LUCA ANNOUNCES STOCK OPTION GRANT

Rhea-AI Summary

Luca Mining (TSXV: LUCA) (OTCQX: LUCMF) has granted 850,000 incentive stock options to its recently hired V.P. Exploration and two other new exploration team members. The options have an exercise price of $0.54, vest over three years, and expire in five years. The grant requires TSX Venture Exchange approval.

Positive

• None.

Negative

• Potential shareholder dilution through 850,000 new stock options

VANCOUVER, BC, Dec. 2, 2024 /PRNewswire/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) announces that it has granted an aggregate of 850,000 incentive stock options ("Options") to our recently hired V.P. 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.  The grant of the Options is subject to approval by the TSX Venture Exchange.

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 in Mexico. The Company produces gold, silver, zinc, copper and lead from these mines with each having considerable development and resource upside.

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 optimisation program which is generating significant improvements in recoveries and grades, efficiencies, and cashflow.

The Tahuehueto gold-silver mine is a new underground operation in Durango State, Mexico. The Company 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.

On Behalf of the Board of Directors
(signed) "Dan Barnholden"
Dan Barnholden, Chief Executive Officer

For more information, please visit: www.lucamining.com 

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SOURCE Luca Mining Corp.

FAQ

How many stock options did Luca Mining (LUCMF) grant in December 2024?

Luca Mining granted 850,000 incentive stock options in December 2024.

What is the exercise price for Luca Mining's (LUCMF) December 2024 stock options?

The exercise price for the stock options is $0.54 per share.

What is the vesting period for Luca Mining's (LUCMF) December 2024 stock options?

The stock options vest over a period of three years.

When do Luca Mining's (LUCMF) December 2024 stock options expire?

The stock options expire five years from their date of issuance.