Myriad Uranium Corp · CSE:M
Myriad Uranium — Investor Presentation (May 2024)
26 slides from Myriad Uranium's investor presentation, May 2024
Slide 1: Advancing the Copper Mountain Uranium Project in Wyoming, USA
Advancing the Copper Mountain Uranium Project in Wyoming, USA May 2024 CSE: M OTC: MYRUF FRA: C3Q MYRIADURANIUM.COM 1 CSE:M | OTC:MYRUF | FRA: C3Q
Slide 2: Disclaimers
QUALIFIED PERSON DISCLAIMERS 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: Summary
SUMMARY Uranium is the hottest commodity in the world currently. 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. The increase will be centered on Wyoming, which hosts 3 out of 4 currently-operating uranium mines in the USA
Slide 4: A Remarkable Story
A REMARKABLE STORY Instead of a small exploration project, it turns out the Copper Mountain Uranium Project is remarkably advanced. A trove of paper-based historic data has revealed that Union Pacific Railway spent US$78m (2024$) exploring Copper Mountain during the 1960s and 1970s, and that they had
Slide 5: Why Uranium
WHY URANIUM One pound of uranium can produce the Nuclear power releases less radiation into the environment same amount of power as 20,000 pounds than any other major energy source and has the lowest of coal. mortality per terawatt of any major source. Nuclear power currently provides 10% of the wor
Slide 6: Myriad Represents a Unique Opportunity
MYRIAD REPRESENTS A UNIQUE OPPORTUNITY During the last uranium bull market (2005-2007), part of the Copper Mountain Uranium Project was Strathmore’s principal asset and the company reached a market cap of $457M in 2007. 2007: URANIUM PRICE WENT FROM $7 TO $135 /LB (nominal) CSE: M | OTC: MYRUF | FRA
Slide 7: Why Prices Are Rising
WHY PRICES ARE RISING Demand is rising fast and since Fukushima there have been no new uranium mines built. There is a massive structural supply deficit currently, with limited relief forecast until NexGen’s Rook I produces in 2028. Cold war stockpiles and “Megatons to Megawatts” weapons downblending
Slide 8: Wyoming Uranium Thesis
WYOMING URANIUM THESIS U.S. government support for the uranium sector is strong and entirely bipartisan. Politically, the sector is led by Wyoming Senator John Barrasso. The uranium price and investment in Wyoming’s uranium sector are likely to receive a big boost when the U.S. bans Russian reactor
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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: The Copper Mountain Uranium Project
THE COPPER MOUNTAIN URANIUM PROJECT This is the first time ownership of the entire Copper Mountain project area has been unified since 1982. Note: The estimates on this slide are historical and not 43-101 compliant. See Slide 25 for further information respecting historical estimates. Union Pacific dri
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. The trove is revealing drill results, resource estimates, deposit locations, and a significant number of high grade targets. Much of the information revealed has be
Slide 13: Potential for Major Discoveries
POTENTIAL FOR MAJOR DISCOVERIES Copper Mountain has world class potential in the Background uranium in the granites is 50 “brownfield” exploration and ppm. expansion of the Copper Modern techniques could lead to new Mountain district. uranium discoveries. - Davis & Wilton Union Pacific was focused on
Slide 14: The Copper Mountain Project Potential
The Copper Mountain Project Union Pacific had planned a mine at Copper Mountain but aborted in 1982 as prices fell. POTENTIAL They had evaluated the project as a medium-grade, very large volume deposit and planned open pit mining with a central processing plant. This is possibility is open to us. Uni
Slide 15: Historic Drilling
The Copper Mountain Project HISTORIC DRILLING E2 Zone Myriad recently announced historical high grade uranium intervals at Copper Mountain. The intervals relate to 82 boreholes drilled into the “High Grade Zone” at North Canning, an area slated for open-pit mining by Union Pacific. The results confirm
Slide 16: Historic Drilling
The Copper Mountain Project HISTORIC DRILLING Note: The information on this slide is historical and not 43-101 compliant. See Slide 25 for further information respecting historical estimates. Union Pacific had intended the “High Grade Zone” to be the center of a “hub-and-spoke” mine they were plannin
Slide 17: New Insights
The Copper Mountain Project NEW INSIGHTS Note: The information on this slide is historical and not 43-101 compliant. See Slide 25 for further information respecting historical estimates. Union Pacific never drilled deeper than 600 ft (182m). But we now know, thanks to the recently-announced intervals
Slide 18: Potentially One of Wyoming's Largest Uranium Deposits
Copper Mountain POTENTIALLY ONE OF WYOMING’S LARGEST URANIUM DEPOSITS Note: The following estimate of potential is historical and not 43-101 compliant. See Slide 25 for further information respecting historical estimates. If Union Pacific’s estimate of Copper Mountain’s potential (63.8 Mlbs) is reali
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 over 1800 km2 - Agebout, Afouday, Tagait 2 & Tagait 3 - are all along the Arlit Fault (see
Slide 20: Going Forward
GOING FORWARD Myriad’s intends to bring historic resources current and then work to increase resource and grade. Mapping, sampling, geophysics, and drilling are planned. Myriad will also leverage a growing proprietary historic data set to continue adding known prospects, deposits, and high-grade are
Slide 21: 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 2024/05/07 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 22: 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 23: 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 24: Property Option Details
The Copper Mountain Project PROPERTY OPTION DETAILS • Property Option Agreement signed by Myriad Uranium Corp. and Rush Rare Metals Corp. on October 18, 2023 giving Myriad a 75% earnable interest in the project, subject to an underlying 2.5% NSR royalty. • A small part of the project (<10% of the to
Slide 25: Historical Estimates
Myriad has determined that the historical estimates stated herein are HISTORICAL ESTIMATES 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 26: 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