Laramide Resources Ltd.'s Australian Subsidiary Signs Indigenous Land Use Agreement to Advance Westmoreland Uranium Project

Laramide Resources Ltd. ("Laramide" or the "Company") is pleased to announce that its wholly owned subsidiary, Tackle Resources Pty Ltd ("Tackle"), has entered into an Indigenous land use agreement ("ILUA") and Ancillary Agreement with the Gangalidda & Garawa Native Title Aboriginal Corporation ("GGNTAC") for the Westmoreland Uranium Project. GGNTAC hold native title as agent for the native title holders over the area of the Westmoreland Project. The ILUA was the subject of a successful consultation and consent process with the native title holders which was finalised in Burketown, Queensland on November 3, 2022 .

Under the ILUA, GGNTAC consents to the grant of a Mineral Development Licence ("MDL") to Tackle. The grant of an MDL will allow Tackle to retain its interests in the exploration ground and continue to prove the Westmoreland Project mineral resource. In return, the ILUA and Ancillary Agreement provide for the involvement of the native title holders in the project and certain benefits, including employment opportunities, on the project. It also provides detailed agreed arrangements for the avoidance of harm to Aboriginal cultural heritage.

The ILUA and Ancillary Agreement is the result of good faith negotiations between the Tackle and GGNTAC representatives. It represents the native title holders' free, prior and informed consent to Tackle's ongoing exploration activities on the Westmoreland project. The ILUA underpins the very positive and enduring relationship between the parties and the native title holders' strong support for the Westmoreland Project.

The ILUA will now be lodged for registration with the National Native Title Tribunal, to facilitate Tackle's application to the Queensland Government for the grant of the MDL.

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 Churchrock/ Crownpoint , a large ISR project, 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: https://www.newswire.ca/en/releases/archive/November2022/29/c7024.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 Reports on the Announcement by Niger to terminate Military Cooperation with the United States

Global Atomic Corporation ("Global Atomic" or the "Company"), (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) reports that the Republic of Niger announced its intention to terminate its military cooperation agreement with the United States which has a large military base in Niger.  It remains unclear if a withdrawal of US troops will be required by Niger as the US military base is used to patrol a larger section of the Sahel region beyond Niger's borders.

Global Atomic - TSX30 - OTC (CNW Group/Global Atomic Corporation)

Stephen G. Roman , President and CEO commented, "With the situation in Niger being fluid, in addition to current advanced discussions with project lenders, the Company is also pursuing other financing strategies to meet its project funding requirements.   Given strong third-party interest in Global Atomic's high-grade uranium project and our plans for near-term production, there are many groups interested in funding the Dasa Project.  The Company will assess these options, monitor events in Niger and keep shareholders appraised."

About Global Atomic

Global Atomic Corporation ( https://www.globalatomiccorp.com ) is a publicly listed company that provides a unique combination of high-grade uranium mine development and cash-flowing zinc concentrate production.

The Company's Uranium Division has identified three additional deposits in Niger additional to the large, high-grade Dasa Project, discovered in 2010 by Global Atomic geologists through grassroots field exploration. With the issuance of the Dasa Mining Permit and an Environmental Compliance Certificate by the Republic of Niger , the Dasa Project is fully permitted for commercial production. Mine excavation began in Q1 2022, and commissioning of the processing plant is expected at the end of 2025/ beginning 2026.

Global Atomic's Base Metals Division holds a 49% interest in the Befesa Silvermet Turkey, S.L. (BST) Joint Venture, which operates a modern zinc production plant, located in Iskenderun, Türkiye. The plant recovers zinc from Electric Arc Furnace Dust (EAFD) to produce a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company's joint venture partner, Befesa Zinc S.A.U. (Befesa) holds a 51% interest in and is the operator of the BST Joint Venture. Befesa is a market leader in EAFD recycling, with approximately 50% of the European EAFD market and facilities located throughout Europe , Asia and the United States of America .

The information in this release may contain forward-looking information under applicable securities laws.  Forward-looking information includes, but is not limited to, statements with respect to completion of any financings; Global Atomics' development potential and timetable of its operations, development and exploration assets; Global Atomics' ability to raise additional funds necessary; the future price of uranium; the estimation of mineral reserves and resources; conclusions of economic evaluation; the realization of mineral reserve estimates; the timing and amount of estimated future production, development and exploration; cost of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental and permitting risks.   Generally, forward-looking statements can be identified by forward-looking terminology such as "plans", "is expected", "estimates", variations of such words and phrases or statements that certain actions, events or results "could", "would", "might", "will be taken", "will begin", "will include", "are expected", "occur" or "be achieved".  All information contained in this news release, other than statements of current or historical fact, is forward-looking information.   Statements of forward-looking information are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Global Atomic to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Global Atomic and in its public documents filed on SEDAR from time to time.

Forward-looking statements are based on the opinions and estimates of management at the date such statements are made.  Although management of Global Atomic has attempted to identify important factors that could cause actual results to be materially different from those forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance upon forward-looking statements.  Global Atomic does not undertake to update any forward-looking statements, except in accordance with applicable securities law.  Readers should also review the risks and uncertainties sections of Global Atomics' annual and interim MD&As.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.

Global Atomic Corporation (CNW Group/Global Atomic Corporation)

SOURCE Global Atomic Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2024/18/c4759.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Toro Energy

Drill Planning for Uranium Pilot Plant Commences

Sonic core drilling will aim to deliver first ore from Wiluna Uranium Project to Pilot Plant

Toro Energy Limited (ASX: TOE) (‘the Company’ or ‘Toro’) is pleased to announce that planning is well advanced to commence a large sonic core drill programme on its Wiluna Uranium-Vanadium (U-V) Project (Figure 1) in Western Australia. The aim of this drilling campaign will be to provide bulk, but targeted potential ore, for the upcoming pilot plant programme.

Keep reading...Show less
scott melbye, uranium ore

Scott Melbye: Uranium Still in Early Innings, Historic Bull Market Coming

Scott Melbye discussed the uranium market, as well as plans for Uranium Energy (NYSEAMERICAN:UEC) and Uranium Royalty (NASDAQ:UROY) as prices and sentiment for the energy commodity continue to heat up.

In his view, the uranium story is nothing like that of lithium, whose price has fallen significantly after running up.

"The fundamentals behind uranium supply and demand — the demand for nuclear power, which is driving the need for uranium and new mine production — couldn't be more different than where lithium is today," Melbye said. "We're still very much in the first or second inning of what is going to be a historic bull market."

Keep reading...Show less
Trinex Minerals

Diamond Drilling Commences at the Gibbons Creek Uranium Project

Trinex Minerals Limited (ASX: TX3) (Trinex Minerals or the Company) is pleased to announce that the winter 2024 diamond drilling program at the Gibbons Creek Uranium Project in Northern Saskatchewan has commenced (Figure 1).

Keep reading...Show less
asx symbol with uranium ore

Top 3 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 2024.

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.

Below the Investing News Network has listed the top uranium stocks on the ASX by year-on-year gains. Data was gathered using TradingView's stock screener on March 7, 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 over the last 12 months.

Keep reading...Show less

Ur-Energy Announces Decision to Build Out Shirley Basin Mine

Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the "Company" or "Ur-Energy") is pleased to announce the decision to build out our wholly owned, fully permitted and licensed Shirley Basin Project in Carbon County, Wyoming

This decision was based on our growing uranium sales contract book, a strong uranium market price, and an expectation of growing demand for uranium as nations increasingly move toward clean nuclear power.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×