Myriad uranium acquires a 75% stake in Copper Mountain, a major milestone for the company

Myriad Uranium Corp. (CSE: M,OTC:MYRUF) (OTCQB: MYRUF) (FSE: C3Q) (“Myriad” or the “Company”) is pleased to announce that it has acquired a 75% interest in the Copper Mountain Uranium Project in Wyoming, USA (referred to as the “Project”) by spending more than $5.5 million in eligible expenses under the real estate option agreement (the “Option Agreement”) with Rush Rare Metals Corp. (“Rush”) dated October 18, 2023, as amended. Myriad’s 75% interest and Rush’s 25% interest in the Project are subject to certain underlying NSR royalties.

Thomas Lamb, CEO of Myriad, commented:

“Reaching the 75% spend threshold is a significant milestone for the company, and comes at a time when the size and potential of Copper Mountain is becoming increasingly apparent. Our first phase of drilling and exploration has significantly exceeded expectations and the project has the potential to become one of the largest in America.”

About Myriad Uranium Corp.

Myriad Uranium Corp. is a uranium exploration company that has a 75% interest in the Copper Mountain Uranium Project in Wyoming, USA. Copper Mountain is home to several known uranium deposits and historic uranium mines, including the Arrowhead Mine which produced 500,000 lbs of U₃O₈. Copper Mountain saw extensive drilling and development by Union Pacific in 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 begin due to falling uranium prices. Approximately 2,000 boreholes have been drilled at Copper Mountain, and the project has significant exploration benefits. Union Pacific has spent an estimated C$117 million (2024 dollars) exploring and developing Copper Mountain, yielding significant historic resource estimates. The company also has a 100% interest in the Red Basin Uranium Project in New Mexico, which features a near-surface mineralization with significant upside potential. You can view our Crux Investor overview page including recent interviews here. The company’s presentation can be viewed here . News reports about historical drillings can be viewed here And here. You can view news reports on chemical testing from the Copper Mountain drilling in 2024 here And here. A press release with a comprehensive assessment of Copper Mountain’s uranium endowment by Bendix Engineering for the U.S. Department of Energy, published in 1982, can be viewed here.

For more information, please refer to Myriad’s disclosure details on SEDAR+ (www.sedarplus.ca), contact Myriad by phone at +1.604.418.2877, or visit Myriad’s website at www.myriaduranium.com.

Forward-Looking Statements

This press release contains “forward-looking information” that is based on the company’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, the company’s operations, plans, prospects and business strategy. The words “may”, “would”, “could”, “would”, “will”, “likely”, “expect”, “anticipate”, “intend”, “estimate”, “plan”, “predict”, “project” and “believe” or other similar words and phrases are intended to identify forward-looking information. The reader is cautioned that the assumptions used in the preparation of forward-looking information may prove to be incorrect, including with respect to the Company’s business plans relating to the exploration and development of the Company’s mineral properties, the proposed work program relating to the Company’s mineral properties and the potential and economic viability of the Company’s mineral properties. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: changes in economic conditions or financial markets; increases in costs; dispute; legislative, environmental and other legal, regulatory, political and competitive developments; access to minerals where surface rights above have not yet been settled; and technological or operational problems. This list is not exhaustive of the factors that could affect our forward-looking information. These and other factors should be carefully considered, and readers should not place undue reliance on such forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

The CSE has not reviewed, approved or disapproved the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277243