Myriad Uranium

Infinite Energy for Endless Possibilities – It’s All About Uranium

Why We Think CSE:M

Is A “Hot Stock” Right Now

1. 1800km2 of prime exploration licenses covering the key Arlit, Madaouela and Azouza fault intersections in the prolific Tim Mersoï Basin
2. Located in the immediate vicinity of multiple world class projects including Africa’s largest uranium deposit, Orano’s Imouraren (384Mlbs eU₃O₈) and GLO’s Dasa (236 Mlbs eU₃O₈)
3. Myriad owns historical Orano exploration data worth millions including: 28,000m of drilling and high-resolution geophysics
4. 20% of historic holes intersected >100ppm eU3O8
5. Orano recently announced a $115m in-situ recovery test program at Imouraren. Success could transform Imouraren’s economics and bode extremely well for Myriad’s adjacent Agebout licence.
6. Game changing intersections at next-door Dasa (0.7m at 13.63% eU3O8) within 43.6m at 3% on the Azouza fault which runs directly into our Afouday licence.
7. Board members and Myriad’s West African partners are the company’s largest shareholders – equity interests are aligned.
8. Niger has one of the world’s largest uranium reserves and could soon be the world’s 2nd largest uranium producer.

The world is at the dawn of a new energy era.

Climate change and the growing urgency for carbon neutrality has catapulted the energy sector into a remarkable transition. Within this shift, nuclear power, specifically uranium, is gaining rapid prominence, and could be poised to be the linchpin in our global energy future.

The world is starting to recognize the pivotal role that uranium, as the backbone of nuclear power, plays in a decarbonizing world.

The global demand for sustainable, reliable, and base-load power generation positions uranium as an attractive investment opportunity. Coupled with tightening supply-side dynamics, this scenario creates a favorable environment for those willing to capitalize on this trend

How Investors Can Win.

With the clean energy boom, there will be a dramatic increase in the demand of its primary fuel, Uranium. 

By the end of this article you will understand it’s importance to the global markets, as well as one company you need to be watching. 

The Importance of Uranium

Uranium is a vital resource for nuclear power generation, which offers a reliable and low-carbon energy solution. As the world seeks to transition away from fossil fuels and reduce greenhouse gas emissions, nuclear power presents a viable option for meeting the growing global energy demand.

Currently, 437 nuclear reactors fulfill approximately 10% of the world’s electricity requirements. However, over the next ten years, this number is anticipated to skyrocket as approximately 60 additional reactors become operational. Furthermore, there are an additional 104 reactors in the planning stage, alongside a staggering 338 more that have been proposed for future development.

Uranium Exploration In Niger, Africa

Niger is one of the largest producers of uranium in Africa, and the country’s uranium industry is led by the state-owned mining company Société des Mines de l’Aïr (SOMAIR) and the French mining giant Orano. The uranium mining sector in Niger accounts for a significant portion of the country’s export earnings and is a critical source of revenue for the government.

Niger is the world’s fifth-largest producer of uranium, and the government is working hard to attract investment to the sector and massively increase uranium production. In 2020, the government signed a new mining code that aims to attract more foreign investment by providing better tax incentives and reducing regulatory barriers. Niger is on track to become the world’s second-largest uranium producer.

The establishment of key institutions like the Ministry of Mines and the Mining Registry further enhances the oversight and regulation of mining operations. Niger has been successful in securing agreements with international mining companies and establishing partnerships with foreign governments. The government’s support extends to explorations and exploitation projects, with a specific focus on the lucrative uranium industry.

In Numbers, Niger’s extractive industries account for 7% of government revenues, 8% of GPD, and 42% is for exportation.

Myriad is actively exploring for uranium on-structure and adjacent to Africa’s largest and highest grade deposits.

Moreover, a number of prominent nations such as the United States, France, China, and India are actively embracing the utilization of Small Modular Reactors (SMRs), thus enhancing the accessibility of clean energy. SMRs offer remarkable flexibility as they can be easily adjusted to meet varying energy demands. However, the effectiveness of these new power plants hinges on the availability of uranium. The demand for uranium is already significant and is expected to grow substantially in the near future.

Myriad Uranium (CSE: M) A Uranium Company With The Stage Set

An ESG-Focused Uranium Opportunity

Myriad (CSE:M) is a Vancouver-based mineral exploration company with an option to earn a 100% interest in 1,822 km2 of uranium exploration licenses in the Tim Mersoi Basin, Niger. Myriad also has a 50% interest in the Millen Mountain Property located in Nova Scotia, Canada, with the other 50% held by Probe Metals Inc.

Myriad is gearing up for a transformative year in 2023. Having completed a thorough review of its historical data and continuing to confirm surface anomalies through field assessments, Myriad’s primary focus now lies in identifying ideal drilling targets and depths. To achieve this, Myriad is employing advanced technologies like geophysics using electrical methods such as IP and AMT.

Myriad Vs. The Big Boys

Myriad (CSE:M) is a Vancouver-based mineral exploration company with an option to earn a 100% interest in 1,822 km2 of uranium exploration licenses in the Tim Mersoi Basin, Niger. Myriad also has a 50% interest in the Millen Mountain Property located in Nova Scotia, Canada, with the other 50% held by Probe Metals Inc.

With a longstanding presence in the country, Orano operates through its subsidiaries SOMAÏR and COMINAK, delivering substantial contributions:

The SOMAÏR mine exhibits an average grade of 1.9 kilograms of uranium per ton of ore, reflecting its significant uranium content.

On the other hand, the COMINAK mine boasts a higher average grade of 3.6 kilograms of uranium per ton of ore, denoting a richer concentration of uranium resources.

These figures underscore the valuable output and resource potential associated with Orano’s mining operations in close proximity to Myriad.

In early April, a significant development unfolded as Orano announced its ambitious plan to invest a substantial $115 million in a formal in-situ recovery (ISR)* project at the Imouraren site. While ISR is a highly effective and cost-efficient uranium production technology used worldwide, it has not yet been utilized in Niger. If successful, this groundbreaking innovation could revolutionize the industry.

Myriad will take on the comprehensive investigation of the previously unexplored northern region of Imouraren this year. The exploration program will leverage state-of-the-art techniques, including high-resolution aircraft surveys and ground geophysics, to precisely determine optimal drilling locations. Subsequently, drilling operations will commence.

2023 Exploration Plan: Catalysts

The review of historical data has been concluded, and efforts are currently underway to confirm surface anomalies through field-based investigations.

In the coming months of the first half of 2023, a comprehensive survey utilizing ultra-high resolution drone magnetometry and surface geophysics methods will be conducted in key areas adjacent to Imouraren and Dasa.

The purpose of this survey is to identify and assess target horizons and depths, providing valuable information for drill targeting.

The drilling phase is scheduled for the second half of 2023.

A Local Exploration Team

The company made strategic investments in local resources to ensure its success. Myriad recruited a team of highly skilled individuals from Niger, including Adamou Ousemande, a renowned geologist and commander of the National Order of the Merit of the Republic of Niger, with expertise in uranium exploration. They also hired Michael Cantey, who possesses 18 years of experience in exploring and developing mineral deposits across Africa. Additionally, with

Loxcroft Resources, a significant shareholder, on board, Daye Kaba, a partner at Asafo & Co., and Cyril Amadi, a seasoned veteran with 20 years of experience in the mining industry, joined the board of directors.

Loxcroft Resources, responsible for managing explorations on behalf of Myriad, brings invaluable expertise to the table. Their team has extensive knowledge and direct experience in the Tim Mersoï basin, which greatly benefits Myriad. Moreover, Loxcroft already has established relationships with local drillers and other service providers, as well as ongoing conversations with regulators and senior governments officials.

In an exciting move, Ron Halas, former COO of Global Atomic, has just joined Myriad’s Technical Committee. Global had the same small market cap as Myriad several years ago, and is now over $500m. Mr. Halas will help give Myriad its best chance at copying what Global has done.

Uranium For A Greener Planet

According to the Nuclear Energy Institute, nuclear energy in the US avoided over 471 million metric tons of carbon dioxide emissions in 2020, equivalent to removing 100M cars from the road and surpassing emissions saved by other clean energy sources combined.

Nuclear energy eliminates thousands of tons of harmful air pollutants annually, linked to issues like acid rain, smog, lung cancer, and cardiovascular diseases.

It has a small land footprint, with a 1,000-megawatt nuclear facility requiring just over 1 square mile of land, in comparison to wind farms needing 360 times more land area and solar photovoltaic plants requiring 75 times more lan area and solar photovoltaic plants requiring 75 times more space for equivalent electricity generation.

The Financials

The most recent financial statements occurred for the period ending January 31. The company had $1M in cash and holds no debt. On the expenses side, Myriad had a loss of only $216k. Albeit this data is low, the company didn’t have any exploration expenses, and it should augment in H2 2023. 

Regarding the share structure, investors will be pleased to see only 26.5M (majority held by management, local partners) shares are issued and outstanding, meaning the stock price will be moved more easily. The company also has 3.73M options (avg. price: $0.19) and 8.5M warrants (avg. price: $0.40). 

Stock Price Information

Regarding information on the stock price, $M.CN continues its positive uptrend. Just a year ago, it traded around its 52-week low of $0.135, and since then, the stock price has built nice momentum to currently end up trading at $0.30 (May 5, 2023). Keep in mind that while the company continues to grow, any updates from Orano will definitely boost Myriad’s valuation higher. 

It’s worth mentioning, to strengthen the partnership with Loxcroft, Myriad issued 8.5M shares to the optionor and Loxrcoft Resources to earn an 80% interest in Myriad’s 4 licenses. Regarding the 20% remaining, Myriad has 6 years to buy them for $6M. Based on future successful, value-adding milestones like the definition of 10 Mlbs and 50 Mlbs eU3 O8, PEA, and the issuance of a mining license, Myriad could give further cash or shares to Loxcroft. All possible bonuses amount to $5 million. Also, Loxcroft keeps 1% of the NSR

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