Laramide ReSOURCES Ltd.

Laramide is one of the few companies that uses In Situ Recovery – commonly called ISR.

In situ recovery is a method of extracting resources, such uranium, from the ground without having to physically remove the resource from its location. Instead, a special solution is injected into the resource deposit to dissolve or otherwise extract the resource, which is then pumped to the surface for collection. This method is often used for resources that are difficult to extract using traditional mining or drilling techniques and is considered more environmentally friendly. In the context of stock investing, a company that specializes in ISR would be considered a more sustainable or responsible investment option compared to companies that use more traditional extraction methods.

In the Westmoreland and Murphy operations in Australia, Larimide uses open cut mining, also known as open pit mining, which is a method of extracting minerals and ores, including uranium, from the earth by removing layers of soil, rock, and other materials to access the desired deposit. This method is typically used when the ore deposit is located near the surface, and the removal of the overburden, or the soil and rock covering the deposit, is more cost-effective than underground mining. Once the overburden is removed, the ore is extracted using large equipment, such as excavators and haul trucks, and transported to a processing facility for further treatment.

Both operations in Australia are positioned to rapidly come online and start producing uranium – just in time to match the eagerly anticipated rise in uranium’s price per pound.