Unlocking Value in Uranium: Myriad Corp’s Strategic Warrant Extension and High-Grade Asset Play

The uranium sector is on the cusp of a renaissance, driven by geopolitical shifts, energy security priorities, and the rise of advanced nuclear technologies. Amid this backdrop, Myriad Uranium Corp. (CSE: M) has positioned itself as a standout player with its May 22, 2025, announcement of a warrant extension and a series of strategic project advancements. These moves not only extend the company’s financial flexibility but also unlock the potential of high-grade uranium assets in Wyoming and New Mexico—regions historically rich in the critical metal.

The Warrant Extension: A Catalyst for Capital Efficiency

Myriad’s decision to extend the expiration date of 884,668 warrants by 12 months—from June 1, 2025, to June 1, 2026—is a masterstroke of capital management. By maintaining the exercise price at $0.35 per share, the company avoids dilution at current valuations while securing an extended window to capitalize on rising uranium prices. Notably, no action is required by warrant holders, ensuring minimal friction to the process.

The inclusion of 50,000 warrants held by a company director underscores internal confidence, as the transaction qualifies for exemptions under securities regulations due to its limited impact on market capitalization. This move buys Myriad critical time to advance its flagship projects, where the stakes are high and the rewards could be transformative.

Unlocking Copper Mountain: A Sleeping Giant in Wyoming

Myriad’s Copper Mountain Uranium Project is its crown jewel. Recently expanded from 4,200 to 9,320 acres, this project encompasses a labyrinth of historical high-grade uranium deposits, including the Arrowhead Mine and zones like Railroad, Steffen Hill, and Lucky Cliff.

• Railroad Prospect: Historical drilling by Anaconda Copper intersected 0.1% eU3O8 over 6 feet at 585 feet depth, with deeper intervals showing 400–500 ppm grades. These depths suggest untapped potential below the traditional “hard deck” of 500–600 feet.
• Bendix and Neutron Energy Assessments: Independent studies estimate the district could hold 200–600 million pounds of uranium—a scale rivaling major global deposits.

Myriad’s strategy here is clear: leverage modern exploration techniques to validate historical estimates and redefine resource potential. With in-situ recovery (ISR)-amenable sandstone deposits, the project’s economics could rival those of top-tier uranium plays.

Red Basin: A New Mexico Hidden Gem

In New Mexico’s Datil Mountains–Pietown District, Myriad’s Red Basin Uranium Project boasts a 100% interest in a region with 0.5 million pounds Indicated and 1.5–6.5 million pounds Inferred resources (historical estimates). Key advantages include:
- Near-Surface Roll-Front Deposits: Grades up to 0.31% eU3O8 suggest ISR viability, a cost-effective method for shallow, permeable deposits.
- Land Expansion: Staking 77 new claims has secured control of 1,050 historical boreholes, giving Myriad a data-rich foundation to advance toward NI 43-101-compliant resources.

Strategic Partnerships Fuel Growth

Myriad’s agreement with VSA Capital—a two-year financial advisory partnership—adds strategic heft. For £44,000 (Year 1) and £52,500 (Year 2), VSA will guide corporate finance and resource development, leveraging its mining-sector expertise to accelerate Myriad’s path to production.

Risks and Mitigations

• Assay Delays: Radioactive samples from recent drilling are being rerouted to Paragon Geochemical in Nevada, resolving delays caused by lab constraints. Results are expected in Q3 2025.
• Historical Data Reliability: While past estimates are non-NI 43-101 compliant, Myriad is systematically digitizing logs and re-logging boreholes to validate continuity—a critical step toward modern resource classification.

Why Invest Now?

• Timing: With uranium prices near $50/lb and climbing, the company’s assets are primed to benefit from a global supply deficit.
• Execution Risk Mitigation: Myriad’s director-led warrant extension and partnerships signal alignment between management and shareholders.
• Upside Potential: The Copper Mountain and Red Basin projects, if validated, could position Myriad as a cornerstone junior in the uranium space.

Conclusion: A Call to Action

Myriad Uranium Corp. is no longer just an explorer—it’s a value-unlocking machine. With extended capital flexibility, high-grade assets in politically stable regions, and a strategic roadmap to modernize historical resources, this company is set to capitalize on the uranium boom.

Investors seeking exposure to the $30+ billion uranium market should act swiftly. Myriad’s warrants and shares offer a leveraged play on two of North America’s most promising uranium districts. The clock is ticking—don’t miss the train to energy security’s next frontier.

Myriad Uranium Corp. (CSE:M) presents a rare opportunity to invest in a company at the intersection of capital efficiency, high-grade assets, and a secular bull market. The time to act is now.