Lara Exploration Ltd. is pleased to report that 3,085,943 warrants to purchase common shares were exercised, for gross proceeds to the Company totalling C$3,085,943. The remaining 760 broker warrants that were not exercised expired at 3:00p.m. on November 26, 2024. The proceeds from the exercise of these Warrants will be primarily used by the Company to continue to develop its flagship Planalto Copper-Gold [...]
Lara Exploration Ltd. is pleased to report that mining and processing has resumed at the Celesta Copper Project in the Carajás of Brazil. Tessarema Resources has advised that an additional 3,545m of resource definition drilling was completed on the Osmar and Galpão targets while work was carried out to reinstate permits and bring the processing plant out of care and maintenance. Tessarema resumed mining and processing ore [...]
Lara Exploration Ltd. announces today that it is electing to accelerate the expiry of outstanding common share purchase warrants of the Company exercisable at C$ 1.00 per common share and broker warrants exercisable at an C$1.00 per common share . The Warrants were issued pursuant to the non-brokered private placement of the Company that closed on June 17, 2022. Commented Miles Thompson, Chairman of Lara [...]
Lara Exploration Ltd. is pleased to report that it has filed an independent technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects supporting the initial resource estimate on its 100% owned Planalto Copper-Gold Project in the Carajás Mineral Province of northern Brazil. The Technical Report, titled "Independent Technical Report on Mineral Resources Estimate [...]
VANCOUVER, BC, Oct. 9, 2024 /CNW/ - Trading resumes in: Company: Lara Exploration Ltd. TSX-Venture Symbol: LRA All Issues: Yes Resumption : 10:15 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and [...]
Lara Exploration Ltd. is pleased to report the initial resource estimate of the 100% owned Planalto Copper-Gold Project in the Carajás Mineral Province of northern Brazil. GE21 Consultoria Mineral Ltda. , an independent mining and geological consulting company, estimated the Mineral Resources for the Planalto project as summarized in Table 1. Indicated Resources are estimated to be 47.7 million tonnes at an average grade [...]
VANCOUVER, BC, Oct. 9, 2024 /CNW/ - The following issues have been halted by CIRO Company: Lara Exploration Ltd. TSX-Venture Symbol: LRA All Issues: Yes Reason: Pending News Halt Time : 8:25 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization [...]
Lara Exploration Ltd. is pleased to announce that it has completed the sale of its Curionópolis Iron Project to Ferrous Technology Mineração Limitada , for approximately US$2m. Lara retains a 3% gross sales royalty on any production, with minimum advance royalties of US$150,000 per year payable if production hasn't started within three years. The Curionópolis Iron Project comprises a 1,226-hectare license area, covering [...]
Lara Exploration Ltd. is pleased to report completion of the expenditures required to increase its ownership interest in the Mantaro Phosphate Project from 33% to 70%. As part of its operational strategy, Lara has established a new subsidiary, Fosfatos Alli Allpa, as the vehicle to advance further exploration, technical studies, and the eventual development. Named for its significance in the local Quechua language as [...]
Lara Exploration Ltd. is pleased to announce that it has agreed to sell its newly recovered Curionopolis Iron Project to Ferrous Technology Mineração Limitada , for staged payments totaling approximately US$2m. Lara has received R$6.85 million in payment at closing . The remaining R$3 million will be paid upon publication of the transfer of the license into the name of Fertec. Lara will also be entitled to a 3% gross [...]
Lara Exploration Ltd. is pleased to announce that it has agreed with Vertical Mineração Limitada., to settle the lawsuit and recover the Curionopolis Iron Project, which has now been transferred back to Lara's Brazilian subsidiary. The Curionópolis Iron Project comprises a 1,348-hectare license area, covering iron formations located in the Carajás District of northern Brazil that was optioned to Vertical in 2009 for [...]
Lara Exploration Ltd. is pleased to provide an update of work on various of its projects. Planalto Copper Project : The Company made the final purchase option payment to Anglo American Niquel Ltda., for the Tariana license, completing the consolidation of the now 100% owned mineral rights over the project and has engaged Belo Horizonte based GE-21 Consultoria Mineral Ltda., to prepare a mineral resource estimate and a [...]
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