Lucky Minerals Stock Price, News & Analysis

Lucky Minerals Inc. (OTC:LKMNF) will participate in Renmark Financial Communications' Virtual Non-Deal Roadshow on October 21, 2021, at 12:00 PM EDT. CEO François Perron will discuss recent exploration developments and present the latest investor presentation, followed by a live Q&A session. Stakeholders and investors are encouraged to register as attendance may be limited. The event replay will be available on the Company's Investor website. Lucky Minerals, focused on large-scale mineral systems, owns the Fortuna Project, covering 550 km² in Ecuador.

Lucky Minerals Inc. (LKMNF) announced positive assay results from its Wayka epithermal gold discovery at the Fortuna Property in Ecuador. Key findings include: Trench T-2 showing 1.91 g/t gold over 27 meters; T-3 averaging 0.32 g/t gold over 17 meters; T-4 at 0.79 g/t gold over 7 meters; and T-9 yielding 0.59 g/t gold over 4 meters. Exploration efforts are ramping up, with plans for soil sampling and geophysics paving the way for future drilling. Additionally, Lucky has engaged Renmark Financial Communications for investor relations support.

Lucky Minerals Inc (OTC PINK:LKMNF) has appointed Mr. Roy McDowall as an independent board member, enhancing its leadership team at a critical exploration phase. McDowall brings over 25 years of capital markets experience, previously serving at Macquarie Capital Markets Canada. The company has also granted stock options for 7,755,000 shares at Cdn $0.10 each, expiring October 1, 2026. Additionally, Lucky will issue 1,500,000 shares valued at Cdn $150,000 for services, pending regulatory approval. The Fortuna Project is a significant focus, covering 550 km² in southern Ecuador.

Lucky Minerals Inc. (OTC:LKMNF) announced a significant update regarding its convertible debenture originally dated October 4, 2018. The maturity date has been extended by two years to October 4, 2023, with the interest rate reduced to 8% per annum. The conversion price is now set at $0.10 per unit, which includes one common share and a half share purchase warrant, exercisable at $0.15 until the new maturity date. The debenture, valued at $1,259,321 as of April 30, 2021, awaits TSX Venture Exchange approval.

Lucky Minerals Inc has successfully completed the second tranche of its private placement, raising $1,148,000, bringing total proceeds to $3,875,840. The tranche included 14,350,000 units at $0.08 each, with each unit comprising one common share and one warrant exercisable at $0.15 until September 16, 2023. The funds will be used for a 3,000 metre drill program on the Fortuna Project in Ecuador and general working capital. The offering has received conditional approval from TSXV.

Lucky Minerals Inc (TSXV:LKY, OTC PINK:LKMNF) has closed the first tranche of its private placement, raising CDN$2,727,840 by issuing 34,098,000 units at CDN$0.08 each. Each unit includes one common share and a warrant priced at CDN$0.15, valid for 24 months. The offering is pending final approval from the TSXV. Proceeds will fund a 3,000 metre drill program on the Fortuna Project in Ecuador, which encompasses 550 km² of exploration concessions. The company is committed to stringent Covid-19 protocols for all onsite workers.

Lucky Minerals Inc has announced a non-brokered private placement of 43,750,000 units at a price of CDN$0.08 per unit, aiming for gross proceeds of CDN $3.5 million. Each unit includes one common share and one warrant, exercisable at CDN $0.15 for 24 months. Commitments of over CDN $2.5 million have already been secured, with a first tranche closing by September 3, 2021. Funds will support a 3,000-meter drill program at the Fortuna Project in Ecuador, following promising surface exploration results.

Lucky Minerals Inc. (LKMNF) has announced promising gold assay results from its Wayka epithermal gold discovery at the Fortuna Property in Ecuador. The latest systematic sampling revealed an average of 17.63 g/t gold over 3.0 meters, with individual samples as high as 26.50 g/t. This indicates potential economic grades of gold in previously defined advanced argillic zones. The company plans further geological mapping and drilling to expand understanding and exploration of the mineralized system.

Lucky Minerals Inc. reports promising results from its Wayka epithermal gold discovery at the Fortuna Property. Systematic sampling revealed up to 5.87 g/t gold with an average of 3.06 g/t over 4.0 meters. The exploration team continues detailed geological mapping and sampling, identifying a significant area of advanced argillic alteration. The project spans 55,000 hectares and is set for further exploration and drilling following additional geological assessments. CEO Francois Perron expresses optimism about the potential of the system as exploration progresses.