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The latest update is out from Laramide Resources ( (TSE:LAM) ).
Laramide Resources announced the full conversion of a USD $3.5 million convertible debt held by Extract Advisors LLC, which was converted at CDN $0.40. Additionally, Boss Energy increased its stake in Laramide to 18.4%, citing the potential of Laramide’s Westmoreland Project in Queensland. This investment is seen as a strong endorsement of the project’s potential, especially with the possibility of policy changes under the new Queensland government that could permit uranium mining. Laramide is also expanding its resource estimates and initiating exploration in Kazakhstan, which could enhance its strategic positioning in the uranium market.
More about Laramide Resources
Laramide Resources Ltd. is a uranium mine development and exploration company focused on high-quality uranium assets in Tier-1 jurisdictions. The company’s portfolio includes advanced uranium projects in historically productive districts and strategic exploration in Kazakhstan, targeting world-class roll-front deposits suitable for in-situ recovery.
YTD Price Performance: -16.18%
Average Trading Volume: 198,262
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$142.2M
See more insights into LAM stock on TipRanks’ Stock Analysis page.