VANCOUVER, BC, Feb. 19,
2025 /CNW/ - Luca Mining
Corp. ("Luca" or the "Company") (TSXV: LUCA)
(OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce that it has
been included in the 2025 TSX Venture 50TM list of top
performing companies.
TSX Venture 50TM is an annual ranking of the top
performing companies over the last year on the TSX Venture
Exchange. The companies are ranked based on three equally weighted
criteria of one-year share price appreciation, market
capitalization increase, and Canadian consolidated trading
value.
Dan Barnholden, CEO, commented, "We have delivered an
approximate 77% increase in our share price over the course of
2024, and I'm pleased to see that this trend has continued into
2025. We appreciate the recognition by TSXV of our efforts at
building shareholder value. We expect 2025 to be another
transformative year for Luca as we continue to grow our production
and cash flow and embark on exciting exploration programs at both
of our operating mines."
Commenting on the TSX Venture 50TM, Tim Babcock, President of the TSX Venture
Exchange, said, "The performance of the TSX Venture 50
underscores the strategic importance of Canadian natural resources
and high-growth innovation. With heightened demand for critical
minerals, energy security and transition, and advanced
manufacturing, this year's TSX Venture 50 showcases how TSXV is
empowering Canadian businesses to raise capital, scale operations,
and contribute to a secure and prosperous future for Canada."
About Luca Mining Corp.
Luca Mining (TSX-V: LUCA,
OTCQX: LUCMF, Frankfurt: Z68) is a diversified Canadian mining
company with two 100%-owned producing mines within the prolific
Sierra Madre mineralized belt in
Mexico which hosts numerous
producing and historic mines along its trend. The Company produces
gold, copper, zinc, silver and lead from these mines that each have
considerable development and resource upside.
The Campo Morado polymetallic
VMS mine is an underground operation located in Guerrero State. It produces
copper-zinc-lead concentrates with precious metals credits. It is
currently undergoing an optimization program which is already
generating significant improvements in recoveries, grades,
efficiencies, and cashflows.
The Tahuehueto epithermal gold and silver mine is a new
underground operation in Durango State. The Company is
commissioning the Tahuehueto mill and expects to achieve commercial
production in early 2025.
On Behalf of the Board of Directors
(signed) "Dan Barnholden"
Dan Barnholden, Chief Executive
Officer
For more information, please visit: www.lucamining.com
Cautionary Note Regarding 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).
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 Financings, the anticipated timing of
closing thereof and the expected use of proceeds therefrom; 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 all requisite approvals in
respect of the Financings will be received, and all conditions
precedent to completion of the Financings will be satisfied, in a
timely manner; the Company will be able to raise additional capital
as necessary; the current exploration, development, environmental
and other objectives concerning the Campo Morado Mine and the
Tahuehueto Project can be achieved; 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.