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The latest update is out from Myriad Uranium Corp ( (TSE:M) ).
Myriad Uranium Corp. has entered into a binding letter of intent to merge with Rush Rare Metals Corp., under which Myriad will acquire all outstanding Rush shares via a share exchange that implies an 18–22% premium for Rush shareholders based on recent trading prices. The merger is designed to consolidate 100% ownership of the Copper Mountain Uranium Project in Myriad, replacing the current 75% optioned interest and simplifying project governance, with Rush shareholders also receiving shares in a spin-out company holding Rush’s Boxi Property. Management from both companies argue that unified ownership will enhance operational efficiency, accelerate project advancement, and better position Copper Mountain to benefit from growing momentum in the uranium sector and increasing emphasis on secure U.S. uranium supply.
More about Myriad Uranium Corp
Myriad Uranium Corp. is a uranium exploration and development company listed on the CSE, OTCQB and FSE, focused on advancing its Copper Mountain Uranium Project in Wyoming and the Red Basin Project in New Mexico. The company aims to consolidate ownership of key U.S. uranium assets and capitalize on rising demand for secure, domestic uranium supply.
Average Trading Volume: 559,512
Technical Sentiment Signal: Buy
Current Market Cap: C$34.99M
For a thorough assessment of M stock, go to TipRanks’ Stock Analysis page.