Business
Myriad Uranium Announces Investor Awareness Initiatives and a Private Placement
Vancouver, British Columbia--(Newsfile Corp. - April 18, 2023) - MYRIAD URANIUM CORP. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") announces t
About this update from Myriad Uranium Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 18, 2023) - MYRIAD URANIUM CORP. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) (\"Myriad\" or the \"Company\") announces that it has engaged First Phase Media Inc. to help enhance investor awareness for the Company. The Company also announces a $750,000 private placement at $0.30 per unit with a 24-month half-warrant at $0.35 (see below for further details). Myriad's marketing services agreement with First Phase is for an initial 3 months at a cost of $42,000. First Phase will assist in developing investor interest in the Company via social media channels and online media distribution. Myriad has also engaged Crux Investor to provide distribution and dissemination of video content for the Company. \"We are among the most exciting uranium explorers in the world right now but we have a low market cap relative to comparable companies. It's time for us to dedicate some resources to getting the word out in order to address this contradiction,\" stated Thomas Lamb, Myriad's CEO. \"Our story is simple yet compelling, and it's time for us to tell it. We are surrounded on all sides by some of the most significant uranium deposits in the world. The primary and secondary fault structures which host those deposits, including both Africa's largest deposit and its highest grade development stage deposit, run directly into our licences. Our licences were previously owned by Orano and its predecessor Areva - essentially the French government - but they only explored at a regional scale. This was sufficient to confirm their prospectivity, so Orano developed ambitious exploration plans for them, including extensive drilling for certain areas, but they withdrew from exploration in Niger post-Fukushima. Myriad will now leverage Orano's data, its plans, and insights from the success of our neighbours such as Global Atomic and Goviex. Given our outstanding and highly prospective assets, new enthusiasm globally for nuclear power, in addition to a very exciting phase of exploration and drilling yet to come in the fall of 2023, we believe at our current market cap the Company is undervalued. It's also noteworthy that Niger continues to emerge as a global uranium powerhouse, and may soon be the world's second-largest uranium producer. Niger's commitment to the sector is ongoing, and security is bolstered by vest...