{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Myriad Uranium (CSE:M) - Upcoming Exploration Program to Advance Wyoming Uranium Project","html":"","width":"100%","height":180,"duration":1118,"description":"Interview with Thomas Lamb, CEO of Myriad Uranium Corp.Our previous interview: https://www.cruxinvestor.com/posts/myriad-uranium-csem-digging-up-lost-pounds-in-us-5021Recording date: 26th June 2024Myriad Uranium (CSE:M) is emerging as a noteworthy player in the uranium exploration sector, with its Copper Mountain project in Wyoming capturing the attention of specialist investors. This project, dormant since the 1970s, could potentially become one of Wyoming's largest uranium assets, offering investors an opportunity to gain exposure to the resurging uranium market.The Copper Mountain project comes with a significant historical pedigree. Union Pacific Railway invested approximately $117 million (in today's dollars) into the project during the 1970s, conducting over 2,000 drill holes and nearly developing it into an operational mine. Historical estimates suggest a resource of 15-30 million pounds of uranium, with potential for over 65 million pounds across the entire project area. While these estimates are not compliant with current NI 43-101 standards, they provide a compelling starting point for Myriad's exploration efforts.Myriad's team has identified additional exploration potential beyond the historical work. New geological interpretations suggest high-grade mineralization may exist in near-vertical faults within the granite, potentially expanding both the size and grade of the resource. To verify and potentially expand upon the historical resource, Myriad has designed an exploration program of approximately 83 drill holes, focusing initially on the Canning deposit.To fund this program, Myriad has announced a $5 million private placement, with $2.9 million already secured in the first tranche. Notably, the financing has attracted specialist uranium investors who have conducted extensive due diligence on the project, providing an additional layer of validation for its potential.Wyoming's strategic importance in the U.S. nuclear energy landscape enhances the...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}