Looking south from the Canning deposit at Copper Mountain, Wyoming. Credit: Myriad Uranium Vancouver-based Myriad Uranium (CSE: M, : OTC: MYRUF) announced Wednesday that it has earned a 75% interest in the Copper Mountain uranium project in Wyoming by spending over $5.5 million on eligible expenditures under the property option agreement with Rush Rare Metals Corp.Myriad’s 75% interest and Rush’s 25% interest in the project are subject to certain underlying NSR royalties, the company said. In October, Myria ...

Core Viewpoint - Premier American Uranium Inc. has released a Preliminary Economic Assessment (PEA) for the Cebolleta Uranium Project, indicating a potential for significant uranium production and strong economic returns, particularly with rising uranium prices [1][2][3] Economic Highlights - The base case mining concept shows an average production of 1.4 million pounds (Mlb) U₃O₈ annually, with a total output of 18.1 Mlb over a 13-year mine life [2][3] - The after-tax net present value (NPV) at an 8% discount rate is estimated at US$83.9 million, with a pre-tax NPV of US$106 million [2][3] - The after-tax internal rate of return (IRR) is projected at 17.7% [2] - Total pre-production costs are estimated at US$64.2 million for direct capital expenditures and US$19.3 million for indirect costs, with a contingency of US$29.2 million [2] - Life of Mine (LOM) after-tax free cash flow is projected at US$287 million, with operating cash flow of US$496 million [2] Mineral Resource Estimate (MRE) - The updated MRE indicates an increase in Indicated Mineral Resources by 1.7 Mlb eU3O8 (+9%) to 20.3 Mlb eU3O8 and an increase in Inferred Mineral Resources by 2.2 Mlb eU3O8 (+45%) to 7.0 Mlb eU3O8 [1][2][3] - Cebolleta is positioned as one of the largest undeveloped uranium deposits in the western United States [1][3] Sensitivity Analysis - The project shows strong leverage to uranium prices, with a sensitivity analysis indicating that an increase to US$100/lb U₃O₈ raises the after-tax NPV (8%) to US$154 million, and to US$125/lb U₃O₈ raises it to US$325 million [4][5] - A 12% increase in metallurgical recovery from 80% to 90% could increase the after-tax NPV (8%) by approximately 90% to US$159 million [5] Project Infrastructure and Processing - The project will utilize a heap leach strategy for uranium extraction, with a focus on low capital expenditures and operational costs [1][2][3] - The processing design anticipates an average head grade of 0.11% U₃O₈, with a nominal leach recovery assumed at 80% [20][22] - The project infrastructure includes a heap leach pad and a resin-in-column processing plant, designed to minimize environmental impact [26][27] Future Recommendations - The PEA recommends a multi-phase plan to further de-risk and refine project scope, including advanced metallurgical test work and additional drilling for confirmation [31] - The Technical Report detailing the PEA and MRE will be filed within 45 days of the announcement [32]

Core Insights - Standard Uranium Ltd has reported some of the highest uranium grades ever recorded at its Corvo Project in Saskatchewan, indicating strong potential for future development [1][2] - The company has identified new radioactive showings and confirmed mineralization across multiple areas, enhancing the geological significance of the Corvo Project [4][5] Geological Findings - The highest U₃O₈ grades previously recorded at the Manhattan showing were around 7.2%, while recent samples from the same area returned values up to 8.1% U₃O₈, showcasing the project's potential [2] - The geological complexity of the area includes various rock types and deposit models, with the presence of mineralized faults and rare earth element concentrations [3][5] Exploration Plans - The company plans to conduct a ground gravity survey in December and initiate a drill program in early 2026, aiming to refine drill targets and identify alteration halos that correlate with uranium deposits [6][7] - The infrastructure surrounding the project, including a highway, will facilitate access and help reduce drilling costs [8]