Laramide Resources

Laramide Resources Ltd. (TSX: LAM, ASX: LAM, OTCQX: LMRXF) is a uranium-focused exploration and development company with a portfolio of high-quality assets in the United States, Australia, and Kazakhstan. With a total uranium resource base of 117 million pounds across five projects, Laramide is strategically positioned to capitalize on the rising demand for nuclear energy and the growing global uranium supply deficit.

The company’s flagship projects include the Churchrock ISR Project in New Mexico and the Westmoreland Open-Pit Project in Australia, both of which are advanced-stage assets with significant resource potential and long mine lives. In addition, Laramide holds a strategic exploration option in Kazakhstan’s Chu-Sarysu Basin, a globally recognized uranium-producing region.

Laramide is focused on unlocking the full value of its assets by advancing permitting, feasibility studies, and exploration programs. The company’s late-stage projects offer a clear pathway to production, and with existing infrastructure and favorable jurisdictions, Laramide is well-positioned to become a key supplier of uranium for the global nuclear energy sector.

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Laramide Resources presents a compelling investment opportunity as a uranium developer with large-scale, low-cost projects in key mining jurisdictions. The company’s Churchrock ISR Project is a high-quality, permitted uranium asset with an established resource of 50.8 million pounds U₃O₈, while the Westmoreland Project in Australia hosts 52 million pounds U₃O₈ in a near-surface, open-pit setting. These assets provide significant production potential with relatively low technical risk.

The uranium market is experiencing a structural supply deficit, driven by increasing demand from utilities and government initiatives supporting nuclear energy as a clean, reliable power source. With uranium prices trending higher, Laramide’s well-advanced projects are poised to benefit from strong market fundamentals.

Laramide’s strategic positioning in uranium-rich regions, combined with its experienced management team and focus on sustainability, makes it an attractive opportunity for investors seeking exposure to a sector with long-term growth potential. As the company progresses towards production, it remains well-positioned to create substantial value for shareholders.

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Laramide Resources Ltd. is led by a highly experienced management team with deep expertise in uranium exploration, project development, and corporate finance.

Marc Henderson – President, CEO & Director
Marc Henderson has served as President and CEO of Laramide since 1995, bringing over 25 years of leadership in the resource sector. As a Chartered Financial Analyst (CFA), he has successfully guided multiple public mining companies through exploration and development stages, including Aquiline Resources Inc. and MineFinders.

Dennis Gibson – Chief Financial Officer (CPA, CGA)
With over 30 years of experience in financial management for mining companies, Dennis Gibson has been Laramide’s CFO since 2006. He previously held senior finance roles at Aquiline Resources, Treasury Metals, and Forrester Metals, contributing to their strategic financial planning and capital markets initiatives.

Rhys Davies – Vice President, Exploration
Rhys Davies is a geologist with nearly two decades of global mineral exploration experience. As a Registered Professional Geoscientist (RPGeo), he specializes in uranium and other commodities, bringing technical expertise to Laramide’s exploration and development programs.

This leadership team is complemented by a Board of Directors with extensive expertise in mining, finance, and sustainability, positioning Laramide for long-term success in the uranium sector.

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Laramide Resources Ltd. is executing a disciplined growth strategy focused on advancing its late-stage uranium projects toward production while maintaining a strong commitment to environmental and social responsibility.

The Churchrock ISR Project in New Mexico is a key near-term production opportunity, with an established resource of 50.8 million pounds U₃O₈. Laramide is actively progressing final permitting and aquifer restoration studies, with plans for initial construction at its Central Processing Plant (CPP). The project has an existing license for up to 3 million pounds per annum of uranium production.

In Australia, Laramide is focused on increasing the resource base of the Westmoreland Project, a Tier-1 uranium asset with open-pit mining potential. A significant multi-rig drilling campaign is underway, targeting a 20-25% resource expansion, with an updated Mineral Resource Estimate expected in early 2025.

Beyond its core assets, Laramide is exploring additional growth avenues, including its Chu-Sarysu Project in Kazakhstan, located in one of the world’s most prolific uranium-producing regions. The company is conducting early-stage exploration to assess ISR mining potential.

Laramide’s growth strategy is underpinned by its commitment to capital efficiency, regulatory advancement, and strategic partnerships. By leveraging its advanced-stage projects and favorable uranium market conditions, the company aims to become a leading supplier of uranium to meet the growing demand for clean, nuclear energy.

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Laramide Resources Ltd. maintains a strong financial position as it advances its portfolio of uranium projects toward production. The company is strategically focused on capital efficiency, leveraging its late-stage assets to minimize development costs while maximizing shareholder value.

As of December 2024, Laramide has 248.97 million shares outstanding, with a market capitalization of approximately CAD $187 million at a share price of $0.74. The company maintains a fully diluted share structure of 257.34 million shares, ensuring flexibility for future funding initiatives.

Laramide’s Churchrock ISR Project is expected to be a low-cost producer, with a pre-tax net present value (NPV) of $268 million and an internal rate of return (IRR) of 62% at a uranium price of $75/lb U₃O₈. With life-of-mine post-tax cash flows projected to exceed $1 billion, the project represents a significant value driver for the company.

The Westmoreland Project in Australia also offers strong financial potential, with an NPV of $400 million based on a 2016 Preliminary Economic Assessment (PEA) at a uranium price of $65/lb U₃O₈. Laramide is currently conducting an extensive drilling program aimed at expanding its resource base, which could further enhance the project’s economics.

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Laramide Resources Ltd. is strategically positioned to become a key player in the global uranium sector, with a diverse portfolio of high-quality projects in the United States, Australia, and Kazakhstan. With a 117-million-pound uranium resource base, a focus on low-cost, late-stage assets, and strong exposure to the growing demand for nuclear energy, the company presents a compelling investment opportunity.

The Churchrock ISR Project in New Mexico is a standout asset, offering a clear path to near-term production with an existing permit for up to 3 million pounds per annum of uranium output. Meanwhile, the Westmoreland Project in Australia is a large-scale, open-pit uranium deposit with district-scale exploration upside, reinforcing Laramide’s long-term growth potential. The company’s exploration initiatives in Kazakhstan further position it for future expansion in one of the world’s top uranium-producing regions.

Laramide’s disciplined financial strategy, experienced leadership team, and commitment to sustainability provide a solid foundation for value creation. As the uranium market continues to strengthen amid supply constraints and rising demand for clean nuclear energy, Laramide is well-positioned to capitalize on these favorable market conditions.

For investors seeking exposure to a de-risked uranium developer with scalable, low-cost assets and strong future production potential, Laramide Resources Ltd. stands out as a compelling opportunity in the global energy transition.

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