Myriad Uranium Corp · CSE:M
Myriad Uranium — Investor Presentation (June 2024)
32 slides from Myriad Uranium's investor presentation, June 2024
Slide 1: Advancing the Copper Mountain Uranium Project in Wyoming, USA
Advancing the Copper Mountain Uranium Project in Wyoming, USA June 2024 CSE: M | OTC: MYRUF | FRA: C3Q MYRIADURANIUM.COM
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 and relevant supporting documents (collectively, t
Slide 3: Introduction
INTRODUCTION CSE OTCQB FRA M MYRUF C3Q Summary Myriad Uranium Corp. 34.5m shares outstanding; insiders hold 44%; market cap C$10.6m (May 24, 2024). Flagship asset, the Copper Mountain Uranium Project in Wyoming, U.S., underwent US$78 Mil (2024$) in exploration expenditures by Union Pacific during th
Slide 4: Myriad Investment Thesis
MYRIAD INVESTMENT THESIS Until Oct 2023, Myriad was exploring a large, highly prospective 1,800 sq km land package in Niger. Then we acquired an earnable 75% interest in the Copper Mountain Uranium Project in Wyoming from Rush Rare Metals Corp. with the plan to keep Niger optionality in reserve. Sin
Slide 5: Uranium
URANIUM The U.S. is racing to secure domestic supply due to rapidly evolving geopolitical risks Sources of Uranium for U.S. Nuclear Power Plants U.S. nuclear power plants are heavily 1950-2022 (million pounds of uranium oxide) reliant on imported uranium. 60 In 2022, the U.S. nuclear reactor fleet c
Slide 6: Wyoming - Tier 1 Jurisdiction
WYOMING - TIER 1 JURISDICTION Wyoming hosts the largest-known uranium ore reserves in the United States and is now the focus of incoming investment. Lance-Ross The state also leads the U.S. in uranium production, hosting 4 out Powder of America’s 5 operating uranium mines (2023). Irigaray & Christen
Slide 7: Copper Mountain Timeline
COPPER MOUNTAIN TIMELINE 1950s - 1960s 1996 - 1997 OCT 2023 MAY 2022 Arrowhead Uranium Anaconda analyses historical drilling Rush acquires 10 Myriad Options the Copper Mine at Canning’s High Grade Zone core claims Mountain Uranium Project Legendary geologist Jim Davis (a Myriad The 82 boreholes iden
Slide 8: Copper Mountain Uranium Project
COPPER MOUNTAIN URANIUM PROJECT Potentially one of the largest uranium projects in Wyoming Wyoming Shortcut Arrowhead Mine Last Hope Mine 2006-2012 - Neutron and Strathmore Allard each held parts of the project area. Fuller North Canning Mine Hesitation The western part of Canning and certain Skunko
Slide 9: Copper Mountain project map
Wyoming Shortcut Arrowhead Mine Last Hope Mine Allard Fuller North Canning Mine Hesitation Skunkovitch Berger Midnight Gem Mine 1600' 0 800' 1600' Kermac/Day Mine Bonanza Mine Past Producing Mines Knob Historical Prospects Historical Drillholes Claim Boundaries The information on this image is histo
Slide 10: Union Pacific Planned a Large-Scale Mine at Copper Mountain
UNION PACIFIC PLANNED A LARGE-SCALE MINE AT COPPER MOUNTAIN Union Pacific had developed a 6-pit mine Historical data has revealed that Union Pacific spent US$78m plan centered on the (2024$) exploring Copper Mountain during the 1960s and Canning Deposit. 1970s. Union Pacific drilled more than 2,000 b
Slide 11: Historical Exploration and Development Records
HISTORICAL EXPLORATION AND DEVELOPMENT RECORDS Historical data expected to save significant time and capital Myriad has acquired extensive historical information, mostly from the 1970s, allowing the Company to leverage Union Pacific’s large-scale exploration and development GB work. Technical and Di
Slide 12: New Insights
NEW INSIGHTS Compilation of significant historical intervals confirm high grade eU3O8 near surface Union Pacific never drilled deeper than 600 ft (182m). However, more recent interpretations of the mineralization model suggest that high grade uranium (to 3850 ppm) is most likely concentrated in verti
Slide 13: Historical Drilling
HISTORICAL DRILLING High Grade Zone at North Canning Deposit Myriad recently announced historical high grade uranium intervals at the Copper Mountain Uranium Project. E2 Zone The intervals relate to 82 boreholes drilled into the High Grade Zone at North Canning, an area slated for open-pit mining by
Slide 14: North Canning High Grade Zone
NORTH CANNING HIGH GRADE ZONE Intercepts at the High Grade Zone up to 0.385% Union Pacific had intended the High Grade Zone to be the center of a hub-and-spoke mine they were planning in the late 1970s. Intercepts at the High Grade Zone (aka “Area of Special Interest”) were up to 0.385% and included
Slide 15: District Scale Potential
DISTRICT SCALE POTENTIAL Copper Mountain has world class potential in the “brownfield” exploration and Background uranium in the granites is 50 ppm. expansion of the Copper Mountain Modern techniques and updated geological district. understanding could lead to new uranium discoveries. Neutron Energy
Slide 16: Potential for Multiple Major Discoveries
POTENTIAL FOR MULTIPLE MAJOR DISCOVERIES Union Pacific had planned a mine at Copper Mountain but aborted in 1982 as prices fell. They evaluated the project as a medium-grade, very large volume deposit and planned open pit mining with a central processing plant. This possibility is open to us. Union P
Slide 17: Exploration Plan
EXPLORATION PLAN CSE M OTCQB MYRUF FRA C3Q Objective Copper Mountain 2024 Exploration Plan Geophysics USD Summer and Fall 2024 will focus on drilling the ‘High Grade Zone’ Ground Magnetometer Survey $41,000 at the Canning Deposit, which was the centre of Union Pacific’s Total $41,000 1979 six-pit mi
Slide 18: Major Catalysts
MAJOR CATALYSTS 2H 2024 1H 2025 JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN Ground magnetometer survey, high grade structure identification Expansion, continued District consolidation Investor awareness program Announce 2H 2024 exploration plan Announce exploration potential described in his
Slide 19: Uranium Supply & Demand
URANIUM SUPPLY & DEMAND Global uranium demand to exceed mined production, with no solution in sight 150k 2024 Global Demand * Tonnes of Elemental Uranium (mt) 125k High Demand: 90k mt Production: 70k mt 100k Production Deficit: 20k mt 75k Cumulative Supply Deficit 50k 2024-2040 2025: 30k mt 25k 2034
Slide 20: The West Is Highly Vulnerable
THE WEST IS HIGHLY VULNERABLE Much of the world’s uranium production is controlled by strategic adversaries Russia and China World Mined Uranium Output and Consumption Kazakhstan is the single largest producer of 100 uranium in the world (40%), producing 24.7kt, from a total of 62.7kt mined world-wi
Slide 21: U.S. Uranium Supply Gap
U.S. URANIUM SUPPLY GAP U.S. Uranium Supply and Demand U.S. Dependence on Foreign Mined Uranium In 2022, U.S. nuclear power reactors purchased 40.5 2001-2022 Mlbs of uranium from U.S. and foreign suppliers. However, U.S.-origin uranium accounted for just 2.1 70 Mlbs or 5% of total uranium purchased.
Slide 22: Uranium's Geopolitical Risk
URANIUM‘S GEOPOLITICAL RISK The U.S. comes to grips with its dependence on Russia’s nuclear energy industry Russian State-owned Rosatom, has the world’s RUSSIA largest construction portolio of nuclear power plants with 73 active projects in 29 countries, Russia controls 40% of global uranium represe
Slide 23: Uranium Exploration Budgets
URANIUM EXPLORATION BUDGETS Investment in U.S. uranium exploration Uranium Exploration Budgets and Security of is set to boom Domestic Supply 2007-2022 2008 Global uranium exploration budgets peak at US$1.16 billion on record uranium prices, 1,200 driving a series of major uranium discoveries. 1,000
Slide 24: Uranium Price Outlook
URANIUM PRICE OUTLOOK Fundamentals point to a significant price appreciation driven by a structural market deficit Spot Price Contract Price 140 2007 US$138.00 Uranium spot price is $91.25/lb (May 25, 2024) up 120 from $30/lb three years ago. 100 2011 BoA Global Research forecasts spot will rise to
Slide 25: Uranium Outperforms
URANIUM OUTPERFORMS Uranium equities and physical uranium continue to outperform major asset classes 350 Uranium equities are forecast to 242.05% outperform through to 2030 and beyond. 300 180.07% For the five years ended Nov 30, 250 2023, uranium equities increased a cumulative 242.05% against 23.3
Slide 26: Corporate Overview
CORPORATE OVERVIEW * Capitalization Share Price Performance $0.40 Common shares issued and outstanding 46,266,003 02/20/2023 $0.37 0.375 01/15/2024 Stock Options 4,657,500 0.315 0.250 Warrants 18,133,718 0.190 Fully diluted shares 69,057,221 0.125 Ownership 0.065 2020 2021 2022 2023 May Sep 2024 Apr
Slide 27: Leadership
LEADERSHIP Thomas Lamb George van der Walt Nelson Lamb Daye Kaba Cyril Amadi Tom Lee CEO, Board Member, Qualified Person CFO Board Member Board Member Board Member Technical Committee Technical Committee Co-founder and President of Graduate of London Business Senior Economic Geologist with CPA, CA,
Slide 28: Leadership
LEADERSHIP Fred Bonner Adamou Ousemane Michael Cantey Ron Halas Jim Davis Douglas Christopherson Board Member, Technical Committee Technical Committee Technical Committee Technical Committee Technical Committee Technical Committee A leader in environmental Commander of the National Principal Consult
Slide 29: Investment Summary
INVESTMENT SUMMARY CSE OTCQB FRA M MYRUF C3Q District scaleasset District-scale asset Uranium fundamentals Attractive entry In current 2024 dollars, $78 million has The U.S. is the world’s largest Uranium equities forecast to been expended in past exploration and consumer of uranium. continue to out
Slide 30: Property Option Details
PROPERTY OPTION DETAILS Property Option Agreement signed by Myriad $150,000 in Myriad shares payable on Uranium Corp. and Rush Rare Metals Corp. on Oct. 18, 2024, and October 18, 2023, giving Myriad a 75% earnable interest in the Project, subject to $250,000 in shares payable on Oct. 18, an underlyi
Slide 31: Historical Estimates
HISTORICAL ESTIMATES Myriad has determined that the historical estimates stated herein are relevant to the Copper Mountain Project area, are reasonably reliable given the authors and circumstances of their preparation, and are suitable for public disclosure. However, readers are cautioned to not pla
Slide 32: Contact
CONTACT Thomas Lamb CEO, Director and Technical Committee E: tlamb@myriaduranium.com T: 604.418.2877 X: @tdlamb Myriad Uranium Corp. @myriaduranium Suite 600-1090 West Georgia Street Vancouver, British Columbia @myriaduranium Canada, V6E 3V7 www.myriaduranium.com @myriaduranium MyriadUranium CSE: M