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 (OTCQB: MYRUF) reports chemical assay results from 34 boreholes at the Copper Mountain Project (October–November 2024). Expanded chemical sampling (706 additional samples) increased measured uranium grades versus downhole spectral gamma (eU3O8), with chemical assays averaging ~20% higher. High-grade ranges showed larger gains: samples >=1,000 ppm eU3O8 averaged 60% higher by chemical assay; >=500 ppm averaged 50% higher. Additional sampling produced numerous new and extended mineralised intervals (e.g., 31 new intervals at 100 ppm cut-off; 5 new intervals at 500 ppm cut-off). Myriad links results to historical Bendix and Union Pacific data and notes planned expanded drilling under an approved 222-borehole plan of operations.
Myriad Uranium (OTCQB: MYRUF) announced that the U.S. Bureau of Land Management approved a Plan of Operations enabling up to 222 boreholes across the Copper Mountain Project, expanding permitted activity beyond the Canning deposit to targets including Mint, Arrowhead, Lucky Cliff and Gem. Currently the company is bonded for 70 holes under Wyoming drilling notification with additional bonding planned in phases. The company also granted 1,300,000 stock options (exercise $0.43, 5-year term) and 925,000 RSUs (expire Dec 31, 2028). A qualified person noted historical data require further verification.
Myriad Uranium (OTCQB:MYRUF) has obtained a comprehensive 1982 DOE report revealing significant uranium potential at Copper Mountain. The study, conducted by Bendix Field Engineering Corporation, estimates a potential mineral endowment of ~245 million pounds uranium in the Control Area (of which Myriad holds 70%) and ~655 million pounds in the larger Assessment Area (Myriad holds 29%).
The assessment was based on extensive data from Union Pacific's C$118 million exploration program including 2,000 boreholes, along with Bendix's own research. The study identified several promising target areas for intermediate-grade uranium deposits (100-500 ppm eU3O8) down to 600 feet depth, with additional potential below this "hard deck" as evidenced by Myriad's 2024 drilling findings at 1,495 feet.
Myriad Uranium (OTCQB:MYRUF) has successfully closed its non-brokered private placement financing, raising $595,400 through the issuance of 2,381,600 units at $0.25 per unit. Each unit includes one common share and a half warrant, with full warrants exercisable at $0.35 until September 24, 2027.
The company paid $7,000 in finder's fees and issued 28,000 finder's warrants exercisable at $0.25 until September 24, 2027. The proceeds will be used for mineral property exploration and working capital. Company directors and officers participated in the financing, which qualified for exemption from formal valuation and minority shareholder approval requirements.
Myriad Uranium (OTCQB: MYRUF) has expanded its previously announced non-brokered private placement from $125,000 to $550,000. The company will issue up to 2.2 million units at $0.25 per unit, with each unit consisting of one common share and a half warrant. Each full warrant allows purchasing one share at $0.35 within 24 months.
Three board members, including CEO Thomas Lamb, Tom Lee, and Simon Clarke, will participate in the financing. The proceeds will be used for general working capital as the company advances its Copper Mountain and Red Basin projects. The securities will be subject to a four-month hold period, and the company expects to pay finder's fees.
Myriad Uranium (OTCQB:MYRUF) has announced a follow-on non-brokered private placement financing to accommodate a key institutional investor. The company will issue 500,000 units at $0.25 per unit for gross proceeds of $125,000.
Each unit consists of one common share and one-half of one common share purchase warrant. Each full warrant allows the purchase of one share at $0.35 for 24 months from issuance. The securities will have a four-month hold period, and proceeds will be used for general working capital.
Myriad Uranium Corp. (OTCQB: MYRUF) and Rush Rare Metals Corp. (CSE: RSH) have announced a proposed merger through a statutory plan of arrangement. Under the deal, Myriad will acquire 100% of Rush's shares at an exchange ratio of 1 Myriad share for every 2 Rush shares.
The merger follows Myriad's successful acquisition of a 50% interest in the Copper Mountain Project in Wyoming, with progress toward acquiring an additional 25% interest through $4,000,000 in exploration expenditures. Rush shareholders will also receive shares in a new spinoff company (Rush Spinco) that will hold Rush's Boxi Property in Quebec.
Both companies believe that 100% unified ownership of the Copper Mountain Property will enhance its market value and attract institutional and strategic investors. The transaction is subject to various approvals, including Rush shareholders, British Columbia Supreme Court, and the Canadian Securities Exchange.
Myriad Uranium Corp. (OTCQB: MYRUF) has entered into three strategic investor relations service agreements totaling approximately C$104,100 over the next year. The company has partnered with Departures Capital Inc. (US$25,000), SOMA Public Relations (C$30,000), and HoldCo Markets Advisory Inc. (C$39,600) for various IR and communication services.
CEO Thomas Lamb highlighted that the company's Copper Mountain Uranium Project in Wyoming, supported by over 2,000 historical boreholes and C$117 million in historic exploration, may contain significantly higher uranium grades than previously reported. Recent chemical assays have revealed potentially significant mineralization in zones previously considered below cutoff. The company is conducting approximately 1,500 additional assays to evaluate the project's expanded potential.
The company cautions that historical estimates should not be unduly relied upon as current mineral resources or reserves, as they require verification through additional data digitization and drilling programs.Myriad Uranium (OTCQB: MYRUF) has successfully closed an over-subscribed private placement financing, raising $1.89 million through the issuance of 7.57 million units at $0.25 per unit. Each unit includes one common share and a half-warrant exercisable at $0.35 until July 2027.
The company's working capital now stands at approximately $3.2 million. The funds will support exploration of Myriad's mineral properties and general working capital. Notably, recent chemical assays at the Copper Mountain project have revealed significant "new" uranium deposits that were previously undetectable by gamma probes. The company is analyzing nearly 1,500 additional samples from 2024 drilling.
The company has also filed a plan to increase permitted boreholes at Copper Mountain from 50 to 70. Securities issued under the financing are subject to a four-month hold period until November 11, 2025.