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Myriad Uranium Enters into Option to Acquire 100% of the Red Basin Uranium Project in New Mexico, USA
Newsfile· 2025-02-04 12:30
Core Viewpoint - Myriad Uranium Corp. has entered into an option agreement to acquire 100% interest in the Red Basin Uranium Project in New Mexico, which includes 86 lode claims covering approximately 1,776 acres [1][2][3] Company Overview - Myriad Uranium Corp. is a uranium exploration company with a current 50% interest in the Copper Mountain Uranium Project in Wyoming, which has significant historical resource estimates [14] - The company aims to replicate the success of previous transactions, such as the Copper Mountain deal, by unlocking value in the Red Basin Project [2] Project Details - The Red Basin Project is located in the Datil Mountains - Pietown Uranium District, with historical estimates of 1.5 million to 6.5 million pounds of U3O8 (inferred) [3][8] - The project area has a history of extensive drilling, with 60% of approximately 1,000 boreholes conducted within the lode claims, confirming high-grade uranium-vanadium mineralization of 0.17% - 0.31% U3O8 [3][4] - The mineralization is primarily hosted in roll-front deposits within permeable sandstones, with potential for both open-pit and in-situ leaching extraction methods [7][9] Financial Considerations - The total consideration for the option agreement amounts to C$525,000, which includes an immediate cash payment and share issuance [1][5] - Myriad has already made a non-refundable deposit of C$25,000 and must complete additional cash payments and share issuances to fully exercise the option [5] Exploration Potential - The broader Datil Mountains - Pietown area could contain over 40 million pounds of high-grade uranium, with significant expansion potential identified [4][9] - The project is expected to have relatively easy and inexpensive drilling due to the nature of the rock [2][4] Historical Context - Historical assessments indicate that the Red Basin area may contain as much as 30-45 million pounds of U3O8, with associated vanadium content up to 1.64% V2O5 [9][10] - Previous drilling and evaluations have provided a foundation for the current exploration efforts, although the historical estimates should not be solely relied upon for current resource assessments [10][11]
Myriad Uranium Grants Stock Options and RSUs
Newsfile· 2025-01-29 12:30
Core Points - Myriad Uranium Corp. has granted 225,000 incentive stock options and 1,095,000 restricted share units to its consultants, directors, and officers [1] - Each stock option is exercisable at $0.40 for five years, while the RSUs vest over three years with conditions for accelerated vesting [1] - Myriad holds a 75% interest in the Copper Mountain Uranium Project in Wyoming, having earned a 50% interest to date [2] - The Copper Mountain Project has historical uranium deposits and mines, including the Arrowhead Mine, which produced 500,000 lbs of eU3O8 [2] - A recent drill program at Copper Mountain encountered significant high-grade uranium mineralization, exceeding expectations and verifying historical exploration [2] Company Overview - Myriad Uranium Corp. is focused on uranium exploration and has significant historical resource estimates from previous exploration efforts [2] - The company recently completed a 34-hole maiden drill program that revealed new potential for the Copper Mountain Uranium Project [2] - Union Pacific previously invested C$117 million in exploring and developing the Copper Mountain area, indicating substantial historical interest and investment in the project [2]
Myriad Uranium Announces Resignation of Director
Newsfile· 2025-01-28 12:30
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") announces that Ian Archbold has assumed a Managing Director role with a global investment management organization and as a result is required to resign from the board of directors of Myriad.Myriad's CEO, Thomas Lamb, commented: "We are grateful to Ian for his many contributions to the Company and wish him the very best."Ian Archbold commented: "As a Director ...
BLOOMINGDALE'S UNVEILS CAROUSEL IN PARTNERSHIP WITH FLAMINGO ESTATE
Prnewswire· 2025-01-23 15:01
The carousel space will be transformed into a pop-up market, bringing California's Flamingo Estate to New York.NEW YORK, Jan. 23, 2025 /PRNewswire/ -- Bloomingdale's announces The Carousel @ Bloomingdale's: Flamingo Estate, bringing the feeling and inspiration from Richard Christiansen's home and garden to life with a pop-up market. The carousel, available at the 59th Street flagship store and online, will feature the very best of Mother Nature, with garden-grown signature goods from the farms and orchards ...
Myriad Uranium Announces Major Expansion of the Copper Mountain Project Area to Lock Up Mineralised Extensions, Historical Resources, and Key Targets
Newsfile· 2025-01-20 12:30
Myriad Uranium Announces Major Expansion of the Copper Mountain Project Area to Lock Up Mineralised Extensions, Historical Resources, and Key TargetsJanuary 20, 2025 7:30 AM EST | Source: Myriad Uranium Corp.Vancouver, British Columbia--(Newsfile Corp. - January 20, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce an expansion of the Copper Mountain Project Area, from approximately 4,200 acres to approximately 9,320 acres. The s ...
Macy's, Inc. Is Being Investigated For Securities Fraud And Affected Investors Are Urged To Contact The Schall Law Firm
ACCESSWIRE Newsroom· 2025-01-17 17:45
Legal Investigation - Macy's Inc is under investigation for securities fraud [1] - Affected investors are encouraged to contact The Schall Law Firm [1]
The Schall Law Firm Invites Shareholders With Losses To Join An Inquiry Into Macy's, Inc. For Securities Law Violations
ACCESSWIRE Newsroom· 2025-01-16 16:15
The Schall Law Firm Invites Shareholders With Losses To Join An Inquiry Into Macy's, Inc. For Securities Law Violations ...
Macy's wants Bloomingdale's, Bluemercury to stay put
Fox Business· 2025-01-15 18:15
Macy's CEO Tony Spring isn't in favor of spinning off its luxury brands Bluemercury and Bloomingdales, despite calls by activist investors to do so. "We continue to believe that there are synergies that are leveraged between the three brands, between warehousing, legal, finance, back end operations and joint brand negotiation. There's just so much opportunity for us to kind of leverage the scale of the portfolio," Spring said Sunday during a discussion at the National Retail Federations (NRF) 2025 Retail's ...
Macy's Offers Update on Q4 Performance, Revises Sales Guidance
ZACKS· 2025-01-14 19:25
Core Insights - Macy's Inc. has provided an update on its fourth-quarter fiscal 2024 performance, slightly lowering its sales outlook while highlighting the success of targeted initiatives at its First 50 locations and strong performances at luxury brands Bloomingdale's and Bluemercury as a foundation for growth [1][9]. Performance Overview - Macy's First 50 locations and luxury brands Bloomingdale's and Bluemercury achieved positive comparable sales growth for the nine-week period ending January 4, 2025, indicating their importance in the company's performance and alignment with its long-term strategy [2]. - Overall comparable sales for the quarter-to-date were roughly flat, with underperformance noted in non-First 50 locations, which recorded negative comparable sales during the period [3]. Sales Expectations - The company now expects fourth-quarter 2024 net sales to be at or slightly below the low end of its previously anticipated range of $7.8 billion to $8 billion, while maintaining guidance for adjusted earnings per share in the range of $1.40 to $1.65 [5]. Strategic Initiatives - Despite the downward revision in net sales, Macy's is making progress with its Bold New Chapter strategy, aiming for a second consecutive quarter of sequential comparable sales improvement, with plans to expand initiatives to an additional 75 locations in fiscal 2025 [6]. - The company is focused on growing its digital and omnichannel presence, which has shown positive results, forming the foundation of its broader strategy for long-term success [7]. Conclusion - While facing challenges with non-First 50 locations, Macy's remains committed to strategic initiatives that have delivered positive results in key areas, with investments in its strongest segments providing a pathway for future growth [9].
Watch These Macy's Price Levels as Stock Slumps on Soft Sales Guidance
Investopedia· 2025-01-14 15:35
Stock Performance and Market Sentiment - The retailer's stock has fallen 14% since the start of the year and 21% over the past 12 months, reflecting investor concerns about the company's turnaround plans and sales growth [2] - Macy's shares could remain in focus after the company indicated that holiday quarter sales may come in slightly below expectations due to underperforming stores [3][7] Technical Analysis and Price Levels - Macy's shares have been trading within a 13-month descending channel, with recent selling intensifying after encountering resistance near the upper trendline and 200-day moving average [4] - Key resistance levels to watch include $18, which aligns with the descending channel's upper trendline, and $20.50, a level that connects multiple peaks from December 2023 to May 2023 [5][6] - Important support levels to monitor are around $13, near the November 2023 peak and the descending channel's lower trendline, and $10.75, which aligns with troughs from September to November 2023 [11] Strategic Initiatives and Sales Performance - In February 2023, the company announced plans to close 150 underperforming stores over three years to boost profitability while focusing on expanding initiatives at higher-performing locations [9] - Despite challenges, Macy's remains on track to post a second consecutive quarter of sequential comparable sales improvement, indicating some progress in its turnaround efforts [9]