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Myriad Uranium sells Red Basin project for $2.5M, retains 10% interest, and forms strategic alliance with Subatomic.

Company Fundamentals
19 May 2026
Newsfile Corp
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Bullish
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Myriad Uranium Corp. completed the sale of its Red Basin Uranium Project in New Mexico to Subatomic Red Basin, LLC for $2.5 million in cash. Myriad retains a 10% free carried interest in the project and has formed a strategic alliance with Subatomic to collaborate on future uranium opportunities. This sale represents over a sixfold return on Myriad's initial investment made 15 months ago. The deal boosts Myriad's treasury ahead of Phase II drilling at its Copper Mountain Uranium Project and supports plans for a U.S. stock exchange listing to expand investor reach.

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