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. 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 Corp. (MYRUF) has announced a significant expansion of its Copper Mountain Project Area from 4,200 to 9,320 acres. The expansion includes several new prospects: Railroad, Steffen Hill, Cedar Ridge, Mole, West Mesa, and Lucky Cliff, plus extensions near existing areas. Historical drilling data shows promising uranium mineralization across these areas, with notable intersections including:
- Railroad: Up to 0.1% eU3O8 over 6 ft at 585 ft depth
- Lucky Cliff: 85 ft of 0.12% eU3O8
- Cedar Ridge: Up to 0.12% eU3O8 in outcrop
Historical estimates suggest significant potential, with Union Pacific previously estimating over 65 Mlbs potential in deposit areas, while Bendix assessed the district's potential at up to 600 Mlbs. The company also reported delays in chemical assays from its recent drill program due to high radioactivity levels in samples, requiring alternative analytical services.
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.