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Luminex Resources Corp. - LUMIF STOCK NEWS

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

Luminex Resources Corp. (TSXV: LR; OTCQX: LUMIF) maintains a strategic focus on gold and copper exploration across Ecuador's mineral-rich regions. This comprehensive news hub provides stakeholders with essential updates on project developments, partnership agreements, and operational milestones.

Investors and industry observers will find detailed coverage of the company's core assets including the Condor Gold-Copper project and Los Cuyes deposit. Recent highlights feature metallurgical testing results demonstrating high recovery rates and progress on the Pegasus Earn-In agreement with Anglo American.

The resource center aggregates official press releases covering resource estimates, exploration updates, and strategic partnerships. All content undergoes verification to ensure compliance with Canadian securities regulations and mining disclosure standards.

Bookmark this page for streamlined access to Luminex's latest developments in Ecuador's emerging mineral sector. Regular updates provide critical insights for informed analysis of the company's exploration portfolio and growth strategy.

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Luminex Resources Corp. (LUMIF) announces overwhelming shareholder and optionholder approval for the proposed acquisition by Adventus Mining Corporation. The Arrangement Resolution was approved by 99.97% of the votes cast by shareholders, and the completion is expected on January 25, 2024, pending court approval and other closing conditions.
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Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) has successfully reached an agreement with Anglo American plc to amend and restate the Pegasus earn-in and joint venture agreement. Under the Amended Earn-In Agreement, the Company has agreed to Anglo American having a right to earn-in and retain the original 60% earn-in ownership threshold by spending US$15M more than expenditures to date, of which US$10M must be allocated to direct drilling costs. Luminex will also be owed US$3.9M by way of cash payments to complete the earn-in to 60% ownership. The parties have agreed to exit a portion of the exploration tenure (Pegasus B) and reduce the concession size at Pegasus A. The CEO, Marshall Koval, expressed optimism about the potential for large-scale copper porphyry discoveries at Pegasus.
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Lumina Gold Corp. (TSXV: LR) (OTCQX: LUMIF) Announces Positive Results from Annual Shareholders Meeting in Vancouver
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Luminex Resources Corp. announces positive results from its metallurgical test program at the Los Cuyes deposit, with 95% gold recoveries using whole ore cyanidation and 96% gold recoveries using flotation on the Cuyes West high-grade composite. The high recovery rates represent an important step in advancing the Condor North project. The company holds a large and highly prospective land package in Ecuador.
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Luminex Resources Corp. is in discussions with Anglo American to amend the terms of the Pegasus Earn-In, suspending the withdrawal notice for 45 days.
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Luminex Resources Corp. signs agreement with 17 artisanal miners in the Condor Project, securing areas for mine development and satisfying miners' desire for legal concession rights. The agreement creates 63 hectares of formalized concessions and is expected to benefit individuals within the project's area of influence.
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Luminex Resources Corp. announces that Anglo American has withdrawn its option to increase ownership in the Pegasus project in Ecuador. Delays in drilling at Medusa South have occurred due to surface access issues. Luminex and Anglo American may discuss realigning the earn-in agreement terms. Anglo American has spent approximately $26 million. Luminex believes the area offers attractive copper porphyry targets. The next concession payments for Pegasus are due in March 2024.
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Luminex Resources reaches historic agreement with informal miners in Condor North, positively impacting stock price.
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Luminex Resources Corp. reaches historic agreement with informal miners in Condor gold project in Ecuador
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Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) announced successful drill results from two holes at the Cuyes West structure, including high-grade gold and silver intersections. The company anticipates expanding the mineral resource at Condor and updating its Preliminary Economic Assessment in 2024.
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Luminex Resources Corp.

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