Uranium Projects Designated For Fast-41

TORONTO - Laramide Resources Ltd. announced that two of its advanced-stage uranium development projects in the United States, Crownpoint-Churchrock and La Jara Mesa in New Mexico, have been designated FAST-41 Covered Projects by the Federal Permitting Improvement Steering Council.

This designation, part of the federal infrastructure permitting initiative established under Title 41 of the Fixing America's Surface Transportation (FAST-41) Act, reflects the projects' strategic importance and supports an efficient, transparent federal review process.

Notably, the La Jara Mesa Project has been upgraded from a FAST-41 Transparency Project to a fully Covered Project, aligning its permitting status with Crownpoint-Churchrock and streamlining its path forward under U.S. federal oversight.

Marc Henderson, President and CEO, said, ""Our Crownpoint-Churchrock project is one of the largest undeveloped uranium deposits in the U.S. and has the potential to play a central role in securing a domestic supply of this critical mineral. The inclusion of our projects under FAST-41 is a meaningful step, but continued policy support will be essential to overcome the longstanding regulatory and permitting challenges that have constrained U.S. uranium production. We are encouraged by this progress and proud to be part of a national effort to rebuild the nuclear fuel cycle from the ground up."