Lucara Diamond Corp. is pleased to announce the successful closing of its previously announced private placement of US$350.0 million of senior secured bonds . The Bonds have a tenor of five years and will have a fixed coupon rate of 12.5 percent per annum, with interest payable in quarterly instalments. The net proceeds from the bond issuance have been applied to fully repay the Company's existing US$220.0 million senior [...]
Lucara Diamond Corp. is pleased to announce the recovery of a 36.92 carat blue diamond from its 100% owned Karowe Diamond Mine located in Botswana . The diamond is described as a blue Type IIB of high quality and was recovered through the X-ray Transmission machines at Karowe from ore sourced from stockpile material. In addition to this incredible blue diamond, five stones over 100 carats have been recovered year-to-date [...]
Lucara Diamond announces that it has successfully completed a private placement of US$350.0 million of senior secured bonds. The bonds will have a tenor of five years and will have a fixed coupon rate of 12.5 percent per annum, with interest payable in quarterly instalments. Settlement of the bonds is expected to occur on or around March 27, 2026, subject to the satisfaction of customary conditions precedent. Net proceeds [...]
Lucara Diamond reports its results for the quarter ended December 31, 2025. A total of 353,302 carats were sold, generating $159.7 million in revenue. Revenue for the year includes the sale of the Seriti, a 1,094 carat diamond sold to HB Trading BV for an initial polished value of $12.0 million. A further $7.9 million in top-up revenue was earned during 2025 following the sale of polished outcomes from the Seriti. Revenue [...]
Lucara Diamond reports the filing of an updated technical report for the updated Feasibility Study, prepared in accordance with NI 43-101 - Standards of Disclosure for Mineral Projects on its Karowe Underground Project at the Karowe Diamond Mine. The Report is titled "Karowe Diamond Mine 2025 Feasibility Study Technical Report", with an effective date of Sept 30, 2025, and was prepared for Lucara by JDS Energy & Mining [...]
Lucara Diamond is pleased to announce that it has closed its previously announced non-brokered private placement, which was originally announced on Jan 9, 2026, and was subsequently upsized to total gross proceeds of $165.0 million on Jan 14, 2026 due to strong investor demand. William Lamb, President and CEO of Lucara, commented, "We are very pleased with the outcome of the recent oversubscribed private placement, which [...]
Lucara Diamond announces that the Company has submitted a financial hardship exemption application to the Toronto Stock Exchange under Section 604 of the TSX Company Manual in respect of its previously announced non-brokered private placement to raise aggregate gross proceeds of $165.0 million. Equity Private Placement The Company intends to enter into definitive subscription agreements in connection with a non-brokered [...]
Lucara Diamond is pleased to announce that due to strong demand it has elected to increase the previously announced non-brokered private placement to an aggregate of 1,031,250,000 common shares in the capital of Lucara at a price of $0.16 per Common Share for gross proceeds of $165.0 million. The Company expects that the net proceeds of the Private Placement will be used to advance the Karowe Underground Project [...]
Lucara Diamond is pleased to announce a non-brokered private placement of common shares in the capital of Lucara for minimum aggregate gross proceeds of $70.0 million. The Private Placement will consist of the issuance of a minimum of 437,500,000 Common Shares at a price of $0.16 per Offered Security. The Company expects that the net proceeds of the Private Placement will be used to advance the Karowe Underground Project [...]
Lucara Diamond is pleased to announce the results of an updated technical report for the updated Feasibility Study, prepared in accordance with NI 43-101 - Standards of Disclosure for Mineral Projects on its Underground Project at the Karowe Diamond Mine. The Report is titled "Karowe Mine - Botswana 2025 Feasibility Study Technical Report", with an effective date of Sept 30, 2025, and was prepared for Lucara by JDS Energy [...]
Lucara Diamond is pleased to announce the execution of the lateral development contract for the Karowe underground project with Group R Mining and Exploration Botswana. The Company has entered into the Contract for the execution of all underground lateral development from the production and ventilation shafts to the orebody, including construction of the extraction level, underground crushing chamber, fine ore bins, pump [...]
Lucara Diamond reports its results for the quarter ended Sept 30, 2025. A total of 101,422 carats were sold, generating $51.2 million in revenue. In August 2025, the Company recovered a 1,0151 carat non-gem diamond and a 37.42 carat near-gem pink Type IIa diamond. This is the ninth diamond over 1,000 carats from Karowe and the third recovered in 2025. The bottom of the production shaft was reached in July 2025, a key [...]