LUCA APPOINTS RAMON MENDOZA INTERIM COO
Mr. Ramon Mendoza, Luca's Chief Technical Officer, has assumed the position of Interim COO effective, April 24, 2025. Mr. Mendoza has over 35 years of senior experience in the mining industry with expertise in mine development, mine process improvements, and a highly successful track record of managing both underground and open-pit operations. He specializes in advanced optimization techniques, integrating mine designs, planning, cost modeling tools, and geo-sciences into the mine and processing plans.
Commenting on Mr. Alexandri's resignation, Dan Barnholden, CEO, said, "We are greatly appreciative of the work that Armando did as COO of Luca, guiding the company through an incredible operational turnaround. Over the past year, Luca has built operational depth in all roles and we have great confidence in the technical team, led by Ramon Mendoza. We wish Armando great success as he pursues new opportunities and we look forward to his continued support in his ongoing consulting role."
About Luca Mining Corp.
Luca Mining Corp. (TSX-V: LUCA, OTCQX: LUCMF, Frankfurt: Z68) is a Canadian mining company with two wholly owned mines located in the prolific Sierra Madre mineralized belt in Mexico . These mines produce gold, copper, zinc, silver, and lead and generate strong cash flow. Both mines have considerable development and resource upside as well as world-class exploration potential.
The Company's Campo Morado Mine, located in Guerrero State, hosts VMS-style, polymetallic mineralization within a large land package comprising 121 sq km. It is an underground operation, producing zinc, copper, gold, silver and lead.
The Tahuehueto Mine is a large property of over 75 sq km, located in Durango State. The project hosts epithermal gold and silver vein-style mineralization. Tahuehueto is a newly constructed underground mining operation producing primarily gold and silver contained in zinc and lead concentrates. The Company has successfully commissioned its mill and is now in commercial production.
For more information, please visit: www.lucamining.com
On Behalf of the Board of Directors
(signed) "Dan Barnholden"
Dan Barnholden, CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Luca Mining Corp.
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Restructuring costs 3 0.2 (0.3) 0.4 (171 %) 0.2 (0.3) 0.4 (171 %) Fair value adjustment to inventory 4 - 0.1 (0.1) (100 %) 0.4 2.4 (1.9) (81 %) Distributor transition 5 - - - n.a. - (0.2) 0.2 (100 %) NCI Obligation 6 0.5 0.5 0.1 12 % 2.0 1.8 0.2 12 % Adjusted Net earnings $ 7.5 $ 5.4 $ 2.0 37 % $ 30.6 28.5 $ 2.1 7 % Three months ended Year ended June 30, June 30, June 30, June 30, (in Canadian dollars) 2025 2024 $ Change % Change 2025 2024 $ Change % Change Per common share - Basic net earnings $ 0.22 0.17 $ 0.05 30 % $ 0.96 0.84 $ 0.12 15 % - Diluted net earnings $ 0.22 0.17 $ 0.05 30 % $ 0.96 0.84 $ 0.12 15 % Basic net earnings per share $ 0.22 0.17 $ 0.05 30 % $ 0.96 0.84 $ 0.12 15 % Adjustments: Transaction related costs 1 - 0.01 (0.01) (100 %) - 0.03 (0.03) (100 %) Portfolio rationalization costs 2 0.02 - 0.02 n.a. 0.02 - 0.02 n.a. 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Restructuring costs 3 0.01 (0.01) 0.02 (171 %) 0.01 (0.01) 0.02 (171 %) Fair value adjustment to inventory 4 - 0.00 (0.00) (100 %) 0.02 0.08 (0.07) (81 %) Distributor transition 5 - - - n.a. - (0.01) 0.01 (100 %) NCI Obligation 6 0.02 0.02 0.00 12 % 0.07 0.06 0.01 12 % Adjusted Diluted, net earnings per share $ 0.26 0.19 $ 0.07 37 % $ 1.08 $ 1.00 $ 0.07 7 % Organic revenue growth is measured as the difference between revenue excluding case goods revenue from acquired or disposed brands compared to revenue in the preceding fiscal period during which the acquisition or disposal had not yet occurred. For fiscal year 2025, organic revenue excludes revenue from Nude Beverages from July 2024 to April 2025 since the comparative period did not have revenues prior to the acquisition in May 2024. The following table presents a reconciliation of total organic revenue and organic case goods revenue to their most directly comparable financial measures for the three-months and year ended June 30, 2025, and 2024: Year ended Jun 30, June 30, Organic Growth (in millions of Canadian dollars) 2025 2024 Revenue Streams: Consolidated Adjusted for revenue from acquired or disposed entities Organic Consolidated $ Change % Change Domestic case goods revenue $ 197.3 (13.3) $ 184.1 $ 181.8 $ 2.3 1 % Export case goods revenue 14.9 - 14.9 17.0 (2.0) (12 %) Total commissions 30.6 - 30.6 26.6 4.0 15 % Other services 3.9 - 3.9 4.3 (0.4) (9 %) Total Revenue $ 246.8 (13.3) $ 233.5 $ 229.7 $ 3.9 2 % Total Debt refers to debt of the Company, which includes bank indebtedness and credit facilities payable, lease liabilities and long-term debt. Net Debt refers to the cash and deposits in cash management pools of the Company, less bank indebtedness and credit facilities payable and long-term debt. The following table presents a reconciliation of total debt and net debt to their most directly comparable financial measures as at June 30, 2025 and 2024: June 30, June 30, (in millions of Canadian dollars) 2025 2024 Bank indebtedness $ (3.5) $ - Credit facilities payable (1.5) (17.8) Lease liabilities (3.6) (3.0) Long-term debt (102.0) (120.0) Total debt $ (110.6) $ (140.8) Cash $ 0.2 $ 4.6 Deposits in cash management pools $ 15.8 $ 27.4 Bank indebtedness (3.5) - Credit facilities payable (1.5) (17.8) Long-term debt (102.0) (120.0) Net debt $ (91.0) $ (105.8) Dividend Payout Ratio refers to annualized dividends paid divided by Cash Flow from Operating Activities. Please refer to the "Non-IFRS Financial Measures" & "Non-IFRS Financial Ratios" section of our MD&A for the three-months and year ended June 30, 2025 as filed on SEDAR+ for further information regarding Non-IFRS measures. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements, including statements concerning possible or assumed future results of Corby's operations. Forward-looking statements typically are preceded by, followed by or include the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. These statements are being provided for the purposes of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our anticipated financial position, results of operations and operating environment. Readers are cautioned that such information may not be appropriate for other purposes and are not guarantees of future performance. Although Corby believes that the forward-looking information in this press release is based on information, assumptions and beliefs which are current, reasonable and complete, this information is necessarily subject to a number of factors, risks and uncertainties that could cause actual results to differ materially from management's expectations and plans as set forth in such forward-looking information. For more information on the risks, uncertainties and assumptions that could cause Corby's actual results to differ from current expectations, refer to the Risks and Risk Management section of our Management's Discussion and Analysis for the three-and-twelve month period ended June 30, 2025 as well as Corby's other public filings, available at and at Corby does not undertake to update any forward-looking information, whether written or oral, that may be made from time to time by it or on its behalf, to reflect new information, future events or otherwise, except as is required by applicable securities laws. Accordingly, readers should not place undue reliance on forward-looking statements. All financial results are reported in Canadian dollars. About Corby Spirit and Wine Limited Corby Spirit and Wine Limited is a leading Canadian manufacturer, marketer and distributor of spirits and imported wines, and ready-to-drink beverages. Corby's portfolio of owned-brands includes some of the most renowned brands in Canada, including J.P. Wiser's ®, Lot 40 ®, and Pike Creek ® Canadian whiskies, Lamb's ® rum, Polar Ice ® vodka and McGuinness ® liqueurs, as well as the Ungava ® gin, Cabot Trail ® maple-based liqueurs and Chic Choc ® spiced rum, Cottage Springs ® and Nude ® ready-to-drink beverages and Foreign Affair ® wines. Through its affiliation with Pernod Ricard S.A., a global leader in the spirits and wine industry, Corby also represents leading international brands such as ABSOLUT ® vodka, Chivas Regal ®, The Glenlivet ® and Ballantine's ® Scotch whiskies, Jameson ® Irish whiskey, Beefeater ® gin, Malibu ® rum, Olmeca Altos® and Código 1530® tequilas, Jefferson's™ and Rabbit Hole® bourbons, Kahlúa ® liqueur, Mumm ® champagne, and Jacob's Creek ®, Wyndham Estate ®, Stoneleigh ®, Campo Viejo ®, and Kenwood ® wines. 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- Toronto Star
BWR Exploration Inc. Enters into an Amalgamation Agreement with Electro Metals and Mining Inc.
TORONTO, Aug. 20, 2025 (GLOBE NEWSWIRE) — BWR Exploration Inc. (TSXV: BWR) a Toronto, Ontario based corporation with its registered address at 82 Richmond Street East, Toronto, Ontario ('BWR'), is pleased to announce that, further to its news release dated December 24, 2024, it has entered into an amalgamation agreement dated August 19, 2025 (the 'Agreement') with Electro Metals and Mining Inc. ('Electro'), and BWR's wholly owned subsidiary ('Subco')(the 'Proposed Transaction'). The Agreement replaces the binding letter of intent between BWR and Electro with respect to the Proposed Transaction, which was signed on December 24, 2025. It is expected that trading of BWR shares on the TSXV will resume as of market open on Monday, August 25, 2025.
