Luca Mining Raises CA$211 Million to Fund Cozamin Mine Acquisition

10:03 AM EDT, 10/14/2026 (MT Newswires) -- Luca Mining (LUCA.V) raised CA$211 million after closing financings to fund its proposed acquisition of the Cozamin mine in Mexico from Capstone Copper (CS.TO). Luca completed a CA$155 million bought deal offering comprising 155 million subscription receipts priced at CA$1 apiece, it said Wednesday. The company also raised CA$56.3 million after closing a private placement with Wheaton Precious Metals (WPM.TO) and Taurus Mining Finance Fund No. 3. Under the offering, Wheaton acquired about 35.2 million subscription receipts while Taurus acquired about 21.1 million subscription receipts, both at CA$1 each. In September, Luca agreed to acquire Cozamin for an upfront payment of $290 million and up to $95 million in deferred and contingent consideration. Price: 1.15, Change: +0.01, Percent Change: +0.88