Fremont County – Myriad Uranium Project
Myriad Uranium Corp. is a uranium exploration company which holds a 75% interest in the Copper Mountain Uranium Project in Wyoming, USA. Copper Mountain hosts several known uranium deposits and historic uranium mines, including the Arrowhead Mine which produced 500,000 lbs U3O8. Copper Mountain saw extensive drilling and development by Union Pacific during the late 1970s including the development of a mine plan to fuel a planned fleet of California Edison reactors. Operations ceased in 1980 before mining could commence due to falling uranium prices. Approximately 2,000 boreholes have been drilled at Copper Mountain, and the Project has significant exploration upside. Union Pacific is estimated to have spent C$117 million (2024 dollars) exploring and developing Copper Mountain, generating significant historical resource estimates. The Company also holds a 100% interest in the Red Basin Uranium Project in New Mexico, which has a near-surface mineralisation, with significant upside potential. Our Crux Investor overview page including recent interviews can be viewed here. The Company’s presentation can be viewed here. News releases regarding historical drilling can be viewed here and here. News releases regarding chemical assays of 2024 Copper Mountain drilling can be viewed here and here. A news release detailing a comprehensive assessment of Copper Mountain’s uranium endowment by Bendix Engineering for the US Department of Energy published in 1982 can be viewed here.
For further information, please refer to Myriad’s disclosure record on SEDAR+ (www.sedarplus.ca), contact Myriad by telephone at +1.604.418.2877, or refer to Myriad’s website at www.myriaduranium.com.
January 8, 2026
Myriad Uranium Enters Binding Letter of Intent to Merge With Rush Rare Metals Corp.
Vancouver, B.C. – January 8, 2026 – Myriad Uranium Corp. (“Myriad” or the “Company”) (CSE: M, OTCQB: MYRUF, FRA: C3Q) is pleased to announce that it has entered into a binding and updated letter of intent (the “LOI”) dated January 7, 2026 with Rush Rare Metals Corp. (“Rush”), in relation to a proposed merger transaction (the “Merger”) under which Myriad would acquire 100% of the issued and outstanding common shares of Rush (the “Rush Shares”) pursuant to a statutory plan of arrangement (the “Arrangement”). This binding and updated LOI follows the previously announced non-binding LOI announced on August 6, 2025 which expired in October 2025, and reflects the ongoing belief of both parties that a merger of the companies is in their mutual best interests.
Under the terms of the LOI, Myriad will acquire all of the Rush Shares by issuing one Myriad common share (each, a “Myriad Share”) for every 1.85 Rush Shares issued and outstanding, resulting in an exchange ratio of one (1) Rush Share to 0.5405 Myriad Shares (the “Exchange Ratio”). In addition, all of Rush’s convertible securities would cease to be exercisable for Rush Shares and would instead be exercisable for Myriad Shares, with appropriate adjustments made to reflect the Exchange Ratio under the Arrangement.
Based on the Closing Prices on the Canadian Securities Exchange (“CSE”) of C$0.425 per Myriad Share and C$0.195 per Rush Share on January 6, 2025, the last business day prior to the date of execution of the LOI, the Exchange Ratio represents a premium to Rush shareholders of 18%. Based on a 20-day Volume Weighted Average Price (“VWAP”) for the 20 business days prior to the execution of the LOI, the Exchange Ratio represents a premium to Rush shareholders of 22%.
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Note: Former Wyoming legislator David Miller is listed as Board Member & Technical Advisor on Rush Rare Metals Team page.
Oct 24, 2025
Wyoming uranium company opts out of Trump’s fast track permit, Wyoming News Now
“The Trump administration is pushing for domestic uranium mining to ramp up. Companies are eyeing Wyoming, as it holds the largest known reserves in the country.
For the past couple years, Myriad Uranium has drilled holes into a long desert hillside called Copper Mountain, just outside of Shoshoni. The mineral exploration company is collecting data on where the uranium is and how recoverable it is.
CEO Thomas Lamb said they just secured their next necessary federal permit to continue that research. But they chose not to take Pres. Trump’s permitting “fast track.”
“It was an option,” Lamb said. “There’s a button on the website, the fast track, and we did not choose it.”
Trump’s executive orders, which are under the umbrella of Unleashing American Energy,’ shorten some environmental reviews and public comment from a couple years to 28 days.
Lamb said his company chose the longer, original process.
“You have to be careful with the application for and the granting of permits really fast, because there could be a price to pay if things aren’t done properly,” he said.
Wyoming’s uranium boom in the ’50s left water on the Wind River Reservation contaminated with radioactive waste. Repercussions are still felt today.”
Oct 20, 2023
Rush Rare Metals Executes Definitive Option Agreement Respecting Copper Mountain Project in Wyoming, USA, Rush Rare Metals
Vancouver, B.C. – October 20, 2023 –Rush Rare Metals Corp. (“Rush” or the “Company”)(CSE: RSH) is pleased to announce that it has signed a property option agreement dated as of October 18, 2023 (the “Option Agreement”) with Myriad Uranium Corp. (“Myriad”) pursuant to which Myriad has the option (the “Option”) to earn up to a 75% interest in and to Rush’s Copper Mountain Project (the “Property”), comprised of 110 mineral claims in the State of Wyoming covering approximately 1,911 acres. The Option Agreement replaces the binding letter of intent between the parties, as previously announced (see Myriad’s news release dated September 18, 2023).
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