LUCA ACQUIRES KEY MINING CONCESSION ADJACENT TO TAHUEHUETO MINE

Written by Emily J. Thompson, Senior Investment Analyst

Source: PRnewswire

Updated: Aug 28 2025

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Source: PRnewswire

Acquisition Announcement: Luca Mining Corp. has acquired a 100% interest in the Humaya 3 mining concession, adjacent to its Tahuehueto Mine in Durango, Mexico, for US$400,000 from Fresnillo plc.
Expansion of Land Position: This acquisition increases Luca's land position at Tahuehueto by over 25%, expanding it to approximately 10,000 hectares without any underlying NSR royalties.
Strategic Growth Plans: CEO Dan Barnholden emphasized that this strategic move aligns with the company's growth strategy and aims to enhance shareholder value through exploration and discovery programs.
Exploration Potential: The newly acquired concession is expected to significantly increase exploration potential, particularly for known mineral veins extending into the area, which are targets for upcoming drilling programs.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.