Luca Mining Corp Raises C$11.3M for Expansion

Altaley Mining Corporation (TSE:LUCA) has released an update.

Luca Mining Corp. has announced the successful subscription of its brokered private placement and the increase of its concurrent non-brokered private placement, resulting in total combined proceeds of C$11.3 million. The funds raised will support the Campo Morado Improvement Program, exploration drilling, the commissioning of the Tahuehueto mill, and general corporate purposes. Notably, significant investments were made by Term Oil Inc. and Luca’s CEO, Dan Barnholden, underscoring their confidence in the company’s growth potential.

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