(Energy Analytics Institute, 2.Dec.2024) — Luca Mining Corp.—a diversified Canadian mining company with two 100%-owned producing mines in Mexico—has granted an aggregate of 850,000 incentive stock options to its recently hired VP Exploration and two other members of our new exploration team in accordance with Luca’s omnibus equity incentive plan.
The options vest over a period of three years and are exercisable at a price of $0.54, expiring five years from the date of their issuance, Luca announced 2 Dec. 2024 in an official statement.
The grant of the options is subject to approval by the TSX Venture Exchange.
Mexican mines
The Campo Morado mine is an underground operation located in Guerrero State, a prolific mining region in Mexico. It produces copper-zinc-lead concentrates with precious metals credits. It is currently undergoing an optimization program which is generating significant improvements in recoveries and grades, efficiencies, and cashflow, according to Luca.
The Tahuehueto gold-silver mine is a new underground operation in Durango State, Mexico. Luca has completed the installation of major equipment and is commissioning its mill capacity to 1,000 tonnes per day, with key test work and production ramp-up underway, to achieve full production, Luca said in the statement.
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