Laramide Resources Ltd.

Laramide Resources Ltd. is a junior uranium development company headquartered in Toronto, Canada, operating primarily in USA. The company's portfolio consists of 6 projects, comprising 4 development and 2 advanced exploration projects. Key assets include Churchrock-Crownpoint and Westmoreland. The company's business model centers on the exploration and development of mineral assets, employing a dual-track approach that encompasses both in-situ recovery (ISR) and conventional hard-rock projects. This diversification in extraction methodology provides operational flexibility and mitigates risks associated with a single processing type. A core component of the business involves acquiring advanced-stage projects with significant existing infrastructure and historical data, which accelerates development timelines. The operational approach for ISR-amenable deposits focuses on reversing natural deposition processes through injected solutions, while conventional assets are advanced through traditional development pathways. The enterprise also maintains a portfolio of strategic equity investments in other exploration and development companies, which can be liquidated to provide a non-dilutive source of funding for its own activities. This structure, combining direct project development with strategic investments, supports a multi-faceted approach to value creation and risk management within stable and predictable operating environments.

Strategic priorities focus on aggressive resource base expansion and the de-risking of development-stage assets. A key initiative involves large-scale drilling campaigns, such as a planned 12,000-meter program, designed to upgrade resource confidence from inferred to indicated categories, test for extensions between known deposits, and explore for new satellite discoveries. The organization is advancing its in-situ recovery projects through detailed technical evaluations, including a Preliminary Economic Assessment that outlines a long-life, low-capital operation. To enhance technical proficiency, the company secured a government grant for a joint research project with a national laboratory to develop advanced groundwater restoration technology. For its conventional assets, the strategy includes methodically advancing the permitting process, demonstrated by the re-initiation of a Draft Environmental Impact Statement review. Financial strategy is characterized by flexibility, utilizing a mix of equity placements, convertible debt facilities, warrant exercises, and government grants to fund its exploration and development programs without relying on a single capital source.

Executive leadership includes a President and CEO with over 25 years of experience, who has held senior roles at multiple public resource companies. The team was recently strengthened with the 2024 appointment of a Vice-President of Operations and Strategic Development, bringing extensive experience in operational compliance and regulatory oversight from a major industry producer, and a Vice-President of Exploration in 2023 with 19 years of diverse commodity experience. The Board of Directors is composed of 5 members, 4 of whom are independent, ensuring robust oversight. Governance is structured through an Audit Committee, a Compensation Committee, and a Nominating and Governance Committee. The Audit Committee's charter mandates at least 4 meetings per year and outlines specific procedures for approving non-audit services and handling accounting-related complaints. A shareholder rights plan, re-approved every 3 years, is in place to ensure fair treatment of shareholders in the event of a takeover bid, reflecting a proactive approach to corporate governance.

The company's approach to social responsibility is demonstrated through the execution of a formal Indigenous Land Use Agreement for a key project. This agreement, resulting from a consent process with native title holders, establishes provisions for employment opportunities, cultural heritage protection, and free, prior, and informed consent for ongoing exploration. Environmental stewardship for its in-situ recovery operations is advanced through a joint research project with a national laboratory, funded by a U.S. Department of Energy grant, aimed at developing and demonstrating advanced groundwater restoration technologies. The organization's governance framework is underpinned by a formal Code of Business Ethics and Conduct, which applies to all directors, officers, and employees. This code explicitly addresses anti-bribery, anti-corruption, respect for human rights in all operating locations, and compliance with all applicable laws, including environmental regulations. Permitting for certain projects requires the completion of a comprehensive Environmental Impact Statement, ensuring regulatory and community oversight.

In 2017, the company acquired a portfolio of advanced-stage in-situ recovery projects through the purchase of NuFuels, Inc. (formerly Hydro Resources, Inc.) from Westwater Resources Inc. The corporate structure was further shaped by the 2018 consolidation of two joint ventures, resulting in 100% ownership of the Murphy Uranium Project by acquiring the remaining interests from Verdant Minerals Ltd. and Rio Tinto Exploration Pty Ltd.; Rio Tinto retains certain clawback and royalty rights on the southern portion of the project. A significant recent strategic move in 2024 was entering into an option agreement with Aral Resources Ltd., providing the right to acquire 100% of the Chu-Sarysu Project, with the company acting as operator during the option period. Key operational subsidiaries include NuFuels, Inc., Westmoreland Resources Pty Ltd, and Tackle Resources Pty Ltd. In March 2025, Boss Energy, an ASX-listed producer, announced it would become a major shareholder, holding an 18.4% interest in the company, citing the strength of a flagship asset.