Emerging Markets Report: A Case for Uranium

An Emerging Markets Sponsored Commentary

There's a funny thing about resource companies, particularly those who mine the dirt beneath their feet.

Sometimes that earth moves on its own, figuratively of course, but it moves.

This virtual movement can be good or bad. Gold buyers saw crypto siphon off investors at one point and the metal didn't appreciate like most other assets in the recent bull market. The cost of mining gold was likely unchanged, but the spot price in the market wasn't rising due to external, global factors.

But that door of impact swings both ways as we begin to introduce Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), an exploration and development company, which holds diversified uranium assets strategically positioned in the United States and Australia that have been chosen for their low-cost production potential. Let's examine for a moment the geopolitical factors through the reportage of completely unaffiliated news outlets who are in the collective, making a case for uranium, and we believe, a reason to dive deeper into a review of Laramide.

Before we do that it is necessary to establish a little pedigree for Laramide herein. You may have not noticed in the string of domestic and international ticker symbols above but Laramide is traded on the OTCQX, the highest tier of OTC Markets. The OTCQB, where most stories we cover trade, is the second tier of the markets operated by OTC Markets Group, below OTCQX and above Pink.

Now, back to Uranium.

In a report from S&P Global with the headline "Uranium buyers, Ukraine conflict drive spot price to 10-year high" yellowcake's recent price appreciation can be directly pegged to a buying spree by financial entities, mainly Sprott, and to the war:

"Russia's invasion of Ukraine has threatened to rattle uranium supply chains and spurred a wave of investor buying in the market, pushing uranium prices above $50/lb for the first time in 10 years."

That article was written March 11, 2022. In May, that price was even higher .

A mining publication this week wrote, "US, Canadian companies set to soar on Russian uranium ban," based on comments by GoldSilver.com's senior precious metals analyst, Jeff Clark.

The impact has already been felt in uranium bellwether stocks like Cameco and NexGen with an industry analyst stating that those two equities "have more room to run after climbing more than 40 per cent so far in 2022." Here's a link to that report .

It didn't take us long to curate compelling headlines about the current market for uranium. Bullish reports abound including this one from S&P Global Market Intelligence again with the header, " High Prices Lure Uranium Explorers to the U.S. "

We are at the very beginning of our coverage of Laramide Resources which appears to be in the right industry at the right time. Located in the safe and politically stable jurisdictions of the United States and Australia, Laramide's exploration development uranium projects include one of a handful in the world not under the control of a major mining company. Its US projects are in the historic uranium mining region of New Mexico and another in Utah very close to the only fully-licensed and operating conventional uranium mill in the United States.

We will watch how Laramide, in its exploration and development stage potentially catches the tailwinds of this uranium cycle to potentially push their projects toward production.

These turbulent, terrible even times, have moved a market in favor of the Uranium market.

About The Emerging Markets Report:
The Emerging Markets Report is owned and operated by Emerging Markets Consulting (EMC), a syndicate of investor relations consultants representing years of experience. Our network consists of stockbrokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets.

For more informative reports such as this, please sign up at https://emergingmarketsconsulting.com/

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LARAMIDE RESOURCES ANNOUNCES RESULTS OF ANNUAL MEETING OF SHAREHOLDERS - May 31, 2023

LARAMIDE RESOURCES ANNOUNCES RESULTS OF ANNUAL MEETING OF SHAREHOLDERS - May 31, 2023

Laramide Resources Ltd. (" Laramide " or the " Company ") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce the results of its annual and special meeting of shareholders (the "Meeting") held on Tuesday, May 30, 2023 in Toronto .

A total of 90,446,193 common shares of the Company ("Common Shares") were represented and all matters presented for approval at the Meeting have been duly authorized and approved. Shareholders voted in favour of all matters brought before the Meeting, as follows:

News Provided by Canada Newswire via QuoteMedia

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Laramide Resources Ltd. Announces Results from the Diamond Drilling Program at its Crownpoint-Churchrock Uranium Project, New Mexico, U.S.A.

Laramide Resources Ltd. Announces Results from the Diamond Drilling Program at its Crownpoint-Churchrock Uranium Project, New Mexico, U.S.A.

Laramide Resources Ltd. (" Laramide " or the " Company ") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce completion of the initial diamond drilling phase of the project ramp-up at its 100% owned NRC licensed Crownpoint-Churchrock Uranium Project, near Gallup, New Mexico, USA ("Crownpoint").  The diamond drill program, having a total drilled length of 6,030 feet (1,838 meters) was comprised of seven drill holes located in areas of uranium mineralization within Section 17, Township 16 North South, Range 16 West and located along the boundary between Section 17 and Section 8. Three of these drill holes were "twin holes" drilled within 20 feet (ft) of historic drill holes designed to confirm the stratigraphic position of uranium mineralization, the relative thicknesses of mineralized intervals, the range of uranium grades that were encountered in the historical drill holes and to provide drill core for chemical assays and radiometric equilibrium analysis. The project is being managed by NuFuels, Inc., a wholly owned subsidiary of Laramide Resources Ltd., which oversees Laramide's uranium asset portfolio in the United States . As reported on December 13, 2022 and January 23, 2023 Laramide has appointed SLR International Corporation ("SLR") of Denver, Colorado, to complete an NI 43-101 Preliminary Economic Assessment ("PEA") with respect to the Churchrock Uranium Project (the "Project").

News Provided by Canada Newswire via QuoteMedia

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LARAMIDE RESOURCES LTD. AMENDS AND EXTENDS CREDIT FACILITY

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 Laramide Resources Ltd. (" Laramide " or the " Company ") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that the Company and Extract Advisors LLC acting as agent for and on behalf of the Lenders (the " Agent "), completed an amendment (the " Amendment ") to the existing term loan made by the Lenders in favour of Laramide Resources Ltd. (the " Term Loan "), which includes, among other things, (i) a two year extension of the maturity date of the Term Loan from March 31, 2023 to March 31, 2025 (ii) the reduction of the outstanding facility from USD$4,500,000 to USD$3,500,000 with a USD$1,000,000 repayment made concurrent with the signing of the Amendment Agreement (iii) no prepayment of the Term Loan before the Maturity date and (iv) the Company may request conversion of the loan at any time after September 20, 2023 after the shares of the Company have traded on the TSX for $1.00 on a volume weighted basis for ten consecutive days. The conversion price remains at $0.40 per share.

News Provided by Canada Newswire via QuoteMedia

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Top 5 ASX Uranium Stocks of 2024

Uranium has broken out, with the spot price rising to a 16-year high of US$106 per pound in early 2024. Despite a pullback, uranium prices in April still remain 30 percent higher than last year's average.

Although the market's turnaround has taken time, experts are predicting a bright future as countries around the world pursue clean energy goals. Against that backdrop, some ASX-listed uranium companies have been making moves in 2024.

Below the Investing News Network has listed the top uranium stocks on the ASX by year-to-date gains. Data was gathered using TradingView's stock screener on April 10, 2024, and all companies included had market caps above AU$50 million at the time. Read on to learn more about these firms and what they've been up to so far this year.

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Top 10 Uranium-producing Countries (Updated 2024)

Output from the top uranium-producing countries rose steadily for a decade, peaking at 63,207 metric tons (MT) in 2016. However, global uranium production has noticeably declined in the years since then.

Decreased numbers across the world are related to the persistently low spot prices the uranium market has experienced in the wake of the Fukushima disaster; COVID-19 and Russia's war against Ukraine have also had an impact on output.

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Blue Sky Uranium

Blue Sky Uranium Announces Non-Brokered Private Placement

Blue Sky Uranium Corp. (TSXV: BSK) (FSE: MAL2), ("Blue Sky" or the "Company") is pleased to announce a non-brokered private placement for the sale of up to 16,666,667 units of the Company (each, a "Unit") at a price of C$0.06 per Unit (the "Offering Price") for aggregate gross proceeds of C$1,000,000 (the "Offering"). Red Cloud Securities Inc. will be acting as a finder in connection with the Offering.

Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one transferrable Common Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional Common Share (each, a "Warrant Share") at an exercise price of C$0.09 per Warrant Share for a period of two (2) years following the issue date of the Unit.

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Mr. Trimble is the President and CEO of Skyharbour Resources, a uranium explorer and prospect generator in the Athabasca Basin and Tisdale’s project partner at the South Falcon East Project. He brings significant experience in the uranium sector and will provide vital insight to the Company in his advisory role.

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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