“Our Planalto Copper Project will be a Mine” explains Lara Exploration CEO Simon Ingram

About this episode

Dr. Simon Ingram discusses Lara Exploration's financing and plans for the Planalto copper-gold project.

Lara Exploration President and CEO Dr. Simon Ingram provides an update focused on the company’s recently closed C$33M (about US$25M) financing at C$3/share with no warrants. Ingram says the funding provides several years of runway to advance the Planalto copper-gold open-pit project from PEA toward feasibility by drilling the resource (moving inferred/indicated toward indicated/measured) and completing technical and environmental studies. A European copper producer, Atalaya Mining, invested at the corporate level for a 7% stake with no special rights, alongside other institutions, and management also participated. Ingram stated his belief that the Planalto project will be a copper mine and is currently undervalued, which presents a compelling investment proposition. Near-term catalysts include ongoing drill results and follow-up drilling on the Silica Cap trend into the Atlantica license, targeting potentially higher-grade copper mineralization. 00:00 Intro 01:01 Why Raise C$33M? 01:49 Funding Planalto Workplan 03:00 Market Timing and Pricing 04:15 Corporate Investor Explained 06:08 Atalaya Role and Expertise 07:51 Shareholder Base and Insider Buy 09:44 Drilling Budget Breakdown…

People in this episode

Host: Bill Powers

Guest: Dr. Simon Ingram

Topics covered

• copper mining
• financing
• investment
• drilling
• mineral exploration

Keywords

• Planalto
• copper
• financing
• drilling
• investment

Sponsors

Lara Exploration

Mentioned in this episode

Organizations: Lara Exploration, Atalaya Mining

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