Lucara Sells Clara Platform to Original Founders
Company Announcements

Lucara Sells Clara Platform to Original Founders

Story Highlights

Lucara Diamond (TSE:LUC) has released an update.

Lucara Diamond Corp. has sold its Clara Diamond Solutions, a digital platform for rough diamond sales, to its original founders, with a deal including $3.0 million in cash, stock returns, and liabilities transfer. The deal allows Lucara to focus on its Karowe Diamond Mine in Botswana and includes a 5-year rough diamond supply agreement with Clara. Lucara retains a 3% net profit interest in Clara, anticipating the technology will significantly shape the diamond sector.

For further insights into TSE:LUC stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskLucara Diamond to Release Q3 2024 Financial Results
TipRanks Canadian Auto-Generated NewsdeskLucara Unearths Another Giant Diamond, Secures Future
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