Welcome to our dedicated page for Lara Exploration news (Ticker: LRAXF), a resource for investors and traders seeking the latest updates and insights on Lara Exploration stock.
Lara Exploration Ltd. reports developments as a mineral exploration company advancing its 100%-owned Planalto Copper-Gold Project in the Carajás Mineral Province of northern Brazil. Recurring updates cover Planalto drilling, copper-gold mineralization, NI 43-101 technical reports, preliminary economic assessment work, and exploration licenses adjacent to the project, including the Atlantica license.
The company also maintains a prospect and royalty generator model for the rest of its portfolio, using partner-funded joint ventures while retaining minority interests or royalties. Its broader asset base includes prospects, deposits, and royalties in Brazil, Peru, and Chile, including copper-focused exploration interests.
Lara Exploration (OTC Pink: LRAXF) will attend PDAC 2026 in Toronto from March 1–4, 2026, at booth #2700 to meet investors, JV partners and prospectors. Key executives attending include Chairman Miles Thompson and CEO Simon Ingram.
The company is advancing its 100%‑owned Planalto Copper‑Gold Project in the Carajás Province with an open‑pit mineral resource (NI 43‑101 filed Oct 17, 2024) and a PEA published Oct 21, 2025. Lara remains a prospect and royalty generator and signed a 12‑month investor communications agreement with Mining Stock Education for US$84,000 paid quarterly.
Lara (OTC: LRAXF) received new drilling permits for the Planalto Project and has resumed drilling on the Silica Cap copper trend. Initial holes will test the strike extension south of the proposed Silica Cap open pit from the 2025 PEA, then target a 3km trend into the adjacent Atlantica license once permits are issued.
One rig is operating now; a 3,000m program is planned for completion by end-April 2026. Historic Silica Cap intercepts include 15.36m @ 1.01% Cu and 15.8m @ 0.94% Cu.
Lara Exploration (TSXV:LRA; OTC Pink: LRAXF) announced new work on the recently acquired Atlantica license, adjacent southeast of the Planalto project, that indicates potential to extend Planalto mineralization ~3 km along strike. Lara recovered and relogged five historic drill holes (1,754.2 m total), completed regional soils outlining three copper anomaly zones, and resampled cores identifying oxide intersections of 35.8 m @ 0.35% Cu (DDATL21-002) and 17.0 m @ 0.25% Cu (DDATL21-004). Lara plans drill testing of high-priority targets in late Q1-2026 to test down-dip sulfide extensions.
Lara Exploration (OTC:LRAXF) has closed its purchase of a 345-hectare exploration license adjacent to the Planalto Copper-Gold Project in the Carajás Mineral Province, Brazil.
On closing Lara issued 164,777 common shares to Atlantica at a deemed price of CAD$2.2758 per share with a one-year voluntary hold. Lara's obligations include a minimum 2,000 metres of drilling and delivery of a NI 43-101 technical report by end of 2027. Staged Success Fees are payable based on Measured and Indicated copper in the TR: US$0.06/lb by December 2027 and December 2028, and US$0.08/lb on resources in later TRs; payments may be cash or shares with a US$1.25M annual cap and a US$500,000 minimum due end 2027. Atlantica and an underlying vendor each retain a 1% net smelter return royalty.
Lara Exploration (OTC:LRAXF) filed a NI 43-101 Technical Report supporting a Preliminary Economic Assessment (PEA) for the 100% owned Planalto copper-gold project in Pará, Brazil, effective October 15, 2025 and filed November 17, 2025.
Key PEA metrics: after-tax NPV(8%) US$378M, after-tax IRR 21%, payback 3.5 years, initial capex US$546M, sustaining capex US$170M, 18-year LoM production of 560 kt Cu and 111 koz Au, processing 8 Mtpa, Cu recovery 91% and LoM AISC US$5,920/t Cu payable.
Lara Exploration (OTC: LRAXF) announced that Minsur S.A. has notified the company of its intention to relinquish its option to acquire the 45%-owned Lara Copper Project in southern Peru.
The Lara Copper Project hosts a partly defined copper-molybdenum porphyry with 9,850 metres of drilling completed, a mineralized footprint of approximately 2,000 metres east–west and 500–800 metres north–south, and historical drill highlights including 108 m @ 0.81% Cu, 0.015% Mo (LA-10-32) and 218 m @ 0.57% Cu, 0.042% Mo (LA-10-35).
Technical disclosure was approved by Lara's VP Exploration, a qualified person under NI 43-101.
Lara (OTC: LRAXF) released a Preliminary Economic Assessment for the 100% owned Planalto copper‑gold project (effective date: 15 Oct 2025) in Carajás, Pará, Brazil.
Key metrics: 560 kt Cu and 111 koz Au production over an 18‑year LoM; plant 8 Mtpa; copper recovery 91%, gold recovery 51%. Financials show after‑tax NPV US$378M (8%), IRR 21%, payback 3.5 years, initial capex US$546M, sustaining capex US$170M, and AISC US$5,920/t Cu payable. Project benefits from 4 km access to highway, nearby high‑tension powerlines, and a low‑carbon Brazilian grid. PEA is preliminary and includes ~76% Inferred resources; further drilling and studies required.
Lara Exploration (LRAXF) agreed to buy a 345-hectare exploration license adjacent to its Planalto Copper-Gold Project in the Carajás Mineral Province.
The deal requires a minimum 2,000 metres of drilling and a NI 43-101 Technical Report by end of 2027. Initial consideration is CAD$375,000 in Lara shares on TSXV acceptance. Success fees are staged: US$0.06/lb copper on Measured and Indicated resources by Dec 2027 and Dec 2028, rising to US$0.08/lb for resources in later reports, with a US$500,000 minimum due end-2027 and a US$1.25M annual payment cap. Atlantica and an underlying vendor retain 1% NSR each.
Lara Exploration (TSXV: LRA) has signed a binding letter of intent with an Ontario-based company for its Itaituba Vanadium Project in Brazil's Tapajos Mineral Province. The agreement includes staged payments totaling US$2 million over three years: US$500,000 in 2025, US$600,000 in 2026, and US$900,000 in 2027.
The Optionee plans to pursue a public listing for the Project, with Lara receiving 9.9% ownership of PubCo valued at minimum CAD$1,000,000 in exchange for 90% project ownership. Lara will maintain a 2% net smelter royalty and receive US$1,000,000 upon the first Feasibility Study publication. The company has already initiated exploration activities, including 1,200 metres of drilling, surface sampling, mapping, and Lidar survey.
Lara Exploration (TSXV: LRA) has successfully raised C$3,085,943 through the exercise of 3,085,943 warrants, including 9,000 broker warrants, from its 2022 private placement. The funds will primarily support the development of the company's flagship Planalto Copper-Gold Project in Brazil and general corporate purposes. Following this exercise, Lara has 49,434,772 shares outstanding, 53,494,772 on a fully diluted basis, and approximately C$5.6 million in treasury. The remaining 760 broker warrants expired unexercised.