# Laramide to Update Westmoreland Economic Study

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/laramide-to-update-westmoreland-economic-study--cca5abe9-35ef-4cc5-aa7a-bd0ec8751e99

Original source: https://money.tmx.com/en/quote/LAM/news/5557125029949167/laramide-to-update-westmoreland-economic-study

Publisher: tmx

Original announcement: 2026-02-26T12:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Laramide Resources Ltd.

- Ticker: LAM

- Exchange: TSX

- Region: Queensland, Australia

- Primary commodity: Uranium

- Secondary commodities: None reported

- Document categories: Resource update, Other

- Extracted: 2026-08-25 18:45:41 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Laramide Resources has engaged Lycopodium Limited to update the Preliminary Economic Assessment \(PEA\) for the Westmoreland Uranium Project in Queensland, Australia. The update, expected in 1H 2026, will incorporate a materially expanded mineral resource and current, higher long-term uranium pricing.

Reasoning: The announcement of an updated PEA to reflect a significantly larger resource base and much higher current uranium prices is a major positive catalyst for project valuation.

- Positive factor: expanded resource base

- Positive factor: higher long-term uranium pricing environment

- Positive factor: advanced tenure with Mining Development Licence

- Positive factor: engagement of experienced engineering firm Lycopodium

- Negative factor: regulatory/policy uncertainty in Queensland

Facts used in scoring: 2

## Classification and evidence

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The company is updating its economic study and resource base for the Westmoreland project.

Evidence · text

> Laramide to Update Westmoreland Economic Study

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Rhys Davies, a qualified person, reviewed and approved the exploration information.

Evidence · text

> The information in this announcement relating to Exploration Results is based on information compiled or reviewed by Mr. Rhys Davies... is a "Qualified Person"

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Resource Estimates (2)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/laramide-to-update-westmoreland-economic-study--cca5abe9-35ef-4cc5-aa7a-bd0ec8751e99#fact-resource-facts-0)

uranium

#### Identity

- Commodity: uranium
- Ticker: LAM

#### Resource Data

- Category: indicated
- Tonnes: 0
- Grade: 770
- Grade Unit: ppm
- Contained Metal: 48100000
- Contained Unit: pounds U3O8

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Significant indicated resource base reported.

- Positive factor: large scale indicated resource

Evidence · text

> 48.1 million pounds U3O8 in the Indicated category at an average grade of 770 ppm

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/laramide-to-update-westmoreland-economic-study--cca5abe9-35ef-4cc5-aa7a-bd0ec8751e99#fact-resource-facts-1)

uranium

#### Identity

- Commodity: uranium
- Ticker: LAM

#### Resource Data

- Category: inferred
- Tonnes: 0
- Grade: 680
- Grade Unit: ppm
- Contained Metal: 17700000
- Contained Unit: pounds U3O8

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-02-26T00:00:00.000Z

Reasoning: Substantial inferred resource adds to project scale.

- Positive factor: additional inferred resource

- Negative factor: speculative category

Evidence · text

> 17.7 million pounds U3O8 in the Inferred category at an average grade of 680 ppm

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.