements 

It should be noted that Luca declared commercial production at Campo Morado prior to completing a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, readers should be cautioned that Luca's production decision has been made without a comprehensive feasibility study of established reserves such that there is greater risk and uncertainty as to future economic results from the Campo Morado mine and a higher technical risk of failure than would be the case if a feasibility study were completed and relied upon to make a production decision. Luca has completed a preliminary economic assessment ("PEA") mining study on the Campo Morado mine that provides a conceptual life of mine plan and a preliminary economic analysis based on the previously identified mineral resources (see news releases dated November 8, 2017, and April 4, 2018).

Positive operating cash flow is defined as excluding capital, debt repayment and Trafigura financing.

Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities laws. Forward Looking Information includes, but is not limited to, disclosure regarding the planned program to improve mining operations at Campo Morado; and other possible events, conditions or financial performance that are based on assumptions about future economic conditions and courses of action; the timing and costs of future activities on the Company's properties, such as production rates and increases; success of exploration, development and bulk sample processing activities, and timing for processing at its own mineral processing facility on the Tahuehueto project site. In certain cases, Forward-Looking Information can be identified using words and phrases such as "plans," "expects," "scheduled," "estimates," "forecasts," "intends," "anticipates" or variations of such words and phrases. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, that the current exploration, development, environmental and other objectives concerning the Campo Morado Mine and the Tahuehueto Project can be achieved; that the program to improve mining operations at Campo Morado will proceed as planned; the continuity of the price of gold and other metals, economic and political conditions, and operations. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

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SOURCE Luca Mining Corp.

FAQ

How many shares did Calu Opportunity Fund sell in LUCMF on December 31, 2024?

Calu Opportunity Fund sold 5,699,975 common shares of Luca Mining (LUCMF) at an average price of $0.62 per share.

What is the value of Calu's share sale in LUCMF?

The total value of Calu's share sale was $3,533,984, executed at an average price of $0.62 per share.

How many warrants will Calu exercise in LUCMF?

Calu intends to exercise 4,000,000 warrants at $0.50 per warrant, using $2,000,000 of the sale proceeds.

What is Calu's remaining position in LUCMF after the transactions?

After the share sale and warrant exercise, Calu will own 33,300,025 common shares and hold 3,000,000 remaining warrants.

LUCA MINING CORP.

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