Myriad Uranium Corp · CSE:M
Myriad Uranium — Investor Presentation (March 2024)
28 slides from Myriad Uranium's investor presentation, March 2024
Slide 1: Advancing the Copper Mountain Uranium Project in Wyoming, USA
Advancing the Copper Mountain Uranium Project in Wyoming, USA March 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: If you're looking to invest in uranium, Myriad stands out as a top-tier junior
- Neutron Energy (now part of enCore), Internal Report, 2010 If you’re looking to invest in uranium, Myriad stands out as a top-tier junior: ❏ Two excellent, high-torque projects. ❏ U.S. uranium production to rise from 165,000 lbs/yr to 50,000,000 lbs/yr, focused on Wyoming. We are there. ❏ Myriad i
Slide 4: Uranium
URANIUM One pound of uranium can produce the same Nuclear power releases less radiation into the amount of power as 20,000 pounds of coal. environment than any other major energy source. Stable baseload 10% global, 20% in U.S. Small footprint. Zero carbon, COP28 3x. Lowest mortality per terawatt of
Slide 5: Uranium juniors represent a unique opportunity
URANIUM JUNIORS REPRESENT A UNIQUE OPPORTUNITY Strathmore, a previous owner of, inter alia, part of our Wyoming project area during the last cycle (2007), went from $2m TO $457m market cap This is the stage of the cycle to invest in quality uranium juniors. 2007: URANIUM PRICE WENT FROM $7 TO $135 /
Slide 6: 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 7: Wyoming uranium thesis
WYOMING URANIUM THESIS We are at an exciting early stage in the uranium cycle. Uranium price is rising fast ($30 to over $90/lb in 18 months). Junior uranium equities will follow the majors upwards. Last cycle, quality juniors like Myriad went parabolic. U.S. consumes ~50,000,000 lbs of uranium per
Slide 8: Wyoming
WYOMING Wyoming is the historic and also current centre of uranium mining in the USA. 3 of 4 current producing U.S. mines are in Wyoming. Sen. John Barrasso (R-WY) is leading the charge to ban Russian uranium, increase US production, secure U.S. uranium independence. Bipartisan support. CSE: M | OTC
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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: Myriad: high-torque potential
MYRIAD: HIGH-TORQUE POTENTIAL 2 company-making projects (1) Copper Mountain Uranium Project, Wyoming Union Pacific spent $78m (2023$) developing Copper Mountain in the 1970s. It has one of the larger (historical) resources in the state of Wyoming. Nearly mine-ready in 1980. Excellent “brownfield” expl
Slide 12: The Copper Mountain Uranium Project
THE COPPER MOUNTAIN URANIUM PROJECT 75% earnable interest; path to 100%. It is the first time since 1982 that there is unified ownership of the entire project area. Union Pacific drilled 2,000+ boreholes, identified 6+ deposits, and was planning a mine centred on North Canning. They estimated the potent
Slide 13: 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 13
Slide 14: 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 15: 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 16: Historic drilling
The Copper Mountain Project HISTORIC DRILLING 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 close to su
Slide 17: Historic drilling
The Copper Mountain Project HISTORIC DRILLING Union Pacific had intended the area to be the centre 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 18: Boosting domestic uranium supply
Uranium in the U.S.A. BOOSTING DOMESTIC URANIUM SUPPLY In March, 2024, U.S. Congress allocated $2.7 Billion to fund the recently enacted ‘Nuclear Fuel Security Act' (NFSA), its largest cash infusion into U.S. Uranium in decades. The NFSA is intended to boost domestic U.S. production of enriched uran
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 21
Slide 22: Going forward
GOING FORWARD Leverage our proprietary historic data sets to add known deposits and high-grade areas (ongoing). Example: Knob Deposit, which historic data identifies as highly prospective. Acquire and generate additional data based on new geological models. Bring historic resources current, expand, a
Slide 23: Capital structure
CAPITAL STRUCTURE Shares issued & Outstanding 34.2 M Options 5.1 M Warrants 11.9 M Fully diluted shares 51.2 M 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 house. Photo: Plant
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 David Miller Adamou Michael Cantey Ron Halas Jim Davis ISR Expert, Technical Technical Committee Technical Committee Board Member, Technical Committee Committee Ousemane Technical Committee Technical Committee A leader in environmental Professional economic geologist Commander
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: Myriad Uranium thesis
MYRIAD URANIUM THESIS 1. This is a high torque opportunity because the Wyoming transaction was agreed before the parties understood the project’s enormous uranium endowment (estimated esource of 15-30 Mlbs, target of 63.8 Mlbs) and its significant exploration upside. This has not yet been reflected. 2
Slide 28: 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