Myriad Uranium: Unlocking the Potential of Wyoming's Copper Mountain Uranium Project

• Myriad Uranium is focusing its exploration efforts on the Copper Mountain project in Wyoming. The company aims to capitalize on the project's potential to become a significant source of uranium production in the United States.
• The Copper Mountain project benefits from extensive historic drilling data by Union Pacific which cost over C$117 million (in today's dollars) to obtain, which suggests the presence of a substantial uranium resource ranging from 15 to 30 million pounds, with the potential to exceed 65 million pounds.
• Myriad Uranium has recently completed a drilling program that not only validates the historic data but also indicates the potential for even higher-grade mineralization than previously expected. The company's CEO, Thomas Lamb, expressed enthusiasm about the results, stating that they have gone beyond what Union Pacific had originally found.
• To maximize the project's potential, Myriad Uranium is strategically expanding its footprint in the area and focusing on high-grade uranium targets, allowing the company to prioritize the most promising areas for further exploration and development.
• Myriad's management team brings a wealth of experience in the mining industry, particularly in advancing exploration projects worldwide. The company's technical advisors provide invaluable expertise and guidance to support the project's advancement.

Myriad Uranium Corp (CSE:M) is an emerging uranium exploration company focused on advancing the Copper Mountain project in Wyoming. With a wealth of historic drilling data, high-grade uranium targets, and a top-tier jurisdiction, Myriad presents a compelling opportunity for investors seeking exposure to the uranium sector.

Copper Mountain: The Significant Uranium Prospect

The Copper Mountain project, located in central Wyoming near Riverton, boasts an extensive drilling history from Union Pacific's uranium subsidiary, Rocky Mountain Energy, in the 1970s. Over C$117 million (in today's dollars) was invested in the project, with 2,000 drill holes completed. As CEO Thomas Lamb describes,

"The Copper Mountain project has an estimated uranium resources ranging from 15 to 30 million pounds, with the potential to exceed 65 million pounds. It's almost akin to a resource exploration target."

Validating and Expanding Historic Data

Myriad's primary objective is to validate the historic drilling data and expand upon Union Pacific's findings. The company recently completed a 34-hole drill program, confirming the presence of high-grade uranium mineralization.

"Some of the areas where we drilled expecting 2,500-3,000 ppm, we got up to 8,000 ppm," Lamb noted. "Even better, so validated, got great results, gone beyond what we expected."

Strategic Exploration Approach

Myriad is taking a targeted approach to exploration, prioritizing high-grade zones and areas with significant expansion potential. The company has identified priority targets that Union Pacific was unable to fully advance, as well as new prospects within their expanding project area. Lamb emphasizes the importance of efficient resource allocation:

"We do not want to raise vast amounts of money, dilute, and blow the money off by just doing drilling that's not going to really be value-add."

Interview with CEO Thomas Lamb

Jurisdiction and Permitting

Wyoming is widely regarded as one of the best jurisdictions for mining, particularly for uranium. Myriad has found the permitting process to be straightforward and efficient, with no unexpected delays. The company is currently applying for a comprehensive Plan Of Operations (POO), which will permit a significant number of drill holes for the upcoming spring, summer, and fall seasons.

The uranium market is experiencing a period of heightened interest, driven by supply constraints, geopolitical factors, and growing demand for clean energy. Myriad is well-positioned to capitalize on these market dynamics.

Lamb notes, "Behind the scenes, we have this big historical resource and lots of upside potential, and we're right in the middle of Wyoming, the best jurisdiction, definitely getting lots of attention."

Conclusion

Myriad Uranium presents a unique opportunity for investors to gain exposure to a high-potential uranium exploration project in a top-tier jurisdiction. With a significant historic resource, validation of high-grade mineralization, and an experienced team at the helm, Myriad is well-positioned to create value for shareholders as they advance the Copper Mountain project.

The Investment Thesis for Myriad Uranium

• Significant historic resource with estimated 15-30M lbs U₃O₈ and potential to exceed 65M lbs U₃O₈
• Recent drilling validates and expands upon historic high-grade results
• Strategic approach prioritizing high-grade zones and expansion potential
• Top-tier jurisdiction in Wyoming with straightforward permitting
• Experienced management and strong technical team
• Well-positioned to capitalize on favourable uranium market dynamics
• Potential for resource growth and value creation as exploration advances

Macro Thematic Analysis

The global uranium market is undergoing a significant shift, with supply constraints and growing demand for clean energy sources driving renewed interest in the sector. Myriad Uranium captures the essence of the opportunity in the uranium space – the potential for new discoveries and resource growth in high-quality jurisdictions like Wyoming.

Geopolitical factors, such as the bifurcation of the market between East and West and the increasing influence of Russia, China, and Kazakhstan, underscore the importance of securing domestic uranium supply in the United States. Myriad Uranium, with its substantial historic resource and promising exploration results, is well-positioned to contribute to the nation's uranium production and support the transition to clean energy.

As investors seek exposure to the uranium sector, companies like Myriad, with strong management teams, strategic approaches, and projects in top-tier jurisdictions, are likely to attract significant interest. The company's ability to validate and expand upon historic data, prioritize high-grade zones, and efficiently allocate resources sets them apart from peers and positions them for success in the current market environment.