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) generates frequent news as it advances uranium exploration projects in the United States and pursues corporate transactions. Company releases highlight progress at the Copper Mountain Uranium Project in Wyoming, where Myriad has earned or holds a 75% interest under an option agreement with Rush Rare Metals Corp., and at the Red Basin Uranium Project in New Mexico, where it reports a 100% or earnable 100% interest subject to certain conditions in some disclosures.
News coverage for Myriad often focuses on exploration results at Copper Mountain, including drilling updates, chemical assay results, and technical interpretations. The company has reported that assays from drilling at the Canning deposit have, in many cases, exceeded earlier gamma probe-derived grades, identifying new mineralized intervals and extending known ones. It has also announced regulatory milestones such as the approval of a Plan of Operations by the Bureau of Land Management, which allows for up to 222 boreholes across multiple targets in the Copper Mountain Project Area.
Investors following MYRUF news can also expect updates on financings, such as non-brokered private placements and bought-deal offerings used to fund exploration and corporate activities. Myriad’s releases describe the terms of units, warrants, and related party participation, as well as intended use of proceeds. Corporate news includes equity incentive grants and a binding letter of intent for a proposed merger with Rush Rare Metals Corp., aimed at consolidating 100% ownership of Copper Mountain in Myriad.
This news page provides a centralized view of Myriad’s announcements on exploration progress, historical study interpretations, financing events, and proposed corporate combinations, helping readers track how the company is advancing its uranium projects and managing its capital structure over time.
Myriad Uranium Corp (CSE: M, OTCQB: MYRUF) has successfully closed an over-subscribed non-brokered private placement financing, raising $2,988,600 through the issuance of 7,471,500 units at $0.40 per unit. Each unit includes one common share and half a warrant, with each full warrant allowing purchase of one share at $0.55 until December 12, 2026.
The company paid $68,320 in finder's fees and issued 170,800 finder's warrants. Securities are subject to a four-month hold period until April 13, 2025. The proceeds will fund exploration of mineral properties and working capital, supporting continued momentum through winter operations, including geophysics and preparation for a 2025 drill program.
Myriad Uranium has completed its maiden drill program at the Copper Mountain Uranium Project in Wyoming, USA. Initial results from the Canning Deposit area have verified and exceeded historical results, with new deeper zones of mineralization discovered. The company plans to expand exploration in 2025 to other prospective areas including Midnight, Knob, Bonanza, and Mint, which were previously identified through historical exploration by Union Pacific and others.
Myriad Uranium has completed its maiden drill program at Copper Mountain with significant results. The program encountered 30 intervals greater than 1,000 ppm eU3O8 across 34 boreholes, with a peak grade of 8,060 ppm. The drilling validated historical data and discovered uranium mineralization below the historical 500-600 feet depth limit, opening new potential for the project.
Notable results include multiple high-grade intervals, with CAN0006 showing particularly impressive results of 5,936 ppm eU3O8 over 7.54 feet. The program confirmed mineralization across a strike length of 2,500 ft, and chemical assay results are pending from ALS Laboratories.
Myriad Uranium Corp (OTCQB: MYRUF) has announced a non-brokered private placement to raise up to $2.5 million through the issuance of 6.25 million units at $0.40 per unit. Each unit includes one common share and half a warrant, with each full warrant exercisable at $0.55 for 24 months. The proceeds will fund exploration at the Copper Mountain Project, including expanding the project footprint and conducting geophysics.
The company also appointed Simon Clarke as Chair of the Board of Directors. Clarke brings over 25 years of experience in mining and energy sectors, having previously led companies like American Lithium Corp and M2 Cobalt Corp, with significant achievements in company valuations and successful acquisitions.
Myriad Uranium reports significant uranium mineralization from drilling at the Copper Mountain Uranium Project in Wyoming. Spectral gamma ray logging confirms high-grade uranium at the Canning Deposit area across a 2,500 ft strike length. Notable results include intercepts of 2,530 ppm eU3O8 over 6.56 feet and 1,881 ppm eU3O8 over 8.20 feet. The thirteen holes reported contain 56 intervals greater than 200 ppm eU3O8, with 14 intervals exceeding 500 ppm and 5 intervals above 1,000 ppm. Recent calibration tests suggest earlier reported grades may have been understated by up to 13%. Results are pending chemical assay confirmation.
Myriad Uranium Corp (OTCQB: MYRUF) has exercised its option to acquire an initial 50% interest in the Copper Mountain Uranium Project in Wyoming, after exceeding $1.5 million in qualifying expenditures. The company issued 1,093,702 common shares valued at $400,000 ($0.365 per share). Additionally, Myriad granted 2,075,000 stock options at $0.50 per share and 2,475,000 Restricted Share Units to directors, officers, and consultants under a new omnibus long-term security-based incentive plan. The company also entered into a one-month marketing agreement with General Research GmbH for European services, worth 10,000 Euros.
Myriad Uranium has exercised its option to acquire an initial 50% interest in Rush Rare Metals' Copper Mountain uranium property in Wyoming. As part of the agreement, Myriad has issued 1,093,702 common shares to Rush, valued at $400,000 (approximately $0.365 per share). The shares are subject to a four-month hold period ending February 26, 2025. The Copper Mountain project has been expanded to include multiple uranium occurrences, identified through significant historical exploration investment. New drilling operations are underway to confirm historical data, with results expected soon.
Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) has announced promising results from initial drilling at the Copper Mountain Uranium Project in Wyoming, USA. Spectral gamma ray logging confirms high-grade uranium mineralization at the Canning Deposit area, validating historic work by Union Pacific. Highlights include:
- Multiple intervals reporting over 1,000 ppm eU3O8
- Peak grade in borehole CAN0006 reaching 8,060 ppm eU3O8
- Significant intervals such as 5,936 ppm eU3O8 over 7.54 feet and 2,105 ppm eU3O8 over 20.01 feet
- Elevated uranium mineralization (>200 ppm eU3O8) across multiple long intercepts in every hole drilled
The results corroborate or exceed expectations based on historic data, providing confidence in the potential of the Canning Deposit and the broader Copper Mountain Project Area.
Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) is accelerating its option to acquire an initial 50% interest in the Copper Mountain Uranium Project in Wyoming, USA. The company will issue 1,093,702 common shares to Rush Rare Metals Corp., valued at $400,000. This acceleration is possible as Myriad's qualifying expenditures at Copper Mountain have exceeded $1,500,000.
The shares will be issued at a deemed price of approximately $0.365 per share, subject to a four-month hold period. Myriad's CEO, Thomas Lamb, expressed confidence in the project's potential scale and quality. The company is focused on securing full 75% ownership of the project.
Additionally, Myriad has entered into a consulting services agreement with Arrow Park Capital Corp. for advertising and social media management services from October 21, 2024, to January 31, 2025, for a fee of $32,500 plus taxes.
Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) has closed the final tranche of its non-brokered private placement financing, raising gross proceeds of $1,845,890 through the issuance of 7,383,560 units at $0.25 per unit. Each unit consists of one common share and half a warrant, with each full warrant allowing the purchase of one share at $0.30 until October 7, 2026. Across three tranches since June 2024, the company has raised a total of $5,928,390, exceeding its $5 million target.
The company paid $75,056 in finder's fees and issued 300,224 finder's warrants. Proceeds will fund Myriad's 2024 exploration program at Copper Mountain and general working capital. A director participated in this tranche, considered a related party transaction but exempt from certain requirements due to its size.
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