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Marc Henderson

President & CEO | Laramide Resources (TSX/ASX: LAM) | Uranium developer; former CEO of Aquiline Resources, sold to Pan American Silver

"Three decades as CEO of Laramide Resources, advancing two of the larger undeveloped uranium projects in the US and Australia."

Mining Executive

Biography

Marc Henderson is President, CEO, and a director of Laramide Resources (TSX/ASX: LAM), a development-stage uranium company — it has defined resources but no operating mine yet — that he has led since 1995. His relevance to resource investors is concrete: Laramide controls two of the larger advanced uranium projects outside the major producers, Churchrock in New Mexico and Westmoreland in Queensland, Australia, and Henderson has spent roughly three decades building, financing, and selling public mineral companies.

A chartered financial analyst with an economics degree from the University of Colorado, Henderson has steered Laramide through multiple uranium price cycles. Churchrock ranks among the most advanced uranium development projects in the United States and is designed for in-situ recovery (ISR — dissolving uranium underground and pumping it to surface, rather than mining rock). Westmoreland holds a resource of roughly 65 million pounds of uranium oxide (U3O8 — the traded concentrate form) per company materials. In 2024, Laramide added early-stage uranium exploration rights in Kazakhstan. His broader record includes selling Aquiline Resources, a silver developer, to Pan American Silver in 2009, and an earlier stint as president of MineFinders, a gold and silver company.

Henderson evaluates projects the way a financier would: grade, metallurgy, processing route, and cost structure before narrative. In a 2026 interview he described Westmoreland as "a very simple, low technical risk open pit deposit" with good metallurgy and low acid consumption that "leads to a very good cost structure." He is equally direct about jurisdiction and policy — he flags Queensland's moratorium on uranium mining as a key variable in Westmoreland's timeline — and about demand math, citing the gap between the roughly 50 million pounds of uranium the US consumes each year and its minimal domestic output.

With nuclear power back in the demand conversation on the back of data-center electricity growth and government support for domestic fuel supply, Henderson offers a working view of what stands between uranium resources and production: permitting, state-level politics, and financing. He appears regularly on mining investment channels and at events such as Mines and Money. One caveat worth applying: as a CEO, his commentary promotes his own assets, so it reads best as an operator's case for uranium rather than neutral research.

Videos (1)

Laramide's Path to Uranium Production | Marc Henderson

Laramide's Path to Uranium Production | Marc Henderson

guest Sep 23, 2026
  • Top takeaway His thesis: Laramide's two large assets need permission, not technical work — so value unlocks administratively, and Church Rock could produce by 2028 if the permitting plan holds.
  • He expects Queensland's ban to lift because it is regulatory policy rather than legislation, with 2012–13 as precedent, and calls that the catalyst that would unlock Westmoreland.
  • He sees uranium term prices up five straight years to about $97 per pound with the real contracting cycle not yet underway, and expects a spot move to bring generalist investors back.
  • He argues greenfield exploration has been starved industry-wide, leaving today's pipeline reliant on past-cycle assets — the reason Laramide drills Westmoreland satellites toward 100 million pounds.
  • He notes only about 20 years of supply visibility against decades of fuel demand from new reactors in the UK and Poland.

The CEO says Church Rock in New Mexico needs one state discharge permit to be shovel-ready at about one million pounds a year. ISR (in-situ recovery — uranium leached underground and pumped to surface) keeps startup capital near $50 million, per the guest. The guest cites a new Westmoreland study showing a billion-dollar NPV and a pathway to 100 million pounds of uranium. The guest expects Queensland's uranium mining ban to lift because it is a policy change, not legislation, with 2013 as precedent. Uranium term prices have risen five straight years to about $97 per pound, and the guest argues the real contracting cycle has not started.

Showing 1–1 of 1 videos

Key Quotes

"It's basically a very simple, low technical risk open pit deposit... very good metallurgy... low acid consumption... leads to a very good cost structure."

— Interview with Jimmy Connor on Laramide's Westmoreland project in Queensland, 2026

"Laramide's a development-stage uranium company with a couple of very large, important assets — one in the United States."

— Interview with Jimmy Connor on Laramide's Churchrock and Westmoreland projects, 2026

Key Works

Interview with Jimmy Connor covering updates at the Churchrock project in New Mexico and the Westmoreland project in Queensland, including deposit economics and the Queensland uranium moratorium.

Interview in which Henderson breaks down the uranium supply gap between US consumption and domestic production, and Laramide's position in it.

Crux Investor interview on Laramide's US, Australian, and Kazakhstani assets and how data-center power demand is reshaping the nuclear fuel market.

Disclaimer: Marc Henderson has NOT endorsed this platform and is not affiliated with Pixys in any way.