Myriad Uranium Corp - MYRUF STOCK NEWS

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.

Myriad Uranium has successfully closed the first tranche of its non-brokered private placement financing, raising $2,912,500 through the issuance of 11,650,000 units at $0.25 per unit. Each unit consists of one common share and one-half of one common share purchase warrant, exercisable at $0.30 per share until June 24, 2026. The funds will be used for exploration and general working capital. CEO Thomas Lamb highlighted the inclusion of strategic investors and the immediate commencement of a surface magnetometer survey. The company also paid aggregate finder's fees of $111,800 and issued 447,200 finder's warrants. The securities are subject to a four-month hold period expiring October 25, 2024. A second tranche is expected to close soon, with more details on the 2024 exploration program to follow.

Myriad Uranium Corp. (CSE: M, OTCQB: MYRUF, FSE: C3Q) announced a non-brokered private placement of 20 million units at $0.25 per unit, raising $5 million. Each unit includes one common share and a half-share purchase warrant, with each full warrant allowing the purchase of one share at $0.30 within 24 months. Issued securities will be subject to a four-month hold period. The proceeds will fund exploration of the company's mineral properties and general working capital. Finder's fees may be paid in connection with the financing. The securities are not registered for sale in the U.S.

Myriad Uranium Corp. announces that its earn-in partner Rush Rare Metals Corp. has secured a 20-year mining lease at the Copper Mountain Uranium Project with Diamond X Ranch. The lease expands the project by 320 acres, enhancing access to the North Canning deposit area. Myriad has paid a signing bonus of US$5,000 and the first-year property lease payment of US$8,000. The lease terms include flat royalties on uranium production based on the rights held by Diamond X. The company is optimistic about the potential for uranium production at Copper Mountain, especially with recent high-grade discoveries and historical resource verification underway.

Myriad Uranium Corp. acquires historic Bonanza and Kermac/Day uranium mines at Copper Mountain through its earn-in partner Rush Rare Metals Corp. The Bonanza Mine produced 780,000 lbs from 30,000 tons of ore at 1.3% eU3O8, while the Day Mine mined 1,152 tons of ore at grades between 0.12% and 0.56% eU3O8 in the early 1960's. The acquisition expands Myriad's interest to 3,886 acres from 3,605 acres, showing promising potential for uranium mineralization.

Myriad Uranium Corp. and Rush Rare Metals Corp. have acquired the 'Midnight Prospect' at Copper Mountain based on historical data, potentially containing up to 10 Mlbs eU3O8. The area shows favourable elements for uranium mineralization, with significant potential for high-grade deposits. Myriad's CEO plans further exploration guided by proprietary historical data, indicating a promising future for the district.

Myriad Uranium Corp. announces significant high-grade uranium intervals at Copper Mountain project, providing a clear path to re-evaluate resources and confirm feasibility of mining. The intervals relate to 82 boreholes drilled into the 'High Grade Zone' of the North Canning deposit, showing high-grade material close to the surface. CEO Thomas Lamb highlights the potential for fast-tracking confirmation work and increasing overall grades and volumes at Copper Mountain.

Myriad Uranium Corp. announces the staking of Knob claims in the Copper Mountain Uranium District, potentially containing up to 500,000 lbs U3O8. Myriad holds a 75% earnable interest in the area, aiming to increase uranium grade and volume. Historical data sets reveal high-grade targets for expansion.

Myriad Uranium Corp. (MYRUF) will be presenting at Red Cloud's Pre-PDAC 2024 Mining Showcase in Toronto from February 29 to March 1, 2024. Thomas Lamb will present on February 29 at 4:20 PM EST. Shareholders and interested parties are invited to attend by registering at the provided link.