Laramide's La Jara Mesa Uranium Project Designated for U.S. Federal Permitting Priority Under U.S. Critical Minerals Initiative
Laramide's La Jara Mesa Uranium Project
Designated for U.S. Federal Permitting Priority
Under U.S. Critical Minerals Initiative
TORONTO
,
May 5, 2025
/CNW/ -
Laramide Resources Ltd.
(
"Laramide"
or the
"Company"
)
(TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), is pleased to announce that its wholly owned La Jara
Mesa Uranium Project, located in the Grants Mineral Belt of
New Mexico
, has been added to the
U.S. Federal Permitting Dashboard. This designation, made under Executive Order 13817 to ensure
reliable supplies of critical minerals, identifies La Jara Mesa's strategic importance to domestic
uranium production.
The inclusion of La Jara Mesa on the Federal Permitting Dashboard is part of a second wave of
critical mineral production projects submitted under President Trump's Executive Order for increasing
American mineral production. This designation enhances transparency and accountability by making
environmental review timelines publicly accessible through the Dashboard. The public tracking
system enables government, industry, and community stakeholders to monitor progress and ensures
a more efficient and coordinated permitting process.
"We are very pleased that La Jara Mesa has been recognized as a priority critical minerals project
and included on the U.S. federal Permitting Dashboard," said
Marc Henderson
, President and CEO
of Laramide Resources. "This designation is a meaningful milestone that reflects both the strategic
value of uranium to U.S. energy security and the importance of developing domestic sources of
supply. The enhanced transparency and coordination process will facilitate an efficient path forward
to advancing La Jara Mesa to production."
About La Jara Mesa
The
La Jara Mesa Uranium Project
is a significant development-stage asset owned by Laramide
Resources Ltd., situated in the prolific Grants Mineral Belt of
Cibola County, New Mexico
. This
sandstone-hosted uranium deposit lies approximately 10 miles northeast of the town of Grants,
within the Mount Taylor Ranger District of the Cibola National Forest.
The project has a National Instrument 43-101 compliant mineral resource estimate of approximately
7.26 million pounds of U
O
in the Measured and Indicated categories, contained within 1.56 million
tons at an average grade of 0.23% U
O
. Additionally, there are 3.17 million pounds of U
O
in the
Inferred category, within 793,161 tons at an average grade of 0.20% U
O
.
Laramide has been actively progressing through the permitting process. The U.S.
Forest Service
is
preparing an Environmental Impact Statement (EIS) in accordance with the National Environmental
Policy Act (NEPA) to assess the development of an underground uranium mine and associated
surface facilities.
Follow us on Twitter @LaramideRes
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 km
2
of the prolific Chu-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 the management of the Company expect, 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 addresses 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 sources; and
changes in legislation, including but not limited to tax laws, royalties and environmental
regulations.
SOURCE
Laramide Resources Ltd.
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For further information:
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
CO: Laramide Resources Ltd.
CNW 10:19e 05-MAY-25