{"id":3614,"date":"2025-09-17T13:40:23","date_gmt":"2025-09-17T13:40:23","guid":{"rendered":"https:\/\/thetradingdictionary.com\/index.php\/2025\/09\/17\/laramide-identifies-targets-for-15000-meter-drill-program-at-kazakhstan-uranium-project\/"},"modified":"2025-09-17T13:40:23","modified_gmt":"2025-09-17T13:40:23","slug":"laramide-identifies-targets-for-15000-meter-drill-program-at-kazakhstan-uranium-project","status":"publish","type":"post","link":"https:\/\/thetradingdictionary.com\/index.php\/2025\/09\/17\/laramide-identifies-targets-for-15000-meter-drill-program-at-kazakhstan-uranium-project\/","title":{"rendered":"Laramide Identifies Targets for 15,000 Meter Drill Program at Kazakhstan Uranium Project"},"content":{"rendered":"<\/p>\n

Laramide Resources (TSX:LAM,ASX:LAM,OTCQX:LMRXF) announced that it has identified multiple target areas for a 15,000 meter drill program at its Chu-Sarysu project in Kazakhstan. <\/strong><\/strong><\/p>\n

Uranium remains the company’s primary focus, but the asset is also prospective for rare earths and copper. <\/p>\n

\u201cThis inaugural exploration program for Laramide in Kazakhstan is targeting high-grade, large-scale uranium deposits, amenable to cost-efficient and environmentally responsible in-situ recovery mining, and within a district that already hosts infrastructure and producing operations, which provides clear cost advantages,\u201d said President and CEO Marc Henderson in a press release shared on Monday (September 15). <\/p>\n

Situated in the Suzak District of the South Kazakhstan Oblast, Chu-Sarysu is located in one of Kazakhstan\u2019s main uranium-producing basins. The country accounted for almost 40 percent of global U3O8 production in 2024, with the Chu-Sarsyu and neighboring Syr Darya basins contributing over 75 percent of the nation’s output.<\/p>\n<\/p>\n

Chu-Sasryu is Laramide\u2019s only asset outside the US and Australia, and forms part of Laramide\u2019s three year option agreement to acquire shares of Kazakh company Aral Resources. The agreement closed in December 2024, and Laramide has the option to acquire all of Aral\u2019s shares and gain full ownership of the project.<\/p>\n

As part of its efforts, Laramide has compiled a large dataset from Kazakhstan\u2019s state National Geological Services with assistance from local geological contractors over the past year.<\/p>\n

\u201cWe have found the Kazakhstan Government to be supportive of mineral exploration with policies that encourage foreign investment and streamline permitting,\u201d Henderson added. \u201cThis creates a favourable environment for advancing new discoveries that can ultimately contribute to the growing global demand for nuclear fuel.\u201d<\/p>\n

Laramide submitted the required exploration work plans to Kazakhstan’s Ministry of Industry and Construction this year, and the remaining permits for drilling are currently being finalized. <\/p>\n

Phase 1 of drilling is expected to begin toward the end of 2025.<\/p>\n

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Laramide Resources (TSX:LAM,ASX:LAM,OTCQX:LMRXF) announced that it has identified multiple target areas for a 15,000 meter drill program at its Chu-Sarysu project in Kazakhstan. Uranium remains the company’s primary focus, but the asset is also prospective for rare earths and copper. \u201cThis inaugural exploration program for Laramide in Kazakhstan is targeting high-grade, large-scale uranium deposits, amenable…<\/p>\n","protected":false},"author":1,"featured_media":3615,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3614","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/3614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/comments?post=3614"}],"version-history":[{"count":0,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/posts\/3614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media\/3615"}],"wp:attachment":[{"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/media?parent=3614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/categories?post=3614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetradingdictionary.com\/index.php\/wp-json\/wp\/v2\/tags?post=3614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}