12:42 PM EDT, 07/17/2025 (MT Newswires) -- Laramide Resources ( LMRXF ) on Thursday rose 3.3% after its Australian unit, Tackle Resources, received a Mineral Development Licence (MDL) for the Westmoreland Uranium project in Queensland, Australia.

"It provides regulatory confirmation that the project hosts a defined and economically significant resource capable of supporting long-term development," said Laramide Chief Executive Marc Henderson. "Furthermore, it provides the company with a security of tenure that allows us to continue with advanced mining studies which in turn maintains our commitment to significant investment in regional Northwest Queensland.

The company said the next "critical" steps in the advancement of Westmoreland are permitting and a formal mining lease application.

Shares of the company were last seen up $0.02 to $0.63 on the Toronto Stock Exchange.

Price: 0.64, Change: +0.03, Percent Change: +4.92