# Myriad Uranium Re-Assumes 100% Control of High-Grade Breccia Pipes Near Pinyon Plain Mine, Terminates Wedgemount Option Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/myriad-uranium-re-assumes-100-control-of-high-grade-breccia-pipes-near-pinyon-pl--0cac7a07-6604-4acb-a880-7dbd1df7c0c3 Original source: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3229-cse/m/212439-myriad-uranium-re-assumes-100-control-of-high-grade-breccia-pipes-near-pinyon-plain-mine-terminates-wedgemount-option.html Publisher: jmn Original announcement: 2026-10-07T04:00:02.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-07T10:18:18.689Z Atlas analysis updated: 2026-10-07T10:18:18.689Z - Company: Myriad Uranium Corp. - Ticker: M - Exchange: CSE - Region: Arizona - Primary commodity: Uranium - Secondary commodities: Rare earth elements, Copper - Document categories: Agreement transaction, Resource update - Extracted: 2026-10-07 10:18:19 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Myriad Uranium has terminated its option agreement with Wedgemount Resources, re-assuming 100% ownership of its 24-prospect Arizona Breccia Pipe Project. The portfolio includes the Wate Pipe, which features a historical inferred resource of 71,000 tons at 0.79% eU3O8. Reasoning: The company regained full control of a significant uranium portfolio in a high-grade district, though the primary asset's resource is historical and unverified. - Positive factor: re-assumes 100% ownership of 24 breccia pipe prospects - Positive factor: portfolio includes high-grade historical intercepts - Positive factor: Wate Pipe contains a historical inferred resource - Positive factor: proximity to high-grade Pinyon Plain Mine - Negative factor: historical resource estimate is not current under NI 43-101 - Negative factor: data verification required to confirm historical basis Facts used in scoring: 1 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The Wate Pipe resource is explicitly classified as Inferred by SRK in 2015. Evidence · text > SRK classified the estimate as "Inferred" according to the CIM Definitions and Standards \(2014\). **Historical Estimate Only** Polarity: negative Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling. Why it applies: The Wate Pipe resource is a 2015 estimate and is not current under NI 43-101. Evidence · text > The Wate estimate is historical and not current under National Instrument 43-101 **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project's value is positioned relative to the nearby high-grade Pinyon Plain Mine. Evidence · text > The breccia pipes share key geological characteristics with Energy Fuels' nearby Pinyon Plain Mine ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Resource Estimates (1) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/myriad-uranium-re-assumes-100-control-of-high-grade-breccia-pipes-near-pinyon-pl--0cac7a07-6604-4acb-a880-7dbd1df7c0c3#fact-resource-facts-0) Arizona Breccia Pipe Project · uranium Historical result Needs review: historical\_restatement #### Identity - Project: Arizona Breccia Pipe Project - Commodity: uranium - Region: usa\_az - Reported Region: Arizona - Ticker: M #### Resource scope - Estimate type: resource - Reporting standards: other - QP Signed: No - Qualified person names: SRK - Resource group id: resource:ec52ca1f468a62195f33 - Deposit or zone: Wate Pipe #### Resource Data - Category: inferred - Tonnes: 71000 - Grade: 0.79 - Grade Unit: % eU3O8 - Contained Metal: 1.12 - Contained Unit: million lb #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2015-03-10T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Historical resource estimate provided as exploration guidance; not a current NI 43-101 compliant resource. - Positive factor: high grade of 0.79% eU3O8 - Negative factor: historical estimate not current under NI 43-101 - Negative factor: requires verification drilling Evidence · text > Wate's 2015 \(SRK\) historical estimate of 71,000 short tons containing 1.12 million pounds eU3O8 at an average grade of 0.79% eU3O8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 11.6 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.