Lara Exploration Sells Brazilian Iron Project
Company Announcements

Lara Exploration Sells Brazilian Iron Project

Story Highlights

Lara Exploration (TSE:LRA) has released an update.

Lara Exploration Ltd. has successfully sold its Curionópolis Iron Project in northern Brazil to Ferrous Technology Mineração Limitada for about $2 million, securing a 3% gross sales royalty and guaranteed annual royalties if production is delayed. The project has seen extensive exploration, including over 8,700 meters of drilling, and 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.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskLara Exploration Restarts Celesta Copper Project in Brazil
TipRanks Canadian Auto-Generated NewsdeskLara Exploration Boosts Funding with Warrant Expiry
TipRanks Canadian Auto-Generated NewsdeskLara Exploration Unveils Planalto Project Report
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App