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Myriad Uranium Corp ( (TSE:M) ) just unveiled an update.
Myriad Uranium Corp. has announced a bought deal private placement agreement with Red Cloud Securities Inc. to raise C$6 million through the sale of 15 million units at C$0.40 per unit. The proceeds will be used for the exploration and advancement of the Copper Mountain Uranium Project in Wyoming and the Red Basin Project in New Mexico, as well as for general corporate purposes. This financing move is expected to bolster Myriad’s operational capabilities and strengthen its position in the uranium exploration industry.
More about Myriad Uranium Corp
Myriad Uranium Corp. is a uranium exploration company with a significant interest in the Copper Mountain Uranium Project in Wyoming, USA. The project includes several known uranium deposits and historic mines, such as the Arrowhead Mine, which historically produced uranium. The company focuses on exploring and advancing its uranium projects in the United States.
Average Trading Volume: 276,524
Technical Sentiment Signal: Buy
Current Market Cap: C$37.05M
Learn more about M stock on TipRanks’ Stock Analysis page.