Myriad Uranium Corp. reported on historical resource estimates contained in a trove of recently-purchased data relating to the Copper Mountain Uranium Project in Wyoming, USA. This should be considered an interim report because the data review is ongoing.

Myriad holds an option to earn up to 75% of the project from Rush Rare Metals Corp. (Rush). Currently, the project (the Copper Mountain Project) comprises 110 mineral claims aggregating 1,911 acres.

The Copper Mountain area contains several known uranium deposits and past-producing uranium mines, including the Arrowhead mine which produced 500,000 lbs U3O8 in the 1950s and 60s. During the period 1969 to 1980, Rocky Mountain Energy Corp. ("RMEC") spent approximately USD 74 million (2023 dollars) exploring and developing Copper Mountain, drilling up to 2,000 boreholes and developing a mine plan and constructing a leach pad for the Canning Deposit.

Low uranium prices following 1979's Three Mile Island incident intervened and RMEC ceased operations there. Highlights: Newly found and reviewed historical data report historical uranium resources between £15.7 million and 30.1 million pounds eU308 at Copper Mountain (with different reports focusing on different areas and applying different estimation criteria); Rocky Mountain Energy Corporation ("RMEC" - a subsidiary of Union Pacific) estimated the resource potential of 2 of the 5 deposits at Copper Mountain could be as high as £63.8 million eU3O8; The ground considered in these historical estimates is largely within the current claim boundaries of the "Copper Mountain Project", in which Myriad holds an earnable 75% interest. RMEC had constructed a leach pad and was poised to begin mining at Copper Mountain, within the Copper Mountain Project claim area, only to be interrupted by a rapid decline in uranium prices in 1980 following the Three Mile Island incident; Historical reports indicate that while known resources at Copper Mountain, once verified, could provide the basis for production, there also appears to be world class potential in "brownfield" exploration opportunities based on modern techniques and understanding; The historical reports also indicate that Copper Mountain contains a core of high-grade material which has not been calculated to date, and that further understanding of the geometry and continuity of the high-grade portions of the deposits could lead to a significant increase in average grade; Historical reports confirm amenability of Copper Mountain material to heap leach and are cautiously optimistic regarding potential for in situ recovery methods; The above information still needs to be verified, but it is confident that the historical work undertaken is relevant based on the amount and quality of the work done.