Latest news with #Laramide
Cision Canada
4 days ago
- Business
- Cision Canada
Laramide Granted Mineral Development Licence for Westmoreland Uranium Project
TORONTO, July 17, 2025 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that its 100%-owned Australian subsidiary, Tackle Resources Pty Ltd ("Tackle"), has received approval of a Mineral Development Licence ("MDL") for the Westmoreland Uranium Project in Queensland, Australia. The approval of the MDL provides a strong foundation for Laramide to advance project permitting and to undertake mining feasibility studies, metallurgical testing and marketing, as well as environmental, engineering and design studies required to support a future Mining Lease ("ML") application. This approval represents a key regulatory milestone and a formal recognition by the Queensland Government that the Westmoreland Project can be evaluated for its development potential. The MDL was granted following the registration of an Indigenous Land Use Agreement (ILUA) with the Gangalidda & Garawa Native Title Aboriginal Corporation (GGNTAC), announced November 29, 2022 1 under which all parties consented to the MDL's issuance. Marc Henderson, President and CEO of Laramide, commented: "The grant of the MDL is a significant milestone for the Westmoreland Project. It provides regulatory confirmation that the Project hosts a defined and economically significant resource capable of supporting long-term development. Furthermore, it provides the company with a security of tenure that allows us to continue with advanced mining studies which in turn maintains our commitment to significant investment in regional Northwest Queensland. "With the MDL now in hand, Laramide is excited for the opportunity to expedite further evaluation of the asset; we believe this asset can play a material role in providing security of supply for western nuclear utilities as they confront the now widely acknowledged structural supply deficit of uranium that extends well into the 2030's." Permitting and a formal Mining Lease application are the next critical steps in the advancement of Westmoreland. The Queensland Government's current stated policy is that it will not grant a mining lease for the purpose of mining uranium, however an administrative change in policy by the Government could direct the Mines Department of Queensland to allow an ML application to be accepted for a primary uranium mine. The current policy was initiated by the previous Labor government, which held power for almost a decade before the last election in October 2024 when Queensland elected a Liberal National ("LNP") majority government. The approved MDL area includes all of Westmoreland's defined uranium deposits, Redtree, Huarabagoo, Junnagunna and Long Pocket. Three of the deposits (Redtree, Huarabagoo, Junnagunna) were used for a 2016 economic analysis ("Scoping Study") 2, which while now not current under NI 43-101, had provided the foundation for the MDL application. The MDL area incorporates conceptual locations for key project infrastructure. The MDL enables Laramide to initiate a range of advanced work programs, including feasibility-level engineering, environmental baseline assessments, geotechnical and site layout planning. Qualified/Competent Person The information in this announcement relating to Mineral Resource Estimates is based on information compiled or reviewed by Mr. Rhys Davies, a contractor to the Company. Mr. Davies is a Member of The Australasian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and is a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Davies consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. This news release has been reviewed and approved by a senior executive officer of the Company. About Laramide Resources Ltd. 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 and production potential, and the two large development projects are considered to be late-stage, low-technical risk projects. As well, Laramide has expanded its pipeline with strategic exploration in Kazakhstan where the company is exploring over 5,500 km 2 of the prolific Chu-Sarysu Basin for world class roll-front deposits which are amenable to in-situ recovery. Forward-looking Statements and Cautionary Language This release includes certain statements that may be deemed to be "forward-looking statements." All statements in this release, other than statements of historical facts, that address events or developments that the management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements. Laramide disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. Since forward-looking information addresses future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for uranium; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for uranium; uranium price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations. 1 2 SOURCE Laramide Resources Ltd.
Cision Canada
02-06-2025
- Business
- Cision Canada
Laramide's Churchrock Uranium Project and La Jara Mesa Uranium Project Designated for FAST-41 Covered Project Status
TORONTO, June 2, 2025 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that two of its advanced-stage uranium development projects in the United States, Crownpoint-Churchrock (New Mexico) and La Jara Mesa (New Mexico), have been designated FAST-41 Covered Projects by the Federal Permitting Improvement Steering Council (Permitting Council). This designation, part of the federal infrastructure permitting initiative established under Title 41 of the Fixing America's Surface Transportation ("FAST-41") Act, reflects the projects' strategic importance and supports an efficient, transparent federal review process. Notably, the La Jara Mesa Project has been upgraded from a FAST-41 Transparency Project to a fully Covered Project, aligning its permitting status with Crownpoint-Churchrock and streamlining its path forward under U.S. federal oversight. Marc Henderson, President and CEO of Laramide Resources Ltd., said: "We commend the Trump administration for the Executive Order announced on May 23, supporting the acceleration of nuclear energy development in the United States. As momentum builds around a new era for nuclear power, it is important to recognize that uranium is the fundamental starting point of the entire fuel cycle. "Our Crownpoint-Churchrock project is one of the largest undeveloped uranium deposits in the U.S. and has the potential to play a central role in securing a domestic supply of this critical mineral. The inclusion of our projects under FAST-41 is a meaningful step, but continued policy support will be essential to overcome the longstanding regulatory and permitting challenges that have constrained U.S. uranium production. We are encouraged by this progress and proud to be part of a national effort to rebuild the nuclear fuel cycle from the ground up." About Crownpoint-Churchrock The Crownpoint-Churchrock Uranium Project is Laramide Resources' flagship U.S. asset and one of the largest undeveloped uranium resources in the United States. Located in McKinley County, New Mexico, the project comprises two in-situ recovery ("ISR")-amenable uranium deposits, Crownpoint and Churchrock, collectively covered under a U.S. Nuclear Regulatory Commission ("NRC") license, and the renewal application for this is currently in process. About La Jara Mesa The La Jara Mesa Uranium Project is a significant development-stage asset owned by Laramide Resources Ltd., situated in the prolific Grants Mineral Belt of Cibola County, New Mexico. This sandstone-hosted uranium deposit lies approximately 10 miles northeast of the town of Grants, within the Mount Taylor Ranger District of the Cibola National Forest. Laramide has been actively progressing through the permitting process. The U.S. Forest Service is preparing an Environmental Impact Statement (EIS) in accordance with the National Environmental Policy Act (NEPA) to assess the development of an underground uranium mine and associated surface facilities. Qualified/Competent Person The information in this announcement relating to Mineral Resource Estimates is based on information compiled or reviewed by Mr. Rhys Davies, a contractor to the Company. Mr. Davies is a Member of The Australasian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and is a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Davies consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. To learn more about Laramide, please visit the Company's website at About Laramide Resources Ltd. 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 and production potential, and the two large development projects are considered to be late-stage, low-technical risk projects. As well, Laramide has expanded its pipeline with strategic exploration in Kazakhstan where the company is exploring over 5,500 km 2 of the prolific Chu-Sarysu Basin for world class roll-front deposits which are amenable to in-situ recovery. Forward-looking Statements and Cautionary Language This release includes certain statements that may be deemed to be "forward-looking statements." All statements in this release, other than statements of historical facts, that address events or developments that the management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements. Laramide disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. Since forward-looking information addresses future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for uranium; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for uranium; uranium price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations. SOURCE Laramide Resources Ltd.
Yahoo
02-06-2025
- Business
- Yahoo
Laramide's Churchrock Uranium Project and La Jara Mesa Uranium Project Designated for FAST-41 Covered Project Status
TORONTO, June 2, 2025 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that two of its advanced-stage uranium development projects in the United States, Crownpoint-Churchrock (New Mexico) and La Jara Mesa (New Mexico), have been designated FAST-41 Covered Projects by the Federal Permitting Improvement Steering Council (Permitting Council). This designation, part of the federal infrastructure permitting initiative established under Title 41 of the Fixing America's Surface Transportation ("FAST-41") Act, reflects the projects' strategic importance and supports an efficient, transparent federal review process. Notably, the La Jara Mesa Project has been upgraded from a FAST-41 Transparency Project to a fully Covered Project, aligning its permitting status with Crownpoint-Churchrock and streamlining its path forward under U.S. federal oversight. Marc Henderson, President and CEO of Laramide Resources Ltd., said:"We commend the Trump administration for the Executive Order announced on May 23, supporting the acceleration of nuclear energy development in the United States. As momentum builds around a new era for nuclear power, it is important to recognize that uranium is the fundamental starting point of the entire fuel cycle. "Our Crownpoint-Churchrock project is one of the largest undeveloped uranium deposits in the U.S. and has the potential to play a central role in securing a domestic supply of this critical mineral. The inclusion of our projects under FAST-41 is a meaningful step, but continued policy support will be essential to overcome the longstanding regulatory and permitting challenges that have constrained U.S. uranium production. We are encouraged by this progress and proud to be part of a national effort to rebuild the nuclear fuel cycle from the ground up." About Crownpoint-Churchrock The Crownpoint-Churchrock Uranium Project is Laramide Resources' flagship U.S. asset and one of the largest undeveloped uranium resources in the United States. Located in McKinley County, New Mexico, the project comprises two in-situ recovery ("ISR")-amenable uranium deposits, Crownpoint and Churchrock, collectively covered under a U.S. Nuclear Regulatory Commission ("NRC") license, and the renewal application for this is currently in process. About La Jara Mesa The La Jara Mesa Uranium Project is a significant development-stage asset owned by Laramide Resources Ltd., situated in the prolific Grants Mineral Belt of Cibola County, New Mexico. This sandstone-hosted uranium deposit lies approximately 10 miles northeast of the town of Grants, within the Mount Taylor Ranger District of the Cibola National Forest. Laramide has been actively progressing through the permitting process. The U.S. Forest Service is preparing an Environmental Impact Statement (EIS) in accordance with the National Environmental Policy Act (NEPA) to assess the development of an underground uranium mine and associated surface facilities. Qualified/Competent Person The information in this announcement relating to Mineral Resource Estimates is based on information compiled or reviewed by Mr. Rhys Davies, a contractor to the Company. Mr. Davies is a Member of The Australasian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and is a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Davies consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. To learn more about Laramide, please visit the Company's website at About Laramide Resources Ltd. 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 and production potential, and the two large development projects are considered to be late-stage, low-technical risk projects. As well, Laramide has expanded its pipeline with strategic exploration in Kazakhstan where the company is exploring over 5,500 km2 of the prolific Chu-Sarysu Basin for world class roll-front deposits which are amenable to in-situ recovery. Forward-looking Statements and Cautionary Language This release includes certain statements that may be deemed to be "forward-looking statements." All statements in this release, other than statements of historical facts, that address events or developments that the management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements. Laramide disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. Since forward-looking information addresses future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for uranium; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for uranium; uranium price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations. SOURCE Laramide Resources Ltd. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
05-05-2025
- Business
- Cision Canada
Laramide's La Jara Mesa Uranium Project Designated for U.S. Federal Permitting Priority Under U.S. Critical Minerals Initiative
TORONTO, May 5, 2025 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), is pleased to announce that its wholly owned La Jara Mesa Uranium Project, located in the Grants Mineral Belt of New Mexico, has been added to the U.S. Federal Permitting Dashboard. This designation, made under Executive Order 13817 to ensure reliable supplies of critical minerals, identifies La Jara Mesa's strategic importance to domestic uranium production. The inclusion of La Jara Mesa on the Federal Permitting Dashboard is part of a second wave of critical mineral production projects submitted under President Trump's Executive Order for increasing American mineral production. This designation enhances transparency and accountability by making environmental review timelines publicly accessible through the Dashboard. The public tracking system enables government, industry, and community stakeholders to monitor progress and ensures a more efficient and coordinated permitting process. "We are very pleased that La Jara Mesa has been recognized as a priority critical minerals project and included on the U.S. federal Permitting Dashboard," said Marc Henderson, President and CEO of Laramide Resources. "This designation is a meaningful milestone that reflects both the strategic value of uranium to U.S. energy security and the importance of developing domestic sources of supply. The enhanced transparency and coordination process will facilitate an efficient path forward to advancing La Jara Mesa to production." About La Jara Mesa The La Jara Mesa Uranium Project is a significant development-stage asset owned by Laramide Resources Ltd., situated in the prolific Grants Mineral Belt of Cibola County, New Mexico. This sandstone-hosted uranium deposit lies approximately 10 miles northeast of the town of Grants, within the Mount Taylor Ranger District of the Cibola National Forest. The project has a National Instrument 43-101 compliant mineral resource estimate of approximately 7.26 million pounds of U₃O₈ in the Measured and Indicated categories, contained within 1.56 million tons at an average grade of 0.23% U₃O₈. Additionally, there are 3.17 million pounds of U₃O₈ in the Inferred category, within 793,161 tons at an average grade of 0.20% U₃O₈. Laramide has been actively progressing through the permitting process. The U.S. Forest Service is preparing an Environmental Impact Statement (EIS) in accordance with the National Environmental Policy Act (NEPA) to assess the development of an underground uranium mine and associated surface facilities. Follow us on Twitter @LaramideRes About Laramide Resources Ltd. 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 and production potential, and the two large development projects are considered to be late-stage, low-technical risk projects. As well, Laramide has expanded its pipeline with strategic exploration in Kazakhstan where the company is exploring over 5,500 km 2 of the prolific Chu-Sarysu Basin for world class roll-front deposits which are amenable to in-situ recovery. Forward-looking Statements and Cautionary Language This release includes certain statements that may be deemed to be "forward-looking statements." All statements in this release, other than statements of historical facts, that address events or developments that the management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements. Laramide disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. Since forward-looking information addresses future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for uranium; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for uranium; uranium price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations. SOURCE Laramide Resources Ltd.
Yahoo
14-03-2025
- Business
- Yahoo
Boss Energy raises stake in Laramide Resources to 18.4%
Boss Energy has announced the acquisition of 23.5 million shares in Laramide Resources, a uranium developer in Queensland. This purchase increases Boss Energy's stake in the company to approximately 18.4% on an undiluted basis, equivalent to around 48.1 million Laramide shares. The acquisition involves a mix of cash and Boss Energy scrip, with a total consideration of approximately A$15.5m. This includes A$3.9m in cash and A$11.7m in scrip through the issuance of 5.2 million new fully paid ordinary shares in Boss. Laramide Resources' flagship asset, the Westmoreland Uranium Project in Queensland, holds a JORC Indicated Resource of 27.8 million tonnes (mt) at an average grade of 770 parts per million (ppm) of triuranium octoxide (U3O8), amounting to 48.1 million pounds (mlb) of U3O8. The JORC Inferred Resources stand at approximately 11.8mt with an average grade of 680ppm of U3O8 for 17.7mlb of U3O8. Despite Queensland's moratorium on uranium mining, Boss Energy sees potential value in securing exposure to the Westmoreland project. Boss managing director Duncan Craib said: 'This investment represents an attractive opportunity to secure exposure to the significant exploration and development upside at Westmoreland for a relatively small cost. 'While Queensland currently has a moratorium on uranium mining, we believe the state will enviably lift this. If the moratorium is overturned, Boss can apply its knowledge, experience and financial strength to the Westmoreland project. This would be of significant benefit to the people of Queensland and all stakeholders. 'Boss remains focused on delivering a successful ramp up at our flagship Honeymoon Uranium Project in south Australia, which achieved commercial production in January 2025 and remains on track to meet FY25 [fiscal year 2025] production guidance of 850,000lbs U3O8.' Boss Energy is not currently engaged in discussions with Laramide and has no intention to acquire control or make a takeover offer, barring any material changes in Laramide's shareholding or actions. Boss Energy also recently entered a binding option and earn-in agreement with Eclipse Metals to advance exploration at the Liverpool uranium project in Australia. "Boss Energy raises stake in Laramide Resources to 18.4%" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
