Highlights
- Laramide published an updated preliminary economic assessment for Westmoreland in July 2026.
- A supporting NI 43-101 technical report was filed in September.
- The company acquired exploration licences in Sweden in August.
- Westmoreland has an indicated mineral resource of 48.1 million pounds of contained U3O8.
An updated economic assessment at Westmoreland and a move into Sweden shaped the 2026 programme for Laramide Resources Ltd. (ASX:LAM) (TSX:LAM) (OTCQX:LMRXF). The company advanced the technical basis for its Queensland uranium project while broadening its exploration holdings in another jurisdiction.
Westmoreland Receives a Revised Economic Assessment
On 22 July, Laramide released an updated preliminary economic assessment for its wholly owned Westmoreland Uranium Project in Queensland, replacing the earlier 2016 study. The company subsequently filed the supporting NI 43-101 technical report on 3 September. A preliminary economic assessment evaluates potential project scenarios and does not constitute a final Investment decision or confirmation that a mine will be built. The updated documentation provides a technical reference point for subsequent evaluation.
Resource Base Underpins Further Work
Westmoreland is located in north-western Queensland near the Northern Territory border. The company reports an indicated mineral resource of 27.8 million tonnes grading an average 770 parts per million U3O8, containing 48.1 million pounds, and inferred resources of approximately 11.8 million tonnes averaging 680 parts per million for 17.7 million pounds. Mineral resources should not be confused with ore reserves. Laramide has described further work on satellite deposits as part of its project programme.
Swedish Licences Broaden the Portfolio
In August, Laramide announced the Acquisition of uranium exploration licences in Sweden’s Hotagen area. This is an exploration-stage addition to its established Australian and US project holdings. The licences provide new ground for geological investigation but do not represent established uranium production or a completed development approval. The company’s August funding announcement also described a private Placement involving a strategic investor, providing a separate corporate financing milestone.
Outlook: Next Milestones
Westmoreland’s next steps centre on technical and development evaluation, while exploration planning continues across the broader portfolio. Any construction or production decision would require further studies and approvals.
LAM shares were priced at AUD 0.44 on 6 November 2026, with a reported session change of 0.00%. Market Capitalisation stood at approximately AUD 9.37 million; the reported trading Volume was 5,000 shares.





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