Myriad Uranium Corp Stock Price, News & Analysis

Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) has announced its immediate exit from Niger, terminating its property option agreement with Loxcroft Resources dated August 17, 2022. This decision comes in the wake of the July 2023 coup d'etat in Niger, which has prevented the company from conducting operations in the country.

CEO Thomas Lamb stated that Myriad will now focus entirely on the Copper Mountain Uranium Project in Wyoming, USA. This project is noted for its significant past production, large historical uranium resource, and promising exploration potential.

Regent Mercantile Holdings has acquired a significant stake in Myriad Uranium Corp. (MYRUF) through a private placement transaction. Regent purchased 4,000,000 units at $0.25 per unit, totaling $1,000,000. Each unit consists of one common share and half a warrant. This acquisition gives Regent:

1. 4,000,000 Myriad shares (8.64% of outstanding shares)
2. 2,000,000 warrants
3. Potential ownership of 12.43% if all warrants are exercised

Regent states the acquisition is for investment purposes and may adjust its position in the future. This transaction triggers early warning requirements, with full details available on SEDAR+.

Myriad Uranium (CSE: M, OTCQB: MYRUF) has initiated a ground magnetometer survey at its Copper Mountain Uranium Project in Wyoming, USA. The company holds a 75% earnable interest in the project, which saw $78 million in exploration by Union Pacific in the 1970s. Key points:

1. Union Pacific discovered 7 uranium deposits and estimated resources of 15.7-30.1 Mlbs eU3O8.
2. Myriad plans an 84-hole exploration drill program this summer.
3. The goal is to convert historical resources to current NI 43-101 categories.
4. The survey covers 571 acres with 25-meter line spacing over 104.8 line-kilometers.
5. Drilling will focus on the 'High Grade Zone' of the Canning Deposit.
6. Myriad aims to report a maiden mineral resource estimate by Q1 2025.

CEO Thomas Lamb believes there's potential to increase historic grades, volumes, and discover new deposits based on improved understanding of the project's mineralization.

Myriad Uranium reported a successful site visit to their Copper Mountain Uranium Project in Wyoming, confirming historical drill hole locations. The project, initially explored by Union Pacific in the 1970s, has historical estimates of 15.7 to 30.1 Mlbs eU3O8 across seven uranium deposits, with potential over 65 Mlbs. Myriad Uranium plans to validate and expand these estimates under NI 43-101 standards, focusing initially on the 'High Grade Zone' of the Canning Deposit. The company aims to conduct geophysics, drilling, and other field activities efficiently following this site visit. CEO Thomas Lamb and Technical Committee member George van der Walt led the visit, confirming key site data and engaging with potential contractors.

Myriad Uranium Corp. (CSE: M, OTCQB: MYRUF, FSE: C3Q) has entered into a consulting services agreement with Walk the Street Capital Inc. (WTS Capital) on June 27, 2024. WTS Capital will handle Myriad's media content strategy, creation, and dissemination. The agreement, starting on July 1, 2024, has an initial term of 60 days, with a payment of $74,500 for services. The agreement may be renewed upon mutual consent. This partnership aims to enhance the visibility and communication of the Copper Mountain Uranium Project's potential, which previously saw significant exploration by Union Pacific in the 1970s. WTS Capital holds 60,000 Myriad common share purchase warrants exercisable at $0.30, but otherwise does not own any Myriad securities.

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.