Wedgemount Resources Corp. has terminated its option agreement with Myriad Uranium Corp. to acquire uranium leases in Arizona. The company decided to focus entirely on its Texas oil and gas assets, citing their growth potential and attractiveness to international investors. This strategic shift highlights Wedgemount's commitment to conventional onshore oil projects in Texas, moving away from uranium exploration. The company believes Texas assets will offer better value and growth opportunities in the coming years.
Wedgemount's recent termination of its uranium option agreement provides context for energy sector activity on Pluang. For readers following energy stocks, here is Pluang's market snapshot as of Oct 07, 2026 17:42 WIB: Among 38 priced US energy stocks, 20 rose and 12 fell today. Notable movers include Tidewater Inc (TDW) at USD 83.26 with a 1-day change of +1.45% and a typical hold time of 25 days, Sunrun Inc (RUN) at USD 7.70 down 0.90% with a 15-day hold time, and Centrus Energy Corp (LEU) priced at USD 152.50 down 0.90%, with Pluang order activity showing 11% sell and 89% buy, and a typical hold time of 29 days.
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