Interview with Thomas Lamb, CEO of Myriad Uranium Corp.
Our previous interview: www.cruxinvestor.com/posts/my...
Recording date: 25th January 2024
Myriad Uranium holds an extensive land package in the uranium-rich Powder River Basin that has seen over $117 million of past exploration work by major companies in the 1970s and 80s. Historic drilling outlined substantial mineralization, with past resource estimates ranging from 15 million to as high as 63 million pounds of U3O8 across multiple zones.
As the uranium market gathers momentum amid looming supply shortages, Myriad is focused on reawakening the dormant potential of its flagship Wyoming property. Recent analysis suggests even more resources may be discovered as the company compiles and digitizes decades of historical records and data.
Upgrading resources to modern 43-101 compliant status could drive a major revaluation of the intrinsic value locked within the project's forgotten uranium deposits. Strategic partnerships or corporate acquisitions also loom as possibilities, with uranium assets in the American West appreciated anew in light of US security of supply priorities.
Yet Myriad trades at just an $18 million market capitalization despite:
Historic resources pointing to 15 to 63 million pounds of uranium
Over 2,000 drill holes and hundreds of surveys completed historically
Recent findings uncovering more untapped districts on the property
Position in the heart of a renewed Wyoming uranium hub
As CEO Thomas Lamb stated: "I invite your viewers to compare our license, our project...against other projects in Wyoming. We have a historically, we have a very big project and it's going to be tempting to to people."
Just as gold explorers with high-grade intercepts can command premium valuations before formal resources declared, uranium explorers in tier-one jurisdictions with extensive indications of mineralization warrant investor attention.
Myriad Uranium checks these boxes in Wyoming's Powder River Basin - an area responsible for over 220 million lbs of past U3O8 production since the 1950s. With blue sky exploration potential beyond already substantial historic deposits, investors have an opportunity for early positioning ahead of wider market recognition.
The company expects to release more details on recent discoveries and plans to upgrade historic resources in coming weeks. Those seeking leverage to a uranium market poised for further gains would do well to take notice.-
View Myriad Uranium's company profile: www.cruxinvestor.com/companie...
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