Laramide Resources Ltd. · TSX:LAM
Laramide Resources — Investor Presentation (November 2021)
26 slides from Laramide Resources's investor presentation, Nov 18, 2021
Slide 1: Developing Tomorrow's Clean Energy Today
Q4 2021 Laramide Resources Ltd. DEVELOPING TOMORROW’S CLEAN ENERGY TODAY TSX: LAM | ASX: LAM | www.laramide.com
Slide 2: Disclaimer
DISCLAIMER This presentation is provided on the basis that neither the Company Actual results and future events could differ materially from nor its representatives or advisors make any warranty (express or anticipated in such information. These and all subsequent written and implied) as to the accu
Slide 3: Well Positioned Today in Uranium Sector
WELL POSITIONED TODAY IN URANIUM SECTOR Laramide is a Canadian-based company with globally diversified and strategic uranium assets in the United States and Australia. Premier In Situ Recovery (ISR) division – Churchrock Project in New Mexico provides near-term production potential; valuation compar
Slide 4: Nuclear: An Essential Component for Clean Energy
NUCLEAR: AN ESSENTIAL COMPONENT FOR CLEAN ENERGY Nuclear energy has the highest capacity factor1 versus both traditional and alternative energy sources, prompting renewed attention to help solve global energy needs “Nuclear Power is the Best Climate-Change Solution by Far” 92.5% Its total greenhouse
Slide 5: Support for Nuclear Energy Is Strong and Increasing
SUPPORT FOR NUCLEAR ENERGY IS STRONG AND INCREASING Favorability to Nuclear Energy 1983-2021 Overall, do you strongly favor, somewhat favor, somewhat oppose, the use of nuclear energy as one of the ways to provide electricity in the United States? Saves Consumers an Average of Adds $60 BILLION to th
Slide 6: Macro – Uranium Market: Where Have We Been?
MACRO – URANIUM MARKET: WHERE HAVE WE BEEN? The World’s Clean Reliable Energy “Given both conventional and unconventional demand, there might not be enough guaranteed supply for everyone.” Kazatomprom, World Nuclear Association Symposium Presentation, 2021 Spot Price Long-Term Price NINE YEAR BEAR M
Slide 7: Macro – Uranium Market: Where Are We Going?
MACRO – URANIUM MARKET: WHERE ARE WE GOING? Uranium Supply / Demand Snapshot Little to no demand destruction as nuclear is NOT GDP correlated in WNA U3O8 Consumption Estimate the short to medium term 200 Spot Price 180 Market was already in Production Mlbs U3O8 160 primary supply deficit 140 heading
Slide 8: Large Scale, High Quality USA & Australian Projects
LARGE SCALE, HIGH QUALITY USA & AUSTRALIAN PROJECTS CHURCHROCK & MURPHY URANIUM CROWNPOINT PROJECTS PROJECT In Situ Recovery Division. WESTMORELAND New Mexico (USA) Northern Territory (Australia) URANIUM PROJECT Northwest Queensland (Australia) LA SAL & LA JARA MESA PROJECTS Hardrock assets. Utah (U
Slide 9: Large Scale, High Quality U.S. & Australian Projects
LARGE SCALE, HIGH QUALITY U.S. & AUSTRALIAN PROJECTS CHURCHROCK/CROWNPOINT LA SAL PROJECT & MURPHY URANIUM WESTMORELAND PROJECTS LA JARA MESA PROJECT PROJECT URANIUM PROJECT In Situ Recovery: New Mexico (USA) Hard rock assets: Utah (USA) and Northern Territory (Australia) Northwest Queensland New Me
Slide 10: Churchrock Project Highlights
CHURCHROCK PROJECT HIGHLIGHTS LARGE U.S. URANIUM SIGNIFICANT LOW COST NRC LICENSE AND EXPLORATION DEPOSIT RESOURCE1 RECOVERY2 PERMITTING UPSIDE • The Project is a • 2017 independent NI • Amenable to In-Situ • Major permitting work • Through the Resource significant uranium 43-101 Mineral Recovery (I
Slide 11: Developer Resource Comparison
DEVELOPER RESOURCE COMPARISON $30.00 EV / Resource Base Excellent in-ground $25.00 price leverage. $20.00 $15.00 Enterprise Value to Global $10.00 Resource/Reserve Base. $5.00 Median $3.77 $1.42 $0.00 Peer ISR Resources 113.7M Lbs Peer ISR Grade (%U308) Peninsula Energy 0.048% 71.6M Lbs UEC 0.054% 6
Slide 12: Westmoreland Project Highlights
WESTMORELAND PROJECT HIGHLIGHTS LARGE AUSTRALIAN URANIUM SIGNIFICANT SIMPLE DEPOSIT RESOURCE1 MINING1 Westmoreland is one of the largest Total resource of 51.9 million pounds of Westmoreland is intended to be an undeveloped uranium deposits in uranium (U3O8): 36 million pounds U3O8 open cut operatio
Slide 13: Murphy Project – Major Greenfield Opportunity
M U R P H Y P R O J E C T – MAJOR GREENFIELD OPPORTUNITY NORTHERN TERRITORY, AUSTRALIA Newly acquired Newly acquired DISTRICT SCALE EXPLORATION WORLD CLASS MINING JURISDICTION MURPHY ACQUISITION COMPLETED The Murphy Uranium Tenements (683 km2) The Northern Territory hosts several well- Laramide comp
Slide 14: Corporate Snapshot
CORPORATE SNAPSHOT Shares on Issue2 183.7M PUBLICLY-TRADED Fully Diluted 225.1M Market Price (CAD) 3 LAM $1.00 Market Cap ~CAD $183.7M TSX Cash & Investments4 ~CAD$6.9M Loan Facilities5 USD $6M LAM Major Shareholders Management/Directors own 11% ASX1 Uranium focused institutions, including ETFs 8% S
Slide 15: URNM ETF Holdings' Market Cap
URNM ETF HOLDINGS’ MARKET CAP Excludes companies >$4B (Kazatomprom, Cameco, Nexgen). 2,000 1,800 1,600 USD $ Millions 1,400 1,200 1,000 800 600 400 200 0 Source: North Shore Global Uranium Mining ETF, as of Oct 14, 2021 15
Slide 16: The Uranium Market: Taking History and Applying It to Now
THE URANIUM MARKET: TAKING HISTORY AND APPLYING IT TO NOW THE LAST URANIUM BULL MARKET THE EMERGING URANIUM BULL MARKET 2003-2008 2020-???? Primarily demand driven (China build out) with price Contracting less important vis-à-vis nation state players; dictated by Western utility contracting cycle. c
Slide 17: 2021-2022 Value Drivers
2021-2022 VALUE DRIVERS Continuing Uranium price recovery and initiation of meaningful utility contracting cycle Completion of initial Churchrock PEA Uranium price recovery achieves level where increasing visibility becomes possible at the asset level (Churchrock, Crownpoint, La Sal, and other proje
Slide 18: Commodity Equities vs. Inflation
COMMODITY EQUITIES VS. INFLATION Uranium Equities Have Historically Outperformed during Periods of High Inflation Source: BMO Capital Markets 18
Slide 19: Contact Info
CONTACT INFO Marc Henderson President and CEO Phone (Toronto) LARAMIDE +1 (416) 599-7363 CORPORATE OFFICE The Exchange Tower Email 130 King Street West info@laramide.com Suite 3680, PO Box 99 Toronto, Ontario Canada M5X 1B1 TSX: LAM | ASX: LAM | www.laramide.com 19
Slide 20: Appendix
APPENDIX TSX: LAM | ASX: LAM | www.laramide.com
Slide 21: La Sal Project Highlights
LA SAL PROJECT HIGHLIGHTS LOCATED IN HIGH-GRADE, LOW TITLE TRANSFER ADVANCED PERMITS WORLD-CLASS MINING COST PROJECT IN 2010 STATUS IN HAND JURISDICTION The La Sal Project has a Prior to Laramide’s title Previous operator Project permits for a bulk The La Sal Project is historic resource1 transfer i
Slide 22: La Jara Mesa Project Highlights
LA JARA MESA PROJECT HIGHLIGHTS SIGNIFICANT PERMITTING LOCATED IN FAVOURABLE METALLURGY RESOURCE1 UNDERWAY MINING JURISDICTION Total resource of 7,257,817 A Draft Environmental Impact Metallurgical studies exhibited La Jara Mesa is located within the pounds uranium contained in Statement was issued
Slide 23: Church Rock Resource Estimate
CHURCH ROCK RESOURCE ESTIMATE Tonnage Grade Contained Metal Classification Sand Unit (Tons) (% eU3O8) (U3O8 lbs) Inferred Dakota Sandstone 632,000 0.115 1,452,000 Morrison Formation - Brushy Basin 64,000 0.147 189,000 Morrison Formation - Westwater Canyon (A Sand) 1,714,000 0.075 2,556,000 Morrison
Slide 24: Westmoreland Resource Estimate
WESTMORELAND RESOURCE ESTIMATE Category Deposit Tonnes Uncut Cut ktonnes Mlbs Indicated Redtree 12,858,750 0.092 0.090 11.6 25.5 Huarabagoo 1,462,000 0.092 0.083 1.2 2.7 Junnagunna 4,364,750 0.082 0.081 3.5 7.8 18,685,500 0.089 0.088 16.4 36.0 Inferred Redtree 4,466,750 0.069 0.067 3.0 6.6 Huarabago
Slide 25: Westmoreland Preliminary Economic Assessment
WESTMORELAND PRELIMINARY ECONOMIC ASSESSMENT 2016 Preliminary Economic Assessment comparison to 2007 report Units Updated Previous Production Annual Production MMlb 3.5 3.0 Total Uranium Recovered MMlb 45.8 34.0 Met. Recovery % 95% 90% Mine Life Years 13 11.3 C1 Cash Cost LOM Avg. US$/lb 23.30 27.99
Slide 26: Thank You
THANK YOU TSX: LAM | ASX: LAM | www.laramide.com
Laramide Resources — Investor Presentation (November 2021) on 6ix