Laramide

What Laramide does

Laramide Resources Ltd. is a Canadian-domiciled, publicly listed junior uranium mine development and exploration company (TSX:LAM, ASX:LAM, OTCQX:LMRXF) headquartered in Toronto with an engineering and development office in Brisbane, Australia. The company holds five core uranium projects across Tier-1 jurisdictions: the Churchrock-Crownpoint ISR project in New Mexico (existing NRC license, FAST-41 Covered Project status), the La Jara Mesa underground project in New Mexico, the La Sal conventional underground project in Utah, the flagship Westmoreland uranium project in Queensland, Australia (65.8 million pounds U3O8 across Indicated and Inferred categories), and the Murphy exploration project in Australia's Northern Territory under a farm-in with Rio Tinto Exploration. Technical methods include In-Situ Recovery (ISR) and conventional underground mining, supported by diamond drilling, airborne geophysical surveys, and metallurgical studies.

The company's business model is structured around eventual uranium sales to nuclear power utilities and electricity generators under long-term supply contracts or spot market pricing, supplemented by near-term toll milling revenue from a 2013 agreement with Energy Fuels Inc. for processing La Sal II ore at the White Mesa Mill, and a passive sliding-scale gross revenue royalty (5%-25%) on ISR properties in New Mexico's Grants Mineral District owned by Uranium Resources Inc. Capital is raised through non-brokered private placements to institutional and sophisticated investors on TSX and ASX; equity placements since 2011 have totaled over C$30 million including an A$12M placement in November 2023 and an upsized C$12M placement announced in February 2026. As of the input data, Laramide is pre-revenue with no commercial uranium production.

Laramide's go-to-market posture emphasizes regulatory advancement and Tier-1 jurisdictional quality as competitive differentiators, with strategic positioning tied to structural uranium demand growth (438 reactors operating globally, 71 under construction, projected 28% demand increase by 2030, and US policy initiatives to quadruple domestic nuclear capacity by 2050). The company exited its Kazakhstan greenfield exploration option in January 2026 due to adverse government policy changes, redirecting capital toward development-stage assets in New Mexico and Queensland.

Name

Laramide

Legal name

Laramide Resources Ltd.

Website

https://laramide.com

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

1–10 employees

Short description

Laramide Resources Ltd. is a Toronto-headquartered, publicly listed junior uranium mine developer and explorer advancing five Tier-1 uranium projects in the United States (New Mexico, Utah) and Australia (Queensland, Northern Territory), targeting future sales to nuclear power utilities under long-term contracts.

Ownership category

akta.pro rank

Product category

Uranium Mining and Exploration

akta.pro primary industry

Uranium Exploration & Resource Development (EUAKACAA)

Keywords

• Uranium mining
• Uranium exploration
• ISR extraction
• Nuclear fuel supply
• Mineral resource development

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Uranium Sales: Once production commences, Laramide will generate revenue by selling uranium extracted from its mines (Westmoreland, Churchrock-Crownpoint, La Sal, La Jara Mesa) to nuclear power utilities and electricity generators under long-term supply contracts or spot market sales.
2. Toll Milling Revenue: Laramide has entered into a toll milling agreement with Energy Fuels Inc., whereby the White Mesa Mill processes material produced at La Sal II in Utah. Laramide pays milling costs, a capital charge, and a toll milling fee per ton of ore, partly linked to the long-term uranium price. This provides near-term production visibility without requiring own milling infrastructure.
3. Royalty Income from Churchrock Properties: Laramide holds a sliding-scale gross revenue royalty (5%-25% depending on uranium prices) on ISR uranium properties in the Grants Mineral District of New Mexico owned by Uranium Resources Inc. At current uranium prices (~$61.50/lb), the royalty rate is approximately 15.9%, generating passive income as production commences at Section 8 and adjacent areas.
4. Strategic Equity Positions and Royalty Portfolio: Laramide holds strategic equity positions and a portfolio of uranium royalties in the Grants Mineral District of New Mexico, providing additional geographic diversification and uranium exposure for shareholders.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Laramide Resources Ltd. is a uranium mine development and exploration company focused on acquiring, discovering, and developing premium uranium assets in Tier-1 jurisdictions (USA and Australia). The company holds five core uranium projects spanning ISR and conventional mining methods, with a goal of producing uranium for nuclear power generation and clean electricity. Once in production, the company will sell uranium to nuclear utilities, supplemented by toll milling and royalty income.

Product overview

Laramide Resources Ltd. is a uranium mine development and exploration company offering a portfolio of advanced-stage uranium projects in Tier-1 jurisdictions. The company operates five core projects across Australia and the United States: Crownpoint-Churchrock (ISR uranium in New Mexico), La Jara Mesa (underground mining in New Mexico), and La Sal (conventional mining in Utah) in the USA; and Westmoreland and Murphy (exploration and development) in Australia. The company focuses on producing uranium responsibly to contribute to nuclear power generation for clean electricity production.

Differentiator

Problem solved

Functional benefit

Products and services

• Crownpoint-Churchrock Uranium Project A large, late-stage In-Situ Recovery (ISR) uranium development asset located in McKinley County, New Mexico, with an existing NRC license and FAST-41 Covered Project status. Represents one of the largest uranium resources in the United States. Designed for nuclear power utilities seeking domestic uranium supply.
• La Jara Mesa Uranium Project Late-stage permitting project for underground uranium production in the Grants Mineral Belt in Cibola County, New Mexico. Contains NI 43-101 compliant Measured and Indicated resources totaling approximately 7.26 million pounds U3O8 plus Inferred resources of 3.17 million pounds U3O8.
• La Sal Uranium Project Underground conventional Colorado Plateau uranium asset located in San Juan County, Utah, approximately 55 miles from Energy Fuels' White Mesa Mill. Holds a Bulk Sample Permit and BLM Record of Decision. Near-term production pathway via toll milling arrangement with Energy Fuels.
• Westmoreland Uranium Project One of the largest development-stage uranium resources in Australia, located in Northwest Queensland. Currently has a Mining Development Licence and updated PEA underway. Total resource of 65.8 million pounds U3O8 (48.1M Indicated at 770 ppm plus 17.7M Inferred at 680 ppm), with potential production of 4-5 million pounds U3O8 per annum.
• Murphy Uranium Project Large uranium exploration asset situated in the Northern Territory of Australia, adjacent to the Westmoreland Uranium Project. Part of the Murphy Uranium Province with historical high-grade uranium production in the 1950s. Six tenements covering 1,115 km2, with fixed wing airborne geophysical surveys identifying exploration targets.
• Churchrock Uranium Royalty Portfolio A sliding-scale gross revenue royalty (5%-25% depending on uranium prices) on ISR uranium properties in the Grants Mineral District of New Mexico owned by Uranium Resources Inc. At uranium prices around US$61.50/lb, the royalty rate is approximately 15.9%, generating passive income as production commences.

Quantifiable outcome

• 65.8 million pounds U3O8 total resource at Westmoreland (48.1M Indicated + 17.7M Inferred) at 770 and 680 ppm respectively, with potential production of 4-5 million pounds per annum
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Uranium Resources Inc. (URI)coreStrategic or Co-development Partner · 10 November 2015Laramide entered a binding Letter of Intent with Uranium Resources Inc. to acquire 100% of an advanced stage portfolio of high-quality ISR projects in New Mexico, including the Churchrock-Crownpoint Uranium Project. This acquisition transformed Laramide from a royalty holder into the operator and owner of one of the largest uranium resources in the United States, with an existing NRC license.
• Energy Fuels Inc.coreStrategic or Co-development Partner · 18 January 2013Laramide entered a two-year toll milling agreement (with optional three-year extension) with Energy Fuels Inc. for processing all material produced from the La Sal II Uranium Mine Project in Utah at Energy Fuels' White Mesa Mill. Laramide pays milling costs, a capital charge, and a toll milling fee per ton of ore, partly linked to the long-term uranium price. The agreement accommodates additional ore production once La Sal II is permitted for full production. The test phase allows processing of up to 20,000 tons of ore.
• Rio Tinto Exploration Pty Limited (RTX)coreStrategic or Co-development Partner · 12 May 2011Laramide entered a Binding Farm-In and Joint Venture agreement with Rio Tinto Exploration for six strategically located uranium tenements in the Northern Territory of Australia, covering 1,115 km2 in the highly prospective Murphy Uranium Province. The tenements are along strike from Laramide's flagship Westmoreland Project in northwest Queensland. Laramide can earn 51% interest by expending AUD$10 million over a 4-year period on exploration and development, with the first AUD$1 million as a firm commitment for an airborne geophysical survey. All conditions precedent, including traditional landowner approvals, were completed in November 2012, and exploration programs commenced.
• Hartz Range Mines Pty Ltd (subsidiary of Gulf Mines Ltd.)minorStrategic or Co-development Partner · 12 May 2011Laramide conducted exploration for Westmoreland-style uranium mineralization on EL 10335 in the Northern Territory under a joint venture agreement with Hartz Range Mines Pty Ltd. A planned 1,000m of diamond drilling was undertaken to test three structural targets in the Westmoreland Sandstone beneath 20 to 60m of basalt cover. In October 2014, Laramide entered a Sale Purchase Agreement to acquire 100% of the Gulf JV tenement EL 29898 from Gulf Copper Pty Ltd, consolidating its interest in the Westmoreland district.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

• Xtwitter.com/LaramideRes
• LinkedInlinkedin.com/company/laramide-resources-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds8 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Laramide