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The latest announcement is out from Laramide Resources ( (TSE:LAM) ).
Laramide Resources has hired Brisbane-based engineering firm Lycopodium Limited to update the Preliminary Economic Assessment for its Westmoreland Uranium Project in Queensland, with completion targeted for the first half of 2026. The move follows strengthened uranium market fundamentals, a significantly expanded mineral resource at Westmoreland and the granting of a Mining Development Licence, positioning the project as a large-scale, late-stage asset that could deliver 4 to 5 million pounds of U₃O₈ annually once policy conditions in Queensland allow development.
The updated study will incorporate higher long-term uranium price assumptions, revised capital and operating costs and the enlarged resource base, which now includes 48.1 million pounds of indicated and 17.7 million pounds of inferred U₃O₈. Laramide also plans a 2026 exploration program targeting underexplored satellite prospects and adjoining tenements in the Northern Territory, aiming to showcase broader district potential and reinforce Westmoreland’s role as a key candidate to help fill an anticipated future uranium supply gap.
The most recent analyst rating on (TSE:LAM) stock is a Hold with a C$0.86 price target. To see the full list of analyst forecasts on Laramide Resources stock, see the TSE:LAM Stock Forecast page.
Spark’s Take on TSE:LAM Stock
According to Spark, TipRanks’ AI Analyst, TSE:LAM is a Neutral.
The score is held down primarily by weak financial performance (loss-making with no reported revenue and ongoing cash burn). Technicals provide partial support due to strong momentum above key moving averages, but overbought indicators add near-term risk. Valuation is also a headwind because negative earnings make P/E less informative and there is no dividend yield.
To see Spark’s full report on TSE:LAM stock, click here.
More about Laramide Resources
Laramide Resources is a uranium mine development and exploration company with significant projects in the United States and Australia, focused on high-quality uranium assets in tier-one jurisdictions. Its portfolio consists mainly of advanced, late-stage, low-technical-risk uranium projects in districts with historical production or strong geological prospectivity, selected for their size and production potential.
Average Trading Volume: 570,226
Technical Sentiment Signal: Buy
Current Market Cap: C$235.4M
Learn more about LAM stock on TipRanks’ Stock Analysis page.