Laramide Resources Ltd

Published : October 08th, 2014

Laramide Resources Announces Consolidation of Interest in the Gulf JV in the Westmoreland District

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Keywords :   Australia | Copper | G Mexico | Mexico | Uranium | Utah |

Laramide Resources Announces Consolidation of Interest in the Gulf JV in the Westmoreland District

Listed (TSX:LAM, ASX:LAM)

TORONTO , Oct. 8, 2014 /CNW/ - Laramide Resources Ltd. (TSX: LAM, ASX:LAM) is pleased to announce that it has entered into a Sale Purchase Agreement ("SPA") to acquire 100% of the Gulf JV tenement EL 29898 ("the Project") from Gulf Copper Pty Ltd ("Gulf").

Laramide currently has the right to earn 90% of the Project by carrying Gulf through completion of a bankable feasibility study and obtaining a mine permit. This agreement will be terminated when Laramide owns 100% of the Project.

Under the terms of the SPA the Laramide must pay to Gulf A$125,000 broken into three payments. A$25,000 immediately; a further A$25,000 subject to satisfactory completion of certain conditions; and, the balance of A$75,000 on transfer of the tenement title.

The SPA is conditional on receiving all necessary government and regulatory approval to complete the transaction.   

The Gulf JV tenement covers an area of 227 km2 and lies adjacent to the Westmoreland deposit in the Northern territory. This acquisition is consistent with Laramide's long term strategy to consolidate the prospective tenure around the Westmoreland project on both sides of the Queensland-Northern Territory border.

To learn more about Laramide and for additional information on the Gulf JV tenement, please visit the Company's website at www.laramide.com.

About Laramide:
Laramide is engaged in the exploration and development of high-quality uranium assets. Its wholly owned uranium assets are in Australia and the United States . Laramide's portfolio of advanced uranium projects have been chosen for their production potential. Its flagship project, Westmoreland , in Queensland, Australia , is one of the largest projects currently held by a junior mining company. Its U.S. assets include La Jara Mesa in Grants, New Mexico , and La Sal in the Lisbon Valley district of Utah . Its portfolio also includes joint venture, strategic equity positions and royalty participation in uranium development and exploration companies that provide additional geographic diversification and uranium exposure for shareholders.

SOURCE Laramide Resources Ltd.

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : Australia | Mexico | All
Gold and Silver Prices for these countries : Australia | Mexico | All

Laramide Resources Ltd

EXPLORATION STAGE
CODE : LAM.TO
ISIN : CA51669T1012
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Laramide Res. is an exploration silver and gold company based in Canada.

Laramide Res. holds various exploration projects in Canada.

Its main exploration properties are WESTMORELAND, LA SAL and LAGOON CREEK in Australia and GOLIATH, LA JARA MESA and LARA in Canada.

Laramide Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 24.2 millions as of today (US$ 18.4 millions, € 16.5 millions).

Its stock quote reached its lowest recent point on January 11, 2002 at CA$ 0.01, and its highest recent level on January 05, 2007 at CA$ 9.07.

Laramide Res. has 112 590 000 shares outstanding.

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Financings of Laramide Resources Ltd
1/6/2012Completes Second Tranche of Private Placement
12/30/2011Completes Previously Announced Financing
12/19/2011Announces Proposed Private Placement
Project news of Laramide Resources Ltd
4/21/2016(Westmoreland)Announces Positive Results from the Updated PEA on the Westm...
6/18/2012(La Sal)Receives Positive Record of Decision and Permit for its La S...
10/11/2011(La Sal)s permitting status on its La Sal Project
7/27/2011(Westmoreland)Reports Exceptional Westmoreland Metallurgy Results and Comm...
5/16/2011Concludes Binding Joint Venture Term Sheet with Rio Tinto on...
6/29/2010Clears Title to Advance Permitting its La Sal Uranium Projec...
10/2/2008(Westmoreland)Drilling Results at Westmoreland Continue to Meet or Exceed ...
9/17/2008(Westmoreland)Resumes Westmoreland Drilling on Schedule ; Highlights Posit...
9/2/2008(Westmoreland)Releases Further Drilling Results and Prepares for a Second ...
8/5/2008(Westmoreland)Completes First Phase of Drilling at Westmoreland...
6/26/2008(Westmoreland)First Phase of Diamond Drilling at Westmoreland
6/19/2008(Westmoreland)Intersects Gold Mineralization at its Westmoreland Uranium
5/26/2008(Westmoreland)Adds Third Rig at Westmoreland
4/24/2008(Westmoreland)Intersects 58 Metres @ 0.12 % U3O8 at Westmoreland
4/1/2008(Goliath)TREASURY METALS INTERSECTS HIGH GRADE GOLD AT GOLIATH
2/15/2008(Westmoreland)Announces Northern Territory Joint Venture Drill Results
12/17/2007Files Independent Technical Reports
4/30/2007(La Jara Mesa)Intercepts 13 Feet of 0.719 % U3O8 in La Jara Mesa Drilling
4/17/2007(Westmoreland)Receives GRD Minproc Scoping Study on its 100% Owned Westmor...
3/21/2007(La Jara Mesa)News Release - Laramide Resources Ltd.
Corporate news of Laramide Resources Ltd
6/8/2016Laramide Resources announces results of annual meeting of sh...
5/24/2016Laramide Resources Provides Update on Rio Tinto Exploration ...
4/21/2016Laramide Resources Announces Positive Results from the Updat...
4/8/2016Laramide Resources Executes Definitive Share Purchase Agreem...
1/23/2016Laramide Resources Files Supplement To Information Circular
12/31/2015Laramide Resources Closes C$5M Loan from Extract Advisors
12/24/2015Laramide Resources Closes $1.6 Million Private Placement
12/1/2015Laramide Resources Agrees to C$5M Loan from Extract Advisors
8/25/2015Laramide Retains Lycopodium for updated Westmoreland Scoping...
3/13/2015Laramide Resources Closes Equity Financing
10/8/2014Laramide Resources Announces Consolidation of Interest in th...
10/6/2014Laramide Resources Announces Airborne Geophysical Survey on ...
9/2/2014Laramide Resources Ltd. Announces Ownership Interest of Glob...
5/22/2014Announces Results of Voting at Annual and Special Shareholde...
5/22/2014Laramide Resources Announces Results of Voting at Annual and...
3/31/2014Laramide Resources Appoints Bryn Jones as Chief Operating Of...
9/13/2013Welcomes Queensland“Action Plan”
8/15/2013announces institutional funding transaction with The Lind
5/31/2013Announces Results of Voting at Annual and Special Shareholde...
5/28/2013Reminder–Laramide Resources–Annual and Special Meeting of
4/26/2013to commence trading on ASX
4/15/2013adopts advance notice policy
1/31/2013launches secondary offering and ASX co-listing
1/23/2013CEO Progress Report
5/22/2012(La Jara Mesa)Receives Draft EIS and Updates Permitting Status for La Jara...
3/26/2012Comments on the Queensland State Election
1/17/2012CEO Update
6/7/2011(Lara)Invite to Laramide's Annual General Meeting
8/12/2008ANNOUNCES DETAILS OF SPIN-OFF
6/26/2008Treasury Metals Files Preliminary Prospectus for Initial Pub...
6/3/2008ANNOUNCES PRICING OF EQUITY FINANCING
2/13/2008announces 10% ownership of Sierra Minerals Inc.
1/22/2008SPIN OFF NON-URANIUM ASSETS TO TREASURY METALS INC.
9/20/2007Purchases 5.6 Million Shares to Own 12% of Khan Resources In...
4/30/2007Adopts Shareholder Rights Plan
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