Myriad Uranium Closes Tranche of Private Placement

In this tranche, Myriad has raised gross proceeds of $1,170,000 and welcomes a Swiss uranium fund to the cap table.

Myriad Uranium holds a 75% earnable interest in the Copper Mountain Uranium Project which saw C$117m (2024$) in exploration and development expenditures by Union Pacific during the 1970s.

Union Pacific drilled approximately 2,000 boreholes, discovered 7 uranium deposits, and developed a 6-pit mine plan for Copper Mountain, estimating resources of between 15.7 and 30.1 Mlbs eU 3 O 8 . Union Pacific further estimated the potential of known and speculated targets at the project to be over 65 Mlbs. These estimates are historical and not yet current under NI 43-101. See the statement regarding historical estimates below.

Myriad is raising capital to fund drilling at Copper Mountain in order to bring these historical estimates current under NI 43-101 and, if possible, go beyond them. Vancouver, […]

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