Business
Myriad Uranium Announces Expiration of Letter of Intent Respecting Proposed Merger
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) announces that the previously announced letter of intent ("LOI") dated as of August 6, 2025 respecting a merger transaction between Myriad and Rush Rare Metals Corp. ("Rush") has expired. Myriad and Rush continue to be in contact respecting a potential transaction on mutually acceptable terms.Myriad's CEO Thomas Lamb commented: "Because the parties have not executed a...
About this update from Myriad Uranium Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - October 30, 2025) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) announces that the previously announced letter of intent ("LOI") dated as of August 6, 2025 respecting a merger transaction between Myriad and Rush Rare Metals Corp. ("Rush") has expired. Myriad and Rush continue to be in contact respecting a potential transaction on mutually acceptable terms.","length":437,"tagName":"p"},{"type":"text","content":"Myriad's CEO Thomas Lamb commented: "Because the parties have not executed a definitive agreement, the LOI has expired in accordance with its terms. However, the parties continue to work towards a mutually acceptable agreement and are optimistic that a deal will be reached in due course."","length":303,"tagName":"p"},{"type":"text","content":"About Myriad Uranium Corp.","length":26,"tagName":"p"},{"type":"text","content":"Myriad Uranium Corp. is a uranium exploration company with an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming, USA. A recent press release discussing the 1982 U.S. Department of Energy assessment of Copper Mountain's uranium endowment can be viewed here. Copper Mountain hosts several known uranium deposits and historic uranium mines, including the Arrowhead Mine which produced 500,000 lbs of U3O8. Copper Mountain saw extensive drilling and development by Union Pacific during the late 1970s including the development of a mine plan to fuel a planned fleet of California Edison reactors. Operations ceased in 1980 before mining could commence due to falling uranium prices. Approximately 2,000 boreholes have been drilled at Copper Mountain and the project area has significant exploration upside. Union Pacific is estimated to have spent C$117 million (2024 dollars) exploring and developing Copper Mountain, generating significant historical resource estimates which are detailed here. The Company also recently acquired, subject to completing a geophysical survey this year, a 100% interest in the Red Basin Uranium Project in New Mexico, which has extensive near-surface uranium mineralisation and significant upside potential. Our Crux Investor overview page including recent interviews can be viewed here. The Company's presentation can be viewed here. News releases regarding historical drilling...