Latest news with #FAST-41
Cision Canada
4 days ago
- Business
- Cision Canada
Graphite One Cited as Federal Permitting Council Prioritizes FAST-41 Critical Mineral Projects
Company Supports U.S. Government Leveraging Efforts to Strengthen Domestic Critical Mineral Supply Chains G1's Graphite Creek Project first Alaska mining project to be listed on FAST-41 Transparency Dashboard, and one of six mining projects overall VANCOUVER, BC, June 17, 2025 /CNW/ - Graphite One Inc. (TSX–V: GPH; OTCQX: GPHOF) (" Graphite One", " G1" or the " Company"), welcomes the U.S. Government's leveraging of the Fixing America's Surface Transportation Act, known as "FAST-41," to streamline the permitting process for critical resource and infrastructure projects as it works to implement the March 20, 2025 Executive Order "Immediate Measures to Increase Domestic Mineral Production." G1 has been cited in recent news coverage as a developer of one of six mining projects to be listed on the FAST-41 Permitting Dashboard, administered by the Federal Permitting Improvement Steering Council ("Permitting Council"). The Company announced its move into the FAST-41 permitting process's 60-day period to develop Graphite Creek's Coordinated Project Plan ("CPP") and detailed permitting timetable earlier this week. The Washington Examiner quotes Emily Domenech, "the newly appointed head of the {Permitting} Council…" describing its role as "a 'sherpa' for businesses seeking to initiate projects. My goal would be to move as many projects to construction in the first two years of the Trump Administration as is humanly possible". The Fast-41 Federal Permitting Dashboard and related announcements can be accessed here. "The Administration's use and expansion of the FAST-41 program demonstrates its commitment to move expeditiously to bolster U.S. domestic critical mineral supply chains," said Graphite One CEO Anthony Huston. "We are proud to be the first Alaskan mining project listed on the Federal Permitting Dashboard. We believe that this emphasis on streamlining the permitting process will expedite our efforts to establish a vertically integrated domestic supply chain for graphite as the United States is faced with the growing demand and global market volatility." Graphite One's inclusion on the Federal Permitting list follows the recent announcement that the Company has entered into a second non-binding supply agreement for anode active materials ("AAM") with Lucid Group, Inc. (NASDAQ: LCID), a manufacturer of advanced electric vehicles, marking another significant step towards establishing a fully domestic graphite supply chain to meet market demands and enhance U.S. industry and national defense. The Company had published its feasibility study prepared in accordance with National Instrument 43-101 earlier this spring, which with the support of Defense Production Act Title III funding, was completed 15 months ahead of schedule and showed a tripling of the Company's proven and probable reserves. Added Huston: "The momentum we are currently generating to end more than three decades of zero domestic graphite production could not come at a better time. With China's control over graphite materials higher than even the stranglehold it has over Rare Earth production, and Beijing no stranger to weaponizing its leverage, the time to act is now. Between greater predictability and accountability for our project via the Fast-41 program, our new non-binding supply agreement with Lucid and a tripled resource at Graphite Creek, we are well-positioned to move forward." Graphite One's Supply Chain Strategy With the United States currently 100 percent import dependent for synthetic and natural graphite, Graphite One is developing a complete U.S.-based, advanced graphite supply chain solution anchored by the Graphite Creek deposit, recognized by the US Geological Survey as the largest graphite deposit in the U.S. "and among the largest in the world." The Graphite One Project plan includes building an advanced graphite material and battery anode material manufacturing plant located in Warren, Ohio. The plan also includes a recycling facility to reclaim graphite and the other battery materials, to be co-located at the Ohio site, the third link in Graphite One's circular economy strategy. About Graphite One Inc. GRAPHITE ONE INC. continues to develop its Graphite One Project (the "Project"), with the goal of becoming an American producer of high grade anode materials that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade anode materials primarily for the lithium–ion electric vehicle battery market. On Behalf of the Board of Directors "Anthony Huston" (signed) For more information on Graphite One Inc., please visit the Company's website, or contact: On X (FormerlyTwitter) @Graphite One Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All statements in this release, other than statements of historical facts, including those related to the Fast 41 listing and the anticipated impact of the FAST-41 status, any statements related to the planned production of any mineral reserves and resources, the construction of the Warren, Ohio facility, and events or developments that the Company intends, expects, plans, or proposes are forward-looking statements. Generally, forward – looking information can be identified by the use of forward – looking terminology such as "proposes", "expects", "is expected", "scheduled", "estimates", "projects", "plans", "is planning", "intends", "assumes", "believes", "indicates", "to be" or variations of such words and phrases that state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The Company cautions that there is no certainty that the Fast 41 listing will impact the Company as set forth in this press release, that the Graphite Creek Project produces the minerals set out in the FS or that the facility will be built in Warren, Ohio. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at
Cision Canada
5 days ago
- Business
- Cision Canada
Graphite One Enters FAST-41 60-Day Planning and Timetable Period
FAST-41 process requires G1's coordinated project plan and timetable to be posted to the public Federal Permitting Dashboard no later than August 1st FAST-41 projects receive Record of Decision on average 25% faster than non-FAST-41 projects FAST-41 process commences as new IEA Report notes that global graphite dependence on China is greater than Rare Earth dependence VANCOUVER, BC, June 16, 2025 /CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) (" Graphite One", " G1" or the " Company"), is pleased to provide this information update as the Company moves into the FAST-41 permitting process's 60-day period to develop Graphite Creek's Coordinated Project Plan (" CPP") and detailed permitting timetable. Administered by the Federal Permitting Improvements Steering Council (" FPISC"), the FAST-41 timetable includes intermediate and final completion dates for each required federal environmental review and authorization. The project's lead Federal agency – in the case of Graphite One, the U.S. Army Corps of Engineers – must work with other cooperating agencies to develop project-specific plans to document the steps they will take to coordinate public and tribal participation and complete the required environmental reviews and authorizations. This timetable will be published to the FAST-41 Federal Dashboard no later than August 1, 2025. Benefits of FAST-41 As the FPISC has reported: "…on average, projects supported through FAST-41 achieved Record of Decision faster than those that did not leverage FAST-41 by nearly 25%." Graphite Creek is the first Alaska mining project to be listed on the FAST-41 Federal Dashboard, and the 5 th mining project overall. The FAST-41 Dashboard will mark its 10 th year since being established by federal law on December 3, 2015. Twenty-five additional mining projects are listed on the Federal Transparency dashboard, established by Presidential Executive Order on March 20, 2025. While transparency projects have elected to provide public visibility into their planning stages, they are not required to meet the listing requirements for FAST-41 covered projects. Infrastructure projects covered under FAST-41 benefit in the following ways: Increased visibility and predictability. Agencies must develop and maintain a coordinated, project-specific timetable for all required environmental review and permitting actions. Scheduled and actual timeframes for these actions are publicly displayed and updated quarterly on the Permitting Dashboard. FAST-41 states that the lead Federal agency cannot revise or extend a timetable end date within 30 days of the original end date. FAST-41 also states that a final completion date for an environmental review or authorization must not be extended by more than 30 days without consulting with the project sponsor. Enhanced coordination. Within 60 days of a project becoming covered under FAST41, the lead Federal agency must work with other cooperating agencies to develop project-specific plans to document the steps they will take to coordinate public and tribal participation and complete the required environmental reviews and authorizations. Advanced coordination allows for early communication of project goals to the permitting agencies, early discussion of alternatives, and alignment of agency review schedules. Increased accountability. The Permitting Council provides high-level oversight to ensure that Federal agencies adhere to established timetables. The Permitting Council must report to Congress when the total length of modifications to a permitting timetable delays the permitting process by more than 150% of the original schedule. In addition, an annual report to Congress is required to assess each agency's progress towards implementation of FAST-41 best practices, as well as their compliance with recommended performance schedules for covered projects. The FAST-41 Federal Permitting Dashboard may be accessed here. Figure 1: Raw Material Ownership by Country 2024 1 1 G1's entry into the FAST-41 process comes as a new International Energy Agency (" IEA") report indicates that China's control over graphite materials – 97% of the global market – exceeds its control of all other renewable battery materials, and even exceeds China's control over global Rare Earth production (93%). "We've seen Rare Earths in the headlines during the U.S. tariff wars with China, as China suspended access to its Rare Earths as a non-tariff countermeasure," said Anthony Huston, CEO of G1. "With China's control over graphite exceeding the Rare Earths – and with the tighter export controls China placed on graphite last year – the message should be clear: Critical Mineral dependencies can become economic weapons without warning. Our listing on FAST-41 will bring us the predictability and accountability we need to bring our project into production, and end more than 30 years of total foreign graphite dependency." The full IEA Report may be found here. Graphite One's Domestic Supply Chain Strategy With the United States currently 100 percent import dependent for synthetic and natural graphite, Graphite One is developing a complete U.S.-based, advanced graphite supply chain solution anchored by the Graphite Creek deposit, recognized by the US Geological Survey as the largest graphite deposit in the U.S. "and among the largest in the world." The Graphite One Project plan includes building an advanced graphite material and battery anode material manufacturing plant located in Warren, Ohio. The plan also includes a recycling facility to reclaim graphite and the other battery materials, to be co-located at the Ohio site, the third link in Graphite One's circular economy strategy. About Graphite One Inc. GRAPHITE ONE INC. continues to develop its Graphite One Project (the " Project"), with the goal of becoming an American producer of natural and synthetic graphite anode materials that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade anode materials primarily for the lithium–ion electric vehicle battery market. On Behalf of the Board of Directors "Anthony Huston" (signed) Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements All statements in this release, other than statements of historical facts, including those related to the Fast 41 listing and the anticipated impact of the FAST-41 status, any statements related to the planned production of any mineral reserves and resources, the construction of the Warren, Ohio facility, and events or developments that the Company intends, expects, plans, or proposes are forward-looking statements. Generally, forward – looking information can be identified by the use of forward – looking terminology such as "proposes", "expects", "is expected", "scheduled", "estimates", "projects", "plans", "is planning", "intends", "assumes", "believes", "indicates", "to be" or variations of such words and phrases that state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The Company cautions that there is no certainty that the Fast 41 listing will impact the Company as set forth in this press release, that the Graphite Creek Project produces the minerals set out in the FS or that the facility will be built in Warren, Ohio. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at SOURCE Graphite One Inc.
Cision Canada
03-06-2025
- Business
- Cision Canada
Graphite One's Graphite Creek Project Approved for FAST-41 Federal Permitting Dashboard
Graphite One becomes the first Alaskan Critical Mineral mining project on the FAST-41 Dashboard FAST-41 status follows completion of Graphite One Feasibility Study funded by a $37.3M award under the Defense Production Act G1 enters Permitting Phase as Presidential Critical Mineral Executive Order calls for "Immediate Measures to Increase American Mineral Production" and "Unleashing Alaska's Extraordinary Resource Potential" VANCOUVER, BC, June 3, 2025 /CNW/ - Graphite One Inc. (TSXV: GPH) (OTCQX: GPHOF) (" Graphite One", the " Company", or "G1"), is pleased to announce that the Company's Graphite Creek project – the upstream anchor for G1's complete U.S.-based advanced graphite supply chain (" Graphite Creek")– has been accepted as a "covered project" onto the FAST-41 Permitting Dashboard. Graphite One's project is the first Alaskan mining project to be listed on the FAST-41 Dashboard. "The approval of Graphite Creek as FAST-41's first Alaskan mining project is a major step for G1 and our complete U.S.-based supply chain strategy," said Anthony Huston, CEO of Graphite One. "With President Trump's Critical Mineral and Alaska Executive Orders, Graphite One is positioned at the leading edge of a domestic Critical Mineral renaissance that will power transformational applications from energy and transportation to AI infrastructure and national defense." Graphite One's domestic supply chain is planned to produce graphite concentrate from the Graphite Creek deposit North of Nome, Alaska and Anode Active Material at a facility to be constructed in Warren, Ohio, subject to financing (the " Project"). FAST-41 status follows publication of Graphite One's Feasibility Study (" FS") on April 23, 2025, which, with the support of the Department of Defense Production Act (DPA) award, was completed 15 months ahead of schedule. The annual graphite concentrate capacity of the Graphite Creek Mine in the FS was increased from that in the 2022 Pre-Feasibility Study (" PFS") – from 53,000 tpy to 175,000 tpy while maintaining a 20-year mine life. Measured plus Indicated Resources increased to 322% of the PFS resource. The FS projects a post-tax internal rate of return of 27%, using an 8% discount rate, with a net present value of $5.03 billion and a payback period of 7.5 years. FAST-41 streamlines the permitting process by providing improved timeliness and predictability by establishing publicly posted timelines and procedures for federal agencies, reducing unpredictability in the permitting process. FAST-41 also provides issue resolution mechanisms, while the federal permitting dashboard allows all project stakeholders and the general public to track a project's progress, including periods for public comment. The action drew strong support from Alaska's leading public officials: "America's dependency on foreign minerals and metals is a drag on our economy and a danger to our national security," said Alaska Governor Mike Dunleavy. "As the largest natural graphite deposit in the nation, adding Graphite Creek to the FAST-41 Permitting Dashboard sends a strong signal that Alaska is key to U.S. Critical Mineral development." "Graphite One's addition to the FAST-41 permitting dashboard is yet another indication that this project is a national priority of strategic importance," said Senator Lisa Murkowski. "There is no question that developing the largest natural graphite deposit in all of North America is far better for our economy, security, and competitiveness than importing the entirety of our supply from unstable nations like Mozambique. I thank the Trump administration for adding Graphite One to the dashboard and look forward to the day this project comes online." "I want to congratulate Graphite One, which has achieved this milestone thanks to funding from the Defense Production Act, something I have been working on relentlessly in the Senate since the project's inception," said Senator Dan Sullivan. "This project has the potential to open up our state's abundant reserves of critical minerals and metals, which would also be very significant for our country's national security. We must end America's dependence on China for critical minerals, like graphite, resources that are necessary for alternative energy and sources and critical defense technologies. Thankfully, President Trump understands our state's great potential, and is determined to help unleash our vast resources and create good paying jobs to Alaskans. Graphite One's FAST-41 status is great news for our state and our country." "Securing our supply chains for critical minerals is a core priority and requires a whole of government approach." said Alaska Congressman Nick Begich. "Our national security, sovereignty, and continued self-determination require that we take action, and Graphite One is leading the way." Graphite One's Complete U.S.-Based Supply Chain Strategy The Project is planned as an integrated business operation to produce lithium-ion battery anode materials and other graphite products for the U.S domestic market on a commercial scale using primarily natural graphite from Alaska. The Project combines the operation of an advanced graphite manufacturing facility to be located in Warren Ohio with the supply of natural flake graphite from the Company's proposed Graphite Creek Mine in Alaska. The resources associated with the Company's Alaska State mining claims were cited by the U.S. Geological Survey in January 2022 as America's largest natural graphite deposit 1, and in 2023, "as among the largest in the world." This precedes the FS-verified deposit amount increase. The Ohio manufacturing facility received a $325M Letter of Interest from the EXIM Bank in September 2024. About the Permitting Council and FAST-41 Established in 2015 by Title 41 of the Fixing America's Surface Transportation Act (FAST-41), the Permitting Council is a federal agency charged with improving the transparency and predictability of the federal environmental review and authorization process for certain critical infrastructure projects. The Permitting Council is comprised of the Permitting Council Executive Director, who serves as the Council Chair; 13 federal agency Council members (including deputy secretary-level designees of the Secretaries of Agriculture, Army, Commerce, Interior, Energy, Transportation, Defense, Homeland Security, and Housing and Urban Development, the Administrator of the Environmental Protection Agency, and the Chairs of the Federal Energy Regulatory Commission, Nuclear Regulatory Commission, and the Advisory Council on Historic Preservation); and the Chair of the White House Council on Environmental Quality and the Director of the Office of Management and Budget. The Permitting Council coordinates federal environmental reviews and authorizations for projects that seek and qualify for FAST-41 coverage. FAST-41 covered projects are entitled to comprehensive permitting timetables and transparent, collaborative management of those timetables on the Federal Permitting Dashboard. FAST-41 covered projects may be in the energy production, electricity transmission, energy storage, surface transportation, aviation, ports and waterways, water resource, broadband, pipelines, manufacturing, mining, carbon capture, semiconductors, artificial intelligence and machine learning, high-performance computing and advanced computer hardware and software, quantum information science and technology, data storage and data management, and cybersecurity sectors. The Permitting Council also serves as a federal center for permitting excellence, supporting federal efforts to improve infrastructure permitting including and beyond FAST-41 covered projects to the extent authorized by law, including activities that promote or provide for the efficient, timely, and predictable completion of environmental reviews and authorizations for federally-authorized infrastructure projects. Qualified Person Jason Todd, with Barr Engineering Co. is the primary qualified person for the Feasibility Study incorporated in the NI 43-101 technical report that is available under the Company's SEDAR+ profile at and the Company's website. Mr. Todd is a Qualified Person as defined under 43-101 and has reviewed and approved the technical content of this release. About Graphite One Inc. GRAPHITE ONE INC. (TSX‐V: GPH; OTCQX: GPHOF) continues to develop its Graphite One Project (the " Project"), with the goal of becoming an American producer of high grade anode materials that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade anode materials primarily for the lithium‐ion electric vehicle battery market. On Behalf of the Board of Directors "Anthony Huston" (signed) For more information on Graphite One Inc., please visit the Company's website, On X @GraphiteOne Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements All statements in this release, other than statements of historical facts, including those related to the Fast 41 listing and the anticipated impact of the FAST-41 status, any statements related to the planned production of any mineral reserves and resources, the construction of the Warren, Ohio facility, and events or developments that the Company intends, expects, plans, or proposes are forward-looking statements. Generally, forward ‐ looking information can be identified by the use of forward ‐ looking terminology such as "proposes", "expects", "is expected", "scheduled", "estimates", "projects", "plans", "is planning", "intends", "assumes", "believes", "indicates", "to be" or variations of such words and phrases that state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The Company cautions that there is no certainty that the Fast 41 listing will impact the Company as set forth in this press release, that the Graphite Creek Project produces the minerals set out in the FS or that the facility will be built in Warren, Ohio. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at
Cision Canada
02-06-2025
- Business
- Cision Canada
Laramide's Churchrock Uranium Project and La Jara Mesa Uranium Project Designated for FAST-41 Covered Project Status
TORONTO, June 2, 2025 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that two of its advanced-stage uranium development projects in the United States, Crownpoint-Churchrock (New Mexico) and La Jara Mesa (New Mexico), have been designated FAST-41 Covered Projects by the Federal Permitting Improvement Steering Council (Permitting 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 of Laramide Resources Ltd., said: "We commend the Trump administration for the Executive Order announced on May 23, supporting the acceleration of nuclear energy development in the United States. As momentum builds around a new era for nuclear power, it is important to recognize that uranium is the fundamental starting point of the entire fuel cycle. "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." About Crownpoint-Churchrock The Crownpoint-Churchrock Uranium Project is Laramide Resources' flagship U.S. asset and one of the largest undeveloped uranium resources in the United States. Located in McKinley County, New Mexico, the project comprises two in-situ recovery ("ISR")-amenable uranium deposits, Crownpoint and Churchrock, collectively covered under a U.S. Nuclear Regulatory Commission ("NRC") license, and the renewal application for this is currently in process. About La Jara Mesa The La Jara Mesa Uranium Project is a significant development-stage asset owned by Laramide Resources Ltd., situated in the prolific Grants Mineral Belt of Cibola County, New Mexico. This sandstone-hosted uranium deposit lies approximately 10 miles northeast of the town of Grants, within the Mount Taylor Ranger District of the Cibola National Forest. Laramide has been actively progressing through the permitting process. The U.S. Forest Service is preparing an Environmental Impact Statement (EIS) in accordance with the National Environmental Policy Act (NEPA) to assess the development of an underground uranium mine and associated surface facilities. Qualified/Competent Person The information in this announcement relating to Mineral Resource Estimates is based on information compiled or reviewed by Mr. Rhys Davies, a contractor to the Company. Mr. Davies is a Member of The Australasian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and is a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Davies consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. To learn more about Laramide, please visit the Company's website at About Laramide Resources Ltd. Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions. The company's portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size and production potential, and the two large development projects are considered to be late-stage, low-technical risk projects. As well, Laramide has expanded its pipeline with strategic exploration in Kazakhstan where the company is exploring over 5,500 km 2 of the prolific Chu-Sarysu Basin for world class roll-front deposits which are amenable to in-situ recovery. Forward-looking Statements and Cautionary Language This release includes certain statements that may be deemed to be "forward-looking statements." All statements in this release, other than statements of historical facts, that address events or developments that the management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements. Laramide disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. Since forward-looking information addresses future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for uranium; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for uranium; uranium price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations. SOURCE Laramide Resources Ltd.
Yahoo
02-06-2025
- Business
- Yahoo
Laramide's Churchrock Uranium Project and La Jara Mesa Uranium Project Designated for FAST-41 Covered Project Status
TORONTO, June 2, 2025 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) is pleased to announce that two of its advanced-stage uranium development projects in the United States, Crownpoint-Churchrock (New Mexico) and La Jara Mesa (New Mexico), have been designated FAST-41 Covered Projects by the Federal Permitting Improvement Steering Council (Permitting 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 of Laramide Resources Ltd., said:"We commend the Trump administration for the Executive Order announced on May 23, supporting the acceleration of nuclear energy development in the United States. As momentum builds around a new era for nuclear power, it is important to recognize that uranium is the fundamental starting point of the entire fuel cycle. "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." About Crownpoint-Churchrock The Crownpoint-Churchrock Uranium Project is Laramide Resources' flagship U.S. asset and one of the largest undeveloped uranium resources in the United States. Located in McKinley County, New Mexico, the project comprises two in-situ recovery ("ISR")-amenable uranium deposits, Crownpoint and Churchrock, collectively covered under a U.S. Nuclear Regulatory Commission ("NRC") license, and the renewal application for this is currently in process. About La Jara Mesa The La Jara Mesa Uranium Project is a significant development-stage asset owned by Laramide Resources Ltd., situated in the prolific Grants Mineral Belt of Cibola County, New Mexico. This sandstone-hosted uranium deposit lies approximately 10 miles northeast of the town of Grants, within the Mount Taylor Ranger District of the Cibola National Forest. Laramide has been actively progressing through the permitting process. The U.S. Forest Service is preparing an Environmental Impact Statement (EIS) in accordance with the National Environmental Policy Act (NEPA) to assess the development of an underground uranium mine and associated surface facilities. Qualified/Competent Person The information in this announcement relating to Mineral Resource Estimates is based on information compiled or reviewed by Mr. Rhys Davies, a contractor to the Company. Mr. Davies is a Member of The Australasian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and is a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Davies consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. To learn more about Laramide, please visit the Company's website at About Laramide Resources Ltd. Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions. The company's portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size and production potential, and the two large development projects are considered to be late-stage, low-technical risk projects. As well, Laramide has expanded its pipeline with strategic exploration in Kazakhstan where the company is exploring over 5,500 km2 of the prolific Chu-Sarysu Basin for world class roll-front deposits which are amenable to in-situ recovery. Forward-looking Statements and Cautionary Language This release includes certain statements that may be deemed to be "forward-looking statements." All statements in this release, other than statements of historical facts, that address events or developments that the management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements. Laramide disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. Since forward-looking information addresses future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for uranium; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for uranium; uranium price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations. SOURCE Laramide Resources Ltd. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
