Laramide Resources Ltd.
LAM.TO
Toronto Stock Exchange0.54
CAD
-0.05
- -
Laramide Resources Ltd.
LAM.TO
(Toronto Stock Exchange)
Recent
price
0.54
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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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. is a Canadian-based uranium exploration and development company focused on advancing a portfolio of advanced-stage projects in Tier-1 jurisdictions including Australia, the United States, and Kazakhstan; its primary assets encompass the Westmoreland Uranium Project in Queensland, Australia, featuring a measured and indicated resource of 36.0 million pounds U3O8 and an inferred resource of 15.9 million pounds U3O8; the adjacent 100%-owned Murphy Uranium Project in the Northern Territory of Australia covering over 1,049 square kilometers along the Westmoreland mineral trend; the Crownpoint-Churchrock Uranium Project in New Mexico, USA, with an NRC license for in-situ recovery and inferred resources exceeding 55 million pounds U3O8 across both deposits; the La Jara Mesa Project in New Mexico's Grants Mineral Belt, hosting measured and indicated resources of 7.3 million pounds U3O8 and recently designated for U.S. federal permitting priority under the Critical Minerals Initiative; the La Sal Project in Utah, an underground conventional asset proximate to the operational White Mesa Mill; and the Chu-Sarysu Project in Kazakhstan, a greenfield exploration opportunity spanning over 5,500 square kilometers in the prolific roll-front uranium basin proximal to Kazatomprom operations. Founded in 1980 and headquartered in Toronto, Ontario, at The Exchange Tower, 130 King Street West, the company targets low-technical-risk, low-cost production potential to meet rising global demand for clean nuclear energy, with operations centered in stable regions across North America, Australia, and Central Asia. Recent developments include the closing of an upsized $12 million private placement in July 2025 to fund exploration; full conversion of $3.5 million outstanding convertible debt from Extract Advisors in March 2025 strengthening the balance sheet; a 34% increase in indicated and 11% in inferred mineral resources at Westmoreland announced in February 2025 supported by a successful 12,000-meter 2024 drill campaign confirming resource expansion and high-grade intercepts including 17 meters at 764 ppm U3O8; completion of a three-year option agreement for the Chu-Sarysu Project in 2024; extension of an Extract convertible loan coupled with a new $5 million credit facility in October 2024; filing of an NI 43-101 technical report for an updated Westmoreland resource estimate; receipt of a U.S. Department of Energy grant for Churchrock restoration studies; and a preliminary economic assessment for the Churchrock ISR project highlighting low-cost production potential with after-tax NPV of $239 million at $75 per pound U3O8.