Laramide Resources Upsizes Private Placement to 20 Million Shares at A$0.60 per Share.

Laramide Resources Ltd. has upsized its private placement to 20 million shares at A$0.60 per share. The company is focused on uranium exploration and development in Australia, the US, and Kazakhstan, with a portfolio of advanced uranium projects including the Westmoreland Uranium project in Australia and the Crownpoint-Churchrock Uranium Project in the US.

Laramide Resources Ltd. has announced an upsized non-brokered private placement offering, increasing the number of common shares from 10 million to 20 million at A$0.60 per share. The new offering aims to raise up to $12 million in gross proceeds [1]. The company plans to use these funds for advancing late-stage U.S. permitting initiatives, working capital, and general corporate purposes [1].

The private placement is being conducted under the Listed Issuer Financing Exemption, which allows the shares to be sold to purchasers resident in Canada and/or other qualifying jurisdictions without being subject to a hold period under Canadian securities laws [1]. The offering is scheduled to close on or about July 16, 2025, subject to regulatory approvals, including the approval of the Toronto Stock Exchange [1].

Laramide Resources is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions, including Australia, the United States, and Kazakhstan. The company's portfolio comprises predominantly advanced uranium projects, such as the Westmoreland Uranium project in Australia and the Crownpoint-Churchrock Uranium Project in the United States [1].

The company has filed an amended and restated offering document, which can be accessed on SEDAR+ at www.sedarplus.ca and on the company's website at www.laramide.com. Prospective investors are encouraged to review this document before making an investment decision [1].

References:
[1] https://laramide.com/laramide-resources-announces-upsize-to-private-placement/
[2] https://www.stocktitan.net/news/LMRXF/laramide-resources-announces-upsize-to-private-q3em3wji0p1v.html