Laramide Resources Gains as La Jara Mesa Project Receives Strategic Permitting Boost

Key Highlights:

• La Jara Mesa Uranium Project gains U.S. Critical Minerals designation
• Federal permitting fast-tracked under Executive Order 13817
• Project holds 7.26 million pounds of uranium (Measured and Indicated)
• Stock price rises 1.47% following announcement

Shares of Laramide Resources Ltd. (TSX: LAM, ASX: LAM, OTCQX: LMRXF) edged up 1.47% to CAD $0.69 during early trading today after the company announced that its flagship La Jara Mesa Uranium Project had received priority designation under the U.S. Federal Permitting Dashboard. This strategic status, granted under Executive Order 13817, underscores the importance of domestic uranium production to U.S. national security and energy independence.

The stock opened the session at CAD $0.68, trading between a daily low of $0.66 and a high of $0.70, on volume of approximately 92,164 shares compared to its average daily volume of 256,430 shares. Laramide maintains a current market capitalization of CAD $172.09 million, trading within its 52-week range of $0.41–$0.89. Analysts maintain a bullish outlook, projecting a one-year target price of CAD $1.45.

Marc Henderson, President and CEO of Laramide, called the new federal priority designation a "meaningful milestone," highlighting its significance for advancing domestic uranium supply. "The improved permitting framework will offer stakeholders greater transparency and coordination, streamlining the path to eventual production," Henderson noted.

Located in New Mexico's historically prolific Grants Mineral Belt, La Jara Mesa holds a substantial uranium resource totaling 7.26 million pounds of U3O8 (Measured and Indicated) at an average grade of 0.23%, alongside an additional inferred resource of 3.17 million pounds. The project’s elevated strategic status is part of an ongoing push by U.S. policymakers to reduce reliance on foreign uranium amid escalating geopolitical tensions and rising energy demands.

With the U.S. Forest Service currently preparing an Environmental Impact Statement (EIS) under the National Environmental Policy Act (NEPA), La Jara Mesa is poised to benefit significantly from the increased transparency and efficiency facilitated by its new dashboard status. The designation is likely to attract increased investor attention, given the current bullish environment for uranium driven by global decarbonization initiatives and nuclear power growth.

Laramide continues to diversify internationally, with substantial exploration activities in Kazakhstan’s prolific Chu-Sarysu Basin, further positioning the company strategically within the global uranium market.

Today’s market reaction underscores investors' positive reception of the news, recognizing both the long-term potential of La Jara Mesa and the strategic importance of uranium as a critical mineral for the United States.