SYMBOL: OTCQX: LMRXF; TSX: LAM; ASX: LAM
- Outstanding Shares: 225,404,696 (as of 02/28/2023)
- Float: 186,151,591 (as of 05/25/2022)
www.laramide.com
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 Resources Portfolio
Laramide Resources has a number of uranium and REE projects in the United States, including the Westmoreland Project in Queensland, Australia, and the Churchrock and Crownpoint Projects in New Mexico, United States. The company also has several other projects in various stages of exploration and development, including the La Sal Complex in Utah, United States and the La Jara Mesa project in New Mexico, USA.
Project Highlights:
- Laramide’s portfolio of advanced uranium projects has been chosen for its 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.
Laramide Resources is digging into 2023 with no warrants, clean financials, and a bright future for the uranium world market.
2023 Market Advantages
Laramide Watch List
“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.
“China’s Climate Goals Hinge on a $440 Billion Nuclear Buildout”
Laramide Mining Methodologies
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 Austrailia 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.
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.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.
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).
- 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.
Recent News
- Laramide Resources Ltd. Announces Results from the Diamond Drilling Program at its Crownpoint-Churchrock Uranium Project, New Mexico, U.S.A. – March 24, 2023
- Laramide Resources Ltd. Amends and Extends Credit Facility – March 21, 2023
- Laramide Resources Ltd. Announces the Engagement of SLR International Corporation to Produce a Preliminary Economic Assessment on the Crownpoint/Churchrock Uranium Project – 01/23/2023
- Laramide Resources Ltd. Announces Proceeds from Successful Exercise of Warrants – January 17, 2023
- Laramide Initiates New Mexico Drill Program – December 13, 2022
- Laramide Resources Ltd.’s Australian Subsidiary Signs Indigenous Land Use Agreement to Advance Westmoreland Uranium Project – November 29, 2022
- Laramide Resources Ltd. to Webcast Live at VirtualInvestorConferences.com Nov. 8th – November 4, 2022
- Laramide Resources Commences Second Phase of 2022 Drilling Program at Westmoreland Uranium Project, Queensland, Australia – October 18, 2022
- Laramide President & CEO Discusses Developing US and Australia Uranium Deposits to Help Feed Nuclear Power Plants and Generate Clean Electricity – August 9, 2022
- Laramide Resources Announces Results of Annual Meeting of Shareholders – June 9, 2022
- Laramide Resources Commences 2022 Drilling Program at Westmoreland Uranium Project, Queensland, Australia – May 25, 2022
- Laramide Resources Names General Manager To Lead US Operations – March 17, 2022
- Laramide Receives $7.6 Million From Warrant Exercise – January 11, 2022
- Laramide Resources Announces New Director – November 23, 2021
EMERGING MARKETS REPORT
- Domestic & Down Under – A Diversified Approach to a Crisis Driven Uranium Opportunity – September 8, 2022
- Win/Win – July 13, 2022
- Ground Breaking – June 9, 2022
- A Case for Uranium – May 26, 2022
Must Read OTC Markets/SEC policy on stock promotion and investor protection
Disclaimer
EMC has been paid $100,000 by Laramide Resources Ltd. | Please read our full disclaimer