Lucky Minerals Stock Price, News & Analysis

Lance Hubbard announced the acquisition of 14,325,555 units of Lucky Minerals through a private placement on January 24, 2022. The investment totaled CAD$1,289,299.95, with each unit priced at $0.09. This acquisition increased his stake to approximately 10.18% of the company’s common shares, which could rise to 18.08% if warrants are exercised. The units consist of common shares and purchase warrants, exercisable at $0.20 per share until January 24, 2024. Hubbard aims to manage his stake based on market conditions.

Lucky Minerals Inc. has successfully closed a non-brokered private placement, raising gross proceeds of CDN$2,011,795.02 by issuing 22,353,278 units at CDN$0.09 each. Each unit includes one common share and a warrant exercisable at CDN$0.20 for 24 months. The funds will be allocated to a 3,000 metre drill program on the Fortuna Project in Ecuador and for general working capital. Notably, Lance Hubbard subscribed for 14,325,555 units in this related party transaction, which bypassed some minority shareholder approval requirements.

Lucky Minerals Inc. has entered a strategic partnership with Hubbard Drilling Services and announced a non-brokered private placement raising up to CDN $2,011,795. The partnership involves a non-binding letter of intent for a drilling contract, allowing Hubbard Drilling to be compensated with shares. The private placement will consist of 22,353,278 units at CDN $0.09 each, providing funds for the Fortuna Project's first drill program in Ecuador. This initiative strengthens Lucky's financial position ahead of upcoming drilling activities, expected to start in Q1 2022.

Lucky Minerals Inc. (OTC PINK:LKMNF) held its Annual General Meeting on December 8, 2021, where shareholders approved all resolutions in the Information Circular. Key decisions included receiving the audited financial statements for the fiscal year ending October 31, 2020, setting the board of directors at five members, and appointing PricewaterhouseCoopers as the auditor. Additionally, a 10% Rolling Incentive Stock Option Plan was approved. Lucky Minerals continues to focus on the Fortuna Project in southern Ecuador, which covers 550 km² of exploration concessions.

Lucky Minerals Inc. (OTC PINK:LKMNF) will participate in Renmark Financial Communications' live Virtual Non-Deal Roadshow Series on December 6, 2021, at 12:00 PM CST and December 8, 2021, at 1:00 PM PST. President and CEO François Perron will discuss the latest investor presentation and engage in a live Q&A. Registration is required, and access to replays will be available on the company's website. Lucky owns the Fortuna Property in Ecuador, targeting large-scale mineral systems.

Lucky Minerals Inc. will present at the Virtual Investor Day V on December 7, 2021, at 5:00 PM ET. CEO Francois Perron will share significant updates about the Company and its exploration projects in Southern Ecuador. The interactive event allows stakeholders to engage directly through Q&A and polls, enhancing investor communication. Lucky focuses on large-scale mineral systems, holding a 100% interest in the Fortuna Project, covering over 550 km². Register for the event here.

Lucky Minerals Inc. (LKMNF) has announced significant assay results from the Wayka epithermal gold discovery at its fully owned Fortuna Property in Ecuador. The latest results from Trench T-14 show an impressive average of 8.02 g/t gold over 9 metres. This follows previously reported results of 6.68 g/t gold over 12 metres. The company plans to extend Trench T-14 and excavate Trench T-15 to better understand the orientation of mineralized structures. The upcoming drilling program is expected to commence early next year, focusing on confirming mineralized trends and enhancing exploration efforts.

Lucky Minerals Inc. (LKMNF) announced assay results from trenches T-5 and T-6 at its Fortuna Property in Ecuador. The combined trench length exceeds 70 metres, yielding an average gold grade of 1.67 g/t over 61 metres. Three distinct mineralized trends were identified: the northern trend averaged 0.46 g/t across 9 metres, the middle 6.68 g/t across 12 metres, and the southern 2.40 g/t over 7 metres. This significant mineralization discovery supports further exploration and potential drilling, enhancing the company's growth prospects in a promising gold belt.

Lucky Minerals (OTC PINK: LKMNF) will join Renmark Financial Communications' live Virtual Non-Deal Roadshow Series to discuss recent exploration developments and present updates to investors. Scheduled dates include November 9, 2021, at 12 PM EDT, November 18, 2021, at 10 AM EDT, and November 30, 2021, at 1 PM PDT. CEO François Perron will lead the presentation, which will cover the latest investor information followed by a Q&A session. Registration is required for live attendance, and the event will be available for replay afterward.