Announcement • Jul 22
Laramide Resources Ltd. Announces Updated Preliminary Economic Assessment for Westmoreland Uranium Project Laramide Resources Ltd. announced the results of an updated Preliminary Economic Assessment (PEA) for its 100%-owned Westmoreland Uranium Project in Queensland, Australia. The updated PEA incorporates a decade of technical advancement, including updated engineering, mine planning, metallurgical process design, environmental planning, capital and operating cost estimates, and revised market assumptions, providing a current assessment of the Project's development potential in today's uranium market. The resulting PEA provides an updated assessment of the Project's technical and economic potential and establishes a current foundation for evaluating the future development of one of Australia's largest undeveloped uranium projects. The updated PEA continues to demonstrate that Westmoreland has the potential to become a large-scale, long-life uranium operation and could be an attractive supplier of choice to global utilities, given its location in a favorable, stable political environment and low technical risk attributes. The updated Preliminary Economic Assessment constitutes a Material Change and a NI 43-101 Technical report will be filed on sedarplus.ca within 45 days of this announcement. New Risk • Jul 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$139.1m (US$98.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$10m free cash flow). Earnings are forecast to decline by an average of 35% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CA$18m net loss in 2 years). Market cap is less than US$100m (CA$139.1m market cap, or US$98.9m). Announcement • Jun 16
Laramide Resources Ltd. Advances Churchrock-Crownpoint Discharge Permit Application to Public Notice Phase Laramide Resources Ltd. announced that the New Mexico Environment Department has advanced the Company's DP-2004 Groundwater Discharge Permit application for the Churchrock-Crownpoint In-Situ Recovery Uranium Project to the public notice phase of the permitting process. NMED has provided the Company with the public notice package and associated instructions required to commence public notification and stakeholder engagement activities as part of the State's review process. The public notice marks an important step in the evaluation of the discharge permit application and initiates the formal public participation component of the permitting process. The proposed permit application supports the development of an ISR uranium recovery operation at Churchrock Section 8 and includes authorization for the use of a groundwater-based lixiviant solution to facilitate uranium recovery. The Company will continue to work collaboratively with NMED, local communities, Tribal governments, stakeholders and interested parties throughout the public participation process. The Churchrock-Crownpoint Project is located in McKinley County, New Mexico and comprises the Churchrock and Crownpoint uranium deposits, which collectively contain a significant uranium resource. The Project benefits from an existing Nuclear Regulatory Commission license and is advancing through federal and state permitting processes. The Project is also designated as a FAST-41 Covered Project under the U.S. Federal Permitting Improvement Steering Council framework, reflecting its potential strategic importance to the domestic nuclear fuel supply chain. Laramide believes the advancement of the discharge permit application into the public notice phase further demonstrates continued momentum in the regulatory review process and supports the Company's objective of positioning Churchrock-Crownpoint as a future source of domestically produced uranium to help meet growing U.S. energy security and nuclear fuel requirements. 
