Laramide Launches $10M Financing to Advance U.S. Uranium Permitting with Support from Boss Energy

• Laramide Resources Ltd. has announced a non-brokered private placement for up to 16.67 million common shares at $0.60 per share.
• Gross proceeds of up to $10 million are expected, with Boss Energy Ltd. committing to its pro-rata share of the investment.
• The offering will proceed under the Listed Issuer Financing Exemption, meaning shares will not be subject to a hold period under Canadian securities laws.
• Red Cloud Securities Inc. will act as a finder in connection with the offering.
• Proceeds will fund late-stage U.S. permitting initiatives, working capital, and general corporate purposes, with the deal expected to close on or around July 14, 2025.

Laramide Resources Ltd. (TSX: LAM; ASX: LAM; OTCQX: LMRXF), a Toronto-based uranium development and exploration company with a diversified portfolio of assets in the United States and Australia, has announced a significant financing initiative aimed at supporting its near-term objectives. Through a non-brokered private placement offering, the company plans to raise up to $10 million in gross proceeds by issuing up to 16,666,667 common shares at $0.60 per share. The funding round comes at a critical time as Laramide advances permitting efforts for its uranium projects, particularly in the United States.

The company’s focus is on advanced-stage projects, notably the Crownpoint-Churchrock project in New Mexico, which is considered among the largest and most prospective ISR (in-situ recovery) uranium projects in the U.S. Laramide also holds the Westmoreland Project in Queensland, Australia, a high-grade conventional uranium deposit with a significant historic resource base.

Through its strategic partnerships, including a cornerstone investment by Boss Energy Ltd., and its dual listing on the TSX and ASX, Laramide is positioned to benefit from increasing global demand for uranium driven by energy security goals and decarbonization efforts. The company is actively advancing its U.S. projects through permitting and technical studies, with the intent of aligning its assets with the anticipated resurgence in nuclear energy deployment.‍

Offering Summary and Strategic Significance

Laramide Resources has launched a non-brokered private placement of up to 16.67 million common shares at $0.60 per share, targeting gross proceeds of up to $10 million. The financing will be conducted under the Listed Issuer Financing Exemption (LIFE), allowing the issued shares to be freely tradeable under Canadian securities laws. Red Cloud Securities Inc. will act as a finder, and the transaction is expected to close on or around July 14, 2025, pending regulatory approvals.

Proceeds will primarily support permitting activities at Laramide’s advanced-stage uranium projects in New Mexico, including the Crownpoint-Churchrock project. These late-stage initiatives are essential to progressing toward development readiness. Remaining funds will be allocated to working capital and general corporate purposes, in line with the company’s stated objectives.

A key feature of this raise is the continued participation of Boss Energy Ltd., Laramide’s largest shareholder with a 19.9 percent stake. Its pro-rata commitment reinforces institutional confidence in the company’s long-term strategy and helps mitigate concerns over dilution. The liquidity-friendly structure of the offering, combined with insider support, may enhance its appeal to both retail and institutional investors.

The announcement comes amid renewed strength in the uranium market, driven by supply constraints and increased focus on nuclear energy within global decarbonization efforts. The absence of a hold period adds flexibility for investors, while the funding itself positions Laramide to advance its permitting strategy at a time of growing sector momentum.‍

Financial Structure and Placement Mechanics

• Offering Size: Up to $10,000,000
  
• Common Shares Issued: Up to 16,666,667
  
• Offering Price: $0.60 per share
  
• Use of Proceeds: U.S. permitting, working capital, corporate purposes
  
• Closing Date (Expected): On or about July 14, 2025
  
• Exemption Used: Listed Issuer Financing Exemption (NI 45-106)
  
• No Hold Period: Applicable to Canadian securities laws

Financial Impact and Investor Takeaways

As of March 31, 2025, Laramide reported a cash balance of approximately $2.5 million. The additional $10 million targeted in this financing would significantly strengthen the company’s balance sheet, providing flexibility to fund permitting activities and manage near-term operations without relying on further dilution.

A stronger financial position supports Laramide’s ability to progress its Crownpoint-Churchrock uranium projects through advanced permitting stages. These processes can be resource-intensive and are often seen as a key step toward unlocking asset value. The allocation of funds toward working capital also enhances the company’s ability to respond to operational needs and market conditions as they arise.

Investor interest may also be supported by the offering’s structure. The absence of a hold period on the newly issued shares provides greater liquidity, a feature that may appeal to both institutional and retail participants. At the same time, insider participation from Boss Energy reduces uncertainty and sends a positive signal about long-term alignment and confidence.

Together, these elements position Laramide to advance its U.S. uranium portfolio at a time of strengthening sector sentiment. The company’s improved cash position and permitting focus may help reduce project risk while preserving optionality as broader uranium market dynamics continue to evolve.

Laramide’s latest financing round strengthens its ability to advance key uranium assets in the United States at a time when permitting progress is critical. The participation of cornerstone shareholder Boss Energy and the exemption from a statutory hold period add credibility and flexibility to the offering. With a bolstered balance sheet and a clear focus on de-risking its U.S. projects, the company is well-positioned to align with growing momentum in the global uranium market.