Atalaya Mining has acquired 4.5 million shares in Lara Exploration for C$13.5 million through a private placement, representing roughly 7.3% of the company’s capital. Lara owns the Planalto copper-gold project in Brazil, which a recent preliminary economic assessment outlines as a long-life open-pit operation with significant projected copper and gold production. The funds raised will be used to advance the development of the project as well as for general corporate purposes, while Atalaya positions the investment as part of its broader strategic portfolio.
Atalaya Mining Invests C$13.5 Million in Brazilian Copper-Gold Project
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