Myriad Uranium (CSE:M) - Exceeding Expectations at Wyoming's High-Grade Copper Mountain Project

Interview with Thomas Lamb, CEO of Myriad Uranium Corp.

Our previous interview: https://www.cruxinvestor.com/posts/myriad-uranium-csem-leveraging-historical-data-for-high-grade-discovery-5873

Recording date: 21st November 2024

Myriad Uranium Corp (TSXV:M) presents a unique investment opportunity in the uranium exploration space, focusing on the historic Copper Mountain project in Wyoming. With a significant historic resource, recent validation of high-grade mineralization, and an experienced management team, Myriad is well-positioned to create value for investors as they advance the project amid a favorable uranium market environment.

The Copper Mountain project boasts an extensive drilling history from the 1970s, with Union Pacific's uranium subsidiary investing over C$117 million (in today's dollars) and completing 2,000 drill holes. Union Pacific estimated uranium resources ranging from 15 to 30 million pounds, with the potential to exceed 65 million pounds. Myriad's primary objective is to validate this historic data and expand upon the findings, and recent drilling results have been highly encouraging.

A 34-hole drill program completed by Myriad confirmed the presence of high-grade uranium mineralization, with some areas yielding grades up to 8,000 ppm, significantly higher than the expected 2,500-3,000 ppm range. CEO Thomas Lamb noted, "We've gone beyond what Union Pacific found, too, which is very cool."

Myriad is taking a strategic 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. This targeted approach allows for efficient resource allocation and minimizes the risk of dilution for investors.

Wyoming, where the Copper Mountain project is located, 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, which will permit a significant number of drill holes for the upcoming spring, summer, and fall seasons.

Myriad's success is underpinned by an experienced management team and a strong roster of technical advisors. CEO Thomas Lamb brings extensive experience in advancing exploration projects worldwide, while the company's geologist, George van der Walt is praised for his exceptional planning and organizational skills. Advisors Jim Davis and Doug Christofferson contribute vast industry experience, with Davis having worked at Copper Mountain previously.

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, with a substantial historic resource and promising exploration results in a top-tier jurisdiction.

In conclusion, Myriad Uranium represents a compelling opportunity for investors seeking exposure to the uranium exploration sector. With a significant historic resource, validation of high-grade mineralization, an experienced team, and a strategic approach to exploration in a top-tier jurisdiction, Myriad is poised to create value for shareholders as they advance the Copper Mountain project.

View Myriad Uranium's company profile: https://www.cruxinvestor.com/companies/myriad-uranium

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