Laramide Resources Announces $5 Million Private Placement with a Strategic Investor

Q: How many shares and at what price is Laramide Resources (LMRXF) issuing in its private placement?

Laramide Resources is issuing 8,350,000 common shares at $0.60 per share in the private placement. According to Laramide, this will generate gross proceeds of $5,010,000 , before expenses and subject to receipt of required regulatory and TSX approvals.

Q: What will Laramide Resources use the $5,010,000 private placement proceeds for?

Laramide Resources plans to use the $5,010,000 in gross proceeds for working capital and general corporate purposes. According to Laramide, the funds will support ongoing corporate needs rather than being earmarked for a specific disclosed project or acquisition.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

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Rhea-AI Summary

Laramide Resources (OTCQX: LMRXF) announced a non-brokered private placement of 8,350,000 common shares at $0.60 per share for gross proceeds of $5,010,000 with a strategic investor. All securities will be subject to a hold period of four months plus one day under applicable securities laws.

According to Laramide, proceeds will be used for working capital and general corporate purposes. Closing of the Offering is conditional on receiving necessary regulatory and other approvals, including approval from the Toronto Stock Exchange.

Positive

$5,010,000 in gross proceeds to support working capital and corporate purposes
Non-brokered private placement of 8,350,000 shares at $0.60 with a strategic investor

Negative

Equity issuance of 8,350,000 new common shares creates shareholder dilution
Closing remains subject to regulatory and other approvals, including TSX approval

AI-generated analysis. How Rhea-AI works. Not financial advice.

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08/11/2026 - 07:00 AM

Toronto, Ontario--(Newsfile Corp. - August 11, 2026) - Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) ("Laramide" or the "Company"), a uranium mine development and exploration company with significant projects in the United States and Australia, is pleased to announce a non-brokered private placement of 8,350,000 common shares in the capital of the Company (each, a "Common Share") at a price of $0.60 per Common Share for gross proceeds $5,010,000 (the "Offering") with a strategic investor.

All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The Company will use the gross proceeds of the Offering for working capital and general corporate purposes. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the Toronto Stock Exchange.

To learn more about Laramide, please visit the Company's website at www.laramide.com or contact:

Marc Henderson, President and CEO
Toronto, Canada +1 (416) 599 7363

Ann Baines, Director, Investor Relations
Toronto, Canada +1 (647) 832-9904

About Laramide Resources Ltd.

Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions. The company's portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size, production potential, and the two large development projects are considered to be late-stage, low-technical risk projects.

Forward-looking Statements and Cautionary Language

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements. Laramide disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Since forward-looking information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for uranium; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for uranium; uranium price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/309027

FAQ

What did Laramide Resources (OTCQX: LMRXF) announce on August 11, 2026?

Laramide Resources announced a non-brokered private placement raising $5,010,000 from a strategic investor. According to Laramide, the financing involves issuing 8,350,000 common shares at $0.60 per share, subject to customary regulatory and Toronto Stock Exchange approvals.

How many shares and at what price is Laramide Resources (LMRXF) issuing in its private placement?

Laramide Resources is issuing 8,350,000 common shares at $0.60 per share in the private placement. According to Laramide, this will generate gross proceeds of $5,010,000, before expenses and subject to receipt of required regulatory and TSX approvals.

What will Laramide Resources use the $5,010,000 private placement proceeds for?

Laramide Resources plans to use the $5,010,000 in gross proceeds for working capital and general corporate purposes. According to Laramide, the funds will support ongoing corporate needs rather than being earmarked for a specific disclosed project or acquisition.

What is the hold period for the new Laramide Resources (LMRXF) shares from this offering?

The new Laramide Resources shares will be subject to a hold period of four months plus one day from issuance. According to Laramide, this restriction follows applicable securities legislation, limiting resale of the private placement shares during that initial period.

How might the $5 million private placement affect existing Laramide Resources shareholders?

The private placement will increase Laramide Resources’ share count by 8,350,000, diluting existing holdings proportionally. According to Laramide, the trade-off is additional $5,010,000 in capital for working capital and general corporate purposes, potentially strengthening the company’s financial flexibility.

What approvals are required to close Laramide Resources’ August 2026 private placement?

Closing of Laramide Resources’ private placement is conditional on receiving all necessary regulatory and other approvals. According to Laramide, this specifically includes approval from the Toronto Stock Exchange before the financing can be completed and shares issued.