Workflow
Uranium exploration and development
icon
Search documents
Myriad Uranium Corp. to Present at the Metals & Mining Virtual Investor Conference July 24, 2025
GlobeNewswire News Room· 2025-07-23 12:35
Core Viewpoint - Myriad Uranium Corp. is actively advancing its uranium exploration projects, particularly the Copper Mountain Uranium Project in Wyoming and the Red Basin Project in New Mexico, with significant upcoming catalysts that could enhance resource estimates and project economics [1][4][6]. Company Overview - Myriad Uranium Corp. holds a 75% interest in the Copper Mountain Uranium Project and a 100% interest in the Red Basin Project [1][5]. - The Copper Mountain project has historical significance, with past production from the Arrowhead Mine totaling 500,000 lbs of U₃O₈ during the 1950s and 60s [5]. - Approximately 2,000 boreholes have been drilled at Copper Mountain, with Union Pacific having invested an estimated US$78 million in exploration and development [6]. Upcoming Catalysts - An important upcoming catalyst is the assay of around 1,500 additional samples from late 2024 drilling at Copper Mountain, which could confirm new mineralization and enhance resource estimates [4]. - Positive assay results could significantly improve grades and interval thicknesses, potentially positioning Copper Mountain as one of the largest uranium projects in the U.S. [6]. Project Details - The Red Basin Project contains shallow historical uranium resources and offers strong potential for resource expansion, with a planned geophysical survey in 2025 [6]. - Myriad has also expanded its acreage to encompass approximately 800 of 1,050 historical boreholes in the Red Basin [6]. Investor Engagement - Myriad's CEO, Thomas Lamb, will present at the Metals & Mining Virtual Investor Conference on July 24, 2025, providing an opportunity for real-time investor engagement [1][2].
Premier American Uranium Commences Exploration Drill Program at its Cyclone ISR Project, Wyoming
Globenewswire· 2025-07-16 11:00
Core Insights - Premier American Uranium Inc. has initiated its 2025 exploration drill program at the Cyclone ISR Uranium Project in Wyoming, following a successful inaugural drill campaign in 2024 that confirmed uranium mineralization in multiple areas [1][3] - The 2025 drill program aims to build on historic drilling and 2024 results by infilling and testing priority areas of known mineralization, with a focus on the Cyclone Rim target [1][3][7] Company Overview - Premier American Uranium is focused on the consolidation, exploration, and development of uranium projects in the United States, with significant land holdings in three prominent uranium-producing regions: Grants Mineral Belt in New Mexico, Great Divide Basin in Wyoming, and Uravan Mineral Belt in Colorado [12][13] - The company holds 1,161 unpatented mining claims and 9 State leases, covering approximately 26,180 acres in the Cyclone Project area [4] Industry Context - Wyoming has been a leader in uranium mining in the U.S. since 1995, producing over 238 million pounds of uranium concentrate since the first mines began operating in 1951 [5] - The state contains the largest known economic uranium ore reserves in the U.S., located in regions such as the Powder River Basin and Great Divide Basin [5] Exploration Details - The 2025 drill program includes 25 mud rotary drillholes planned for the Cyclone Rim target, targeting an average depth of 800 feet, totaling approximately 20,000 feet of drilling [7] - Results from the 2024 program identified uranium mineralization along a ½-mile-long trend at the Cyclone Rim target, with notable intercepts such as 0.088% eU₃O₈ over 10.5 feet [7]
Gabo Mining Ltd. Announces Agreement to Acquire U.S. Uranium Projects and Proposed Name Change to Gamma Resources Ltd.
Thenewswire· 2025-04-16 17:30
Core Viewpoint - GABO Mining Ltd. has entered into a lease agreement for two advanced-stage uranium exploration projects in Utah and New Mexico, reflecting a strategic shift towards uranium exploration and development, alongside a planned rebranding to GAMMA Resources Ltd. [1][2] Group 1: Lease Agreement Details - The lease agreement grants a four-year lease with an exclusive option to purchase the projects [1] - Initial consideration includes USD 50,000 upon signing and USD 200,000 payable within 120 days of execution [9] - Annual lease payments of USD 250,000 are due on each of the first three anniversaries [9] - The option to purchase both project areas for USD 1.8 million can be exercised at any time during the lease term [9] - No production royalty or minimum work obligation is required from the vendor [9] Group 2: Project Descriptions - The Green River Project in Utah consists of 41 unpatented lode mining claims targeting uranium mineralization in the Morrison Formation [3] - The project is adjacent to Western Uranium Vanadium Corp's San Rafael Project and is located 11 km from a processing plant [3] - Historical data indicates nearby deposits have a combined total indicated resource of 3,404,593 lbs and an inferred resource of 1,859,532 lbs U3O8 [3] - The Mesa Arc Project in New Mexico also includes 41 lode mining claims with historical uranium production documented [3] - An internal resource estimate from 2006 suggested 2.5 to 3.0 million pounds of U3O8 on the Mesa Arc Project claims [3] Group 3: Strategic Focus and Future Plans - The company aims to build a U.S.-based portfolio of high-impact uranium assets with ISR potential [10] - Fieldwork is planned to initiate in Q2 2025 as part of advancing towards North American uranium supply [10] - The rebranding to GAMMA Resources Ltd. aligns with the mission to support U.S. energy security and low-carbon transition [2]