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2026-11-06
◂ Monitor LAM Australian Securities Exchange

Laramide Resources Ltd.

Scoping Study Developer · Uranium · Australia · United States · Sweden Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.44
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$128.8M
EV
—
Cash
C$994.2K
Debt
C$1.5M

Funding, performance and ownership

Financials & Capital

As of 2026-06-30
Cash C$994.2K Finite
Debt C$1.5M Net cash C$-505.8K
Basic shares 292.8M 2026-08-14
Runway 0.55 quarters June cash C$0.994m divided by six-month cash use in operations and investing of C$3.529m, or C$1.765m per quarter, yields 0.56 quarters before the August C$5.01m gross placement; post-placement cash is modeled separately in the equity bridge.

Liquidity

Financial position

June working-capital deficiency was C$1.238m, with C$0.949m current investments, C$1.5m Extract debt and C$2.2m undrawn facility. August placement relieved near-term liquidity but mine construction, licence spending, debt maturity and possible resource milestones remain funding risks.

Capital structure

Ownership and dilution

Ordinary shares
292.8M
Fully diluted
307.4M

Issuer MD&A dated 14 August gives 292,756,500 issued shares after 8,350,000 placement shares and 503,216 Swedish consideration shares (283,903,284 earlier share count plus both issues). Adding 13,025,000 options and 1,650,575 warrants gives 307,432,075 gross fully diluted securities; exercise proceeds are not assumed.

Security classes3
ClassTypeQuantityStrikeExpiry
Common shares, including one-for-one ASX CDIsOrdinary Share292.8M——
Outstanding employee and director optionsOption13M——
Outstanding warrants across seriesOption1.7M——
Company guidance2
MetricProjectPeriodLowHighStatus
Pea Average Annual Production In Years 2 10westmorelandyears 2-10 of the proposed mine plan4,900,0004,900,000 lb U3O8/yearCurrent
Pea Annual Processing Throughputwestmorelandsteady-state proposed operation2,900,0002,900,000 tonnes/yearCurrent

Capital history

Capital events

5 events · newest first
DateEventAmountSharesPriceStatusTerms
2026-08-14RaisingC$300K503.2K—Completed—
2026-08-13Ann. 2026-08-11RaisingC$5M8.4M—Completed—
2025-07-31RaisingC$12M20M—Completed—
2025-03-12DebtC$5.1M12.6M—Completed—
2023-11-16Ann. 2023-11-10RaisingA$12M20M—Completed—

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Partial · as of 2026-09-26

Latest June MD&A, July PEA and original Indigenous agreement establish the material disclosed terms; detailed private royalty and Indigenous commercial terms are not public.

One percent private Royal Gold royalty capped at A$10 million indexed; the current Westmoreland PEA already includes it in project economics.

Royalty · Active
Counterparties
Royal Gold
Applies to
Westmoreland Uranium Project · Uranium
Economic direction
Burden
Period
Dates not stated
Key terms
private royalty: 1 percent of revenue
indexed cap: 10,000,000 AUD
How it affects our valuation

No valuation treatment is available for this arrangement.

Extract receives US$0.50 per pound from Laramide-owned projects; after debt repayment Laramide can repurchase the fee for C$2 million.

Royalty · Active
Counterparties
Extract Advisors LLC
Applies to
Westmoreland Uranium Project · Churchrock ISR Uranium Project · Crownpoint Uranium Project and Central Processing Plant Site · La Jara Mesa Uranium Project · La Sal Uranium Project · Murphy Uranium Project · Kläppibäcken Uranium Exploration Licences · Kaivaive 103 Uranium Exploration Licence · Uranium
Economic direction
Burden
Period
Dates not stated
Key terms
production fee: 0.5 USD/lb U3O8
repurchase after debt repayment: 2,000,000 CAD
How it affects our valuation

No valuation treatment is available for this arrangement.

Registered Indigenous agreement provides MDL consent and stakeholder benefits; separate mining lease negotiations remain a development gate.

Strategic Partnership · Active
Counterparties
Gangalidda & Garawa Native Title Aboriginal Corporation
Applies to
Westmoreland Uranium Project · Uranium
Economic direction
Mixed
Period
From 2022-11-29; no end date stated
Key terms
MDL consent: —
employment and cultural heritage benefits: undisclosed financial value
How it affects our valuation

No valuation treatment is available for this arrangement.

Swedish acquisition carried C$250,000 near-term cash consideration and C$400,000 contingent resource milestones; payment confirmation after 31 August is not available.

Other · Active
Counterparties
Gilpas Resources
Applies to
Kläppibäcken Uranium Exploration Licences · Kaivaive 103 Uranium Exploration Licence · Uranium
Economic direction
Burden
Period
From 2026-08-14; no end date stated
Key terms
cash outstanding at announcement: 250,000 CAD
payment at 5 Mlb resource: 150,000 CAD
payment at 10 Mlb resource: 250,000 CAD
How it affects our valuation

No valuation treatment is available for this arrangement.