Goldgroup commits US$75 million equity investment in Luca Mining for 19.9% stake
Bitget2026/09/28 11:04- Goldgroup Mining committed to invest up to US$75 million in Luca Mining via subscription receipts in Luca’s US$110 million private placement.
- Transaction targets a 19.9% Luca stake on a non-diluted pro forma basis following Luca’s planned Cozamin mine acquisition.
- Proceeds support Luca’s US$290 million upfront purchase of Capstone Copper’s Cozamin mine in Zacatecas, Mexico.
- Funding comes from existing cash, including a Sept. 25, 2026 private placement that raised about US$121.8 million gross.
- Deal replaces Trafigura’s prior US$75 million equity backstop; closing requires TSX Venture Exchange approval.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Synopsys (SNPS.US) partners with OpenAI to develop AI models for chip design, revenue-sharing model drives stock price up by 7%
On Wednesday, chip design software provider Synopsys (SNPS.US) announced that it has reached a partnership agreement with OpenAI. Both parties will jointly develop AI models for the chip business and share related revenues.
BoJ Summary of Opinions: Member says appropriate to keep raising rates in line with economy, price
Rio Tinto secures Bell Bay aluminum smelter operations till 2031
The British Pound rallies on a UK growth upgrade and gives more than half back
Crypto prices
More
