Laramide Provides Annual Meeting Details and Announces New Board of Directors Nominee

Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that it has mailed its notice of annual meeting of shareholders, management information circular (the "Circular") and related meeting materials (collectively, the "Meeting Documents") in respect of its upcoming annual meeting of shareholders of the Company (the "Meeting"), to be held on June 26, 2024 at 11 a.m. Eastern Time .

Laramide's current, long-tenured director D. Scott Patterson has informed the Laramide Board of Directors (the "Board") of his intention to retire from the Board as of the Meeting and he will therefore not stand for re-election.

John Mays , a licensed chemical engineer with 30 years of experience with in-situ recovery and the uranium industry, is nominated as a new member to the Laramide Board of Directors (the "Board"), to be elected at the Meeting. The Company's proposed new Board member adds a valuable technical and in-situ recovery ("ISR") mining background to the Board's existing skillset matrix, and has broad operational leadership experience,  both internationally and in the United States .

Laramide expresses its sincere appreciation to D. Scott Patterson for his invaluable contributions during his tenure on the Board. Mr. Patterson, who is the CEO of TSX and NASDAQ listed FirstService Corporation – one of Canada's premier growth companies – has been instrumental in helping guide Laramide through significant corporate milestones, and associated challenges, as the company's fortunes ebbed and flowed in concert with the prospects and perceived potential of nuclear power as a cornerstone technology for electricity generation.  With nuclear power seemingly once again poised to capture a growing share of a growing market, this moment also creates an opportunity to further the process of board renewal at Laramide and begin positioning the company from development towards production status in the near to medium term.

Laramide's President, CEO and Director Marc Henderson commented:

"One of our longest-term directors, Scott Patterson , will not stand for re-election at the Annual Meeting. The Board of Directors and management of Laramide would like to extend our sincere gratitude to Scott for his exceptional dedication and service over the years. As Director and Audit Chair, Scott's integrity, common sense, and business and financial acumen were highly valued commodities in our boardroom and will be sorely missed; Scott continues to have a large ownership position in the Company. We are pleased to welcome our new director nominee, John Mays , who brings significant and proven mining and technical experience to our Board. All of our uranium assets, and in particular Laramide's planned long life, low-cost in-situ recovery Crownpoint-Churchrock uranium operation in New Mexico , United States , will benefit from John's deep technical experience."

John Booth , Chair of the Board, commented:

"We are pleased to nominate John Mays to the Board and look forward to his contribution in helping management drive forward the Company's premium large-scale U.S. and Australian uranium assets. On behalf of the Board, I would also like to thank Scott Patterson for his valuable contributions to Laramide, as both Chair of the Audit Committee and having served as a Director of the Company for so many years. He has played an essential, almost founding role in the advancement of the Company and we wish him well in his future endeavours."

John Mays

John Mays is a licensed professional chemical engineer with over 30 years of experience with in-situ recovery ("ISR") and the uranium industry.  Mr. Mays began his early career at uranium ISR projects in South Texas operated by Everest Minerals in 1986, a company lead by his father and one of the first commercially viable pioneers of uranium ISR technology.  Since that time, he has developed broad technical knowledge and regulatory experience with uranium recovery throughout the United States , having had significant involvement in a multitude of uranium projects throughout the western United States , including roles in New Mexico , Utah , Colorado , and Wyoming.  Notable among his recent experience was his role as Vice President with UrAsia Energy Ltd. based in Almaty, Kazakhstan from 2006 to 2008 during the successful initial construction and operation of the Akdala, South Inkai, and Kharasan-1 uranium ISR projects. Mr. Mays served as Vice President of Powertech USA Inc. from 2008 to 2014 and its successor, Azarga Uranium Corp., for which he served as COO from 2014 until its merger with enCore Energy Corp. in 2021.  In this position, he was instrumental in completing NRC licensing of the Dewey-Burdock Project and its permitting as the first uranium ISR directly regulated by the Unites States Environmental Protection Agency. Since 2023, Mr. Mays has been General Manager of Florence Copper LLC owned by Taseko Mines Limited, which has successfully demonstrated and permitted in-situ copper recovery in Arizona and is planning to commence commercial operations in 2025.  Mr. Mays holds a Bachelor of Science of Chemical Engineering from the Colorado School of Mines .

The Circular contains information for Shareholders regarding the Annual Meeting, including exercising voting rights on the election of the Board and the appointment of the Company's external auditor. Shareholders who held shares as of the Record Date of May 10, 2024 , will be eligible to vote. Voting instructions are included in the Circular, and eligible Shareholders are encouraged to vote well in advance of the proxy voting deadline of 11:00 a.m. Eastern Time on June 24, 2024 . The Meeting materials are available under the Company's issuer profile on SEDAR+ ( ) and on the Company's website at and under the Company's profile on the ASX at .

Statement on Russian Uranium Ban in the United States

On May 13 , U.S. President Biden signed bipartisan legislation to ban the import of uranium products from Russia , a major milestone in the uranium sector. This legislation also unlocks new U.S. funding for domestic conversion and enrichment capacity and provides the clearest signal yet of US policy support for both domestic security of supply and an expanded role for nuclear power in meeting future energy requirements. As Laramide pursues near-term permitting and production of the Company's 100%-owned U.S. uranium projects, Laramide is poised to benefit as one of the country's sources of domestically produced uranium for clean energy. Laramide continues to advance its Utah and New Mexico uranium projects in preparation to help strengthen American nuclear leadership and fuel security for decades to come.

To learn more about Laramide, please visit the Company's website at .

Follow us on Twitter @LaramideRes

About Laramide Resources Ltd.:
Laramide is focused on exploring and developing high-quality uranium assets in Australia and the western United States . The Company's portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size, production potential, and the two large projects are considered to be late-stage, low-technical risk projects.

In the United States , Laramide's assets include the NRC licensed Crownpoint-Churchrock Uranium Project. An NI 43-101 PEA study completed in 2023 has described an in-situ recovery ("ISR") production methodology. The Company also owns the La Jara Mesa project in the historic Grants mining district of New Mexico and an underground project, called La Sal , in Lisbon Valley, Utah.

The Westmoreland project in Queensland, Australia , is one of the largest uranium development assets held by a junior mining company. This project has a PEA that describes an economically robust, open-pit mining project with a mine life of 13 years.  Additionally, the adjacent Murphy Project in the Northern Territory of Australia is a greenfield asset that Laramide strategically acquired to control the majority of the mineralized system along the Westmoreland trend.

Forward Looking Statement

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements. Laramide disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Since forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for uranium; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for uranium; uranium price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations.

SOURCE Laramide Resources Ltd.

Cision View original content:

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)


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

Keep reading...Show less
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

Keep reading...Show less


 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

Keep reading...Show less

NexGen Advances Through Completeness Check for the Final Federal Environmental Assessment Process

NexGen Energy Ltd. ("NexGen" or the "Company") (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce that on June 21, 2024 the Canadian Nuclear Safety Commission (" CNSC ") concluded their 30-day completeness check of NexGen's May 21, 2024 submission of responses to the remaining 49 technical review comments and revised Federal Environmental Impact Statement (" EIS ") for NexGen's 100% owned Rook I Project (" Rook I " or the " Project ").

NexGen Energy Ltd. Logo (CNW Group/NexGen Energy Ltd.)

The technical review by the CNSC has now commenced through the Federal-Indigenous Review Team, and upon confirmation that all technical review comments have been resolved after its prescribed 60-day review, the CNSC will then be able to deem the EIS final. When the EIS is deemed final, the CNSC will establish the Federal Commission Hearing date.

Leigh Curyer, NexGen's Chief Executive Officer, commented: "The Company continues to successfully advance through the Federal EA process which formally initiated in April 2019 . We look forward to the conclusion of the technical review process, for the Federal EIS to be deemed final, and the establishment of a Federal Commission Hearing date for the Rook I Project in order to deliver the significant generational benefits to the local Indigenous Nations, communities, the Province and Canada .

With the acceptance of the Federal licence application and receipt of Provincial EA approval in September and November 2023 , respectively – and broad-based support and advocacy from our valued stakeholders and local Indigenous Nation partners and communities – the team is ready to immediately commence major construction of this generational project upon receipt of remaining approvals. The detailed engineering and procurement activities continue along the critical path as do the significant local training programs underway for the future staffing requirements. Rook I represents a crucial clean fuel source that is fully in line with Government of Canada's critical minerals strategy and desire to be a leader in the provision of clean energy solutions including nuclear power and NexGen will be instrumental in global efforts to bring diversified, reliable, carbon-free energy to the world."

About NexGen

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company's flagship Rook I Project is being optimally developed into the largest low cost producing uranium mine globally, incorporating the most elite standards in environmental and social governance. The Rook I Project is supported by a NI 43-101 compliant Feasibility Study which outlines the elite environmental performance and industry leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure. NexGen is leveraging its proven experience to deliver a Project that leads the entire mining industry socially, technically and environmentally. The Project and prospective portfolio in northern Saskatchewan will provide generational long-term economic, environmental, and social benefits for Saskatchewan, Canada , and the world.

NexGen is listed on the Toronto Stock Exchange, the New York Stock Exchange under the ticker symbol "NXE" and on the Australian Securities Exchange under the ticker symbol "NXG" providing access to global investors to participate in NexGen's mission of solving three major global challenges in decarbonization, energy security and access to power. The Company is headquartered in Vancouver, British Columbia , with its primary operations office in Saskatoon, Saskatchewan .

Cautionary Note to U.S. Investors

This news release includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the Securities and Exchange Commission (" SEC ") set by the SEC's rules that are applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources information included in this news release is not comparable to similar information that would generally be disclosed by domestic U.S. reporting companies subject to the reporting and disclosure requirements of the SEC Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable United States securities laws and regulations and "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to mineral reserve and mineral resource estimates, the 2021 Arrow Deposit, Rook I Project and estimates of uranium production, grade and long-term average uranium prices, anticipated effects of completed drill results on the Rook I Project, planned work programs, completion of further site investigations and engineering work to support basic engineering of the project and expected outcomes. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment that, based on certain estimates and assumptions, the mineral resources described can be profitably produced in the future.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen's business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the mineral reserve and resources estimates and the key assumptions and parameters on which such estimates are based are as set out in this news release and the technical report for the property , the results of planned exploration activities are as anticipated, the price and market supply of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen's planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, the existence of negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, conclusions of economic valuations, the risk that actual results of exploration activities will be different than anticipated, the cost of labour, equipment or materials will increase more than expected, that the future price of uranium will decline or otherwise not rise to an economic level, the appeal of alternate sources of energy to uranium-produced energy, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources and reserves are not as estimated, that actual costs or actual results of reclamation activities are greater than expected, that changes in project parameters and plans continue to be refined and may result in increased costs, of unexpected variations in mineral resources and reserves, grade or recovery rates or other risks generally associated with mining, unanticipated delays in obtaining governmental, regulatory or First Nations approvals, risks related to First Nations title and consultation, reliance upon key management and other personnel, deficiencies in the Company's title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licences, risks related to changes in laws, regulations, policy and public perception, as well as those factors or other risks as more fully described in NexGen's Annual Information Form dated March 6, 2024 filed with the securities commissions of all of the provinces of Canada except Quebec and in NexGen's 40-F filed with the United States Securities and Exchange Commission, which are available on SEDAR+ at and Edgar at .

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or statements or implied by forward-looking information or statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking information or statements due to the inherent uncertainty thereof.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws .

Cision View original content to download multimedia:

SOURCE NexGen Energy Ltd.

Cision View original content to download multimedia:

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Gladiator Resources Limited

Drilling Update for Mkuju Project

Gladiator Resources Ltd (ASX: GLA) (Gladiator or the Company) is pleased to announce that drilling at the Mkuju Project is progressing well. Highly mineralized intervals are observed in the core close to surface in 2 holes of the 4 completed. After the 5th hole the rig will commence drilling at the nearby Mtonya area to follow-up on the excellent historical intersections along the northwest side of the deposit which appears to be ‘open’. At the Likuyu North deposit, a 370 line-km ground magnetic survey is nearing completion – the data will guide the drill targeting aimed at identifying potential extensions or new zones.

Keep reading...Show less
Uranium ore and crystals with Orano logo.

Top Stories This Week: Uranium’s East/West Divide Heats Up, Central Banks Eye Gold

The gold price rose as high as US$2,366 per ounce on Thursday (June 20), but had fallen back to the US$2,325 level by Friday (June 21) morning, looking set to end the week relatively flat.

Its price increase came as US jobless claims fell by 5,000 to reach 238,000 in the week ended June 15; meanwhile, single-family housing starts fell by 5.2 percent in May. The data has boosted interest rate cut expectations for the fall.

Central bank buying has provided major support for the gold price in recent months and years, and a new survey from the World Gold Council (WGC) indicates that 29 percent of the 70 central banks that responded intend to increase their gold reserves in the next 12 months — that's the highest level seen since the survey began in 2018.

Keep reading...Show less
Argentina flag.

Blue Sky Uranium Acquires New Projects in Argentina

Blue Sky Uranium (TSXV:BSK,OTCQB:BKUCF) announced on Monday (June 17) that it is expanding its exploration portfolio by acquiring two new projects that are prospective for uranium in Argentina's Neuquén Basin.

The company's cornerstone asset is the Amarillo Grande project (AGP), where work continues to progress.

“Within our flagship AGP we have the Ivana deposit moving into the pre-feasibility stage, and multiple established exploration targets that are ready for the next steps,” said CEO and President Nikolaos Cacos in a press release.

Keep reading...Show less

Laramide Commences 2024 Australian Drilling Campaign

  • Up to 12,000 meters planned across multiple targets within the Westmoreland Conglomerate that crosses Queensland and the Northern Territory
  • Primary aim is to expand existing Westmoreland mineral resource and to enhance the project economics
  • Second drill rig arriving in mid-July
  • Maiden resource estimate planned at Long Pocket for year-end
  • Northern Territory Geological Survey awards two exploration grants

Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that the 2024 drilling campaign has started at the Westmoreland Project in Northwest Queensland . The 2024 work plans include up to 12,000m with over 100 drillholes, designed to test multiple targets across the Westmoreland Uranium Project in NW Queensland and into the Murphy Uranium Project in the Northern Territory.

"We are excited to see drilling underway at Westmoreland after a prolonged wet season," says Laramide's President and CEO Marc Henderson .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
GTI Energy

Placement to Fund July Resource Drilling at Lo Herma ISR Uranium Project Rights Entitlement Offer Planned on Same Terms as Placement

GTI Energy Ltd (GTI or Company) is pleased to advise it has received firm commitments to raise A$2,250,000 via the issue of 500,000,000 new shares at A$0.0045 per share (Placement) together with one (1) free attaching option for every three (3) Placement Shares subscribed for (Placement Options).

Keep reading...Show less

Latest Press Releases

Related News