Interview with Thomas Lamb, CEO of Myriad Uranium Corp.

Our previous interview: https://www.cruxinvestor.com/posts/us-uranium-sector-gains-under-pro-nuclear-push-7164

Recording date: 15th July 2025

Myriad Uranium Corp (CSE:M) has unveiled significant value enhancement at its flagship Copper Mountain project in Wyoming, where modern chemical assay techniques are revealing substantially higher uranium grades than historical measurements indicated. The discovery represents a major breakthrough for the company's 100+ million pound uranium potential.

CEO Thomas Lamb announced that chemical assays have demonstrated an average 60% grade improvement over 1970s gamma probe measurements, with uranium intervals previously measuring 1,000 parts per million now averaging 1,600+ ppm. This enhancement stems from uranium disequilibrium effects that historical gamma probing methods failed to capture accurately.

The Copper Mountain project benefits from extensive historical validation, built upon 2,000 boreholes drilled by Union Pacific in partnership with California Edison during the 1970s. Originally planned as a large-scale conventional uranium mine, the project encompasses seven distinct deposits plus 12-14 additional prospects. The US Department of Energy estimated the broader area could contain up to 200 million pounds of uranium.

Beyond grade improvements, Copper Mountain offers exceptional metallurgical advantages. Historical testing demonstrated 90-95% uranium recovery rates using standard leaching techniques, with industry veterans describing the processing as remarkably simple.

Myriad's portfolio includes the Red Basin project in New Mexico, featuring high-grade near-surface mineralization ranging from 0.17% to 0.31% uranium. The project sits within a basin the US Geological Survey believes contains up to 45 million pounds of uranium.

The company's strategic positioning aligns with emerging uranium demand from technology companies. AI and data center expansion requirements are driving companies like Microsoft, Google, and OpenAI to secure upstream uranium supplies, creating unprecedented sector interest.
Myriad is currently processing 1,500 additional samples from recent drilling to further validate the disequilibrium advantages, with results expected to inform expanded resource estimates and development planning.

View Myriad Uranium's company profile: https://www.cruxinvestor.com/companies/myriad-uranium

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