Laramide Resources ( (TSE:LAM) ) just unveiled an update.
Laramide Resources has announced an updated Mineral Resource Estimate for its Westmoreland Uranium Project in northwest Queensland, Australia. The new estimate shows a significant increase in resources, with a 34% rise in Indicated Resources and an 11% increase in Inferred Resources compared to the 2009 estimate. The project, which includes four deposits, now ranks as one of the largest undeveloped uranium deposits globally, with potential to become a top 10 uranium mine. The update supports the project’s long-term viability and its potential contribution to regional development and the nuclear power industry. Laramide plans to transition the project to a development phase, pending government support, while continuing exploration efforts to further expand the resource base.
More about Laramide Resources
Laramide Resources Ltd. is a uranium mine development and exploration company with a portfolio of globally significant projects. The company is listed on the TSX, ASX, and OTCQX markets, and focuses on developing uranium resources to support the nuclear power industry and the drive towards net zero emissions.
YTD Price Performance: -17.65%
Average Trading Volume: 186,905
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$139.7M
Find detailed analytics on LAM stock on TipRanks’ Stock Analysis page.