Africa-focused explorer Myriad Metals (CSE: MMC) has changed its name to Myriad Uranium Corp. (CSE: M). The move is in connection with its recent acquisition of 100% option interests in 1,833km2 of uranium exploration licenses in the Tim Mersoï Basin, Niger.
The Canadian Securities Exchange (CSE) will publish a bulletin announcing that the Company’s common shares will commence trading under the new name on or about 14 December 2022.
Shareholders are not required to exchange their existing share certificates for new certificates bearing the company’s new name and company shares held electronically in Direct Registration System will be booked automatically. Myriad’s new web domain is www.myriaduranium.com and new symbol on the CSE will be “M”.
Thomas Lamb, Myriad’s CEO, said, “This name change is the first in what will be a series of near-term steps to announce ourselves as a high-potential uranium explorer in the Tim Mersoï Basin. We have optioned 100% of 4 large licenses in ideal locations, including ‘Agebout’ which is on-structure immediately adjacent to Africa’s largest uranium deposit, Orano’s 380Mlb U3O8 Imouraren deposit, and ‘Afouda’, which lies 30km from Global Atomic’s [TSX: GLO] Dasa deposit.
“In a recent drilling update, Global Atomic announced intersecting grades in excess of 13% U3O8 over 0.7 m. The Azouza Fault, along which the Dasa deposit is located, and Imouraren’s Arlit Fault intersect within our Afouday license area, and we consider this to be a prime targeting location.
“All of our licence areas have seen significant historic work by Orano, its predecessor Areva, and other international companies. We are in possession of much of that data and we are acquiring more, which our technical committee is actively reviewing. Our goal is to make several Dasa and Imouraren-like discoveries in the Tim Mersoï Basin. We are now Myriad Uranium,” Mr Lamb added.
New CFO
Myriad also announces the departure of Charles Ackerman as CFO, and his replacement by Nelson Lamb. Nelson is a CPA, CA, experienced in corporate finance, financial reporting, and strategic planning. He holds a Bachelor of Commerce from the University of Victoria and obtained his CPA, CA designation while working at PricewaterhouseCoopers.
The company said Nelson has extensive public company experience, acting as an independent director or CFO for companies on the CSE and TSXV across a variety of sectors and has extensive M&A and financing experience.
“We’d like to thank Charles for his significant contributions to Myriad during his tenure, and we wish him success in his new endeavours. We are pleased to welcome Nelson, a high-calibre CFO already well-known to us from other projects. Nelson is a pleasure to work with and has the skills and experience to help propel us forward during this exciting time,” said Mr Lamb.
To find out more, visit: www.myriaduranium.com
