Myriad Uranium (CSE:M) - From Historical Data to Drill-Confirmed Resource: The Phase 2 Plan
About this episode
Thomas Lamb discusses Myriad Uranium's strategic shift towards active development and the upcoming Phase 2 drilling program.
Interview with Thomas Lamb, CEO, Myriad Uranium Our previous interview: https://www.cruxinvestor.com/posts/myriad-uranium-corp-csem-radiometric-breakthrough-expands-drill-plans-9453 Recording date: 6th May 2026 Myriad Uranium is advancing a strategic shift from historical resource estimation to active development at its flagship Copper Mountain project in Wyoming, following the release of a comprehensive NI 43-101 technical report. The report confirms a 27 million pound historical uranium resource and highlights a much larger 655 million pound uranium endowment identified by U.S. Department of Energy assessments, establishing a strong foundation for future growth. The company is launching a 4,500-meter Phase 2 drilling program aimed at validating historical data and expanding known deposits. This program will focus on seven previously identified deposits, peripheral targets with limited past drilling, and entirely new zones identified through recent geophysical surveys. A key factor underpinning potential upside is radioactive disequilibrium, which historically caused uranium grades to be underestimated. Modern assay techniques suggest grades could be 20–60% higher than…
People in this episode
Guest: Thomas Lamb
Mentioned in this episode
Organizations: Myriad Uranium, U.S. Department of Energy
Places: Copper Mountain, Wyoming, New Mexico
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