Laramide updates Westmoreland uranium PEA, sees post-tax NPV US$741.1 million at US$90/lb

• Laramide released an updated PEA for its 100%-owned Westmoreland uranium project in Queensland, Australia, replacing the 2016 study.
• At a US$90/lb U3O8 assumption, post-tax NPV (7.5%) estimated at US$741.1 million; post-tax IRR 33%; payback about 2.5 years.
• Initial capex estimated at about US$456 million; contingency US$84 million; average C1 cash cost pegged at US$32.40/lb.
• PEA outlines 11-year open-pit operation; average annual output about 4.9 million lbs U3O8; life-of-mine production about 47.9 million lbs.
• Westmoreland positioned for next-stage engineering; mining lease application planned once Queensland government permits lodgement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Laramide Resources Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607220952NEWSFILECNPR____20260722_306087_1) on July 22, 2026, and is solely responsible for the information contained therein.