Interview with Thomas Lamb, CEO of Myriad Uranium Corp.

Our previous interview: https://www.cruxinvestor.com/posts/myriad-uranium-m-neighbourly-values-encouraging-for-new-team-3070

Recording date: 16th November 2023

Myriad Uranium Pivots to Wyoming, Fast-Tracks Historic Project Towards Production

Myriad Uranium Corp has acquired a major stake in the historically productive Copper Mountain uranium project in Wyoming. This positions the company to rapidly advance the project towards production based on an expansive database of technical information.

The Copper Mountain asset gives Myriad a foothold in the pro-mining jurisdiction of Wyoming amid a push for increased US uranium output. The project was previously explored and developed by subsidiary Rocky Mountain Energy, which spent $74 million delineating resources and planning for mine development.

Notably, Copper Mountain has an estimated historic resource of 15 to 30 million pounds U3O8 across multiple deposits. One historic estimate points to 63.8 million pounds U3O8 in just two deposits. With uranium prices now rising amid security of supply concerns, Myriad is perfectly positioned to capitalize on Copper Mountain's resource potential.

A key advantage is the project's extensive historical database, which Myriad inherited through its acquisition. According to CEO Thomas Lamb, this is a "real treasure trove" of information. It includes over 2,000 drill holes, feasibility studies, mine plans, metallurgical studies, and substantial indications the deposit could be amenable to low-cost ISR mining.

Myriad is now focused on re-analyzing this data to validate and expand the historic resources. The aim is to rapidly delineate an up-to-date resource estimate in the millions of pounds. Myriad has already begun digitizing data and sees strong potential for impactful updates over the coming months.

The advanced status of Copper Mountain means Myriad could also move relatively quickly towards production if ISR potential is confirmed. The project was essentially production-ready before being mothballed in 1979.

With historic high-grade intercepts up to 8,000 ppm U3O8, Myriad also sees strong exploration upside across the 1,900-acre land package. Significant value inflection points lie ahead as the company unlocks the potential of this historic Wyoming uranium district.

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

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