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. (OTCQB: MYRUF) has announced the extension of 884,668 warrants that were originally issued on June 1, 2023. The warrants' expiration date will be extended by 12 months from June 1, 2025 to June 1, 2026. The warrants remain exercisable at $0.35 per share.
Of the total warrants, 50,000 are held by a company director, making this extension a related party transaction. However, this transaction is exempt from formal valuation and minority shareholder approval requirements under MI 61-101 as it falls below the 25% market capitalization threshold.
Myriad Uranium Corp (OTCQB: MYRUF) has significantly expanded its Red Basin Uranium Project in New Mexico by staking 77 new claims, nearly doubling its acreage from 1,753 to 3,324 acres. The company now controls the majority of historical drilling sites (over 1,050 holes) and all identified historical uranium resources in the district. Historical estimates indicate 0.5 Mlbs Indicated and 1.5-6.5 Mlbs Inferred uranium resources, with grades ranging from 0.17% to 0.31% U3O8 and up to 1.64% V2O5.
The mineralization is contained in roll-front deposits within permeable sandstones, extending from surface to depths under 450 feet. The broader Datil Mountains-Pietown area is estimated to contain 30-45 Mlbs of uranium mineralization, potentially suitable for in-situ recovery. The company is leveraging expertise from advisors with direct experience in the 1970s and 1980s drilling programs.
Myriad Uranium has reported chemical assay results from 8 additional boreholes at their Copper Mountain Uranium Project in Wyoming. The results show uranium grades up to 50% higher than previously reported gamma probe measurements, using a 1,000 ppm cut-off.
Key findings include exceptional uranium concentrations, with highlights such as:
- 3,388 ppm U3O8 over 2.40 feet in CAN0001
- 2,131 ppm U3O8 over 3.40 feet in CAN0010
- 3,031 ppm U3O8 over 10.60 feet in CAN0024
The chemical assays demonstrate significant positive disequilibrium, with grades averaging 24% higher using a 200 ppm cut-off and 50% higher using a 1,000 ppm cut-off compared to previous gamma probe results. This suggests that historic resource estimates may have been conservative. Results from 6 remaining boreholes are pending.
Myriad Uranium Corp (CSE: M, OTCQB: MYRUF) has appointed Eduards Smirnovs as external Industry Advisor. Smirnovs brings extensive uranium sector expertise, having served as CEO of both Uranium One Inc. and Lotus Resources. His experience includes overseeing six producing mines and three construction-ready projects at Uranium One Inc., as well as leading Lotus Resources' efforts to refurbish a past-producing mine.
The appointment comes amid an anticipated uranium sector resurgence following President Trump's March 20, 2025 Executive Order designating uranium as a critical mineral. Smirnovs' experience with Uranium One Americas Inc. operations, including the Shootaring Canyon Uranium Mill in Utah and Irigaray Central Processing Plant in Wyoming, aligns with Myriad's U.S. uranium project development goals.
As part of the appointment, Myriad has granted Smirnovs 150,000 stock options at $0.26 per share, exercisable over five years with staggered vesting periods through March 31, 2026.
CEO.CA, a leading investor social network for junior resource and venture stocks, recently featured an interview with Thomas Lamb, CEO of Myriad Uranium (MYRUF). The interview, part of CEO.CA's 'Inside the Boardroom' series, focused on Myriad's uranium projects at Copper Mountain and Red Basin.
CEO.CA, founded in 2012 and now a subsidiary of EarthLabs Inc., has established itself as one of Canada's most popular free financial websites, attracting millions of visitors annually. The platform serves as a hub for investors to connect, share knowledge, and access information about stocks, commodities, and emerging companies.
Myriad Uranium Corp. (MYRUF) has announced significant chemical assay results from 20 boreholes at its Copper Mountain Uranium Project in Wyoming. The analysis reveals that U3O8 grades are 20% higher on average than previously reported gamma probe results, with extensive uranium mineralization discovered in areas where probe detection was
Key findings include multiple high-grade intervals exceeding 1,000 ppm U3O8 over 3+ feet, with peak grade of 8,325 ppm U3O8 in CAN0006. Notable intersections include:
- CAN0004: 5,337 ppm U3O8 over 4.20 feet
- CAN0006: 4,361 ppm U3O8 over 7.50 feet
- CAN0008: 2,829 ppm U3O8 over 6.50 feet
Results from the remaining 14 boreholes are pending, including deeper mineralization at over 1,500 feet in CAN0034. The company plans to expand drilling sampling to include previously excluded 'low-grade' areas based on these findings.
Myriad Uranium Corp (CSE: M, OTCQB: MYRUF) has issued 612,164 common shares to FirstAmerican Energy Fuels as part of a property option agreement dated January 30, 2025, for the Red Basin Uranium Project in New Mexico. The shares were issued at approximately C$0.408 per share, totaling C$250,000 based on a 10-day VWAP.
The Red Basin Project comprises 86 lode claims covering approximately 1,776 acres in the Datil Mountains - Pietown Uranium District, Catron County. To complete the option agreement and acquire 100% interest in the project, Myriad must conduct a geophysics survey by January 30, 2026. The issued shares are subject to a four-month hold period ending June 12, 2025.
Myriad Uranium Corp (OTCQB: MYRUF) has entered into an option agreement to acquire 100% interest in the Red Basin Uranium Project in New Mexico. The project comprises 86 lode claims covering approximately 1,776 acres in the Datil Mountains - Pietown Uranium District.
The acquisition terms include immediate cash and share payments totaling C$525,000, with the option becoming fully exercised upon completion of a geophysical survey within 12 months. The project contains historical high-grade uranium-vanadium mineralization of 0.17% - 0.31% U3O8 near surface, with historical estimates suggesting 1.5 - 6.5 million pounds U3O8 (inferred). The mineralization is found in roll-front deposits hosted in sandstones from surface to depths of less than 450 feet.
The broader Datil Mountains - Pietown area could potentially contain 40 Mlbs or more of high-grade uranium. The project area encompasses the majority of historical 1,000 boreholes drilled in the Red Basin, with significant potential for associated vanadium up to 1.64% V2O5.
Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) has announced the granting of 225,000 incentive stock options to consultants and 1,095,000 restricted share units (RSUs) to directors, officers, and consultants. The options vest immediately and can be exercised at $0.40 per share within five years. The RSUs will vest in three equal portions over three years, with potential accelerated vesting triggered by: a change in company control, sale of material assets, or if the stock price reaches $1.00 or higher on the Canadian Securities Exchange.