Myriad Uranium

Primary ticker: CSE:M
Stage of development: Exploration
Primary mineral: Uranium
Project to promote: Uranium in Niger
Project location: Niger
Website:myriaduranium.com

Myriad is a high-potential uranium explorer in the Tim Mersoï Basin, Niger. We hold 100% options over 1,822 km2, including on-structure immediately adjacent to Africa’s largest uranium deposit, Orano’s Imouraren, and at the intersection of the faults which host Imouraren and Global Atomic’s nearby Dasa. Our goal is to make several Dasa- and Imouraren-like discoveries in the Tim Mersoï.

Cash: CAD 1M as of Nov 30
Debt: NIL

Major shareholders:
Loxcroft Resources Ltd. – 35%
Peter Smith – 5.4%
Guy Pinsent – 5.4%
Tom Lamb – 4.4%
Mike Raven – 2.8%
Management Ownership – 51%

Financials

Management Profile

Thomas Lamb- CEO
Thomas Lamb has 20 plus years of mineral sector and pubco experience, many of those specific to exploration in Africa. He co-founded M2 Cobalt (sold to Jervois Global), Goldgroup, Rift Copper, and J2 Metals. He is a former Jervois executive, and speaks French, English and Russian. He is a graduate of London Business School, holding MSc, JD, and BA degrees.

What is your rationale for taking part in 121 Mining Investment?

We will be fundraising coincident with the 121. We want to increase awareness of Myriad, since we are a new company. We will have new developments to announce at and before 121.

What recent news would you like to highlight to investors attending?

August 17, 2022 – MYRIAD METALS CORP. EXECUTES PROPERTY OPTION AGREEMENT RESPECTING URANIUM PROJECT IN THE TIM MERSOÏ BASIN IN NIGER, November 1, 2022 – MYRIAD METALS CORP. ADDS SIGNIFICANT AFRICA AND URANIUM EXPERTISE, December, 2022 – EXPLORATION UPDATE (pending)

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
(1) Increase awareness of Myriad Uranium;
(2) confirm the upcoming phases of our exploration plan and initiate exploration;
(3) complete our anticipated private placement
(4) complete acquisition of targeted acreage in the Tim Mersoi Basin;
(5) OTC and Frankfurt co-listings.

6 Months:
(1) phase 1 exploration along Arlit and Azouza Faults (which host Imouraren and Dasa);
(2) enhance investor awareness

12 Months:
Advance our exploration program and be on a path to announcing a significant discovery.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

We have high potential uranium exploration licenses adjacent to or on structure near some of Africa’s largest and highest grade uranium deposits, and we have a strong technical and management team; this will help us deal with the ordinary operational and market condition challenges that are part of our business. Also, Niger’s government is highly supportive and the country has a large pool of uranium sector talent we can access.

What do you think makes your company such a compelling investment?

We have compelling assets adjacent to or near several of Africa’s major discoveries; our areas were underexplored by Orano (they’d developed plans which they abandoned after Fukushima); we have a strong technical team, very tight share structure, strong cash balance, and supportive shareholders. We believe we will re-rate significantly upwards once we have increased awareness.

What are the top 3 key investor takeaways?

(1) We have 1822 sq km of uranium exploration licenses in the heart of the Tim Mersoï Basin, adjacent to Africa’s largest uranium deposit, Orano’s Imouraren. We also hold large areas where the Arlit Fault (which hosts Imouraren) and the Azouza Fault (which hosts Global Atomic’s Dasa) intersect. (2) We have significant historic exploration data, which will help guide our future exploration activity. (3) We have a strong technical team, tight share structure, strong cash balance, and supportive shareholders. We believe we have good chances at making one or more significant discoveries in Niger.