Laramide Resources Enhances Westmoreland Uranium Project Disclosures in Amended Annual Information Form
- Laramide Resources Ltd. amended its Annual Information Form to enhance disclosures for the Westmoreland Uranium Project.
- The 2016 Preliminary Economic Assessment was removed as it no longer meets Current Technical Report standards.
- Laramide maintains current mineral resource estimates, ensuring transparency and compliance with regulatory standards.
Laramide Resources Ltd. Enhances Disclosures for Westmoreland Uranium Project
Laramide Resources Ltd. recently announces an amended Annual Information Form (AIF) for the fiscal year ending December 31, 2024, following a review by the Ontario Securities Commission. This amended filing, which aligns with CSA Staff Notice 51-711, significantly enhances the disclosures related to its Westmoreland Uranium Project located in Queensland, Australia. The most notable change is the removal of references to the 2016 Preliminary Economic Assessment (PEA), previously known as the Westmoreland Scoping Study. Although the PEA was deemed technically sound, it no longer meets the standards of a Current Technical Report under National Instrument 43-101, prompting Laramide to make the necessary adjustments to its reporting.
The updated AIF maintains the current mineral resource estimates for the Westmoreland Project, which are substantiated by the latest NI 43-101 compliant technical report. Laramide emphasizes that these amendments do not materially affect its financial position or operating results. Furthermore, previously disclosed mineral resource estimates remain unchanged. The company underscores its commitment to transparency and compliance with regulatory standards, ensuring that stakeholders have access to accurate and relevant information about its projects and overall performance.
In addition to the updates regarding the Westmoreland Project, Laramide is actively focused on exploring high-quality uranium assets in Tier-1 jurisdictions. Currently, the company is exploring over 5,500 square kilometers in Kazakhstan's Chu-Sarysu Basin, where it seeks to identify potential roll-front deposits conducive to in-situ recovery. This strategic exploration initiative highlights Laramide's dedication to expanding its uranium portfolio, ensuring that it remains a competitive player in the growing nuclear energy sector.
Laramide's amended AIF and the corresponding updates to its corporate presentation are readily accessible on SEDAR+ and the company’s website, reinforcing its commitment to providing stakeholders with timely and comprehensive information. The focus on improving disclosure practices reflects Laramide's proactive approach to regulatory compliance, enhancing investor confidence as it navigates the evolving landscape of uranium exploration and development.