11:47 AM EDT, 06/30/2025 (MT Newswires) -- Laramide Resources ( LMRXF ) on Monday said it plans to raise $10 million through a non-brokered private placement.

The company said it will place up to 16.66-million shares at $0.60 each. Boss Energy, a 19.9% shareholder, has committed to take its pro-rata share of the placement.

Proceeds will be used to advance late-stage U.S. permitting initiatives, and general corporate purposes.

The offering is scheduled to close on or about July 14.

Laramide was last seen up $0.01 to $0.63 on the Toronto Stock Exchange.

Price: 0.63, Change: +0.01, Percent Change: +1.61