The Search For Limitless Energy Is One Step Closer With Myriad

A nuclear fission energy revolution is knocking at our doorstep, waiting to transform the energy landscape globally.

If you haven’t been following the latest developments, scientists are making remarkable progress in their quest to unleash ‘near-limitless, safe, clean energy’ using nuclear fission technology. The promise of a world fuelled by endless clean energy, devoid of outages and carbon emissions, might seem like a far-off dream. 

We now understand that clean, stable, baseload electricity from large, modern, and super-safe reactors is vitally important to energy security and reducing carbon emissions, and countries around the world are now building these reactors as fast as they can.  

And new breakthroughs in nuclear technology are bringing a zero-carbon future closer and faster than we ever imagined.  These are the revolutionary  “small modular reactors” which are being designed and built currently. They are going to power the future all around the world.

Before we venture further into this promising future, let’s take a moment to understand a crucial player in this revolution – uranium.

Despite the ominous aura that often surrounds uranium, it’s actually much safer and cleaner than alternatives such as coal, gas, and oil.. Nuclear energy has long been the subject of controversy, with concerns about its environmental impact and safety often taking center stage. 

However, these concerns stem from misunderstandings about the production and utilization of nuclear energy.

In reality, nuclear energy is a clean, safe, and dependable source of electricity. It can significantly reduce our reliance on fossil fuels and help us fight climate change more effectively.

So why should this matter to you? Well, the answer lies in the financial opportunities that accompany technological advancements. As we edge closer to a potential boom in fission technology, the demand for uranium, the primary fuel for this process, is expected to rise dramatically.

Did you know that Niger, with the largest uranium reserves in Africa, could soon ascend to the position of the world’s second-largest uranium producer?

Niger Will Be Under The Spotlight In The Future – A Growing Uranium Hub

Leading corporations such as Orano have been mining uranium in Niger for decades, but a rising star is making its presence felt. Myriad Uranium (CSE: M, OTC: MYRUF, FRA: C3Q), with its projects located right beside Orano’s, is a company to watch. Its current valuation is less than $10M, but with strategic plans for 2023, Myriad Uranium has clear ten-bagger potential.

Niger’s importance as a hub of uranium cannot be overstated. As we transition towards cleaner energy sources, nuclear energy, primarily powered by uranium, is an optimal choice. In 2021 alone, Niger produced 2248 tons of uranium.  That’s big production, but it’s about to get much bigger, since some of the world’s most significant uranium deposits, which are located in Niger, are about to come on stream.

French-state-owned company Orano has been operating in Niger for decades, specifically in the Tim Mersoï basin. This is the very location where Myriad’s projects are situated. Niger’s government strongly supports Canadian foreign investors, and the region enjoys robust protection from a nearby American air force base.

This bodes well for Myriad Uranium, which has been making strategic moves to secure its position in the market. The company acquired a 100% option through four different licenses covering over 1,800 Km2 in the Tim Mersoï basin, adjacent to Orano’s Imouraren property and on the same structure.   Imouraren is Africa’s largest uranium deposit and the world’s second-largest. 

The year 2023 holds the promise of a significant turning point for Myriad. The company is gearing up to identify the best targets in H1, thanks to ultra-high resolution drone mag survey and electrical method surface geophysics, before initiating drilling operations in H2.

Myriad isn’t just banking on advanced technology to bolster its operations; it has invested heavily in local expertise to ensure its success. The company’s hiring strategy reflects a strong emphasis on local knowledge and experience, which are indispensable in navigating the intricacies of Niger’s mining landscape.

By the end of this article, you will not only grasp uranium’s importance to the global markets but also understand a company that you should keep an eye on – Myriad Uranium.

Niger Can Become 2nd Largest Uranium Producer Worldwide

Did you know that Niger, with the largest uranium reserves in Africa, could soon ascend to the position of the world’s second-largest uranium producer?

When it comes to the energy transition, nuclear energy is the cleanest option and only possible with uranium. Niger generated 2248 tU in 2021, and until the end of 2019, the country had produced roughly 150,000 tU in total. 

French-state-owned company Orano has been operating in the country for decades in the Tim Mersoï basin, which is also where Myriad’s projects are located. 

It is important to mention that the government from Niger strongly supports Canadian foreign investors, including Global Atomic and Goviex. The region is also protected by a nearby American air force base.

Facts about Niger:

  • Two important uranium mines in Niger provide the highest-grade uranium ores in Africa and account for around 5% of global mining output.
  • In 1971, the first uranium mine in Niger went into operation.
  • The government is firmly in favor of increasing uranium mining.
  • Niger has been providing America’s largest utilities with a constant supply of uranium since 2007.
  • Security is a priority: America’s largest air force base is Africa is located in the middle of Niger’s uranium basin.

Diving Deeper – Myriad Uranium (CSE:M)

The company acquired 100% option through 4 different licenses covering over 1,800 Km2 in the Tim Mersoï basin.  All are either adjacent to or near Orano’s Imouraren property (this is Africa’s largest uranium deposit), and also to Global Atomic’s Dasa project, which is also enormous, and is Africa’s highest grade development stage uranium deposit. 

2023 is shaping up to be a pivotal year for Myriad. After having its historical data review completed and the field-based confirmation of surface anomalies being underway, Myriad will be identifying targets and depths for drilling, thanks to ultra-high resolution drone mag survey and electrical method surface geophysics such as IP and AMT. 

Early April, Orano announced it would massively invest ($115M) in formal in-situ recovery  (ISR)* at its Imouraren project. ISR  is the most effective low-cost production technology for uranium globally, but it hasn’t been applied in Niger yet, so if it works, it might completely transform the business. The area just north of Imouraren, which Myriad now owns, has never been thoroughly investigated. The 2011 Fukushima Daiichi tragedy prevented Areva, the previous owner and predecessor of Orano, from carrying out a comprehensive drill program for the region that called for 65 boreholes. “Imouraren North” will be investigated by Myriad this year. High-resolution aircraft and ground geophysics for drill targeting will be included in the program, which will be followed by drilling.

The company invested in local forces to succeed. Myriad hired Nigeriens Adamou Ousemane (Commander of the National Order of the Merit of the Republic of Niger, uranium geologist) and Michael Cantey (18 years of experience in the exploration and development of mineral deposits across Africa).  The company has also engaged Ron Halas, former COO of Global Atomic, as a member of Myriad’s Technical Committee to help it make and exploit discoveries. And with Loxcroft Resources being a significant shareholder, Daye Kaba (partner at Asafo &Co.) and Cyril Amadi ( 20 years of experience in the mining industry) joined the board of directors. 

Loxcroft manages explorations on behalf of Myriad, and its team has a strong and direct experience in the Tim Mersoï basin. It is a massive help for Myriad as Loxcroft already has relationships with local drillers and other services and has close relationships with regulators and senior government officials. 

Share Structure / Financials

The most recent financial statements occurred for the period ending January 31. 

When we peek into Myriad’s financials, we find a company in a strong position, with $1M in cash and no debt on its books. The company is efficient at raising money and exploration expenses, which are essential to making discoveries, are expected to increase in H2 2023.

From a share structure perspective, Myriad has a lean structure of 26.5M shares outstanding, the majority of which are held by management and local partners.  This makes it an attractive proposition for investors. Any significant company news could result in noticeable stock price movements, providing a potential windfall for investors.

Looking to the future, the partnership between Myriad and Loxcroft is set to strengthen.  As the company continues to grow and the demand for uranium surges, investors could see Myriad’s valuation soar.

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 are likely to boost Myriad’s valuation higher. 

The promise of nuclear energy, the potential of uranium, and the strategic positioning of companies like Myriad Uranium make this an exciting time for investors and energy enthusiasts alike. As we stand on the precipice of a nuclear energy revolution, the future seems filled with boundless opportunities.

Why we believe Myriad Uranium (CSE: M, OTC: MYRUF, FRA: C3Q) is a Hot Stock: 

  • Decarbonization will not be possible without an increased role for nuclear power.
  • Niger provides the highest-grade uranium ores in Africa and accounts for around 5% of global mining output, and this is set to grow fast.
  • Myriad has prime uranium licenses on the most important uranium-bearing faults and structures in the country.
  • Myriad’s licences are surrounded by some of the most significant uranium deposits in the world.  You can see that in the maps included in this article.
  • Myriad has a massive amount of historical data generated by the previous owner, Areva (now known as Orano) which it will use to help it make discoveries.
  • Myriad’s direct neighbor, on the same structures, is Africa’s largest uranium deposit Imouraren.  
  • Orano had big plans to explore Myriad’s areas, but was unable to initiate those plans and Myriad’s partners grabbed the licences.  Now it’s Myriad’s chance.
  • French state-owned Orano is making huge investments ($115M) in Imouraren to advance in-situ recovery, which can be enormously profitable.  
  • This is a potential game-changer because it bodes well for Myriad’s projects which are right next door to Imouraren on the same structures.
  • Loxcroft helps run exploration with a local team providing strong expertise and it has relationships with drillers and government officials.
  • Myriad’s share structure is very tight, with most of its shares being held by management and local investors.  The interests of investors are aligned with the interests of management.

Where To Find Myriad Uranium & Learn More About The Company

Myriad Uranium trades on the CSE under the symbol $M, the OTC under the symbol $MYRUF, and the FRA under the symbol $C3Q.

You can learn more about $M on their website at: https://myriaduranium.com/

You can also explore further on our featured company write-up at the following link:


To contact the company, you can reach out using the information below: 

Myriad Uranium 

#600-1090 West Georgia Street, Vancouver, BC, V6E 3V7

Phone: +1 604 4182877, Thomas Lamb, CEO, Email: tlamb@myriaduranium.com

*In-situ recovery, or ISR, is an approach to mineral extraction which combines drilling, rock fracturing, and chemical leaching directly at the drill site, creating minimal surface disturbance of the landscape.

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