Laramide Resources Ltd. Secures Key Development Licence for Westmoreland Uranium Project

TORONTO, July 17, 2025 — In a significant development for the uranium sector, Laramide Resources Ltd. (TSX: LAM) has announced that its wholly-owned Australian subsidiary, Tackle Resources Pty Ltd, has been granted a Mineral Development Licence (MDL) for the Westmoreland Uranium Project in Queensland, Australia. This milestone marks a pivotal step forward in the company’s strategic focus on uranium exploration and development.

The Westmoreland Uranium Project, which has been at the forefront of Laramide’s operations, is now poised for further advancement following the receipt of the MDL. This licence is a crucial component in the project’s progression, enabling Laramide to move towards the next phases of development, including detailed resource estimation and potential production planning.

The announcement comes on the heels of Laramide’s recent amendments to its Annual Information Form (AIF) regarding the Westmoreland Project. These amendments, prompted by a review by the Ontario Securities Commission, reflect the company’s commitment to transparency and regulatory compliance. The adjustments were made to ensure that all disclosures accurately represent the current status and prospects of the project.

Despite the positive news surrounding the Westmoreland Project, Laramide’s financial metrics indicate a challenging environment. The company’s share price closed at 0.61 CAD on July 15, 2025, with a 52-week range between 0.83 CAD and 0.41 CAD. The market capitalization stands at 158.04 million CAD, and the price-to-earnings ratio is currently at -28.08, reflecting the company’s ongoing efforts to stabilize and grow its financial standing.

Laramide Resources Ltd., headquartered in Toronto, continues to focus on the acquisition, discovery, and development of uranium projects. The company’s strategic initiatives are centered around leveraging its expertise in the energy sector to capitalize on the growing demand for uranium, driven by the global shift towards cleaner energy sources.

As Laramide moves forward with the Westmoreland Uranium Project, stakeholders and investors will be closely monitoring the company’s progress. The successful acquisition of the MDL is a testament to Laramide’s resilience and strategic vision, positioning the company as a key player in the uranium industry.

For more information on Laramide Resources Ltd. and its projects, visit their website at www.laramide.com .

This article provides an overview of the recent developments at Laramide Resources Ltd., highlighting the significance of the Mineral Development Licence for the Westmoreland Uranium Project and the company’s ongoing efforts to navigate the financial and regulatory landscape.