Laramide is a publicly listed company engaged in the exploration and development of high-quality uranium assets based in Australia and the United States. The Company is listed on the Toronto Stock Exchange (TSX) and the Australian Securities Exchange (ASX) under the symbol "LAM".
Laramide provides investors exposure through its portfolio of uranium projects chosen for their production potential, 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, strategic equity positions and royalty participation in uranium development and exploration companies that provide additional diversification.
The Company’s flagship project, the Westmoreland Project, in Queensland, Australia, is one of the largest uranium deposits not controlled by a senior producer or utility, and is one of a small percentage of known deposits expected to have compelling economics at today’s uranium prices based on Scoping Study economics. The latest NI 43-101 resource estimate reported an Indicated Mineral Resource totaling 36.0 million pounds of uranium (U3O8) contained in 18.7 million tonnes at an average grade of 0.089% U3O8, and an additional Inferred mineral resource totaling 15.9 million pounds of uranium (U3O8) contained in 9.0 million tonnes at an average grade of 0.083% U3O8. In addition to the Westmoreland deposit in Queensland, the Company has in the Northern Territory, three contiguous joint ventures, the NuPower-Lagoon Creek Joint Venture, the Gulf Mines Joint Venture, and the Rio Tinto – Murphy Farm-in and Joint Venture.
Laramide’s U.S. properties provide diversification by jurisdiction (Grants, New Mexico and Lisbon Valley, Utah) and by stage of project, as both U.S. properties were previously permitted by the former operator Homestake Mining Company. The La Sal, Utah property is ready to move to production, now that Laramide has received the Record of Decision approving the Plan of Operations at the La Sal project from the United States Department of the Interior Bureau of Land Management. The La Jara Mesa project is located in the prolific Grants Mineral Belt, NM. It hosts 10.5 million pounds U3O8 and is currently undergoing permitting. Laramide also owns a portfolio of uranium royalties in the Grants Mineral District of New Mexico, U.S.A., of properties owned by Uranium Resources Inc.