ASX:LAM

3 stories mentioning ASX:LAMUpdated 2d ago

Every FINWIRES story that references ASX:LAM, newest first.

Laramide Resources Plans Further Exploration at Westmoreland Uranium Project in Queensland

Laramide Resources (ASX:LAM) plans to undertake further exploration work at its Westmoreland Uranium Project in Queensland during 2026 and 2027 to find opportunities to expand and enhance the existing resource base, according to a Friday Australian bourse filing.The company said priority areas include potential resource extensions and a number of satellite targets, including the Link Zone between Huarabagoo and Junnagunna, Amphitheatre, Moogooma and U-Valley, with the company also continuing to evaluate the broader regional potential, including the Mageera prospect in the Northern Territory.

ASX:LAM

Asia23d ago

Laramide Resources Completes CA$5 Million Private Placement

Laramide Resources (ASX:LAM) closed a non-brokered private placement with a strategic investor, issuing 8.4 million common shares at CA$0.60 per share for gross proceeds of CA$5 million, according to a Friday filing with the Australian bourse.The proceeds will be used for working capital and general corporate purposes, per the filing.The shares are subject to a four-month-plus-one-day hold period and other resale restrictions, with the closing contingent on regulatory approvals, including approval from the Toronto Stock Exchange, the filing added.

ASX:LAM

Asia45d ago

Laramide Resources Says Updated Assessment for Queensland Uranium Project Shows 'Strong' Economics

Laramide Resources (ASX:LAM) said an updated preliminary economic assessment for its Westmoreland uranium project in Queensland indicates "strong" project economics with a post-tax net present value of $741.1 million and an internal rate of return of 33%, according to a Thursday filing with the Australian bourse.The assessment also shows average annual production of about 4.9 million pounds of triuranium octoxide and total production of about 47.9 million pounds over an initial mine life of 11 years, per the filing.The company said the assessment pegged the initial capital cost at about $456 million, plus a contingency of $84 million, with an estimated payback period of roughly 2.5 years.The updated study incorporates a decade of technical advancement and replaces a previous assessment from 2016."Significantly, this study positions Westmoreland for the next stage of development," said Rhys Davies, Laramide Resources' vice president of exploration. "The company is prepared to lodge a mining lease application as soon as permitted by the Queensland government."

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