TORONTO, April 23, 2019 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") is pleased to announce the appointment of Mr. Raffi Babikian to its Board of Directors effective immediately. Mr. Babikian has broad and extensive nuclear fuel cycle industry experience, including having provided corporate finance and marketing advisory services to uranium mining companies across the globe for the past 12 years, both as an investment banker and as an independent consultant. He began his career at AREVA SA (now Orano SA), the French nuclear fuel cycle company and has previously served on the Board of Directors of Khan Resources Inc. and Fission Uranium Corp. Mr. Babikian holds a Bachelor of Engineering from McGill University, a Masters from the Massachusetts Institute of Technology and an MBA from the Collège des Ingénieurs in Paris.

Mr. Henderson added, "It is a potentially very opportune time for shareholders in uranium companies as years of underinvestment in potential future supply have created an unsustainable supply /demand balance that is likely to be resolved by higher uranium prices, regulatory action, or both."  In this regard, Laramide notes the completion last week of the US Department of Commerce's (DOC) investigation into the national security implications of reliance on imported uranium. This "Section 232" investigation resulted in a confidential report and set of recommendations which have been forwarded by DOC to the White House. The President now has 90 days to decide whether to take action on the matter, a timeline which concludes on July 14, 2019.

Laramide is a Canadian-based company with diversified uranium assets strategically positioned in the United States and Australia that have been chosen for their low-cost production potential.  Laramide's recently acquired Church Rock and Crownpoint properties form a leading In-Situ Recovery (ISR) division that benefits from significant mineral resources and near-term development potential. Additional U.S. assets include La Jara Mesa in Grants, New Mexico, and La Sal in the Lisbon Valley district of Utah. The Company's Australian advanced stage Westmoreland is one of the largest uranium projects currently held by a junior mining company. Laramide is listed on the TSX: LAM and ASX: LAM.