Myriad Uranium is rapidly positioning itself as a key player in the revitalized U.S. uranium sector. The company is advancing two cornerstone assets — the Copper Mountain Uranium Project in Wyoming and the Red Basin Project in New Mexico — both located in historically productive districts with strong infrastructure and extensive historical data.
In October 2025, Myriad released chemical assay results from 34 boreholes at its Copper Mountain property. These results confirmed uranium grades significantly higher than earlier spectral gamma (eU₃O₈) probe estimates, indicating that historical data may have understated the true mineralization potential. The assays also uncovered new mineralized zones, suggesting a much larger and richer system than previously believed. Around the same time, the U.S. Bureau of Land Management approved Myriad’s Plan of Operations, granting authorization for up to 222 boreholes — a major regulatory milestone that opens the door for aggressive exploration across multiple high-priority targets.
Meanwhile, at the Red Basin Project in New Mexico, Myriad expanded its land package from roughly 1,753 to 3,324 acres, consolidating control of the majority of historical drill data — including approximately 1,050 holes and non-NI 43-101 resource estimates totaling between 2 and 7 million lbs U₃O₈. This gives the company an established technical foundation and a strong platform for modern exploration aimed at verifying and expanding past results.
To fund its expanding exploration activities, Myriad recently launched a C$1.5 million private placement, offering units at C$0.25 with accompanying warrants exercisable at C$0.35 over 24 months. This financing supports ongoing drilling, geological modeling, and working capital as the company continues to build momentum.
With a growing U.S. footprint, improving assay results, and increasing investor visibility, Myriad Uranium represents a high-potential exploration story aligned with America’s push for domestic uranium supply. While still early-stage and high-risk, its combination of scale potential, regulatory progress, and project diversity makes it a company to watch as uranium markets strengthen worldwide.
Myriad Uranium Corp. is a uranium exploration company with an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming, USA. To date, Myriad has earned a 50% interest in Copper Mountain. Copper Mountain hosts several known uranium deposits and historical uranium mines, including the Arrowhead Mine which produced 500,000 lbs of eU3O8. Copper Mountain saw extensive drilling and development by Union Pacific during the late 1970s including the development of a mine plan to fuel a planned fleet of California Edison reactors. 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. Union Pacific is estimated to have spent C$117 million (2024 dollars) exploring and developing Copper Mountain, generating significant historical resource estimates.
