Enter center stage Laramide Resources (LAM.TO or LMRXF) who owns the Westmoreland Project in Queensland, Australia. This is probably one of the few world class projects that could come into production in control of a junior miner on the North American exchanges. Laramide traded once at $15+ per share and still had to deal with a ban on uranium mining from the Queensland Government Now the stock trades below $.60 and the Queensland Government announced the decision to allow uranium mining. This decision has a huge impact on Laramide Resources ability to permit and construct the mine.
When Laramide brings Westmoreland into production it could be one of the largest producers in Australia. Laramide could provide Asian nations and India with a stable, secure supply of uranium and not be dependent on Kazakhstan as the Westmoreland project is one of the largest uranium deposits in the hands of a junior resource miner. The asset has a NI 43-101 resource of over 50 million pounds near surface. The project was previously owned by Rio Tinto who did a lot of metallurgical and exploratory work on the project.
In addition, to the world class Westmoreland Project, Laramide has U.S. assets in New Mexico and Utah. The recent acquisition by Energy Fuels of Denison's U.S. assets and Strathmore may bode well for Laramide as interest is picking up for these properties. I recently invested in Laramide and the company has come on as a sponsor as I believe they will create a lot of value for my subscribers over the next two years.
I expect to hear positive developments and news coming out of both Laramide's Westmoreland and U.S. assets. The recovery of the uranium miners and the spot price could boost the value in Laramide which is trading at almost half of it book value. .
Disclosure: Author/Interviewer owns LAM and company is a website sponsor.
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