Lara Exploration (TSE:LRA) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Lara Exploration Ltd. has announced the sale of its Curionopolis Iron Project in northern Brazil to Ferrous Technology Mineração Limitada for around US$2 million, with a 3% gross sales royalty agreement. The initial payment has been received with additional payments expected upon license transfer. Fertec is moving forward with environmental studies and seeking a pilot mining license.
For further insights into TSE:LRA stock, check out TipRanks’ Stock Analysis page.