#Canada #Vancouver #stock options #Luca Mining #Restricted Share Units

Luca Mining Corp Issues Stock Options and RSUs

Vancouver, BC – On September 18, 2025, Luca Mining Corp., traded under TSXV: LUCA, OTCQX: LUCMF, and Frankfurt: Z68, announced a significant move in its corporate strategy by granting a total of 3,200,000 incentive stock options and 875,000 restricted share units (RSUs) to selected officers and directors. This decision aligns with the company’s overarching equity incentive plan and reflects a strong commitment to motivate its key personnel.

Details of the Grant

The stock options issued by Luca Mining are set to be exercisable at a price of C$1.76 per share and are set to expire five years from the issuance date. The schedule for vesting is strategically staggered: an initial 33% will be vested on September 18, 2025, followed by another 33% on March 18, 2026, and the remaining balance on September 18, 2026. The RSUs, on the other hand, will fully vest on September 18, 2026, thereby linking the reward mechanisms directly to the performance milestones of the company.

In an interesting feature of the stock option grant, the directors will have a choice to opt for RSUs instead of the awarded options. The conversion ratio is quite favorable at 1.5 RSUs for every 3 Options granted, allowing directors a degree of flexibility in their compensation structure according to their preferences and strategies for growth.

Approval Process

It’s notable that these grants are contingent upon approval from the TSX Venture Exchange, which signifies the necessity for oversight and compliance with industry regulations. This step is crucial to ensure that both investor interests and industry standards are upheld as the company moves forward with this incentivization strategy.

Corporate Strategy and Future Implications

Luca Mining's decision to distribute stock options and RSUs can be seen as part of a comprehensive strategy to retain top talent and align their interests with the long-term goals of the company. Incentives like these can enhance performance, as employees and executives are motivated to focus on driving the company's growth and sustaining its competitive edge in the market.

Cautionary Notes

It is essential to acknowledge that the decision to grant these stock options occurs amidst a backdrop of bold moves by Luca Mining, including their declaration of commercial production at the Campo Morado mine even before completing a comprehensive feasibility study for mineral reserves. Such decisions carry inherent risks, as highlighted by the company’s own cautionary statements. The reliance on assumed future economic conditions and the projection of growth metrics carry a mix of optimism balanced with unavoidable uncertainties typically encountered in the mining sector.

Furthermore, while appealing to future growth, the company’s leadership underscores a focus on maintaining responsible production decisions, suggesting a disciplined approach amidst the dynamic landscape of commodity pricing and operational challenges.

Conclusion

With these stock options and RSUs, Luca Mining Corp. aims to foster a culture of accountability and drive within its leadership. As the company embarks on this new chapter, all eyes will be on its performance and the unfolding developments concerning its operational strategies and market performance. For continuous updates and information, stakeholders can refer to Luca Mining's official website at www.lucamining.com.

In a sector marked by fluctuations, Luca Mining's strategic initiatives signal a proactive approach to ensure sustainable growth, while industry watchers will be keen to assess the outcomes of these significant investment decisions moving forward.