Laramide Resources Ltd.
LAM.AX
Australian Securities Exchange0.57
AUD
+0.01
- -
Laramide Resources Ltd.
LAM.AX
(Australian Securities Exchange)
Recent
price
0.57
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Laramide Resources Ltd. (TSX: LAM, ASX: LAM, OTCQX: LMRXF) explores and develops uranium assets in Australia, the United States and Kazakhstan; the company advances late-stage projects amenable to low-cost in-situ recovery and conventional mining methods, including the flagship Crownpoint-Churchrock Uranium Project in New Mexico with an existing U.S. Nuclear Regulatory Commission licence and inferred resources of 55.9 million pounds U3O8, the Westmoreland Uranium Project in Queensland, Australia featuring measured and indicated resources of 36.0 million pounds U3O8 plus inferred resources of 15.9 million pounds U3O8 following a 34% updated mineral resource estimate in February 2025 and NI 43-101 technical report filing, the adjacent Murphy Uranium Project in Australia's Northern Territory covering 1,049.6 square kilometers for exploration on historic targets, La Jara Mesa in New Mexico's Grants Mineral Belt with measured and indicated resources of 7.3 million pounds U3O8 and late-stage permitting now designated for U.S. Federal Permitting Dashboard priority under the Critical Minerals Initiative as of May 2025, La Sal in Utah's Lisbon Valley with a bulk sample permit and proximity to Energy Fuels' White Mesa Mill, and the Chu-Sarysu Project in Kazakhstan's prolific basin secured via a closed three-year option agreement in December 2024 covering approximately 5,500 square kilometers proximal to major Kazatomprom operations. Laramide maintains 100% ownership across its portfolio targeting nuclear energy markets amid rising global demand for carbon-free baseload power. Founded in 1980 and headquartered in Toronto, Canada, the company operates in Tier-1 jurisdictions with total NI 43-101 compliant uranium resources exceeding 117 million pounds U3O8. Recent developments encompass a successful 2024 Australian drilling campaign of up to 12,000 meters at Westmoreland confirming resource expansion potential with high-grade intercepts such as 17m at 764 ppm U3O8 and notable gold mineralization, final 2024 drill results supporting an updated Westmoreland resource estimate delivered in Q1 2025, full conversion of USD $3.5 million outstanding convertible debt from Extract Advisors in March 2025, closing of an upsized $12 million private placement, receipt of a U.S. Department of Energy grant for Churchrock restoration studies, signing of an Indigenous Land Use Agreement for Westmoreland, granting of a Mineral Development Licence for the Queensland project, extension and amendment of credit facilities with Extract lenders including a new $5 million facility, appointment of Josh Leftwich as Vice-President for U.S. Operations and Strategic Planning, and preparation for exploration drilling in Kazakhstan's Chu-Sarysu Basin as of September 2025.