Lumina Metals

Lumina Metals (Ticker: LMCU CN) is a company that explores and develops copper and silver deposits in Poland. IPO proceeds were expected to fund roughly five years of development work at Nowa Sól. The company targeted progress on mining concessions by 2030. Ross Beaty donated the secondary shares to the Sitka Foundation, which sold them in the IPO.

The scheduled listing date on Toronto Stock Exchange was April 30, 2026. The offering comprises 32,500,000 shares at a confirmed price of CAD 12.50 per share, compared with an indicative price of CAD 12.50. At the confirmed offer price, the base offering represents CAD 406.25 million, approximately $287.37 million in gross proceeds, excluding any unexercised over-allotment. The indicated IPO market capitalization is CAD 1.35 billion, approximately $954.94 million.

BMO Capital Markets, CIBC World Markets, Morgan Stanley Canada, National Bank Financial and RBC Dominion Securities acted as offering managers.