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Laramide secures US$1.5M increase in credit facility to US$6M

Laramide Resources Ltd. said Dec. 24 that Extract Advisers LLC agreed to increase the company's existing term loan by US$1.5 million to US$6 million.

The effective date of the additional loan is Dec. 21, which will be used for the company's commitments to Westwater Resources Inc. on Jan. 5, 2019, related to an acquisition, to further advance the Church Rock and Crownpoint uranium projects in New Mexico, and for general corporate purposes.

The maturity date remained Dec. 29, 2021.