Laramide Resources (TSX:LAM) has acquired exploration licences in Sweden’s Hotagen and Arjeplog-Arvidsjaur uranium provinces for C$600,000 ($610,695).
The company acquired a 100% interest from private vendor Gilpas Resources through C$300,000 cash and C$300,000 in shares, satisfied by issuing 503,2216 shares from treasury.
Laramide also paid a C$50,000 non-refundable deposit, with the remaining C$250,000 cash due by 31 August 2026.
Milestone payments include C$150,000 upon delineating an aggregate mineral resource containing at least 5 million pounds (Mlbs) of uranium; and C$250,000 for 10 Mlbs of uranium.
The Klappibacken Project comprises two licences covering over 1,700 hectares within the Hotagen district, adjoining a project group with a historical resource estimate.
The broader Hotagen district hosts the historical Nordfjallet South resource, estimated at 1.8 Mlbs grading 0.102% uranium oxide.
Meanwhile, the Arjeplog Project’s Kaivaive licence covers part of the Arjeplog-Arvidsjaur province, home to the Pleutajokk and Duobblon deposits containing approximately 28 Mlbs of uranium oxide. Historical drilling in 1976 and 1981 intersected uranium mineralisation within 50m of the surface.
CEO Marc Henderson says Sweden has undergone “one of the most significant policy shifts in the global uranium sector”.
“In a relatively short period, the Swedish government has restored uranium mining, modernised the regulatory framework, and reaffirmed nuclear energy as a cornerstone of the country’s long-term energy strategy,” Henderson says.
“We believe these reforms represent a transformational shift for Sweden’s mining sector and have created an attractive opportunity to establish a strategic position within an emerging European uranium supply chain.”
Initial work will focus on digitising historical data, integrating geophysical and geochemical datasets, ranking priority targets, and preparing for field verification and drill targeting.
Laramide Resources is focused on exploring and developing uranium assets in tier one uranium jurisdictions.
Write to Paula Fabe at Mining.com.au
Images: Mining.com.au
