18:04:41 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Myriad Uranium Corp
Symbol M
Shares Issued 29,067,837
Close 2023-12-05 C$ 0.215
Market Cap C$ 6,249,585
Recent Sedar Documents

Myriad Uranium arranges $500,000 private placement

2023-12-05 16:15 ET - News Release

Mr. Thomas Lamb reports

MYRIAD ANNOUNCES PRIVATE PLACEMENT

Myriad Uranium Corp. will be conducting a non-brokered private placement of up to $500,000 at a price of 15 cents per unit. Each unit will consist of one common share and one-half of one share purchase warrant. Each full warrant will entitle the holder to purchase one common share at a price of 25 cents for a period of 18 months from the date of issuance. The company may pay finders' fees in connection with the financing. Securities issued under the financing will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The company intends to use the proceeds of the financing for general working capital.

About Myriad Uranium Corp.

Myriad is a uranium exploration company with an earnable 75-per-cent interest in the Copper Mountain uranium project in Wyoming, United States. Copper Mountain hosts several known uranium deposits and historic uranium mines, including the Arrowhead mine, which produced 500,000 lb of eU3O8. Copper Mountain saw extensive drilling and development by Rocky Mountain Energy, a subsidiary of Union Pacific, which developed a mine plan and built a leach pad for one of the deposits at Copper Mountain. Operations ceased in 1980 before mining could commence due to falling uranium prices. Approximately 2,000 boreholes have been drilled at Copper Mountain, and the project area has significant exploration upside. Rocky Mountain Energy is estimated to have spent $74-million (U.S.) (2023 dollars), exploring and developing Copper Mountain.

Myriad also holds 80-per-cent ownership of over 1,800 square kilometres of uranium exploration licences in the Tim Mersoi basin, Niger, and the option to earn up to 100 per cent. These licences are surrounded by many of the most significant uranium deposits in Africa, including Orano's 384 Mlb eU3O8 Imouraren, Global Atomic's 236 Mlb Dasa and Goviex's 100 Mlb Madaouela, and on the same fault structures. Myriad also has a 50-per-cent interest in the Millen Mountain property in Nova Scotia, Canada, with the other 50 per cent held by Probe Metals Inc.

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