Myriad Uranium Corp - MYRUF STOCK NEWS

Myriad Uranium Corp (OTCQB: MYRUF) has entered into an option agreement to acquire 100% interest in the Red Basin Uranium Project in New Mexico. The project comprises 86 lode claims covering approximately 1,776 acres in the Datil Mountains - Pietown Uranium District.

The acquisition terms include immediate cash and share payments totaling C$525,000, with the option becoming fully exercised upon completion of a geophysical survey within 12 months. The project contains historical high-grade uranium-vanadium mineralization of 0.17% - 0.31% U3O8 near surface, with historical estimates suggesting 1.5 - 6.5 million pounds U3O8 (inferred). The mineralization is found in roll-front deposits hosted in sandstones from surface to depths of less than 450 feet.

The broader Datil Mountains - Pietown area could potentially contain 40 Mlbs or more of high-grade uranium. The project area encompasses the majority of historical 1,000 boreholes drilled in the Red Basin, with significant potential for associated vanadium up to 1.64% V2O5.

Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) has announced the granting of 225,000 incentive stock options to consultants and 1,095,000 restricted share units (RSUs) to directors, officers, and consultants. The options vest immediately and can be exercised at $0.40 per share within five years. The RSUs will vest in three equal portions over three years, with potential accelerated vesting triggered by: a change in company control, sale of material assets, or if the stock price reaches $1.00 or higher on the Canadian Securities Exchange.

Myriad Uranium (CSE: M, OTCQB: MYRUF, FSE: C3Q) has announced the resignation of Ian Archbold from its board of directors. The departure is due to Archbold accepting a Managing Director position at a global investment management organization. CEO Thomas Lamb expressed gratitude for Archbold's contributions to the company. In his parting statement, Archbold, who remains a shareholder, praised Myriad's leadership team and highlighted the potential of the company's Copper Mountain property.

Rush Rare Metals announces that its earn-in partner Myriad Uranium has significantly expanded the Copper Mountain uranium property in Wyoming from 4,200 to 9,320 acres. The expansion includes new prospects such as Railroad, Steffen Hill, Cedar Ridge, Mole, West Mesa, and Lucky Cliff, plus extensions of existing areas like Fuller, Mint, Midnight, and Knob.

The expansion was guided by historical exploration data including over 2,000 drill holes from Union Pacific's 1970s work and Myriad's 2024 maiden drill program. Many new areas show significant uranium mineralization, with some targeted for sandstone-hosted deposits potentially suitable for in-situ recovery.

The company also provided an update on its Boxi Property in Quebec, which hosts niobium within pegmatite intrusions. Recent channel sampling continued to show anomalous niobium values, though at lower levels than earlier prospecting. The property spans a 15km prospective zone with potential for critical minerals.

Myriad Uranium Corp. (MYRUF) has announced a significant expansion of its Copper Mountain Project Area from 4,200 to 9,320 acres. The expansion includes several new prospects: Railroad, Steffen Hill, Cedar Ridge, Mole, West Mesa, and Lucky Cliff, plus extensions near existing areas. Historical drilling data shows promising uranium mineralization across these areas, with notable intersections including:

- Railroad: Up to 0.1% eU3O8 over 6 ft at 585 ft depth
- Lucky Cliff: 85 ft of 0.12% eU3O8
- Cedar Ridge: Up to 0.12% eU3O8 in outcrop

Historical estimates suggest significant potential, with Union Pacific previously estimating over 65 Mlbs potential in deposit areas, while Bendix assessed the district's potential at up to 600 Mlbs. The company also reported delays in chemical assays from its recent drill program due to high radioactivity levels in samples, requiring alternative analytical services.

Myriad Uranium Corp (CSE: M, OTCQB: MYRUF) has successfully closed an over-subscribed non-brokered private placement financing, raising $2,988,600 through the issuance of 7,471,500 units at $0.40 per unit. Each unit includes one common share and half a warrant, with each full warrant allowing purchase of one share at $0.55 until December 12, 2026.

The company paid $68,320 in finder's fees and issued 170,800 finder's warrants. Securities are subject to a four-month hold period until April 13, 2025. The proceeds will fund exploration of mineral properties and working capital, supporting continued momentum through winter operations, including geophysics and preparation for a 2025 drill program.

Myriad Uranium has completed its maiden drill program at the Copper Mountain Uranium Project in Wyoming, USA. Initial results from the Canning Deposit area have verified and exceeded historical results, with new deeper zones of mineralization discovered. The company plans to expand exploration in 2025 to other prospective areas including Midnight, Knob, Bonanza, and Mint, which were previously identified through historical exploration by Union Pacific and others.

Myriad Uranium has completed its maiden drill program at Copper Mountain with significant results. The program encountered 30 intervals greater than 1,000 ppm eU3O8 across 34 boreholes, with a peak grade of 8,060 ppm. The drilling validated historical data and discovered uranium mineralization below the historical 500-600 feet depth limit, opening new potential for the project.

Notable results include multiple high-grade intervals, with CAN0006 showing particularly impressive results of 5,936 ppm eU3O8 over 7.54 feet. The program confirmed mineralization across a strike length of 2,500 ft, and chemical assay results are pending from ALS Laboratories.

Myriad Uranium Corp (OTCQB: MYRUF) has announced a non-brokered private placement to raise up to $2.5 million through the issuance of 6.25 million units at $0.40 per unit. Each unit includes one common share and half a warrant, with each full warrant exercisable at $0.55 for 24 months. The proceeds will fund exploration at the Copper Mountain Project, including expanding the project footprint and conducting geophysics.

The company also appointed Simon Clarke as Chair of the Board of Directors. Clarke brings over 25 years of experience in mining and energy sectors, having previously led companies like American Lithium Corp and M2 Cobalt Corp, with significant achievements in company valuations and successful acquisitions.