Laramide is a Canadian company engaged in the exploration and development of high-quality uranium assets based in Australia and the United States. The Company is co-listed on the Toronto Stock Exchange (TSX) and the Australian Securities Exchange (ASX) under the symbol "LAM".
Laramide provides investors with exposure to uranium assets through its portfolio of projects chosen for their production potential and location in safe and politically stable jurisdictions, including Westmoreland in Australia and two development stage assets, La Sal and La Jara Mesa, in the United States. Within the portfolio are also joint ventures, farm-in arrangements, strategic equity positions and royalty participation in uranium development and exploration companies that provide additional diversification.
Laramide’s flagship, the Westmoreland Uranium Project, is located in Queensland, Australia, adjacent to the Northern Territory border. The Westmoreland Project tenements are contiguous and are located as a group approximately 400 kilometres north-northwest of Mt Isa. Laramide’s wholly owned subsidiary, Tackle Resources Pty Ltd, owns 100% of Westmoreland, and continues to advance the project through drilling programs, updated resource estimates, environmental studies and metallurgical studies. The Westmoreland Project has an Indicated Mineral Resource totalling 36.0 million pounds of uranium (U3O8) contained in 18.7 million tonnes at an average grade of 0.089% U3O8 and a further Inferred Mineral Resource totalling 15.9 million pounds of uranium contained in 9.0 million tonnes at an average grade of 0.083% U3O8.
Favourable Political Conditions: On 22 October 2012, the Queensland State Government announced its intention to convene an implementation committee to oversee the recommencement of uranium mining in Queensland. In March 2013, the six-person independent committee provided the framework for implementation. This will enable Laramide to utilise the baseline environmental data collection substantially completed on the Westmoreland Project to commence the process of obtaining permits for development.
The Westmoreland Project, Queensland, Australia
Laramide’s wholly owned U.S. properties provide diversification in terms of both project stage and jurisdiction (Grants, New Mexico and Lisbon Valley, Utah), with the two main projects, La Sal and La Jara Mesa, currently at the permitting stage as a result of past exploration and development activities completed to date.
La Sal Project, Utah
La Jara Mesa Project, New Mexico