Lara Exploration (TSE:LRA) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Lara Exploration Ltd. has increased its stake in the Mantaro Phosphate Project to 70%, establishing a subsidiary, Fosfatos Alli Allpa, to handle the project’s future exploration and development aimed at producing phosphate rock for fertilizers. The company is collaborating with the Peruvian National Institute of Agrarian Innovation to demonstrate the local benefits of phosphate application on crop yields and is strategically positioned near key infrastructure in Central Peru.
For further insights into TSE:LRA stock, check out TipRanks’ Stock Analysis page.