Lara Exploration Ltd - Mining Stock Analysis & Updates
Latest News and Market Performance for Lara Exploration Ltd
Perm ID: 1-4297101795
https://www.laraexploration.com/
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Lara Raises $3.085 Million From Accelerated Exercise of 2022 Warrants
Lara Exploration Ltd. has reported that 3,085,943 warrants to purchase common shares were exercised, resulting in gross proceeds of C$3,085,943. The funds raised will be used mainly for the development of its Planalto Copper-Gold Project in Brazil and for general corporate purposes. Following this warrant exercise, the company has 49,434,772 shares outstanding, with around C$5.6 million in treasury. The company follows a Prospect and Royalty Generator business model and holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile.
Lara Exploration Ltd.: Operational Restart at The Celesta Copper Project in Brazil
On November 12, 2024, Lara Exploration Ltd. announced that mining and processing have resumed at the Celesta Copper Project in Brazil. An additional 3,545m of resource definition drilling was conducted during the reinstatement of permits and revival of the processing plant. The company expects a gradual increase in operations in the coming months. Lara holds a 5% net profit interest in the project, without the need to contribute to the re-start costs, and a 2% NSR Royalty on production. Lara Exploration follows the Prospect and Royalty Generator business model, and it has prospects, deposits, and royalties in Brazil, Peru, and Chile.
Lara Exploration Announces Warrant Expiry Acceleration
Lara Exploration Ltd. has announced its decision to accelerate the expiry of its outstanding common share purchase warrants and broker warrants. This decision was made following the exercise of some of these warrants by shareholders, including the company's Chairman, Miles Thompson. The full exercise of these warrants could increase the company's treasury to around $6 million, which would fully fund ongoing studies and development steps for its Planalto Copper-Gold Project in Brazil. The company will exercise its right to accelerate the expiry of the warrants to November 26, 2024, after a 10 day Acceleration Period ending October 25, 2024.
Technical Analysis
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Lara Exploration Ltd Presentation Update - 2025-04-25 - Minimal Content Updates...
Lara Exploration's recent report has minor, non-material updates with no significant changes to financial data, resource estimates, or strategic outlook, leaving valuation unaffected.
