On September 17, 2026, Luca Mining Corp. entered into an asset purchase agreement with Agnico Eagle Mines Limited to acquire a 100% interest in the El Barqueño project in Jalisco, Mexico. Under the terms of the transaction, Agnico Eagle will receive US$10 million of common shares of Luca, a 2.0% net smelter return royalty on certain portions of the project, up to US$30 million in milestone-based deferred payments, and up to US$20 million in production-based milestone payments. Closing of the transaction is expected to occur in the fourth quarter of 2026.
Cassels is acting for Luca Mining.