Slide 1: Laramide Resources – Red Cloud Summer Uranium Conference
For personal use only L A R A M I D E R E S O U R C E S LT D. DEVELOPING TOMORROW’S CLEAN ENERGY TODAY Red Cloud Summer Uranium Conference June 2022 TSX: LAM | ASX: LAM | OTCQX:LMRXF www.laramide.com
Slide 2: Disclaimer
DISCLAIMER For personal use only 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 i
Slide 3: Why Laramide, Why Nuclear?
WHY LARAMIDE, WHY NUCLEAR? For personal use only Multi-asset uranium developer with two cornerstone assets in premier jurisdictions; potential production scale and cost profile should be attractive to global nuclear utilities Experienced Management and Board. Reasonable cap structure with good insid
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only Tight market structure Shares on Issue2 207.8M and clean balance sheet; Fully Diluted 233.4M Solid insider ownership Market Price (CAD) 3 $0.49 Market Cap CAD$101.8M PUBLICLY TRADED Cash & Investments4 CAD$11.5M LAM Loan Facilities USD$4.5M TSX Management/Dir
Slide 5: Nuclear Energy: A Key Part of a Clean Energy Solution
NUCLEAR ENERGY: A KEY PART OF A CLEAN ENERGY SOLUTION For personal use only A large primary supply deficit was developing before COVID, before the energy crisis exploded, and before Ukraine The Uranium market can support multiple new entrants Security of supply concerns have increased materially The
Slide 6: Building a Sustainable Company: Laramide Project Pipeline
BUILDING A SUSTAINABLE COMPANY LARAMIDE PROJECT PIPELINE For personal use only WESTMORELAND LONG POCKET • Indicated 36 mlbs @ 0.088% MURPHY • HQ Drill program to explore AMPHITHEATRE • Inferred 15.0 mlbs @ 0.080% radiometric anomaly • Greenfield • HQ Drill program to • US$23/lb OpEx • Stream & explo
Slide 7: U.S. Assets Located in the Historic Uranium Region
U.S. ASSETS LOCATED IN THE HISTORIC URANIUM REGION For personal use only La Sal Crownpoint Churchrock La Jara Mesa LARAMIDE RESOURCES LTD. 7
Slide 8: ISR Portfolio and Hard Rock Assets in New Mexico
ISR PORTFOLIO AND HARD ROCK ASSETS IN NEW MEXICO For personal use only Crownpoint Laramide Resources, enCore 15.3 Million Lbs. Nose Rock enCore Energy West Largo enCore Energy Churchrock Laramide Resources Roca Honda 45.4 Million Lbs. Energy Fuels Mt. Taylor Rio Grande Resources Marquez (Juan Tafoya
Slide 9: Churchrock – A Significant Uranium Deposit
CHURCHROCK – A SIGNIFICANT URANIUM DEPOSIT • Premier In Situ Recovery (ISR) asset – For personal use only Churchrock Project in New Mexico provides near-term production potential; valuation compares favourably with USA ISR peers. • Seven sections of land over approximately 4,160 acres • Mineral righ
Slide 10: Churchrock Moving Forward
CHURCHROCK MOVING FORWARD For personal use only Project Scoping • Met with NMED Nov 2021 • Reviewed Previous Lab-Scale Testing Plan • Conceptualized Pilot-Scale Testing Plan – Review of Existing Data – Engineer 5 Spot Hydraulics ▪ Planning Full Scale Pilot Project • Reviewing Related Data • Advanced
Slide 11: Westmoreland: Cornerstone Asset with District Scale Potential
WESTMORELAND: CORNERSTONE ASSET WITH DISTRICT SCALE POTENTIAL For personal use only LARAMIDE RESOURCES LTD. 11
Slide 12: Westmoreland Project Highlights
WESTMORELAND PROJECT HIGHLIGHTS For personal use only 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
Slide 13: Westmoreland: Lowest Quartile Producer
WESTMORELAND: LOWEST QUARTILE PRODUCER For personal use only Indicated: 36.0 M lbs U3O8 @ 0.09 Scoping Resource: cut-off 0.02% U3O8 Inferred: 15.9 M lbs U3O8 @ 0.09 Mining Method: Open pit mining Rate of Throughput: 2 Mtpa Mine Life: 13 years Payback: 2.5 years Pre-Production Capital: US $316M Per t
Slide 14: Expansion — More Upside Potential from Amphitheatre and Sue and Outcamp
EXPANSION — MORE UPSIDE POTENTIAL FROM AMPHITHEATRE AND SUE AND OUTCAMP For personal use only Drill program underway at Amphitheatre • Target expresses a radiometric anomaly • Was a subject of historical exploration in the 1970s • Considered a prime walk-up exploration target • Potential to be a sat
Slide 15: Murphy Project: Outstanding Upside
MURPHY PROJECT: OUTSTANDING UPSIDE For personal use only • Strategic acquisition to control most of the large mineralised system along the Westmoreland trend. • Acquired from Rio Tinto • Exploration has consisted of airborne magnetics and radiometric surveys; as well as ground follow up of radiometr
Slide 16: URNM ETF Holdings' Market Cap
URNM ETF HOLDINGS’ MARKET CAP For personal use only 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 LARAMIDE RESOURCES LTD. 16
Slide 17: Will History Rhyme?
WILL HISTORY RHYME? For personal use only 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. catalysts require
Slide 18: Value Drivers
VALUE DRIVERS For personal use only 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
Slide 19: Core Values: Committed to ESG and Environmental, Health & Safety
CORE VALUES: COMMITTED TO ESG AND ENVIRONMENTAL, HEALTH & SAFETY For personal use only • Laramide’s core business activity supports the global initiatives transitioning to clean energy ▪ Nuclear fuel is energy-dense, carbon and emission-free. Wind and solar are major energy providers, but their ener
Slide 20: Contact Info
CONTACT INFO For personal use only Marc Henderson Ann Baines President, CEO & Director Director, Investor Relations Phone (Toronto) Phone (Toronto) +1 (416) 599-7363 +1 (647) 832-9904 LARAMIDE Email Email CORPORATE OFFICE info@laramide.com ann@laramide.com The Exchange Tower 130 King Street West Sui
Slide 21: Appendix
For personal use only APPENDIX TSX: LAM | ASX: LAM | www.laramide.com 21
Slide 22: Global Mineral Resources
GLOBAL MINERAL RESOURCES Current Resources (NI 43-101 Compliant) For personal use only U3O8 Grade Contained Cut-Off U3O8 Project Location Category Tonnes (M) (%) U3O8 (M lbs) (%) Queensland, Indicated 18.7 0.09 36.0 0.02 Westmoreland Australia Inferred 9.0 0.08 15.9 0.02 Grants Mineral Belt, Churchr
Slide 23: Management Team
MANAGEMENT TEAM Marc Henderson For personal use only Director, President & CEO Laramide Chief Executive Officer since 2005; +25 years of experience operating successful public mineral exploration companies, and on the Boards of Treasury Metals Inc. (Audit Committee Chairperson) and Nubian Resources
Slide 24: Board of Directors
BOARD OF DIRECTORS John Booth For personal use only Non-executive Chairman Qualified lawyer (Ontario, NY & DC), 25 years of experience as banker, broker and fund manager in global capital markets. Member of the Audit, Compensation, and Nominating & Governance Committees. Marc Henderson Director, Pre
Slide 25: Disclaimer
DISCLAIMER For personal use only Cautionary Statement regarding Mineral Resource Estimates • Scoping Study for the Westmoreland Uranium Project, prepared in accordance with NI 43-101, entitled “National Instrument 43-101 This presentation uses the terms measured, indicated and inferred mineral Techn
Slide 26: Thank You
For personal use only THANK YOU TSX: LAM | ASX: LAM | www.laramide.com 26