Laramide Resources (TSX:LAM) - Uranium Giant Preps Triple-Continent Play as AI Drives Nuclear Boom

Interview with Marc Henderson – President, CEO & Director, Laramide Resources

Our previous interview: https://www.cruxinvestor.com/posts/laramide-resources-tsxlam-1m-lbyr-new-mexico-uranium-project-awaits-final-permit-6714

Recording date: 4th September, 2025

The uranium sector is experiencing a fundamental shift driven by artificial intelligence and data center expansion, creating what industry veterans describe as the most compelling supply-demand dynamic in decades. Laramide Resources, with advanced-stage uranium projects across three continents, stands positioned to capitalize on this transformation.

CEO Marc Henderson, speaking from the World Nuclear Association symposium, highlights how technology companies are driving unprecedented electricity demand. "The world's figured out we need a lot more electricity all of a sudden, particularly in the west that hasn't had any real growth in electricity demand in a long time, and nuclear becomes sort of the default obvious solution," Henderson explains. Tech giants prefer to be "backers" rather than operators, seeking partnerships with established uranium companies rather than entering the complex supply chain themselves.

While demand surges, supply constraints intensify. Henderson notes that when asking utilities about realistic pricing for new uranium supply development, "no one has a number south of 100" dollars per pound. The industry faces critical shortages with limited new discoveries and production delays across existing operations.

Laramide's strategic portfolio spans three jurisdictions. In Australia, the Westmoreland project containing 65 million pounds awaits a single political decision from Queensland's government, which Henderson describes as being "literally one comment away" from approval. The U.S. Churchrock project holds 70 million pounds with federal NRC licensing complete, requiring only one New Mexico state permit for its 3-million-pound annual capacity facility. Kazakhstan offers exploration upside through a large land position targeting 30-50 million pound deposits, with 15,000 meters of drilling planned for the fourth quarter.

The convergence of structural supply deficits, tech-driven demand growth, and $100+ uranium pricing creates compelling revaluation potential for quality uranium assets positioned for the nuclear renaissance.

Learn more: https://www.cruxinvestor.com/companies/laramide-resources

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