Meryllion Resour Stock Price, News & Analysis

Meryllion Resources Corporation (CSE: MYR; OTC: MYRLF) is an exploration-stage mining company. According to multiple company news releases, Meryllion is listed on the Canadian Securities Exchange and focuses on mineral exploration projects with exposure to gold, silver, antimony and ionic adsorption clay hosted rare earth elements (REE).

The company describes itself as an exploration-stage company, meaning its activities are centred on identifying, evaluating and advancing mineral projects rather than operating producing mines. Its stated use of capital from private placements and loans is to fund exploration activities and provide working capital.

Core Projects and Exploration Focus

Based on the company’s announcements, Meryllion’s current project portfolio includes:

• Makenzie gold/silver/antimony project (Nevada, USA) – Meryllion has entered into a lease and option agreement with Bull Mountain Resources LLC covering the Makenzie project in Nye County, Nevada. The company states that Makenzie is a large low-sulphidation epithermal style multi-vein underground target located in the Toiyabe Range of central Nevada, approximately 44 kilometres south-southwest of Austin. In multiple news releases, Meryllion notes that Makenzie is regarded as one of the largest known untested gold, silver and antimony anomalies in the state of Nevada.
• Ionic adsorption clay hosted REE projects (Tasmania, Australia) – Meryllion reports that it has the rights to acquire up to a 100% interest in the Westbury and Tasmanian Strategic Green Metals ionic adsorption clay (IAC) hosted rare earth elements projects in northeast Tasmania, Australia. The combined tenement area is described as approximately 800 square kilometres. Company disclosures state that these IAC REE projects are situated along strike and/or adjacent to discoveries by ABx Group Limited (ASX: ABX).

In its news releases, Meryllion highlights that ABx has reported terbium (Tb) and dysprosium (Dy) concentrations in its rare earths resources that are among the highest of any ionic adsorption clay deposit in Australia and amongst the highest globally, while also noting that information from adjacent properties is not necessarily indicative of mineralization on Meryllion’s leases.

Makenzie Project Details

The Makenzie project is described as covering a large area of more than 2.5 square kilometres, with geology comprising NE-trending silicified breccia bodies associated with a rhyolite porphyry dike intruding a thick package of felsic tuffs and tuffaceous sediments. Company disclosures note extensive argillic and silicic alteration and anomalous gold, silver and antimony geochemistry, with strata-bound mineralization documented in silicified mudstones and other water-lain sediments.

Historical work at Makenzie referenced by Meryllion includes rotary drilling by ASARCO Exploration in the 1980s, geophysical surveys and sampling by Silverthorn Exploration Inc. in 2008–2009, and further sampling and mapping by La Cuesta International (LCI) in 2014–2015. Reported historical results cited by Meryllion include anomalous gold and silver values and significant antimony grades from rock chip and channel samples. The company states that previous drilling was focused on an open pit disseminated gold target and did not sufficiently test higher-grade epithermal veining and strata-bound targets that Meryllion has identified.

Under the lease and option agreement with Bull Mountain Resources, Meryllion has staked additional claims around Makenzie, bringing the combined project area to 102 claims over more than 8 square kilometres. The agreement outlines scheduled cash payments and minimum work commitments, including exploration expenditures and drilling milestones over several years, with the potential for Meryllion to acquire a 100% interest in the property and grant a net smelter return (NSR) royalty to the vendor.

Tasmanian IAC Rare Earths Projects

Meryllion’s Westbury and Tasmanian Strategic Green Metals projects in northeast Tasmania are described as ionic adsorption clay hosted rare earth elements projects. The company reports that these tenements are located along strike and/or adjacent to ABx Group Limited’s rare earths discoveries. In its news releases, Meryllion notes ABx’s disclosure that its resources contain relatively high proportions of heavy rare earths such as terbium and dysprosium, while also acknowledging that results from adjacent properties are not necessarily indicative of mineralization on Meryllion’s projects.

The company has indicated that it intends to undertake drilling campaigns on its IAC REE projects, with drilling permits in place and a budgeted program referenced in its private placement announcements. Proceeds from share offerings are described as being used to fund exploration on these rare earths projects as well as for general working capital.

Capital Markets and Corporate Activity

Meryllion’s disclosures show that it is listed on the Canadian Securities Exchange (CSE) under the symbol MYR. The OTC symbol MYRLF is used for trading in the United States. The company frequently references CSE policies and approvals in connection with its financings and warrant amendments.

Recent corporate and capital markets activities described in news releases include:

• Non-brokered private placements of common shares, with proceeds earmarked for exploration activities and working capital.
• Shares-for-debt settlements with a related party to settle outstanding loans through the issuance of common shares, conducted under the related party transaction exemptions of Multilateral Instrument 61-101.
• Related party loan arrangements providing working capital, with terms such as unsecured status, fixed interest and defined maturities.
• Warrant term extensions for previously issued common share purchase warrants, subject to CSE approval and conducted under applicable exchange policies.

In each case, the company notes its reliance on specific exemptions under Canadian securities regulations where transactions involve insiders or related parties, and it discloses changes in significant shareholdings when required under early warning rules.

Exploration Stage Profile

Across its disclosures, Meryllion consistently characterizes itself as an exploration-stage company. Its activities focus on acquiring and advancing mineral projects through geological evaluation, historical data review, sampling, geophysical surveys and planned drilling programs. The company’s stated objective is to fund exploration at its Makenzie gold/silver/antimony project in Nevada and its ionic adsorption clay hosted rare earth elements projects in northeast Tasmania.

Because Meryllion is at the exploration stage, its news releases emphasize geological potential, historical exploration data and planned work programs rather than production metrics. Investors reviewing the company typically consider factors such as project geology, historical results, planned exploration, financing arrangements and regulatory disclosures.

Geographic Footprint

Based on company announcements, Meryllion’s primary project areas are:

• Nye County, Nevada, USA – Makenzie gold/silver/antimony project in the Toiyabe Range of central Nevada.
• Northeast Tasmania, Australia – Westbury and Tasmanian Strategic Green Metals ionic adsorption clay hosted rare earth elements projects, with a combined tenement area of approximately 800 square kilometres.

The company issues its news releases from Vancouver, British Columbia, indicating a corporate presence in Canada, while its projects are located in the United States and Australia.

Regulatory and Technical Oversight

Meryllion’s technical disclosures reference National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The company identifies a Qualified Person, as defined under NI 43-101, who has reviewed and approved the scientific and technical information in certain releases. This framework is intended to govern how exploration results and geological interpretations are reported for Canadian-listed mineral exploration companies.

Stock and Trading Information

Meryllion Resources Corporation trades on the Canadian Securities Exchange under the ticker MYR and is quoted in the United States under the symbol MYRLF. Company announcements emphasize that CSE approval is required for various corporate actions, including private placements, warrant extensions and shares-for-debt transactions.