Laramide Resources Files NI 43-101 Technical Report for the Westmoreland Uranium Project
FOR IMMEDIATE RELEASE
September 3, 2026
Laramide Resources Files NI 43-101 Technical Report for the Westmoreland Uranium Project
Toronto, Canada – September 3, 2026 – Laramide Resources Ltd. (“Laramide” or the “Company”) (TSX: LAM; ASX:
LAM; OTCQX: LMRXF), is pleased to announce that, further to its news release dated July 22, 2026, the Company
has filed the independent National Instrument 43-101 (“NI 43-101”) Technical Report supporting the updated
Preliminary Economic Assessment (“PEA”) for its 100%-owned Westmoreland Uranium Project in Queensland,
Australia.
The Technical Report, titled “Westmoreland Uranium Project Preliminary Economic Assessment Update, National
Instrument 43-101 Technical Report”, has an effective date of July 22, 2026 and is available under the Company’s
issuer profile on SEDAR+.
The Technical Report supports the results of the updated PEA announced by Laramide on July 22, 2026. There are
no material differences between the Technical Report and the results previously disclosed by the Company.
Marc Henderson, President and Chief Executive Officer of Laramide, commented:
“The completion of the Westmoreland PEA comes at an important time for Australia's uranium industry. Australia is
entering a period in which secure mineral and energy supply is increasingly a matter of national economic and
strategic importance. The Federal Government has opened an important new market for Australian uranium through
its agreement with India, while Queensland is actively seeking investment to develop its world-class mineral
resources.
“As global demand grows and Australia looks to strengthen its role as a reliable supplier of energy and critical
resources, we believe there is a compelling case for Queensland's substantial uranium resources to be part of that
discussion. Queensland's current policy continues to prevent uranium development, and while we respect that any
change to that policy is a decision for the Queensland Government, at the same time, the conversation around
uranium in Australia is clearly evolving.
“Our objective is to ensure that Westmoreland is technically advanced and ready should the policy environment
change. Completing this updated PEA and filing the Technical Report is an important part of maintaining that
readiness.”
District-Scale Exploration and Growth Potential
The PEA considers only the currently reported Mineral Resources at the Redtree, Huarabagoo, Junnagunna and
Long Pocket deposits and does not attribute value to the broader exploration potential across the Westmoreland
district.
Laramide plans to undertake further exploration work at Westmoreland during 2026 and 2027, aimed at evaluating
opportunities to expand and enhance the existing resource base. Priority areas include potential resource
extensions and a number of satellite targets, including the Link Zone between Huarabagoo and Junnagunna,
Amphitheatre, Moogooma and U-Valley. The Company also continues to evaluate the broader regional potential,
including Mageera in the Northern Territory.
The PEA also assigns no value to the potential for gold or rare earth element mineralization associated with the
Westmoreland deposits, which remains at an early stage of assessment.
Accordingly, the updated PEA provides an economic assessment of the currently defined uranium resource and
mine plan, while ongoing exploration provides potential opportunities to extend or enhance the Project over time.
Preliminary Economic Assessment Cautionary Statement
The Preliminary Economic Assessment ("PEA") is preliminary in nature and includes Inferred Mineral Resources
that are considered too speculative geologically to have the economic considerations applied to them that would
enable them to be categorized as Mineral Reserves. There is no certainty that the results of the PEA will be realized.
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
The production target underpinning the PEA is based approximately 79% on Indicated Mineral Resources and 21%
on Inferred Mineral Resources. There is a low level of geological confidence associated with Inferred Mineral
Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral
Resources or that the production target or forecast financial information will be realized.
The capital and operating cost estimates presented in the PEA have been prepared to a Scoping Study level of
accuracy of approximately ±35%. Actual costs and project performance may differ materially from those estimated.
The Technical Report recommends that the Project advance to a Pre-Feasibility Study level of assessment.
The PEA has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral
Projects. The Mineral Resource Estimate underpinning the PEA has been reported in accordance with the CIM
Definition Standards incorporated by NI 43-101 and the 2012 Edition of the Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves (JORC Code) .
Qualified/Competent Person Review
The technical information in this news release has been prepared in accordance with the Canadian regulatory
requirements set out in NI 43-101. The information has been reviewed and approved by Rhys Davies, MGeo, MSc,
MAIG (RPGeo), FGS, a Qualified Person under the definition established by National Instrument 43-101 and JORC.
Mr. Davies is the Vice President Exploration of the Company and a Member of the Australasian Institute of
Geoscientists.
The information in this report that relates to Mineral Resources is based on, and fairly represents, information and
supporting documentation prepared by Mr. R. J. Siddle, MSc, MAIG Principal Resource Geologist for Addison
Mining Services Ltd, a Competent Person who is a Member and Chartered Professional of The Australasian Institute
of Geoscientists, MAIG(CP). Mr. Siddle is a full-time employee of Addison Mining Services Ltd . Mr. Siddle has
sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to
the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ Mr. Siddle consents to the
inclusion in the report of the matters based on his information in the form and context in which it appears.
The information in this report that relates to Mineral Processing and Infrastructure inputs into the Production Target
is based on information compiled by Ms Sandra (Sandy) Hunter, a Competent Person who is a Fellow and
Chartered Professional of The Australasian Institute of Mining and Metallurgy, FAusIMM(CP). Ms Hunter is a full-
time employee of Lycopodium (APAC) Pty Ltd. Ms Hunter has sufficient experience which is relevant to the style of
mineralisation and type of deposit under consideration and to the activities which she is undertaking to qualify as a
Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves”. Ms Hunter consents to the inclusion in this report of the matters based on
his information in the form and context in which it appears.
The information in this report that relates to Mining inputs into the Production Target is based on information
compiled by Mr. Anthony Stepcich, a Competent Person who is a Fellow and Chartered Professional of The
Australasian Institute of Mining and Metallurgy, FAusIMM(CP). Mr. Stepcich is an Associate of Mining Associates
Pty Ltd. Mr. Stepcich has sufficient experience which is relevant to the style of mineralisation and type of deposit
under consideration and to the activities which he is undertaking to qualify as a Competent Person as defined in
the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves”. Mr. Stepcich consents to the inclusion in this report of the matters based on his information in the form
and context in which it appears.
The information in this report that relates to Tailings inputs into the Production Target is based on information
compiled by Mr. Timothy Rowles, a Competent Person who is a Fellow and Chartered Professional (Environmental)
with The Australasian Institute of Mining and Metallurgy (FAusIMM, CP) and a Member and Registered Profession
Geoscientist (Geotechnical & Engineering) with the Australian Institute of Geoscientists (MAIG, RPGeo). Mr.
Timothy Rowles is a full-time employee of Knight Piésold Pty Limited. Mr. Rowles has sufficient experience which
is relevant to the style of mineralisation and type of deposit under consideration and to the activities which he is
undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Rowles consents to the inclusion in this report
of the matters based on his information in the form and context in which it appears.
This news release has been reviewed and approved on behalf of the Laramide Board by the Chief Executive Officer
of the Company.
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, 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 jurisdicƟons. The
company’s porƞolio comprises predominantly advanced uranium projects in districts with historical producƟon or
superior geological prospecƟvity. The assets have been carefully chosen for their size, produc Ɵon potenƟal, and
the two large development projects are considered to be late-stage, low-technical risk projects.
Forward-looking Statements and CauƟonary 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 the
management of the Company expect, are forward-looking statements. Forward-looking statements are frequently,
but not always, iden Ɵfied by words such as “expects”, “an Ɵcipates”, “believes”, “plans”, “projects”, “intends” ,
"esƟmates”, “envisages”, "potenƟal”, "possible”, “strategy”, “goals”, “objecƟves”, or variaƟons thereof or sta Ɵng
that certain acƟons, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or
the negaƟve of any of these terms and similar expressions. Ac tual results or developments may differ materially
from those in forward-looking statements. Laramide disclaims any intenƟon or obligaƟon to update or revise any
forward-looking statements, whether as a result of new informaƟon, future events or otherwise, save and except
as may be required by applicable securiƟes laws.
Since forward- looking informa Ɵon addresses future events and condi Ɵons, by their very nature they involve
inherent risks and uncertain Ɵes. Actual results could differ materially from those currently an Ɵcipated due to a
number of factors and risks. These include, but are not limited to, exploraƟon and producƟon for uranium; delays
or changes in plans with respect to exploraƟon or development projects or capital expenditures; the uncertainty of
resource esƟmates; health, safety and environmental risks; worldwide demand for uranium; uranium pri ce and
other commodity price and exchange rate fluctuaƟons; environmental risks; compeƟƟon; incorrect assessment of
the value of acquisi Ɵons; ability to access sufficient capital from internal and external sources; and changes in
legislaƟon, including but not limited to tax laws, royalƟes and environmental regulaƟons.