Core Viewpoint - Myriad Uranium Corp. has received approval from the Bureau of Land Management for a Plan of Operations that allows for the drilling of up to 222 boreholes at the Copper Mountain Project Area, expanding exploration activities beyond the Canning Deposit [1][2]. Summary by Sections Plan of Operations - The approved Plan of Operations enables drilling at multiple targets across the Copper Mountain Project Area, with 70 holes currently bonded under the existing Drilling Notification [2]. - The Plan includes areas such as Mint, Arrowhead, Lucky Cliff, and Gem, with ongoing amendments to bond additional drilling as exploration progresses [2]. Historical Context - Union Pacific previously conducted extensive drilling at Copper Mountain, identifying significant uranium resources before operations ceased in 1980 due to falling uranium prices [18]. - The Arrowhead Mine area produced over 500,000 lbs of uranium at a grade of 1,500 ppm U3O8 during the 1950s and 1960s, with estimates suggesting significant remaining uranium in the area [4]. - The Canning deposit was part of a larger mining operation planned to supply uranium to California Edison, but development was halted after the Three Mile Island incident in 1979 [6][10]. Exploration Potential - Myriad aims to confirm historically identified mineralization while demonstrating the broader potential of the Copper Mountain District to host additional large deposits [2]. - Additional target areas such as Hesitation, Fuller, Knob, and Cedar Ridge may be considered for drilling in the near term [2]. Financial and Operational Background - Union Pacific invested approximately C$117 million (2024 dollars) in exploring and developing the Copper Mountain Project, which included drilling around 900,000 feet across 2,000 boreholes [18]. - The Gem deposit is estimated to contain Indicated and Inferred resources of 3.07 million tonnes with an average grade of 234 ppm eU3O8 [9]. Company Overview - Myriad Uranium Corp. holds a 75% interest in the Copper Mountain Uranium Project and has recently acquired a 100% interest in the Red Basin Uranium Project in New Mexico, which has significant exploration potential [18].