Lara Exploration Ltd. (LRA) Financials
TSXV: LRA · Copper, Gold · Advanced Exploration stage
- Market cap$242.4M
- Share price$3.91
- 52-week range$2.08 – $4.69
- Shares outstanding61,997,362
- ExchangeTSXV
- Websitewww.laraexploration.com
Lara is an exploration company, focused on advancing its 100%-owned Planalto Copper-Gold Project in the Carajás mining district in northern Brazil. Based on the recent Planalto PEA report, it is anticipated that Planalto will be developed as a conventional open pit mine with a low strip-ratio, processing 8 Mtpa via a conventional crushing and grinding circuit followed by froth flotation. A single saleable chalcopyrite concentrate with a minor gold credit is to be transported internationally to third-party smelters. During the first 6 years, the PEA1 production schedule produces on average 36 kt (79 million lb) of copper and 7200 oz of gold per year, and over an 18-year mine life, Planalto will produce 560 kt (1.2 billion lb) of copper and 111,000 oz of gold. The project is located on private farmland, 4 km from the state highway with high tension powerlines alongside and close to two major Carajás mining towns within excellent infrastructure.
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Lara Exploration Ltd. financings
1 financing announced or closed by Lara Exploration Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-03-10 | Lara Exploration Ltd. (LRA) | Private placement, brokered | Closed, 1 tranche | $33.8M | $3.00 | Lara Exploration to Raise up to an Aggregate of C$33,750,000 Pursuant to a C$20,250,000 Brokered Private Placement and a Concurrent C$13,500,000 Non-Brokered Private Placement |
Lara Exploration Ltd. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Lara Exploration Ltd. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2019-01-15 | Loan, closed / funded | — | US$1M | — |
| 2018-05-23 | Loan, signed | Ocean Partners UK Ltd | US$6.5M | — |
| 2017-06-28 | Loan, amended | Ocean Partners | US$6.5M | — |