Business
Laramide Resources Ltd. Announces the Engagement of SLR International Corporation to Produce a Preliminary Economic Assessment on the Crownpoint/Churchrock Uranium Project
Laramide Resources Ltd. Announces the Engagement of SLR International Corporation to Produce a Pr...
About this update from Laramide Resources Ltd.
[{"type":"text","content":"\n \n \n \n Laramide Resources Ltd. Announces the Engagement of SLR International Corporation to Produce a Preliminary Economic Assessment on the Crownpoint/Churchrock Uranium Project\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n \n Jan. 23, 2023\n \n \n /CNW/ - Laramide Resources Ltd. (\"\n \n Laramide\n \n \" or the \"\n \n Company\n \n \") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that its wholly owned subsidiary, NuFuels, Inc. has engaged SLR International Corporation (\"SLR\") of\n \n Denver, Colorado\n \n to complete an NI 43-101 Preliminary Economic Assessment (\"PEA\") on Laramide's 100% owned\n \n Crownpoint\n \n /Churchrock Uranium Project in\n \n New Mexico\n \n (\"Churchrock\" or \"The Project\").\n \n \n Laramide has commissioned the PEA Study to produce a current economic analysis based on the Mineral Resources at Churchrock with processing at the\n \n Crownpoint\n \n facilities. Parameters of the study include contribution from seven new drill hole results to confirm and validate previously reported drilling results and radiometric equilibrium used in the\n \n September 2017\n \n Mineral Resource estimate. The PEA will focus on generating an in-situ recovery (\"ISR\") production schedule with several phases of expansion and a scoping level design for an ISR well field, eventual plant and supporting structure, as well as a preliminary economic evaluation for the Project.\n \n \n \"Churchrock and\n \n Crownpoint\n \n are large mineral assets which Laramide strategically acquired in 2017 while uranium prices were depressed, and in light of rapidly improving sector fundamentals Laramide is now moving deliberately to position the asset for future production. This PEA, which will be the first economic study prepared to NI 43-101 and JORC standards, will provide the market with a broad overview of the scale, quality, and longevity of an ISR asset that we believe has the potential to become a meaningful contributor to future US domestic security of supply. This is an issue of incr...