Laramide Resources Ltd. has completed its non-brokered private placement, issuing 8,350,000 common shares to a strategic investor at $0.60 per share to raise gross proceeds of $5,010,000.

The funds will be allocated directly toward working capital and general corporate purposes. All securities issued under the offering carry a statutory hold period of four months plus a day from the date of issuance, alongside applicable resale rules under securities legislation. Closing of the arrangement was conditional upon receipt of necessary regulatory approvals, including formal clearance from the Toronto Stock Exchange.

Laramide maintains a portfolio of advanced uranium development and exploration assets situated across Tier-1 jurisdictions in the United States and Australia.

The financing coincides with broader sector conditions that saw uranium trade at $87.25 per pound, representing a 2.47% increase over the 30-day period ended August 13, 2026.

Read the full announcement: Laramide Resources Announces Closing of $5 Million Private Placement with a Strategic Investor