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Myriad Uranium Corp. reports on uranium exploration and project development centered on the Copper Mountain Uranium Project in Fremont County, Wyoming. Company news covers NI 43-101 technical reporting, drill planning and assay follow-up, airborne magnetic and radiometric geophysics, land staking, ground-truthing of exploration targets, and the interpretation of historical uranium datasets.
Recurring updates also address U.S. critical-minerals policy as it relates to domestic uranium supply, corporate presentations for the junior mining market, strategic advisory appointments, and portfolio or alliance activity tied to uranium projects in the United States.
Myriad Uranium (MYRUF) reported preliminary downhole gamma-derived eU3O8 results from three Phase II drill holes at the Gem deposit on the Copper Mountain Uranium Project in Wyoming.
The 507 metres of core drilling (three vertical holes) all intersected multiple broad, near-surface uranium intervals, with 21 mineralized intervals above 100 ppm eU3O8. The best interval is 34.90 metres at 210 ppm eU3O8 from 10.65 metres in hole GEM0002DD, which also returned a peak grade of 1,368 ppm eU3O8. Hole GEM0001DD includes 29.41 metres at 295 ppm eU3O8, and GEM0003DD includes 33.22 metres at 235 ppm eU3O8. These equivalent uranium grades are radiometric estimates from Century Geophysical’s OREGRADE system, are not chemical assays, and will be confirmed by laboratory QAQC assays. The program is designed to verify historical estimates and generate data for a potential maiden mineral resource estimate at Copper Mountain.
Myriad Uranium (CSE: M, OTCQB: MYRUF, FSE: C3Q) has acquired 46,223,258 common shares of Rush Rare Metals through a statutory plan of arrangement, resulting in Myriad now owning 100% of Rush’s issued and outstanding shares.
As consideration under the Arrangement, Myriad issued 24,983,671 Myriad common shares to former Rush shareholders at a deemed price of $0.42 per share, for an aggregate value of $10,493,141.80. Prior to this transaction, Myriad held no Rush shares. The company also highlights its existing uranium-focused assets, including a 100% interest in the Copper Mountain Uranium Project in Wyoming, a 10% free carried interest in the Red Basin Uranium Project, and its 100%-owned Breccia Pipe Project in Arizona, all of which have historical uranium or REE resource estimates that Myriad plans to further evaluate.
Myriad Uranium (CSE:M, OTCQB:MYRUF, FSE:C3Q) corrected an error in its August 20, 2026 news release regarding historical resource data for the Copper Mountain Uranium Project in Wyoming. The historical estimate of 26.63 Mlbs eU₃O₈ is now stated as contained in 48.95 Mt at 269 ppm eU₃O₈, using a 100 ppm cut-off, instead of the previously published 44.1 Mt at 171 ppm.
According to Myriad, these historical estimates, compiled from 1970s Rocky Mountain Energy work and using U.S. Bureau of Mines categories, are not classified as current mineral resources or reserves under NI 43-101 and require verification through re-drilling. The company cautions investors not to place undue reliance on the historical figures. A Qualified Person, George van der Walt of The MSA Group, has reviewed the technical disclosure but has not verified the underlying historical data. Myriad also highlights its interests in the Copper Mountain, Red Basin, and Breccia Pipe uranium projects, all of which host historical (non-current) resource estimates.
Myriad Uranium (CSE:M, OTCQB:MYRUF, FSE:C3Q) has completed the acquisition of 100% of the issued and outstanding common shares of Rush Rare Metals via a statutory plan of arrangement. Myriad issued 24,983,671 Myriad shares to Rush shareholders, based on an exchange ratio of approximately 1 Rush share for 0.5405 Myriad shares, and replaced Rush options with 2,110,120 Myriad options.
The Arrangement was approved by Rush shareholders on August 17, 2026 and received a final court order on August 19, 2026, after which Rush became a wholly owned subsidiary and its shares were delisted from the CSE. As part of the transaction, Rush shareholders also received 11,555,816 shares of a Rush subsidiary (Spinco) holding the Boxi Property in Quebec, funded with $100,000. Certain Myriad insiders participated, qualifying the deal as a related party transaction under MI 61‑101, but it was exempt from formal valuation and minority approval.
Myriad Uranium (OTCQB: MYRUF) reported preliminary downhole gamma probe equivalent uranium results from four Phase II drill holes at the Lucky Cliff target, part of the Copper Mountain Uranium Project in Wyoming. The holes totalled 716.6 m of drilling and all intersected near-surface mineralization, yielding 50 intervals above 100 ppm eU₃O₈.
The best interval is 19.96 m at 269 ppm eU₃O₈ from 18 m in hole LUC0004DD, with a peak grade of 1,336 ppm eU₃O₈. These radiometric grades, calculated by Century Geophysical’s OREGRADE system, are preliminary and subject to confirmation by chemical assays and QAQC protocols. Lucky Cliff lies outside historical resource areas, so any future resource there would be incremental to the Copper Mountain mineral endowment, if supported by sufficient work.
Myriad Uranium (OTCQB: MYRUF) and Rush Rare Metals announced that Rush obtained a final order from the Supreme Court of British Columbia approving their statutory plan of arrangement. Under this deal, Myriad will acquire all outstanding Rush shares in exchange for Myriad shares and a spinout interest.
Rush shareholders are to receive one Myriad share for every 1.85 Rush shares, plus one share of Rush Spinco for every four Rush shares, relating to the Boxi Property spin-out. Completion, targeted on or about August 21, 2026, remains subject to customary closing conditions, including final Canadian Securities Exchange approval. After closing, Rush will become a wholly owned subsidiary of Myriad, its shares will be delisted from the CSE, and it intends to cease being a reporting issuer.
Myriad Uranium (CSE:M, OTCQB:MYRUF, FSE:C3Q) outlined progress toward closing its acquisition of Rush Rare Metals, confirming that Rush has filed its management information circular for an August 17, 2026 shareholder meeting. Rush shareholders will vote on a special resolution approving a statutory plan of arrangement under which Myriad will acquire 100% of Rush’s common shares.
Under the February 13, 2026 Definitive Agreement, each Rush share will be exchanged for 0.5405 Myriad shares, and Rush’s convertible securities will be replaced with Myriad equivalents adjusted to this ratio. Rush has spun out its Boxi Property into Rush Spinco, and Rush shareholders will receive one Rush Spinco share for every four Rush shares in addition to Myriad shares. Closing remains subject to Rush shareholder, court and regulatory approvals; afterwards Rush will be a wholly owned Myriad subsidiary and delisted from the CSE.
Myriad Uranium (OTCQB: MYRUF) has begun Phase II drilling at the Copper Mountain uranium project in Wyoming. Initial holes target Lucky Cliff, a historically drilled but underexplored zone outside the Bendix Assessment Area.
Phase II will also test areas hosting historical resource estimates of 26.6 Mlbs eU3O8 and new geophysical targets, and aims to support a current NI 43-101 mineral resource. A 1982 Bendix study outlined a conceptual exploration target of 245–655 Mlbs eU3O8. The company also highlights a pending merger with Rush to consolidate 100% of Copper Mountain, a planned uplisting to a major US exchange, and advancement of its Red Basin and Arizona breccia pipe projects.
Myriad Uranium (OTCQB: MYRUF) acquired 15 Arizona state mineral leases and 8 split‑estate claims totaling 5,600 acres, hosting 23 breccia pipe uranium targets with potential REEs. Two additional leases are pending.
Wedgemount Resources received a 3‑year option (from June 8, 2026) to earn up to 75% by paying US$75,000, issuing shares to give Myriad 9.9% of Wedgemount, and funding Cdn$4M in exploration. Myriad can later fund Cdn$5M to return to 50% via joint venture.
The portfolio includes the Wate breccia pipe, with a 2015 historical resource estimate of 1.12M lbs eU3O8 at 0.79% grade, not current under NI 43‑101 and subject to verification.
Myriad Uranium (OTCQB: MYRUF) has engaged Nasco Industrial Services and Supply to conduct Phase II drilling at the Copper Mountain uranium project in Wyoming. A staged program of 4,500 m across two stages is planned, with potential expansion to 7,000–10,000 m in Stage 3.
Stage 1 targets deposits supporting historic estimates totaling 26.63 Mlbs eU3O8, while Stage 2 tests additional targets, including areas highlighted in the U.S. Department of Energy Bendix Report, which outlined a conceptual exploration target of 245–655 Mlbs within the Copper Mountain assessment area.
The company emphasizes these figures are historical or conceptual, not current mineral resources, and that new drilling and sampling are required to verify and potentially upgrade them to compliant mineral resource estimates.