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.
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