TICKER SYMBOLS: TSX:LAM; ASX:LAM; OTCQX:LMRXF
TORONTO, Aug. 17,
2021 /CNW/ - Laramide Resources Ltd.
("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX:
LMRXF) is pleased to announce that the Company's common shares
commenced trading August 17, 2021, on
the OTCQX® Best Market under the symbol "LMRXF". Laramide
will continue to trade in Canada
under its primary listing on the Toronto Stock Exchange under the
symbol "LAM", and on the Australian Securities Exchange under the
symbol "LAM".
Marc Henderson, Laramide
President & CEO stated, "With our large U.S. uranium project
portfolio, and focus on expanding our exposure and profile with
private and institutional U.S. investors, we are pleased to have
direct access to this transparent and efficient quotation and
trading platform."
U.S. investors can find current financial disclosure and
Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
Laramide is also pleased to be included in the Solactive Global
Uranium & Nuclear Components Total Return Index (the "Index")
composition for the Global X Uranium ETF, as part of ordinary
rebalance in the Index, with implementation effective August 2, 2021. The ordinary rebalance of the
Index occurs semi-annually.
With net assets of approximately US$650
million, the Global X Uranium ETF is the largest Exchange
Traded Fund ("ETF") in the uranium sector and the Index tracks the
price movements in shares of companies involved in uranium and the
production of nuclear components.
Laramide Resources is additionally a part of the index
composition for the North Shore Global Uranium Mining ETF and the
Horizons Global Uranium Index ETF.
To learn more about Laramide, please visit the Company's website
at www.laramide.com.
About Laramide Resources:
Laramide is a Canadian-based company with diversified uranium
assets strategically positioned in the
United States and Australia
that have been chosen for their low-cost production potential.
Laramide's Churchrock and Crownpoint properties form a leading In-Situ
Recovery (ISR) division that benefits from significant mineral
resources and near-term development potential. Additional U.S.
assets include La Jara Mesa in Grants,
New Mexico, and La Sal in
the Lisbon Valley district of Utah. The Company's Australian advanced stage
Westmoreland is one of the largest
uranium projects currently held by a junior mining company.
Laramide is listed on the TSX: LAM and ASX: LAM and in the United States on the OTCQX: LMRXF.
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 expect, 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.
Actual results, performance or achievement could differ
materially from those expressed in, or implied by, the
forward-looking information and, accordingly, no assurance can be
given that any of the events anticipated by the forward-looking
information will transpire or occur, or if any of them do so, what
benefits may be derived therefrom and accordingly, readers are
cautioned not to place undue reliance on the forward-looking
information.
SOURCE Laramide Resources Ltd.