Lara Exploration Ltd. (LRA) Financings
TSXV: LRA · Copper, Gold · Advanced Exploration stage
- Market cap$238.1M
- Share price$3.84
- 52-week range$2.16 – $4.69
- Shares outstanding61,997,362
- ExchangeTSXV
- Websitewww.laraexploration.com
Lara is an exploration company, focused on advancing its 100%-owned Planalto Copper-Gold Project in the Carajás mining district in northern Brazil. Based on the recent Planalto PEA report, it is anticipated that Planalto will be developed as a conventional open pit mine with a low strip-ratio, processing 8 Mtpa via a conventional crushing and grinding circuit followed by froth flotation. A single saleable chalcopyrite concentrate with a minor gold credit is to be transported internationally to third-party smelters. During the first 6 years, the PEA1 production schedule produces on average 36 kt (79 million lb) of copper and 7200 oz of gold per year, and over an 18-year mine life, Planalto will produce 560 kt (1.2 billion lb) of copper and 111,000 oz of gold. The project is located on private farmland, 4 km from the state highway with high tension powerlines alongside and close to two major Carajás mining towns within excellent infrastructure.
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Lara Exploration Ltd. financial statements
Key figures read from 40 of 40 financial statement filings, Nov 28, 2016 to Aug 24, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$2,725,873 | C$5,144,036 | C$1,030,040 | C$3,275,810 | C$1,936,185 |
| Total current assets | C$2,860,013 | C$5,262,893 | C$2,670,697 | C$4,881,695 | C$2,177,124 |
| Total current liabilities | — | — | — | — | C$1,475,701 |
| Working capital | — | — | — | — | C$701,423 |
| Exploration and evaluation assets | C$578,340 | C$141,681 | C$76,118 | C$76,118 | C$73,811 |
| Property, plant and equipment | C$0 | C$1,783 | C$9,011 | C$20,395 | C$21,126 |
| Total assets | C$6,810,719 | C$8,597,327 | C$6,195,555 | C$8,557,555 | C$5,813,069 |
| Total liabilities | C$497,350 | C$109,093 | C$208,251 | C$594,302 | C$1,475,701 |
| Shareholders' equity | C$6,313,369 | C$8,488,234 | C$5,987,304 | C$7,963,253 | C$4,337,368 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$2,287,617 | C$1,862,437 | C$1,006,387 | C$457,127 | C$535,555 |
| General and administrative | C$982,624 | C$831,987 | C$603,789 | C$766,210 | C$637,696 |
| Share-based compensation | C$0 | C$221,721 | C$1,042,110 | C$0 | C$16,636 |
| Impairments and write-downs | — | — | C$0 | (C$26,883) | C$0 |
| Net income (loss) | (C$3,062,324) | — | (C$3,018,059) | (C$344,582) | C$2,409,512 |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$2,888,145) | (C$1,846,906) | (C$2,262,836) | (C$2,700,471)* | — |
| Investing cash flow | C$0 | C$2,535,230 | C$15,120 | (C$18,230)* | — |
| Financing cash flow | C$450,800 | C$3,434,868 | C$0 | C$3,970,467* | — |
| Exploration spending (capitalized) | C$0 | (C$67,870) | C$0 | (C$2,307) | — |
| Property, plant and equipment spending | — | — | C$0 | (C$15,923) | — |
| Proceeds from share issues | — | — | C$0 | C$3,970,467 | — |
| Change in cash | — | — | — | C$1,339,625 | C$329,314 |
| Cash at end of period | C$2,725,873 | C$5,144,036 | C$1,030,040 | C$3,275,810 | C$1,936,185 |
* Calculated from the statement's own lines: the company did not print this total with a label.
No financings are on record for Lara Exploration Ltd. yet.