Laramide ReSOURCES Ltd.

OTCQX: LMRXF; TSX: LAM; ASX: LAM

SYMBOL: OTCQX: LMRXF; TSX: LAM; ASX: LAM

  • Outstanding Shares: 207,824,696 (as of 04/29/2022)
  • Float: 156,685,709 (as of 06/16/2021)
    www.laramide.com

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Laramide Resources Ltd. is a Canadian-based company with large mineral resource projects strategically positioned to deliver uranium for clean nuclear power to meet the accelerating rise in world electricity needs.

Laramide is headquartered in Toronto and is dual listed on the Toronto Stock Exchange (TSX: LAM) and Australian Securities Exchange (ASX: LAM), and is on the OTCQX (LMRXF).

Laramide’s portfolio of advanced uranium projects have been chosen for their low-cost production potential. Major U.S. assets include the Churchrock and Crownpoint In Situ Recovery (ISR) projects and La Jara Mesa in Grants, New Mexico, as well as La Sal in the Lisbon Valley district of Utah. The Churchrock and Crownpoint properties, with near-term development potential and significant mineral resources, form a leading ISR division operating in a tier one jurisdiction with enhanced overall project economics. The Company’s Australian advanced stage Westmoreland is one of the largest projects currently held by a junior mining company.

Image of Wall Street Journal logo

“Nuclear Power is the Best Climate-Change Solution by Far”

Its total greenhouse-gas emissions are 1/700th those of coal – and 1/4th those of solar.

Image of The Economist logo

“The Discreet Charm of Nuclear Energy”

Image of Bloomberg logo

“China’s Climate Goals Hinge on a $440 Billion Nuclear Buildout”

  • Nuclear energy has the highest capacity factor versus both traditional and alternative energy sources, prompting renewed attention to help solve global energy needs.
  • Nuclear powers cities and towns, and drives many of the high-tech things we love. And the source of nuclear power is uranium.
  • The need for clean reliable nuclear energy is growing around the world, and in particular, nuclear sectors in China, India, Russia and the Middle East are flourishing.
  • Nuclear power is key to delivering clean energy and baseload power to meet rising electricity consumption.
  • Uranium Market outlook is positive with production far below future demand requirements.
  • Due to increasing electricity needs from nuclear power, market analysts indicate a multi-year uranium supply-demand deficit.
  • Nuclear power currently contributes about 11% of world electricity supply and is projected by the International Energy Agency to grow steadily in the next 20 years.
Laramide Nuclear Energy Capacity Factor Bar Chart image

NUCLEAR: AN ESSENTIAL COMPONENT FOR CLEAN ENERGY

Nuclear energy has the highest capacity factor1 versus both traditional and alternative energy sources, prompting renewed attention to help solve global energy needs.

1 Measures the total amount of energy produced during a period of time divided by the amount of energy the plant would have produced at full capacity.
[Source: U.S. Energy Information Administration. Data as of 12/31/2020. The Wall Street Journal, Andrew Fillar, Henry Miller, Nov. 4th, 2021.]

Laramide Projects

Laramide Resources Ltd.’s uranium projects (The Projects) form an enviable portfolio of high-quality development mineral resources. The Projects range from advanced exploration assets in Australia’s premier exploration districts to Projects in the USA that have potential to quickly become uranium-producing operations in response to strengthening market demand. In line with Laramide’s strategy, the Projects provide the potential for low cost, low technical risk uranium mining operations.

Laramide’s locations are safe, stable jurisdictions in the southwest United States and in Australia.

Laramide Churchrock Location Image
Laramide La Sal Location Image
Laramide La Jara Mesa Location Image
Laramide Westmoreland Location Image
Laramide Tenaments Locations Image

Location: Grants Mineral District, New Mexico, United States

Laramide Ownership: 100% owned

Proposed Mine Type: ISR operation

Estimated Resources: An Inferred Resource Estimate of 33.9 million tons at an average grade of 0.075% eU3O8 for a contained resource of 50.8 million pounds using a 0.5 ft-% Grade Thickness (GT) cutoff.

Laramide’s Churchrock Project and nearby properties represent one of the largest and highest grade undeveloped In-Situ Recovery uranium projects in the USA. The Churchrock Project is located on the western end of the Grants Mineral Belt in the main portion of the historic Churchrock Mining District, approximately 10 miles north-northeast of Gallup, New Mexico. An updated 2017 independent NI 43-101 Resource Estimate Technical Report has been completed by Roscoe Postle Associates Inc. in Denver, United States with the assistance of Laramide’s technical team.

Location: White Mesa Mining District, San Juan County, Utah

Laramide Ownership: 100% owned

Proposed Mine Type: Underground

Estimated Resources: Historical estimate approved for bulk sample production

Laramide’s conventional hard-rock asset La Sal in Utah, United States, is a sandstone-hosted roll front uranium deposit. La Sal is located in close proximity to Energy Fuels’ White Mesa Mill in Blanding, Utah, which is located approximately 60 miles from the La Sal Project.

Location: Cibola County, New Mexico in the Ambrosia Lake Mining District of the Grants Mineral Belt

Laramide Ownership: 100% owned

Proposed Mine Type: Underground

Estimated Resources: 7.2 million pounds of uranium contained in 1.4 million tonnes at an average grade of 0.23% U3O8, and an additional 3.1 million pounds of uranium contained in 0.7 million tonnes at an average grade of 0.20% U3O8 classified as Inferred Mineral Resources

Laramide’s conventional hard-rock asset La Jara Mesa is located in New Mexico, United States. The sandstone-hosted roll front style deposit is located in Grants Mineral Belt, New Mexico. The project is at the development stage and has potential for underground operation.

Location: Northwest Queensland, Australia, adjacent to Northern Territory border

Laramide Ownership: 100% owned

Proposed Mine Type: Open cut mine

Estimated Resources: An Indicated Mineral Resource totalling 36.0 million pounds of uranium contained in 18.7 million tonnes at an average grade of 0.089% U3O8 and an Inferred Mineral Resource totalling 15.9 million pounds of uranium contained in 9.0 million tonnes at an average grade of 0.083% U3O8

Westmoreland ranks as one of the best development stage uranium assets in the world not controlled by a senior producer or utility. The Westmoreland Project tenements are contiguous and are located as a group approximately 400 kilometres north-northwest of Mt Isa. Laramide’s wholly owned subsidiary, Tackle Resources Pty Ltd, owns 100% of Westmoreland, which is a JORC and NI 43-101-compliant sandstone-hosted conventional, open-cut deposit.

Laramide Resources Ltd. holds a 100% interest in the Murphy Uranium Tenements in the Northern Territory of Australia (the “Project”), which it had previously been exploring under a farm-in agreement.

The strategically located Project consists of 683.5 km2 of granted exploration tenure, which lies contiguous to and along strike from Laramide’s Westmoreland Project in northwest Queensland. The Project will enhance Laramide’s dominant landholding in a highly prospective and underexplored uranium province.

The Northern Territory of Australia is a jurisdiction that is supportive of both uranium development and mining and hosts several well-known deposits including the Ranger Mine which has produced in excess of 120,000 tonnes of U3O8 over a 35-year period. The Murphy acquisition is structured to incentivize a return to active exploration on the Project while providing former joint venture partner Rio Tinto Exploration Pty Limited with an opportunity to participate should a world class discovery be made.

The Project is situated geologically within the highly prospective Murphy Uranium Province. The Murphy Uranium Province produced high-grade uranium during the 1950s and stands out amongst the world’s attractive underexplored uranium provinces, having not seen any meaningful exploration since the 1970s (see press releases July 16, 2018 and November 6, 2018).

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