Myriad Uranium Appoints Douglas Christopherson to Technical Committee

Rhea-AI Summary

Myriad Uranium has announced the appointment of Douglas Christopherson to its Technical Committee. Mr. Christopherson brings over 50 years of experience in mining, exploration, and project development. His extensive background includes roles such as Chief Engineer, Mine Manager, and General Manager at various global projects. Mr. Christopherson has also conducted technical due diligence and economic evaluations, authoring significant industry reports. His immediate contributions include a comprehensive analysis of historical data on Myriad's Copper Mountain Uranium Project. The company looks forward to leveraging his expertise to confirm and expand existing resources, target deeper mineralization, and explore newly-acquired adjacent zones. CEO Thomas Lamb highlighted the project's history and future potential for significant discoveries, as indicated by historical investments and recent reports suggesting a high chance for world-class deposits.

Positive

• Douglas Christopherson's appointment brings over 50 years of mining expertise to Myriad Uranium.
• Mr. Christopherson's analysis of the Copper Mountain Uranium Project offers insights and recommendations for resource expansion.
• The project has a history of significant investment, with C$117 million spent by Union Pacific in the 1970s.
• Historical reports, including a 2010 Neutron Energy internal report, indicate high potential for world-class deposits.

Negative

• The potential for significant resource discovery at Copper Mountain is still speculative and constrained by historical production figures.
• The project's success depends heavily on the innovative capabilities of the mining engineers.

Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad Uranium" or the "Company") is pleased to announce that Mr. Douglas Christopherson has joined the Company's Technical Committee.

Mr. Christopherson brings over 50 years of mining, exploration, and development experience to Myriad Uranium, having worked as Chief Engineer, Mine Manager, and General Manager at significant projects worldwide. He has extensive experience conducting technical due diligence and economic evaluations of uranium, base, precious, and rare earth projects worldwide, including authoring National Instrument 43-101 and competent persons reports. He is a Retired Registered Member the Society for Mining, Metallurgy and Exploration (S.M.E.) and the South African Institute of Mining and Metallurgy (SAIMM).

Myriad Uranium's CEO, Thomas Lamb, stated, "We are delighted to welcome Mr. Christopherson to the Company's Technical Committee. In connection with our current private placement, Mr. Christopherson has conducted a comprehensive analysis of our historical data on the Copper Mountain Uranium Project, and provided numerous insights and recommendations. Looking ahead, we anticipate his contributions as we work to confirm and expand on already significant historical resources, target deeper mineralisation, and expand our exploration efforts into newly-acquired adjacent zones - all considered highly prospective. Since Union Pacific's tenure in the 1970s, when they spent upwards of C$117 million (today's dollars) drilling 2,000 boreholes and planning a large-scale conventional uranium mine at Copper Mountain Uranium Project, experts have expanded their thinking regarding the project's geology and potential, looking far beyond the 6-pit plan Union Pacific had developed. For example, a 2010 Neutron Energy internal report states that the Copper Mountain Uranium Project offers a 'a high chance for discovery of world-class deposits in both the hard rock and sandstone.'"

Mr. Christopherson remarked, "Given the size of the property and the limited amount of explored ground, the exploration potential at Copper Mountain is constrained only by historical production figures from each uranium system and the project geologist's creativity. The uranium production potential at Copper Mountain is limited only by the mining engineer's ingenuity."

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. Copper Mountain hosts several known uranium deposits and historic uranium mines, including the Arrowhead Mine which produced 500,000 lbs of eU3O8. Copper Mountain saw extensive drilling and development by Union Pacific, which developed a mine plan and built a leach pad for one of the deposits at Copper Mountain. 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. The Company's presentation can be viewed here.

Myriad also has a 50% interest in the Millen Mountain Property in Nova Scotia, Canada, with the other 50% held by Probe Metals Inc., and an 80% interest in uranium exploration licences in Niger. 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

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/214531

FAQ

Who is the new member appointed to Myriad Uranium's Technical Committee?

Douglas Christopherson has been appointed to Myriad Uranium's Technical Committee.

When did Myriad Uranium announce the appointment of Douglas Christopherson?

Myriad Uranium announced the appointment on June 27, 2024.

What experience does Douglas Christopherson bring to Myriad Uranium?

Douglas Christopherson brings over 50 years of experience in mining, exploration, and development, having held roles such as Chief Engineer, Mine Manager, and General Manager.

How has Douglas Christopherson contributed to the Copper Mountain Uranium Project?

Douglas Christopherson conducted a comprehensive analysis of historical data and provided numerous insights and recommendations for the Copper Mountain Uranium Project.

What historical investments have been made in the Copper Mountain Uranium Project?

Union Pacific invested upwards of C$117 million in the 1970s on the Copper Mountain Uranium Project.

What future potential does the Copper Mountain Uranium Project have according to recent reports?

Recent reports, including a 2010 Neutron Energy internal report, suggest a high chance for discovering world-class uranium deposits at the Copper Mountain Uranium Project.