Laramide Resources Ltd. Announces Proceeds from Successful Exercise of Warrants

Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that 17,175,000 or 100% of the outstanding warrants to purchase common shares of the Company that expired on January 16, 2023 with a strike price of 30 cents have been exercised. All cash amounts expressed in Canadian dollars.

Laramide Logo (CNW Group/Laramide Resources Ltd.)

These receipts included a total of 1,175,000 warrants exercised by insiders, including the Chairman and the CEO, and resulted in gross proceeds of $5,152,500.00 to the Company. Together with the Company's previous cash balances, and combined with securities available for sale, Laramide now has in excess of $10 million in cash and securities on hand and is essentially funded through 2023, a year that is expected to see increased exploration and development activity in alignment with the broad-based improvement in the uranium market.

"We are very pleased that all warrant holders demonstrated their support for Laramide's business activity with their full and complete purchase of the outstanding warrants," says Marc Henderson , President and CEO, Laramide Resources Ltd. "The uranium fundamentals are far stronger than they were when we issued the financing units, which included these warrants, in January 2020 . Corporately, we have responded to the positive shift in sentiment towards nuclear energy by resuming exploration and development activities on our most advanced projects."

On January 17, 2023 , immediately after the exercises, the Company has 225,404,696 common shares outstanding and fully diluted shares of 233,244,696.

To learn more about Laramide, please visit the Company's website at www.laramide.com or contact:

Follow us on Twitter @LaramideRes

About Laramide Resources Ltd.:

Laramide is engaged in the exploration and development of high-quality uranium assets. Its wholly owned uranium assets are in Australia and the United States . Each of Laramide's portfolio of five advanced uranium projects have been chosen for their production potential. Laramide's Westmoreland project, in Queensland, Australia , is one of the largest projects currently held by a junior mining company. Its U.S. assets include Church Rock , a large ISR project; Crownpoint , a former uranium mining operation; and the La Jara Mesa in the historic Grants, New Mexico mining district.

This press release contains forward-looking statements. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information.  Certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information.

SOURCE Laramide Resources Ltd.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/January2023/17/c6787.html

News Provided by Canada Newswire via QuoteMedia

LAM:CA,LMRXF
The Conversation (0)
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

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. AMENDS AND EXTENDS CREDIT FACILITY

LARAMIDE RESOURCES LTD. AMENDS AND EXTENDS CREDIT FACILITY

 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

Global Atomic Announces Private Placement of up to C$30 Million

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

 Global Atomic Corporation (" Global Atomic " or the " Company ") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) is pleased to announce a non-brokered private placement (the " Offering ") for gross proceeds of up to C$30,000,000 from the sale of up to 37,500,000 units of the Company (each, a " Unit ") at a price of C$0.80 per Unit. Red Cloud Securities Inc. will be acting as a finder in connection with the Offering.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Global Atomic Announces Private Placement of up to C$30 Million

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

 Global Atomic Corporation (" Global Atomic " or the " Company ") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) is pleased to announce a non-brokered private placement (the " Offering ") for gross proceeds of up to C$30,000,000 from the sale of up to 37,500,000 units of the Company (each, a " Unit ") at a price of C$0.80 per Unit. Red Cloud Securities Inc. will be acting as a finder in connection with the Offering.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Hydrology Drilling to Support Scoping Study Commenced

Hydrology Drilling to Support Scoping Study Commenced

GTI Energy (GTR:AU) has announced Hydrology Drilling to Support Scoping Study Commenced

Download the PDF here.

Westinghouse Resolves Technology Export Dispute With Korean Companies

Cameco( TSX: CCO; NYSE: CCJ) is pleased to announce and support the resolution reached by Westinghouse Electric Company (Westinghouse) in its intellectual property dispute with Korea Electric Power Corporation and Korea Hydro & Nuclear Power Co., Ltd., (collectively KEPCO and KHNP).

"This is a positive outcome for both parties, which we believe facilitates bringing world-leading reactor technology and related competencies in engineering, construction services, maintenance, fuel supply, and training to the global market," said Tim Gitzel, Cameco's President and Chief Executive Officer. "With more than 30 countries and over 100 companies pledging to triple nuclear capacity by 2050, the demand for nuclear power is undeniable. This agreement strengthens the industry's ability to provide carbon-free, reliable, dispatchable baseload electricity to help achieve climate, energy and national security objectives."

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Laramide releases further assay results from successful 2024 drill campaign at Westmoreland Project, Queensland, Australia

Highlights:

  • Huarabagoo continues to deliver broad, consistent mineralisation including:
    • HB24DD011 – 5m @ 2,053 ppm (0.21%) U 3 O 8 and 0.58 g/t Au from 34.5m ,
      • including 3.7m @2,751 ppm (0.28%) U 3 O 8 and 0.81 g/t Au
    • HB24DD013 – 12m @ 1,694 (0.17%) U 3 O 8 from 44 m ,
      • including 5.0m @ 3,235 ppm (0.32%) U 3 O 8
    • HB24DD014 – 17m @ 764 ppm (0.08%) U 3 O 8 from 30m ,
      • including 9m @ 1,247 ppm (0.12%) U 3 O 8
      • and 3m @ 5,286 ppm (0.53%) U 3 O 8 and 0.62 g/t Au from 72m ,
    • HB24DD015 – 22m @ 871 ppm (0.09%) U 3 O 8 from 27m ,
      • including 5m @ 2,050 ppm (0.25%) U 3 O 8
    • HB24DD015 – 19m @ 965 ppm (0.1%) U 3 O 8 from 83m ,
      • including 6m @ 2,622 ppm (0.26%) U 3 O 8
  • Results continue to demonstrate the potential to link the Huarabagoo and Junnagunna uranium deposits:
    • HJ24RC014 – 15m @ 267 ppm (0.03%) U 3 O 8 from 79m ,
      • including 1m @ 1,068 ppm (0.11%) U 3 O 8 from 80m
      • and 1m @ 2,128 ppm (0.21%) U 3 O 8 from 34m

Laramide Resources Ltd. ( "Laramide" or the "Company" ) (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), a uranium mine development and exploration company with globally significant assets in the United States and Australia is pleased to report more assay results from the 2024 drilling campaign completed at the Westmoreland Uranium Project in Queensland, Australia ( "Westmoreland" ).

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×