Laramide Resources Expands into Sweden with Acquisition of Strategic Uranium Exploration Licences

(TSX:LAM) Laramide Resources Ltd. announced the acquisition of exploration licences within Sweden's Hotagen and Arjeplog-Arvidsjaur uranium provinces, establishing a strategic exploration position in one of Europe's most prospective uranium jurisdictions. The Kläppibäcken Project is comprised of two licences covering more than 1,700 hectares within Sweden's Hotagen uranium district. The broader Hotagen uranium district hosts the 'historical' Nordfjället South resource, estimated at 1.8 million pounds grading 0.102% U₃O₈. The Kaivaive 103 Licence provides Laramide with exposure to the Arjeplog-Arvidsjaur uranium province, which contains approximately 28 million pounds of U₃O₈. Pursuant to the Agreement, the Company acquired a 100% interest in the Property from Gilpas Resources for aggregate consideration of $600,000, comprised of $300,000 cash and $300,000 in common shares, satisfied by the issuance of 503,216 shares. The Company will make milestone payments of $150,000 upon the delineation of at least 5 million pounds of uranium and $250,000 upon the delineation of at least 10 million pounds of uranium. Sweden recently completed a series of legislative reforms to once again permit uranium mining.

Laramide Resources Announces Closing of $5 Million Private Placement with a Strategic Investor

(TSX:LAM) Laramide Resources Ltd. has closed its non-brokered private placement through the issuance of 8,350,000 common shares at a price of $0.60 per Common Share for gross proceeds of $5,010,000. All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The Company will use the gross proceeds of the Offering for working capital and general corporate purposes. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the Toronto Stock Exchange. Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions. The company's portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size, production potential, and the two large development projects are considered to be late-stage, low-technical risk projects.

Laramide Resources Announces $5 Million Private Placement with a Strategic Investor

(TSX:LAM) Laramide Resources Ltd. announced a non-brokered private placement of 8,350,000 common shares at a price of $0.60 per Common Share for gross proceeds of $5,010,000 with a strategic investor. All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The Company will use the gross proceeds of the Offering for working capital and general corporate purposes. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the Toronto Stock Exchange. Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions. The company's portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size, production potential, and the two large development projects are considered to be late-stage, low-technical risk projects.

Laramide Resources Announces Updated Preliminary Economic Assessment and Positions Westmoreland Uranium Project for the Next Phase of Development

(TSX:LAM) (ASX:LAM) (OTCQX:LMRXF): Laramide Resources Ltd. announced the results of an updated Preliminary Economic Assessment (PEA) for its 100%-owned Westmoreland Uranium Project in Queensland, Australia, reporting a post-tax NPV (7.5%) of US$741.1 million and a post-tax IRR of 33%. The PEA outlines an initial capital cost of approximately US$456 million plus US$84 million contingency, with sustaining CapEx of US$84 million and an estimated payback period of approximately 2.5 years. The project is expected to produce an average of 4.9 million pounds U₃O₈ annually over an initial mine life of 11 years, with total life-of-mine production of approximately 47.9 million pounds U₃O₈ and an average cash operating cost of US$32.40 per pound. The mineral resource estimate as of January 31, 2025, reports total indicated resources of 27,800,000 tonnes at 770 ppm U₃O₈ for 48.1 million pounds and inferred resources of 11,800,000 tonnes at 680 ppm U₃O₈ for 17.7 million pounds. The PEA is based on a uranium price of US$90/lb U₃O₈ and a USD:AUD exchange rate of 0.70, and the mine plan contemplates conventional open-pit mining and processing at 2.9 million tonnes per annum. The company projects that the Westmoreland project has the potential to become a large-scale, long-life uranium operation and is prepared to lodge a Mining Lease Application as soon as permitted by the Queensland Government.

Laramide Resources Announces Advancement of Churchrock-Crownpoint Discharge Permit to Public Notice Phase

(TSX:LAM) Laramide Resources Ltd. announced that the New Mexico Environment Department ("NMED") has advanced the Company's DP-2004 Groundwater Discharge Permit application for the Churchrock-Crownpoint In-Situ Recovery ("ISR") Uranium Project to the public notice phase of the permitting process. The public notice package and associated instructions have been provided to the Company to commence public notification and stakeholder engagement activities. The proposed permit application supports the development of an ISR uranium recovery operation at Churchrock Section 8 and includes authorization for the use of a groundwater-based lixiviant solution to facilitate uranium recovery. The Churchrock-Crownpoint Project is located in McKinley County, New Mexico and comprises the Churchrock and Crownpoint uranium deposits, which collectively contain a significant uranium resource. The Project benefits from an existing Nuclear Regulatory Commission license and is advancing through federal and state permitting processes. The Project is also designated as a FAST-41 Covered Project under the U.S. Federal Permitting Improvement Steering Council framework. Laramide believes the advancement of the discharge permit application into the public notice phase further demonstrates continued momentum in the regulatory review process and supports the Company's objective of positioning Churchrock-Crownpoint as a future source of domestically produced uranium.