Luca Mining to buy Cozamin mine in Mexico for USD 290 million upfront, plus up to USD 95 million contingent payments

Bitget2026/09/21 09:50

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Luca Mining agreed to buy Capstone Copper’s Cozamin underground copper-silver mine in Zacatecas, Mexico.
Upfront consideration totals USD 290 million, comprising USD 275 million cash and USD 15 million in Luca shares.
Deal includes USD 35 million deferred at the first anniversary of closing, payable in cash or shares.
Contingent copper-price payments of up to USD 60 million may be triggered in 2027-2029, based on average LME copper prices.
Closing is expected in Q4 2026, supported by a USD 300 million financing package combining equity, a USD 125 million facility, and a silver stream.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Luca Mining Corporation published the original content used to generate this news brief via CNW (Ref. ID: 202609210550CANADANWCANADAPR_C5536) on September 21, 2026, and is solely responsible for the information contained therein.

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.

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Luca Mining to buy Cozamin mine in Mexico for USD 290 million upfront, plus up to USD 95 million contingent payments

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