Myriad Now Holds 80% Interest in Niger Properties
- Myriad now holds an 80% interest in the Niger Projects, eliminating almost $1.7 million in spending requirements
- Niger has a stable political situation and a long history of uranium production
- None.
Vancouver, British Columbia--(Newsfile Corp. - August 31, 2023) - MYRIAD URANIUM CORP. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") announces that Loxcroft Resources Ltd. has waived the Company's obligation to incur additional exploration expenses to earn an
Myriad's CEO Thomas Lamb stated, "Since August 2022 when we executed our option agreement, Loxcroft has been our steadfast partner in Niger, sharing our commitment to the country and our conviction that we have a real chance at making one or even several world-class uranium discoveries there. This gesture by Loxcroft eliminates almost
He continued, "Niger has produced and exported uranium uninterrupted for over 50 years, through numerous changes of government. The sector provides much-needed employment and revenue streams for the country. In due course the political situation will stabilise and we and our fellow participants in the minerals sector will continue investing in the country. We reaffirm our commitment to Niger and its people."
Please refer to the Company's August 17, 2022 news release for details regarding the option agreement between Myriad and Loxcroft.
About Myriad
Myriad Uranium Corp. is a Canadian mineral exploration company with
Myriad's factsheet is here. A CEO interview with Crux Investor which may be of interest is here. A recent detailed interview with Uptrend Finance is here.
Myriad Contacts:
Thomas Lamb
President and CEO
tlamb@myriaduranium.com
Forward-Looking Statements
Mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company's properties. This news release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, the Company's business, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including with respect to the Company's business plans respecting the exploration and development of the Company's mineral properties, the proposed work program on the Company's mineral properties and the potential and economic viability of the Company's mineral properties. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and technological or operational difficulties. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.
The CSE has not reviewed, approved or disapproved the contents of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/179258