Laramide Resources

Marc Henderson has served as President and CEO of Laramide Resources since 2005, providing over two decades of continuity in the uranium sector. John Booth holds the Chairman role. This tenure spans the full post-Fukushima uranium bear market through the current Western nuclear renaissance, meaning the leadership team has managed the same asset base through a complete commodity cycle.

Laramide is a pure-play uranium developer. The firm holds no lithium, rare earths, copper, cobalt, or other energy transition mineral assets — its entire resource base is U3O8 across two jurisdictions. This makes it one of the few remaining publicly traded vehicles offering undiluted exposure to the uranium spot and term-price cycle.

The November 2024 receipt of the EPA Class V Underground Injection Control permit for Churchrock was the final federal regulatory hurdle for the ISR field. With this permit in hand, the project is now positioned to proceed toward construction and production subject to state-level authorization and financing. The permit represents the culmination of years of regulatory engagement and is a material de-risking event for the asset.

Laramide's US assets — Churchrock and Crownpoint in New Mexico — are sandstone-hosted deposits designed for in-situ recovery (ISR), a low-surface-disturbance mining method. Its Australian asset, Westmoreland in Queensland, is a hard-rock unconformity deposit requiring conventional mining. This dual-method, two-jurisdiction structure provides diversification across regulatory regimes and extraction technologies.

Laramide is an owner-operator developer, not a streamer or royalty aggregator. It holds 100% ownership of its mineral properties and carries them on its balance sheet. Streaming companies like Wheaton Precious Metals provide upfront capital to operators in exchange for a percentage of future production; Laramide sits on the operator side of that equation, holding the underlying asset directly and bearing the full permitting, development, and operational risk — and upside.

The firm reported 51.7 million pounds of U3O8 in measured and indicated resources as of its 2023 annual filings, split between the US and Australian projects. To contextualize: a typical 1,000-megawatt nuclear reactor consumes roughly 500,000 to 600,000 pounds of U3O8 per year. Laramide's resource base is large enough to fuel approximately one reactor for a century, making it a meaningful component of any Western utility's long-term supply diversification plan.

As a publicly traded junior developer, Laramide has historically signaled openness to strategic partnerships on individual projects — particularly Westmoreland in Australia — to accelerate development timelines without diluting shareholders. The firm has not publicly committed to a standalone production path and has engaged with potential strategic partners in the past. The Churchrock permitting progress strengthens the firm's bargaining position in any such negotiation.