Welcome to our dedicated page for Myriad Uranium news (Ticker: MYRUF), a resource for investors and traders seeking the latest updates and insights on Myriad Uranium stock.
Myriad Uranium Corp. (MYRUF) provides investors and industry observers with comprehensive updates on its uranium exploration initiatives, including technical validations at Wyoming's Copper Mountain Project and Nova Scotia's Millen Mountain Property. This dedicated news hub consolidates all official announcements, drilling results, and strategic developments for efficient tracking of the company's progress.
Key resources include: Verified updates on diamond drilling programs, spectral gamma ray logging results, historical data validation efforts, and partnership announcements. Content is rigorously fact-checked to ensure alignment with technical reporting standards in mineral exploration.
Users can expect timely coverage of resource estimations, exploration methodology updates, and regulatory filings. The archive serves both technical experts and general investors through clear explanations of geophysical surveys and project economics.
Bookmark this page for direct access to Myriad's latest press releases, ensuring you remain informed about critical developments in uranium deposit evaluation and legacy project re-examination strategies.
Myriad Uranium has announced significant historical grade intervals and new insights from the Copper Mountain Uranium Project in Wyoming. The company holds a 75% earnable interest in the project, which saw extensive exploration by Union Pacific in the 1970s. Union Pacific drilled around 2,000 boreholes, discovering seven historical uranium deposits and estimating historical resources of 15.7 to 30.1 Mlbs eU3O8, with further potential over 65 Mlbs. Recent data from 1977 cross-sections by Rocky Mountain Energy has been incorporated into Myriad's 3-D modeling, enhancing targeting for their upcoming drill campaign. The data includes long mineralized intervals of up to 210.5 ft and grades over 0.25% eU3O8. Some grades may be higher, as indicated by previous findings. CEO Thomas Lamb noted that drilling will target high-grade shells and deeper mineralization. The Canning Deposit, which hosts the largest historical resource, remains the focus, but other areas also show significant potential. This development aims to optimize drill planning and potentially discover new high-grade mineralization.
Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) held its Annual General and Special Meeting of Shareholders on September 19, 2024. Shareholders approved all matters, including the election of six nominees to the board of directors and the re-appointment of Davidson & Company LLP as auditors. Two new directors, Marvin Singer and Ian Archbold, joined the board.
Mr. Singer brings over 40 years of international experience in mineral exploration and development projects, having been a senior partner at Norton Rose Fulbright. Mr. Archbold has over 25 years of professional experience, including 15 years in global investing at CPP Investments and Ontario Teachers' Pension Plan.
CEO Thomas Lamb welcomed the new directors, noting their expertise in governance, finance, and strategy as the company focuses on advancing the Copper Mountain Uranium Project in Wyoming. Outgoing directors Cyril Amadi and Daye Kaba were thanked for their service.
Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) has completed a ground magnetometer survey at the Canning Deposit in the Copper Mountain Uranium Project, Wyoming. The survey revealed previously unknown mag lows that may indicate uranium mineralization, including areas below where historical drilling ended in mineralization. Myriad is adjusting its upcoming drilling program based on these results and historical data.
The company aims to convert historical uranium resources into current categories under NI 43-101. Myriad's CEO believes there's potential to surpass Union Pacific's achievements by targeting near-vertical fractures and drilling deeper, up to 500 meters. The survey covered 571 acres and included 104.8 line kilometers, providing high-resolution data to optimize drilling strategy.
Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) has closed another tranche of its non-brokered private placement financing, raising $1,170,000 through the issuance of 4,680,000 units at $0.25 per unit. Each unit includes one common share and half a warrant, exercisable at $0.30 until August 21, 2026. The company welcomed a Swiss uranium fund and other prominent investors, with proceeds intended for the 2024 exploration program at Copper Mountain.
Myriad holds a 75% earnable interest in the Copper Mountain Uranium Project, which saw $117 million in historical exploration by Union Pacific. The project has historical estimates of 15.7 to 30.1 Mlbs eU3O8 resources, with potential targets estimated at over 65 Mlbs. Myriad aims to bring these estimates current under NI 43-101 standards through upcoming drilling programs.
Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) has announced the continuation of its non-brokered private placement financing. The company has already raised $2,912,500 through the issuance of 11,650,000 units at $0.25 per unit in the first tranche. Each unit consists of one common share and half a warrant, with each full warrant allowing the purchase of one share at $0.30 for 24 months. Myriad aims to raise an additional $2,500,000 by issuing up to 10,000,000 more units. The funds will be used for mineral property exploration and general working capital. Securities issued will have a four-month hold period, and finder's fees may be paid.
Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) has appointed Simon Clarke to its Board of Directors. Clarke brings over 25 years of experience in building companies and implementing successful capital markets and growth strategies in mining, energy, and energy technology. He is currently the CEO and director of American Lithium Corp., which is developing the Macusani Uranium Project, one of the largest development stage uranium projects globally.
Clarke's experience includes co-founding and leading M2 Cobalt Corp. and Osum Oil Sands Corp., both of which were successfully acquired. His appointment comes at a time when Myriad is focusing on developing uranium projects in Wyoming, aiming to capitalize on the increasing demand for energy security.
Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) has announced its immediate exit from Niger, terminating its property option agreement with Loxcroft Resources dated August 17, 2022. This decision comes in the wake of the July 2023 coup d'etat in Niger, which has prevented the company from conducting operations in the country.
CEO Thomas Lamb stated that Myriad will now focus entirely on the Copper Mountain Uranium Project in Wyoming, USA. This project is noted for its significant past production, large historical uranium resource, and promising exploration potential.
Regent Mercantile Holdings has acquired a significant stake in Myriad Uranium Corp. (MYRUF) through a private placement transaction. Regent purchased 4,000,000 units at $0.25 per unit, totaling $1,000,000. Each unit consists of one common share and half a warrant. This acquisition gives Regent:
1. 4,000,000 Myriad shares (8.64% of outstanding shares)
2. 2,000,000 warrants
3. Potential ownership of 12.43% if all warrants are exercised
Regent states the acquisition is for investment purposes and may adjust its position in the future. This transaction triggers early warning requirements, with full details available on SEDAR+.
Myriad Uranium (CSE: M, OTCQB: MYRUF) has initiated a ground magnetometer survey at its Copper Mountain Uranium Project in Wyoming, USA. The company holds a 75% earnable interest in the project, which saw $78 million in exploration by Union Pacific in the 1970s. Key points:
1. Union Pacific discovered 7 uranium deposits and estimated resources of 15.7-30.1 Mlbs eU3O8.
2. Myriad plans an 84-hole exploration drill program this summer.
3. The goal is to convert historical resources to current NI 43-101 categories.
4. The survey covers 571 acres with 25-meter line spacing over 104.8 line-kilometers.
5. Drilling will focus on the 'High Grade Zone' of the Canning Deposit.
6. Myriad aims to report a maiden mineral resource estimate by Q1 2025.
CEO Thomas Lamb believes there's potential to increase historic grades, volumes, and discover new deposits based on improved understanding of the project's mineralization.
Myriad Uranium reported a successful site visit to their Copper Mountain Uranium Project in Wyoming, confirming historical drill hole locations. The project, initially explored by Union Pacific in the 1970s, has historical estimates of 15.7 to 30.1 Mlbs eU3O8 across seven uranium deposits, with potential over 65 Mlbs. Myriad Uranium plans to validate and expand these estimates under NI 43-101 standards, focusing initially on the 'High Grade Zone' of the Canning Deposit. The company aims to conduct geophysics, drilling, and other field activities efficiently following this site visit. CEO Thomas Lamb and Technical Committee member George van der Walt led the visit, confirming key site data and engaging with potential contractors.
