LAM.TO · 2025-07-31 12:00:00

Laramide Resources Announces Closing of Upsized $12,000,000 Private Placement

Financings

July 31, 2025

TORONTO, Canada – July 31, 2025 – Laramide Resources Ltd. (“Laramide” or the “Company”) (TSX: LAM; ASX:

LAM; OTCQX: LMRXF), a uranium mine development and exploration company with globally signiﬁcant assets in

the United States and Australia, is pleased to announce that, further to its press releases of June 30, 2025 and July

7, 2025, it has completed its non-brokered private placement through the issuance of 20,000,000 common shares

of the Company (the “ Common Shares”) at a price of $0.60 per Common Share (the “ Oﬀering Price”) for gross

proceeds of $12,000,000.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45 -

106 - Prospectus Exemptions ("NI 45-106"), the Common Shares were oﬀered for sale to purchasers resident in

Canada and/or other qualifying jurisdictions pursuant to the listed issuer ﬁnancing exemption under Part 5A of NI

45-106 (the "Listed Issuer Financing Exemption" ). Because the Oﬀering was completed pursuant to the Listed

Issuer Financing Exemption, the Common Shares issued pursuant to the Oﬀering are not subject to a hold period

pursuant to applicable Canadian securities laws.

Red Cloud Securities Inc., and SCP Resources Finance LP acted a s advisors in connection with the Oﬀering and

PowerOne Capital Markets Limited acted as ﬁnders in connection with a portion of the Oﬀering. The Company will

use the gross proceeds of the Oﬀering to advance late-stage US permitting initiatives, working capital, and general

corporate purposes. In connection with the closing of the Oﬀering, the Company paid certain eligible persons a

cash commission in the amount of $451,450 and issued 760,750 broker warrants (each, a “Broker Warrant”) equal

to 5% of the number of securities issued pursuant to the Oﬀering. Each Broker Warrant entitles the holder thereof

to acquire one Common Share at a price of $0.60 per Common Share for a period of two (2) years from the closing

of the Oﬀering.

The Oﬀering constituted a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and

Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") as

insiders of the Company acquired an aggregate of 3,428,567 Common Shares pursuant to the Oﬀering. The

Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI

61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a speciﬁed market

and the fair market value of the participation in the Oﬀering by the insider does not exceed 25% of the market

capitalization of the Company in accordance with MI 61-101. The Company did not ﬁle a material change r eport

in respect of the related party transaction at least 21 days before the closing of the of the Oﬀering, which the

Company deems reasonable in the circumstances in order to complete the Oﬀering in an expeditious manner.

The securities referred to in this news release have not been and will not be registered under the United States

Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be oﬀered

or sold within the United S tates or to, or for the account or beneﬁt of, "U.S. Persons" (as such term is deﬁned in

Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the

registration requirements of the U.S. Securities Act. This ne w s r e l e a s e d o e s n o t c o n s ti t u t e a n o ﬀ e r f o r s a l e o f

securities for sale, nor a solicitation for oﬀers to buy any securities. Any public oﬀering of securities in the United

States must be made by means of a prospectus containing detailed information about the company and

management, as well as ﬁnancial statements.

To learn more about Laramide, please visit the Company’s website at www.laramide.com or contact:

Marc Henderson, President and CEO

Toronto, Canada +1 (416) 599 7363

Ann Baines, Director, Investor Relations

Toronto, Canada +1 (647) 832-9904

About Laramide Resources Ltd.

Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions. The

company’s portfolio comprises predominantly advanced uranium projects in districts with historical production

or superior geological prospectivity. The assets have been carefully chosen for their size and production potential,

and the two large development projects are considered to be late -stage, low -technical risk projects. As well,

Laramide has expanded its pipeline with strategic exploration in Kazakhstan where the company is exploring over

5,500 km2 of the prolific C hu-Sarysu Basin for world -class roll -front deposits which are amenable to in-situ

recovery.

Forward-looking Statements and Cautionary Language

This release includes certain statements that may be deemed to be “forward-looking statements”. All statements

in this release, other than statements of historical facts, that address events or developments that management

of the Company expect s, are forward -looking statements. Forward- looking statements are frequently, but not

always, identiﬁed by words such as “expects”, “anticipates”, “believes”, “plans”, “projects”, “intends”, "estimates”,

“envisages”, "potential”, "possible”, “strategy”, “goals” , “objectives”, or variations thereof or stating that certain

actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative

of any of these terms and similar expressions. Actual results or developments may diﬀer materially from those in

forward-looking statements. Laramide disclaims any intention or obligation to update or revise any forward-

looking statements, whether as a result of new information, future events or otherwise, save and except as may

be required by applicable securities laws.

Since forward-looking information address future events and conditions, by their very nature they involve inherent

risks and uncertainties. Actual results could diﬀer materially from those currently anticipated due to a number of

factors and risks. These include, but are not limited to, exploration and production for uranium; delays or changes

in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource

estimates; health, safety and environmental risks; worldwide demand for uranium; uranium price and other

commodity price and exchange rate ﬂuctuations; environmental risks; competition; incorrect assessment of the

value of acquisitions; ability to access suﬃcient capital from internal and external sourc es; and changes in

legislation, including but not limited to tax laws, royalties and environmental regulations.

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