Canadian mining company Laramide has announced it has lodged a prospectus with the Australian Securities and Investment Commission (ASIC) ahead of the company’s planned listing on the ASX in March.

“With the Company's flagship Westmoreland project and recent Murphy farm-in/joint venture with Rio Tinto, both located in Australia, the ASX listing provides Laramide increased exposure and access to new investors and capital in these important regions," said Marc Henderson, President and Chief Executive Officer, Laramide.

The company expects to raise as much as $10 million with its IPO, which is slated to go ahead later this month in order to fund its Westmoreland uranium project in Queensland.

The announcement by Laramide comes after the Queensland Government flagged its intention to suspend the decades old ban on uranium mining.