Laramide Resources Completes $12 Million Financing to Advance US Uranium Development

• Closed upsized $12 million private placement at $0.60 per share with 20 million shares issued 
• Proceeds earmarked for advancing late-stage US permitting initiatives and working capital requirements 
• Insider participation of $2.1 million through acquisition of 3.4 million shares 
• No hold period restrictions on new shares under Listed Issuer Financing Exemption 
• Strategic timing supports uranium market positioning and nuclear energy sector developments

Laramide Resources Ltd. (TSX: LAM) is a uranium mine development and exploration company with globally significant assets strategically positioned in tier-one jurisdictions across the United States and Australia. The company has built its portfolio around advanced uranium projects located in districts with proven historical production records and superior geological prospectivity.

The company's asset base comprises two large development projects characterised as late-stage, low-technical risk opportunities. Additionally, Laramide has expanded its exploration pipeline through strategic initiatives in Kazakhstan, where it maintains exploration rights over 5,500 square kilometres of the prolific Chu-Sarysu Basin, targeting world-class roll-front deposits suitable for in-situ recovery methods.

Upsized Private Placement Successfully Closed

Laramide Resources completed its non-brokered private placement on July 31, 2025, issuing 20 million common shares at $0.60 per share for gross proceeds of $12 million. The financing was structured under the Listed Issuer Financing Exemption pursuant to National Instrument 45-106, allowing the company to bypass traditional hold period restrictions that typically apply to private placement securities.

The transaction represented an increase from the company's initial financing plans.The financing included significant insider participation, with company insiders acquiring 3.4 million shares representing approximately $2.1 million of the total proceeds. This insider commitment demonstrates management's confidence in the company's strategic direction and their alignment with shareholder interests.

Use of Proceeds: Advancing Key Uranium Projects

The $12 million in gross proceeds will primarily fund late-stage US permitting initiatives, representing a critical phase in bringing Laramide's American uranium assets closer to production readiness. These permitting activities constitute essential regulatory milestones that must be completed before any potential mining operations can commence.

Working capital requirements will also be addressed through the financing, ensuring the company maintains adequate operational funding whilst pursuing its development objectives. This balanced approach between project advancement and corporate sustainability reflects prudent capital allocation practices.

The focus on US permitting activities aligns with current geopolitical trends emphasising domestic uranium supply chain security. American uranium projects benefit from supportive government policies aimed at reducing dependence on foreign uranium sources, particularly from geopolitically sensitive regions.

General corporate purposes will absorb the remaining proceeds, providing management with operational flexibility to pursue strategic opportunities as they arise. This discretionary funding component allows the company to respond to market developments and potential partnership opportunities without requiring additional capital raises.

Strong Institutional Support and Market Confidence

The successful completion and upsizing of the private placement demonstrates considerable institutional confidence in Laramide's strategic positioning within the uranium sector. The participation of sophisticated investors and the ability to increase the financing size beyond initial expectations reflects positive market sentiment towards the company's prospects.

The pricing at $0.60 per share represents a premium to recent trading levels, indicating investors' willingness to pay for exposure to Laramide's uranium development pipeline. This pricing dynamic suggests market recognition of the company's asset quality and development potential.

Next Steps and Near-Term Catalysts

Following the successful financing, Laramide will focus on executing its late-stage US permitting strategy, with key regulatory milestones expected to provide near-term catalysts for investor interest. The company's systematic approach to permit advancement positions it to capitalise on supportive uranium market conditions whilst building towards eventual production decisions. Investors can anticipate regular updates on permitting progress and potential strategic partnerships as Laramide leverages its strengthened balance sheet to advance its tier-one uranium development portfolio.

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