LARAMIDE RESOURCES LIMITED (LAM)
Share Price Analysis and Chart

30/07/2026

1

Buy

$1.60

166.67%

Canaccord Genuity maintains a Speculative Buy rating for Laramide Resources with a $1.60 target price.

The company released an updated Preliminary Economic Assessment for the Westmoreland uranium project in Queensland, demonstrating a post-tax net present value of US$741m and a 33% internal rate of return.

Expanding the operation's scale, the revised study models a 2.9Mtpa throughput and average annual production of 4.35Mlbpa, offsetting higher initial capital expenditure of US$550m and C1 cash costs of US$41/lb.

The analyst notes expedited cash flows and increased production volumes balance the higher cost assumptions, although a 25% risk weighting remains applied to the project valuation pending the potential removal of the Queensland uranium mining ban.

Further strategic appeal is supported by progressing discharge permits at the Crownpoint-Churchrock project and a shifting domestic political backdrop regarding uranium supply.