Active exploration and drilling; historic resource estimates; Phase II drill program planned for 2026. • Scoping Study/Updated MRE
Overview
Country
USA
Region
Wyoming
2 projects in this company presentation
Report date 2026-04-01
Myriad Uranium Corp. • MYRUF.US • 2 projects
Current status
Active exploration and drilling; historic resource estimates; Phase II drill program planned for 2026.
Permit status
Plan of Operations Application Submitted (2025)
Ownership
75.0%
Deposits
7
Prospects
15
Classification
Project stage
Developer
Substage
Scoping Study/Updated MRE
Active milestone
Phase II Drill Program (2026)
Completed milestones
Maiden Drill Program (2024), Historic drilling (1970s-1980s), Geophysics (2025)
Endowment
Core endowment
245.0 Mlb
Core ownership
80.0%
Expansion endowment
655.0 Mlb
Expansion ownership
62.0%
Depth
183.0 m
Field recovery rate
92.0%
Financials
Recovery rate
96.0%
Notes
Highlights
Large-scale historic endowment (245-655 Mlbs U3O8); 18,300+ acre land package; 7 deposits, 15 prospects; historic and recent drilling confirm mineralization; high uranium recoveries (92-96%); multiple mineralization styles (granite, sedimentary, roll-front).
Country attractiveness
Wyoming is a top uranium jurisdiction with favorable regulatory environment and infrastructure.
Resource context
Historic estimates only; not current under NI 43-101; requires verification and new drilling for current resource classification.
Permit context
Plan of Operations Application submitted (2025); historic mine plan (not executed).
Technical context
Multiple deposit types (granite, sedimentary, roll-front, thrust/unconformity); historic and modern drilling; advanced geophysics.
Financial context
Extensive historic spend (US$85-86 million in current dollars); leveraging historic data to minimize risk and maximize confidence.
Economic sensitivity
Spot forecast to rise from $84/lb to $135/lb by 2026; project leverages historic data for capital efficiency.
Recent achievements
2024 maiden drill program confirmed and exceeded historic results; chemical assays show 20-60% grade boost; new geophysics completed.
Work ongoing
Ongoing drilling, geophysics, and data integration.
Next steps
Phase II drill program (2026); integrate new geophysics; expand drilling to new targets; update resource estimates.
Resource extension potential
Significant, with new geophysical targets and deeper mineralization identified.
Additional minerals
Vanadium (minor, not quantified)
Red Basin Project
Developing ProjectUSA
100% ownership confirmed (as of 2025); 90% interest sold to Subatomic in 2025, Myriad retains 10% free carried interest and 10% of economics. Advancing toward large-scale exploration permit. • Scoping Study/Updated MRE
Overview
Country
USA
Region
New Mexico
Current status
100% ownership confirmed (as of 2025); 90% interest sold to Subatomic in 2025, Myriad retains 10% free carried interest and 10% of economics. Advancing toward large-scale exploration permit.
Potential mineral endowment up to 45 Mlbs U3O8 (historic, not NI 43-101); over 1,000 historic drill holes; modern geophysics completed; roll-front uranium mineralization.
Country attractiveness
New Mexico is a premier US uranium jurisdiction with favorable regulatory environment.
Resource context
Historic resource estimates only; not current under NI 43-101; requires verification and new drilling for current resource classification.