Myriad holds a 75% earnable interest in the Copper Mountain Uranium Project which underwent approximately US$78m (2024$) in exploration and development expenditures by Union Pacific during the 1970s. Myriad is earning its interest in Copper Mountain from Rush Rare Metals Corp.
Union Pacific drilled over 2,000 boreholes and discovered 7 uranium deposits at Copper Mountain, developing a 6-pit mine plan with estimated resources of between 15.7 and 30.1 Mlbs U 3 O 8 . Union Pacific estimated the potential of known and speculated targets across the full project area to be over 65 Mlbs.
By far the largest historical estimate at Copper Mountain relates to the "Canning Deposit", which was estimated by Union Pacific to contain between 8.79 and 19 Mlbs U 3 O 8 . Myriad intends to focus its initial exploration efforts on the high-grade zone of Canning to begin validating and expanding on historical […]
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