ORLANDO, Fla., June 09, 2022 (GLOBE NEWSWIRE) — Not too long ago, we started covering Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) which holds diversified uranium assets strategically positioned in the United States and Australia that were chosen for their low-cost production potential. If you are new to history, world events have changed the uranium marketwhich renewed interest in uranium exploration in the United States and increased interest in Australia, already a major international producer.
It goes without saying that when macroeconomic or geopolitical events occur and it appears that the market value of a product is about to improve, there can be reciprocal actions for s ‘involve, buy land or fields to farm or cultivate for this real or perceived opportunity.
Then there are those who are already there, ready for the present moment.
This is the case of Laramide which has just announced “the start of a diamond drilling program on its Westmoreland uranium project in Queensland, Australia”.
Here is a link to the full version.
According to the statement, “The current phase of Australia’s 2022 drilling program focuses on initial testing of a potential satellite deposit called the Amphitheater prospect (“Amphitheatre”), which is located approximately 16.5 km NE of the Junnagunna deposit, one of three mineralized zones that make up the Westmoreland Mineral Resource.
For us, this is a possible turning point for Laramide as they formally begin to return to Earth. Laramide President and CEO Marc Henderson notes the significance of the moment in the release:
“We are delighted to be actively drilling and exploring again in Australia and have been encouraged by the dramatic improvement in the price of uranium, which is finally beginning to reflect the very tight supply and demand fundamentals in the The broader energy supply constraints, renewed focus on security of energy supply, including where the supply is coming from, and emphasis on the transition to clean energy generation are expected to contribute fundamentals of uranium mining prices.
Laramide’s return to the field in Australia is certainly worth watching in a global market such as this.
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