10:00 AM EDT, 04/28/2025 (MT Newswires) -- Luca Mining ( LUCMF ) , which jumped near 10% and hit a 52-week high last Friday, said some of its investors, including certain insiders, exercised an aggregate of 38.8 million share purchase warrants worth $19.8 million.

The company, on Monday, said it reduced its debt by US$8.4 million since Jan. 1, resulting in a current debt balance of US$8.5 million. Its total cash and cash equivalents balance is currently US$20.6 million.

"While we have a stated goal of eliminating debt as quickly as possible, we will also continue to fund high impact capital improvements at both of our mines, aggressively explore our broader property packages, pursue strategic M&A activity and consider the potential to return capital to shareholders," commented Luca Mining ( LUCMF ) Chief Executive Dan Barnholden.

The company expects to generate free cash flow in the range of US$30 million to US$40 million in 2025.

Shares of the company were last seen down 3.2% at $1.53 on the TSX Venture Exchange.

Price: 1.52, Change: -0.06, Percent Change: -3.80