Myriad Uranium Corp · CSE:M
Myriad Uranium — Investor Presentation (April 2024)
27 slides from Myriad Uranium's investor presentation, April 2024
Slide 1: Advancing the Copper Mountain Uranium Project in Wyoming, USA
Advancing the Copper Mountain Uranium Project in Wyoming, USA April 2024 CSE: M OTC: MYRUF FRA: C3Q MYRIADURANIUM.COM 1 CSE:M | OTC:MYRUF | FRA: C3Q
Slide 2: Disclaimer
QUALIFIED PERSON DISCLAIMER George van der Walt (MSc. Economic Geology, Pr.Sci.Nat.), a “Qualified Person” for the purpose of National Instrument 43-101, has reviewed and approved the scientific and technical information included in this presentation (the “Documents”). He has not verified all of the sc
Slide 3: Summary
SUMMARY Uranium is the hottest commodity in the world right now. Demand outstrips supply and there is no near-term solution. U.S. production is 165k lbs/yr. That’s set to rise to 50m lbs/yr. That increase will be centered on Wyoming, which hosts 3 out of 4 operating uranium mines in the USA. Myriad
Slide 4: A Remarkable Story
A REMARKABLE STORY After signing the Copper Mountain LOI, a trove of paper-based historic data revealed that Union Pacific Railway had spent US$78m (2024$) exploring Copper Mountain during the 1960s and 1970s. They had fairly advanced plans to mine Copper Mountain. Instead of a small exploration proj
Slide 5: Uranium
URANIUM One pound of uranium can produce the Nuclear power releases less radiation into same amount of power as 20,000 pounds the environment than any other major of coal. energy source. Stable baseload 10% global, 20% in U.S. Small footprint. Zero carbon, COP28 3x. Lowest mortality per terawatt of
Slide 6: Uranium Juniors Represent a Unique Opportunity
URANIUM JUNIORS REPRESENT A UNIQUE OPPORTUNITY Last cycle, quality juniors like Myriad went parabolic. Strathmore, a previous owner of part of Copper Mountain during the last uranium boom, went from $2m TO $457m market cap This is the stage of the cycle to invest in quality uranium juniors. 2007: UR
Slide 7: Why Prices Are Rising
WHY PRICES ARE RISING Last time there was no supply deficit – there was a flood at a mine in Saskatchewan. Now there is a massive structural supply deficit (Sprott forecasts $150/lb in 2024, with limited relief until NexGen’s Rook I produces in 2028). Post-Fukushima there have been no new mines and ura
Slide 8: Wyoming Uranium Thesis
WYOMING URANIUM THESIS U.S. government support for the uranium sector is strongly bipartisan, led by Wyoming Senator John Barrasso. The U.S. govt has just approved $2.7b to secure domestic supply. The focus is Wyoming. WY Senator John Barrasso leads the push to secure domestic supply CSE: M | OTC: M
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Slide 10: Copper Mountain, Wyoming, USA
COPPER MOUNTAIN, Wyoming, USA Copper Mountain Project CSE: M | OTC: MYRUF | FRA: C3Q 10
Slide 11: Copper Mountain
COPPER MOUNTAIN This is the first time ownership of the entire Copper Mountain project area has been unified since 1982. Union Pacific drilled 2,000+ boreholes, identified 6+ deposits, and was planning a mine centered on North Canning. Union Pacific estimated the project’s potential to be over 60 Mlbs, a
Slide 12: Vast paper-based data trove from the 1970s
We have obtained a vast paper-based data trove, mostly from the 1970s, which is enabling us to leverage Union Pacific’s extensive work. It is revealing drill results, resource estimates, deposit locations, and a large number of high grade targets at Copper Mountain. CSE: M | OTC: MYRUF | FRA: C3Q 12
Slide 13: Potential for Major Discoveries
POTENTIAL FOR MAJOR DISCOVERIES Copper Mountain has world class potential in the 50 ppm background in the granites. “brownfield” exploration and expansion of the Copper “Modern” techniques could lead to new uranium discoveries. Mountain district. - Davis & Wilton Union Pacific in the 1970s was focuse
Slide 14: Mining Potential
The Copper Mountain Project MINING POTENTIAL Union Pacific had planned a mine at Copper Mountain but aborted in 1980 as prices fell. Evaluated as a medium grade, very large volume deposit, with potential for open pit mining. Potential for hub and spoke production from one or several open pit mines wi
Slide 15: Historic Drilling
The Copper Mountain Project HISTORIC DRILLING E2 Zone Significant historic eU3O8 high grade intervals recently announced. The intervals relate to 82 boreholes drilled into the “High Grade Zone”, an area slated for open-pit mining by Union Pacific. Results indicate high grade material is relatively clo
Slide 16: Historic Drilling
The Copper Mountain Project HISTORIC DRILLING Union Pacific had intended the area to be the center of a three-pit mine they were planning in the late 1970s. The cross-sections include a significant number of high-grade intervals (up to 0.385% eU3O8) and many long, mineralized intervals (up to 291 feet
Slide 17: One of Wyoming's Largest Uranium Deposits
Copper Mountain ONE OF WYOMING’S LARGEST URANIUM DEPOSITS If Union Pacific’s estimate of Copper Mountain’s potential is realized (over 60 Mlbs), the project would be the largest in Wyoming. CSE: M | OTC: MYRUF | FRA: C3Q 17
Slide 18: New Insights
The Copper Mountain Project NEW INSIGHTS Union Pacific’s 1970s-era resource estimates of 15-30 Mlbs* and target of 63.8 Mlbs* are based on a near-surface medium grade bulk tonnage model. They never drilled deeper than 600 ft (182m). But we now know that high grade uranium (to 3850ppm we recently repo
Slide 19: Myriad Licenses in the Tim Mersoï Basin, Niger
Myriad Licenses in the Tim Mersoï Basin, Niger The Tim Mersoï Basin has one of the world’s largest uranium reserves, mostly occurring along the “Arlit Fault”. Myriad has 80% ownership of four licenses totaling 1800 km2 - Agebout, Afouday, Tagait 2 & Tagait 3 - are all along the Arlit Fault (see diag
Slide 20: Agebout Targets
Agebout Targets Numerous radiometric anomalies. 39 boreholes at ~800 m centres to shallow depths. Known major fault zones were not fully tested. Nevertheless 10 of those boreholes intersected mineralized intervals in excess of 100 ppm eU. Prime targeting locations indicated. 20
Slide 21: Appendix: Afouday Targets
APPENDIX: Afouday Targets 94 boreholes at ~800 m centres. Prime locations along Azouza not fully tested. No holes drilled to Dasa depths. 15 of 94 intersected in excess of 100 ppm eU. U seems to increase with depth. 21
Slide 22: Going Forward
GOING FORWARD Bring historic resources current, expand, and increase grade: mapping, sampling, geophysics, drilling planned. Leverage our proprietary historic data sets to continue adding known deposits and high-grade areas (ongoing). Acquire and generate additional data based on new geological mode
Slide 23: Capital Structure
CAPITAL STRUCTURE Shares issued & Outstanding 34.5 M Options 4.8 M Warrants 11.9 M Fully diluted shares 51.2 M *As at 2024/04/29 Myriad’s focus on minimal dilution has resulted in a very tight share structure. No cheap stock. 46% insider ownership. Cap table includes a global top-3 uranium trading h
Slide 24: Leadership
LEADERSHIP Thomas Lamb George van der Nelson Lamb Daye Kaba Cyril Amadi Tom Lee CEO, Board Member, CFO Board Member Board Member Board Member Technical Committee Walt QP, Technical Committee Graduate of London Business CPA, CA, experienced in Partner at Asafo & Co., an 20 years of experience in the
Slide 25: Leadership
LEADERSHIP Fred Bonner Adamou Ousemane Michael Cantey Ron Halas Jim Davis Board Member, Technical Committee Technical Committee Technical Committee Technical Committee Technical Committee Commander of the National Order of Principal Consultant & Geologist Canadian Mining Engineer Renowned geologist,
Slide 26: Property Option Details
The Copper Mountain Project PROPERTY OPTION DETAILS • Property Option Agreement signed by Myriad Uranium Corp. and Rush Rare Metals on October 18, 2023. • 75% earnable interest. • $1.5M spend within 2 years to earn 50%, $4M within 4 years to earn 75%. • Switch to 75/25 Joint Venture upon completion
Slide 27: Thank You!
Thank You! Please follow us on social media and please reach out to me any time with questions or to learn more about our plans at Myriad Uranium. Thomas Lamb President and CEO Myriad Uranium Corp. #600-1090 W. Georgia St. @myriaduranium | @tdlamb Vancouver, BC V6E 3V7 +1 604 418 2877 @myriaduranium