Announcement • 8h

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.

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