Northwire Canada EditionThursday, September 3, 2026
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GOLD 4414.60 +0.4% SILVER 65.93 +0.9% COPPER 6.61 +0.1% OIL 91.01 +0.9% PALLADIUM 1366.50 +2.7% NAM 0.225 +4.7% AAZ 0.037 −6.2% FFU 0.120 +4.3% AZT 0.360 +9.1% SGO 0.203 +1.2% CPL 0.220 +7.3% FEX 0.020 +0.0% WVM 1.95 +0.0% GGX 0.040 +0.0% NED 0.025 +0.0% SRA 0.780 +0.0% SPMC 0.900 −1.1% STRM 0.500 +3.1% ABI 0.080 +6.7% GZD 0.060 +0.0% OOR 0.045 −10.0% GOLD 4414.60 +0.4% SILVER 65.93 +0.9% COPPER 6.61 +0.1% OIL 91.01 +0.9% PALLADIUM 1366.50 +2.7% NAM 0.225 +4.7% AAZ 0.037 −6.2% FFU 0.120 +4.3% AZT 0.360 +9.1% SGO 0.203 +1.2% CPL 0.220 +7.3% FEX 0.020 +0.0% WVM 1.95 +0.0% GGX 0.040 +0.0% NED 0.025 +0.0% SRA 0.780 +0.0% SPMC 0.900 −1.1% STRM 0.500 +3.1% ABI 0.080 +6.7% GZD 0.060 +0.0% OOR 0.045 −10.0%
Financings Neutral

LUCARA ANNOUNCES THAT EURONEXT OSLO BORS HAS ADMITTED ITS US$350.0 MILLION SENIOR SECURED BONDS TO REGISTRATION ON EURONEXT ABM

Lucara Diamond lists $350m in bonds to add liquidity while its stock remains trapped in a low-cap valuation.

By The Northwire Desk — AI Analysis Sep 02, 2026 · 19:00 LUC · 0.17 Lucara Diamond Corp.
Executive Summary

Lucara Diamond Corp. (LUC) announced that Euronext Oslo Børs has admitted its US$350.0 million senior secured bonds to trading on Euronext ABM, effective September 3, 2026. The bonds were originally issued on March 30, 2026, carrying a five-year tenor and a fixed 12.5% annual coupon payable quarterly.

Net proceeds from the original issuance were utilized to fully repay US$220.0 million in prior senior secured project finance facilities, fund a two-year debt service retention account, and finance the Karowe Underground Project (UGP). The release reiterates the UGP timeline: underground development ore will begin replacing unprocessed run-of-mine stockpiles in 2027, with full-scale underground production targeted for the first half of 2028.

Material Impact

Lucara Diamond Corp. (LUC) completed a routine administrative step for bonds issued in March 2026. The action does not alter the company’s capital structure, cost of debt, or project timeline. The market has already priced in the financing, as evidenced by the stock trading in a tight $0.15–$0.17 range since June 2026. No new operational or financial data is introduced. The equity thesis remains unchanged: liquidity is secured, but near-term production is declining as the open pit winds down.

LUC · Price
Company Overview

Lucara Diamond Corp. operates the 100%-owned Karowe Mine in Botswana. The asset is globally recognized for producing exceptionally large, high-value diamonds, including multiple stones over 1,000 carats. The company is currently in a capital-intensive transition phase, moving from open-pit mining to the Karowe Underground Project (UGP) to access the highest-value portion of the ore body. Processing relies on Mega Diamond Recovery (MDR) X-ray transmission (XRT) machines to sort kimberlite and carbonaceous shale.

Read the original news release →

More from Lucara Diamond Corp.

Aug 07, 2026 · 17:00

Lucara Diamond reported a Q2 profit and 1,303ct of diamonds from its Karowe operation.

Earnings Jul 13, 2026 · 17:00

Lucara Diamond’s tenth diamond over 1,000ct at Karowe highlights the world-class orebody despite persistent funding and UGP execution risks.

Production / Operations May 07, 2026 · 17:30

Lucara Diamond Secures Financing but Q1 Revenue Miss and Guidance Cut Weigh on Sentiment

Earnings Mar 31, 2026 · 01:43

Lucara closes $350-million (U.S.) bond offering

Financings Mar 30, 2026 · 17:00

Lucara Secures US$350 Million Bond to Extinguish Debt and Clear Path for Karowe Underground

Financings Mar 16, 2026 · 17:00

Rare Blue Diamond Recovery Validates Stockpile Value as Lucara Navigates High-Interest Debt Refinancing

Production / Operations