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LUCA'S CASH BALANCE SURGES TO US$21 MILLION THROUGH WARRANT EXERCISE AND CASH FLOW

Newswire.ca - Mon Apr 28, 2025

VANCOUVER, BC, April 28, 2025 /CNW/ - Luca Mining Corp. ("Luca" or the "Company") (TSX-V: LUCA; OTCQX: LUCMF; Frankfurt: Z68) is pleased to announce that Luca investors, including certain insiders, have exercised an aggregate of 38.8 million share purchase warrants worth USD$14.0 million (CAD$19.8 million).   The Company has substantially reduced its debt by USD $8.4 million since January 1, 2025, resulting in a current debt balance of USD $8.5 million. Luca's total cash and cash equivalents balance (including silver bullion on hand) is currently US$20.6 million and growing, as strong cash flow from operations continues and further warrant exercises are expected.

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