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

10:53 Near Term Catalysts

11:54 Atlantica Trend Upside

13:27 Conclusion

https://laraexploration.com/

TSXV:LRA -- OTC:LRAXF

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