Luca Mining is pleased to announce that it has closed the first tranche of its non-brokered private placement announced by news release dated March 31, 2023. The Company has sold 52,412,065 units of the Company at a price of CAD$0.35 per Unit for gross proceeds of $18,344,223. Each Unit consists of one common share of the Company and one half of one transferable share purchase warrant (each whole, a “Warrant”). Each [...]
Luca Mining is pleased to announce an overall financing package of up to CAD $33,200,000 in place of the previously proposed rights offering. The Financing Package is comprised of a private placement and two strategic debt settlements, as described below. Strengthening the Company’s balance sheet through a strategic debt conversion of approximately CAD$8,000,000 with its offtake partner Trafigura, and CAD$4,900,000 with [...]
Altaley Mining is pleased to announce that at its 2023 Annual General Meeting held on March 14, 2023, shareholders approved all resolutions put to the meeting and in particular approved: The Company’s 2023 Omnibus Equity Incentive Plan; The creation of Calu Opportunity Fund, LP as the new “Control Person” of the Company; By disinterested shareholders, the repricing of 1,076,042 outstanding incentive stock options to an [...]
Altaley Mining is pleased to announce a proposed change of the Company’s name to Luca Mining Corporation, and the negotiation of debt settlement agreements with several lenders. The Board of Directors has recommended and authorized a change of the Company’s name to Luca Mining Corporation. The Company plans to change its TSX Venture and OTCQX ticker symbol to “LUCA”. The timing of the name change, ticker symbol change and [...]
Altaley Mining Corp. announces that it has amended a marketing agreement with Peak Investor Marketing originally dated December 3, 2021. By mutual agreement Altaley and Peak suspended the Agreement effective September 23, 2022. At that time a total of C$36,000 of past due fees were outstanding and payable to Peak by Altaley. On January 5, 2023, by mutual agreement the suspension of the Agreement was lifted and would [...]
Altaley Mining Corp. is pleased to provide an update on its operations plans for 2023. Following a change in management in September 2022 the Company has focused on developing robust plans for each site for 2023, and as a consequence the Company expects a strong performance this year. Changes to strengthen the organization at the Tahuehueto Gold Mine Project in Durango are underway - a new consulting Construction Manager [...]
Altaley Mining Corp. is pleased to announce the appointment of Mr. Erick Underwood as the company's new Chief Financial Officer. Mr. Underwood will commence his role with the Company on 1st February 2023. Mr. Underwood has over 25 years of experience in corporate development, business planning and analysis, treasury, and accounting for the mining industry, including 14 years based in Chile and Peru. He is currently CFO [...]
Altaley Mining Corp. is pleased to provide the following update on its pre-production efforts during mill commissioning at its Tahuehueto Gold Mine Project. Tahuehueto is currently operating one ball mill in a commissioning phase, as part of the initial 500tpd project, producing precious metals-rich, commercial grade lead and zinc concentrates. All the associated production systems are operating satisfactorily, and [...]
Altaley Mining Corp. is pleased to provide an update on the status of the Company's operations and projects, and corporate matters. CEO Update On 12th September 2022 the Company announced the appointment of Mr. Mike Struthers as the new CEO for Altaley. Mr. Struthers is a seasoned professional and Chartered Engineer with over 40 years of international mining experience, starting in operations in Africa and Australia [...]
Altaley Mining Corp. announces that the Company's Board of Directors has approved a consolidation of the Company's issued share capital on a ratio of one new post-consolidated common share for every eight old pre-consolidated common shares . The Consolidation is subject to approval by the TSX Venture Exchange . The Company is also pleased to announce it will be making a rights offering on a post-Consolidation basis in [...]
Altaley Mining Corp. Further to its news release dated June 27, 2022, the Company is advised that Mr. Roberto Guzman Garcia has filed a renewed Form 45-102F1 - Notice of Intention to Distribute Securities under Section 2.8 of NI 45-102 - Resale of Securities, since the forms previously filed on June 24, 2022 and July 29, 2022, have expired. The contents of Form 45-102F1 remain unchanged having not yet completed any sale [...]
