11:51 AM EST, 02/21/2025 (MT Newswires) -- (Updates shares.)

Laramide Resources ( LMRXF ) reported Friday final results from its 2024 drill campaign at the Westmoreland uranium project in Australia.

Highlights include 8.00 meters at 325.61 parts per million (ppm) uranium from the Junnagunna deposit, 3.00 meters at 853.74 ppm uranium from the Amphitheatre deposit, and 260.04 ppm uranium and 1,082.19 ppm vanadium pentoxide at the Southern Comfort/Mageera prospect.

"The 2024 drill campaign represents Laramide's most ambitious effort to date, with 106 holes for over 11,000 meters drilled across the Westmoreland project," said Rhys Davies, Laramide's vice-president of exploration. "This aggressive approach was designed to demonstrate the scalability and quality of the Westmoreland asset, reinforcing our commitment to advancing to its full potential."

Laramide said an updated resource estimate is on track for delivery in the first quarter.

Laramide shares were last seen up $0.04 to $0.58 on the Toronto Stock Exchange.

Price: 0.58, Change: +0.04, Percent Change: +7.41