Laramide Resources' Churchrock-Crownpoint Discharge Permit Advances to Public Notice Phase

• The New Mexico Environment Department (NMED) has advanced Laramide's DP-2004 groundwater discharge permit application to the public notice phase
• NMED has issued the company a public notice package and instructions to begin the public notification and stakeholder engagement process
• The permit application supports development of an in-situ recovery (ISR) uranium operation at Churchrock Section 8, using a groundwater-based solution to recover uranium
• The Churchrock-Crownpoint project holds an existing Nuclear Regulatory Commission license and is designated a FAST-41 Covered Project under the US Federal Permitting Improvement Steering Council framework
• Engagement with NMED, local communities, Tribal governments, and other stakeholders will continue through the public participation process

Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is a Canada-based uranium mine development and exploration company with projects in Tier-1 uranium jurisdictions in the United States and Australia. Its portfolio consists mainly of advanced-stage uranium projects located in districts with prior production history or strong geological prospectivity, with assets selected for their scale and production potential. The company's two largest development projects are considered late-stage with comparatively lower technical risk.

Advancement of Churchrock-Crownpoint Groundwater Discharge Permit to Public Notice Phase

NMED has moved Laramide's discharge permit application into the public notice phase, a stage in the state's permitting process that opens the application to formal public participation. NMED has provided Laramide with the public notice package and instructions required to begin public notification and stakeholder engagement activities.

The permit application supports development of an ISR uranium recovery operation at Churchrock Section 8. ISR involves circulating a groundwater-based solution, known as a lixiviant, through the underground ore zone to recover uranium, and the application includes authorization for use of this method.

Engagement with NMED, local communities, Tribal governments, and other stakeholders will continue throughout the public participation process that follows the public notice stage.

Continued Regulatory Progress Supporting ISR Uranium Project Development

The Churchrock-Crownpoint project is located in McKinley County, New Mexico, and comprises the Churchrock and Crownpoint uranium deposits, which together contain a significant uranium resource. The project holds an existing Nuclear Regulatory Commission license and continues to advance through both federal and state permitting processes.

Marc Henderson, President and Chief Executive Officer of Laramide Resources, said:

"This milestone reflects the significant technical, environmental and permitting work completed by our team and consultants over several years. Advancement into the public notice phase demonstrates continued progress through the State permitting process and represents another important step toward the potential development of one of the largest uranium resources in the United States."

The public notice phase follows several years of technical, environmental, and permitting work on the project, and represents a further stage in the multi-year regulatory process required before the project could advance toward development.

Strategic Positioning as FAST-41 Covered Project for US Nuclear Fuel Supply

Churchrock-Crownpoint is designated a FAST-41 Covered Project under the US Federal Permitting Improvement Steering Council framework. This designation applies to infrastructure projects considered to have national or economic significance and is intended to support coordinated oversight across the federal agencies involved in a project's permitting.

This status reflects the project's potential strategic importance to the domestic nuclear fuel supply chain, and supports the company's objective of positioning Churchrock-Crownpoint as a future source of domestically produced uranium.

The FAST-41 designation applies in addition to the project's existing Nuclear Regulatory Commission license, and both remain part of the overall federal and state permitting framework the project is advancing through.

Looking Ahead

With the discharge permit application now in the public notice phase, the next step involves formal public participation, including continued engagement between Laramide, NMED, local communities, and Tribal governments. The project continues to hold an existing Nuclear Regulatory Commission license and FAST-41 status as it advances through the remaining stages of state and federal permitting.

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