Made In America | Myriad Uranium (CSE:M) - America's Uranium Gap & The Wyoming Project Closing It

Why It Matters

Domestic uranium production is critical for U.S. energy security; Myriad’s Copper Mountain could close the supply gap and unlock significant value for investors.

Key Takeaways

• Copper Mountain holds historic 27M‑lb resource, potential 655M‑lb endowment.
• Phase‑1 drilling confirmed grades 50‑60% higher than historic probes.
• U.S. uranium gap drives policy support for domestic projects.
• Wyoming permits 222‑hole plan, enabling rapid expansion of drilling.
• New magnetic‑radiometric survey reveals unexplored eastern target zone.

Summary

Myriad Uranium Corp. used this webcast to spotlight its flagship Copper Mountain project in central Wyoming, positioning it as a strategic answer to the United States’ stark uranium supply gap. The company highlighted that the U.S. consumes roughly 50 million pounds of uranium annually but produces only about 1 million, making domestic sources a national security priority. The presentation detailed a layered resource picture: a historic 27 million‑pound core, a DOE‑commissioned Bendix study estimating up to 655 million pounds of potential endowment, and recent Phase‑1 drilling that returned assay grades 50‑60 % higher than the original gamma‑probe data. A newly completed airborne magnetic‑radiometric survey also identified a previously under‑explored eastern zone that could host additional deposits. Executive remarks underscored the legacy $125 million investment by Union Pacific and Southern California Edison, the 222‑hole permit already secured in Wyoming, and bipartisan political backing at both state and federal levels. The company’s chief geologist, George Thundervolt, emphasized the geological controls—north‑south magnetic structures and radiometric signatures—that guide the next phase of drilling. If Myriad can substantiate the larger endowment, it stands to become a cornerstone of U.S. nuclear fuel supply, potentially qualifying for floor‑price mechanisms, matching‑fund programs, and a premium for domestically produced uranium. Such outcomes would not only bolster the firm’s market valuation but also advance U.S. energy security objectives.

Original Description

Interview with Thomas Lamb, CEO, and George Van Der Walt, Senior Geologist, of Myriad Uranium Corp.

Our previous interview: https://www.cruxinvestor.com/posts/myriad-uranium-csem-from-historical-data-to-drill-confirmed-resource-the-phase-2-plan-10192

Recording date: 10th June 2026

Myriad Uranium Corp (CSE:M) is an early-stage uranium developer with three projects located entirely within the United States, at a moment when domestic uranium supply has become a stated federal priority. The company's flagship Copper Mountain project in central Wyoming is the primary investment case: a large-scale conventional uranium asset that was within two years of production before the Three Mile Island accident shut down the US uranium sector in 1979, and which has since sat largely dormant while the geopolitical and policy environment has shifted decisively in favour of domestic producers.

The foundation of the Copper Mountain investment case rests on an unusually well-documented technical record. Union Pacific Railroad and Southern California Edison invested approximately $125 million in today's dollars across the property during the 1970s, drilling 2,000 holes and identifying seven discrete uranium deposits with a combined historical resource of 27 million pounds. In 1982, Bendix Engineering commissioned by the US Department of Energy assessed the broader district and estimated a potential uranium endowment of up to 655 million pounds. While the figure is not a current NI 43-101 compliant resource estimate, but it is an independent government study, and it frames the scale of what Myriad is working to define.

More recently, Myriad's own Phase One drill programme at the Canning Deposit returned laboratory assay grades 50–60% higher than the historical gamma probe measurements on which prior resource estimates were based. The practical implication is that those historical figures were likely conservative a conclusion that Phase Two drilling is now designed to test across all seven deposits. The company has also completed a district-wide airborne magnetic and radiometric survey that identified significant uranium signatures in an eastern zone of the project area, entirely beyond the historical drilling footprint, representing a material exploration upside that has not yet been reflected in the market.

Phase Two drilling begins shortly, funded by a cash position of approximately $12–13 million which is sufficient to advance the programme without near-term dilutive pressure. The pending acquisition of Rush Rare Metals will deliver 100% ownership of Copper Mountain, simplifying the asset structure. A planned uplisting to the TSX Venture Exchange and subsequent US exchange listing is expected to broaden the investor base.

The two secondary assets, Red Basin in New Mexico, where Myriad retains a 10% free-carried interest following a sell-down to a well-capitalised technology-backed consortium, and the Breccia Pipe project in Arizona, optioned to Wedgemont Resources at no cost to Myriad provide additional optionality without requiring capital deployment.

The United States currently consumes approximately 50 million pounds of uranium per year and produces roughly one million. That structural gap, combined with an executive policy framework explicitly supporting domestic uranium development and the prospect of floor pricing for US-produced uranium, creates a favourable environment for developers with permitted, drill-ready US assets. Myriad's current market capitalisation of approximately $40 million reflects its CSE-listed junior status more than the scale of the asset it is advancing. As Phase Two results begin to flow, that disconnection may not persist.

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

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