Myriad Uranium Announces Resignation of Director

Rhea-AI Summary

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.

Vancouver, British Columbia--(Newsfile Corp. - January 28, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") announces that Ian Archbold has assumed a Managing Director role with a global investment management organization and as a result is required to resign from the board of directors of Myriad.

Myriad's CEO, Thomas Lamb, commented: "We are grateful to Ian for his many contributions to the Company and wish him the very best."

Ian Archbold commented: "As a Director and shareholder of Myriad, I was impressed with Myriad's leadership team and the prospective quality of Myriad's key property in Copper Mountain. I will continue to closely follow Myriad's development in the years to come."

About Myriad Uranium Corp.

Myriad Uranium Corp. is a uranium exploration company with an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming, USA. To date, Myriad has earned a 50% interest in the Project. Copper Mountain hosts several known uranium deposits and historical uranium mines, including the Arrowhead Mine which produced 500,000 lbs of eU3O8. Copper Mountain saw extensive drilling and development by Union Pacific during the late 1970s including the development of a mine plan to fuel a planned fleet of California Edison reactors. Operations ceased in 1980 before mining could commence due to falling uranium prices. Approximately 2,000 boreholes have been drilled at Copper Mountain and the Project Area has significant exploration upside. Union Pacific is estimated to have spent C$117 million (2024 dollars) exploring and developing Copper Mountain, generating significant historical resource estimates which are detailed here. Myriad recently concluded a 34-hole maiden drill program in November 2024 which encountered significant high grade uranium mineralisation that exceeded expectations, provided verification of historical exploration work, and encountered mineralisation in deeper zones, which opens exciting new potential for the Copper Mountain Uranium Project. A comprehensive news release regarding the drilling can be viewed here.

A recent detailed update with Crux Investor can be viewed here. The Company's presentation can be viewed here. News releases regarding historical drilling can be viewed here and here.

For further information, please refer to Myriad's disclosure record on SEDAR+ (www.sedarplus.ca), contact Myriad by telephone at +1.604.418.2877, or refer to Myriad's website at www.myriaduranium.com.

Myriad Contacts:
Thomas Lamb
President and CEO
tlamb@myriaduranium.com

Forward-Looking Statements

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; access to minerals where the surface rights above them have not been settled; 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/238599

FAQ

Why did Ian Archbold resign from Myriad Uranium's board of directors in January 2025?

Ian Archbold resigned from Myriad Uranium's board of directors due to accepting a Managing Director role at a global investment management organization, which required him to step down from his board position.

What property does Myriad Uranium (MYRUF) currently hold?

According to the announcement, Myriad Uranium holds a property in Copper Mountain, which was referenced by the departing director as being of prospective quality.

What exchanges is Myriad Uranium (MYRUF) listed on?

Myriad Uranium is listed on multiple exchanges: the Canadian Securities Exchange (CSE: M), OTCQB (MYRUF), and the Frankfurt Stock Exchange (FSE: C3Q).

Who is the current CEO of Myriad Uranium (MYRUF)?

Thomas Lamb is the current CEO of Myriad Uranium Corp.