Headline: | Singular Research Initiates Coverage of Myriad Uranium Corp. (OTC: MYRUF) with a $1.35 Price Target, Highlighting Copper Mountain Project’s Potential in a Rising Uranium Market |
Location: | US |
Post Date: | Oct 31, 2024 3:04 PM |
TAG ID: | awire175199 |
DocID: | 937683 |
Word Count: | approx. 314 words |
Full story: | |
LOS ANGELES, CA / ACCESSWIRE / October 31, 2024 / Singular Research is pleased to announce the initiation of coverage on Myriad Uranium Corp. (OTCQB:MYRUF) with a BUY-Venture rating and a price target of $1.35. Myriad's Copper Mountain uranium project has emerged as a high-potential asset in the current uranium market, driven by historical data and recent acquisitions that underscore its growth potential. Investment Highlights: Nuclear Industry Resurgence: Uranium prices have climbed from $30 to over $80 per pound in the past two years, supported by global demand for carbon-free energy and constrained uranium supply. This pricing environment strengthens the strategic value of Myriad's portfolio. U.S. Focus on Uranium Supply Security: The United States has prioritized domestic uranium production, making Wyoming a key area for future investments. Myriad's Copper Mountain project is well-positioned within this critical region for development. Extensive Historical Data with Resource Upside: Myriad holds significant historical data on the Copper Mountain project, including over 2,000 drill holes and resources estimated at 15 to 30 million pounds of uranium. The project presents a strong foundation for continued expansion, with the estimated potential of known deposits and prospects at over 65 million pounds of uranium. Strategic Project Enhancements through Acquisitions: Recent additions, including the Bonanza Mine and Midnight Prospect, contribute substantial grade and tonnage potential, elevating Copper Mountain's overall value. Attractive Valuation Relative to Industry Peers: Myriad Uranium is trading at a notable discount to its sector. With a price target of $1.35 based on a conservative valuation of potential reserves, we view MYRUF as offering compelling upside. Given the favorable uranium market and increasing demand for secure, domestic energy sources, Myriad Uranium stands out as a promising exploration company with significant growth potential. Singular Research's BUY-Venture rating reflects confidence in Myriad's near-term and long-term value for investors. For a full copy of the research report, please click here or visit: https://files.constantcontact.com/1683279a601/1159e58f-f02a-4590-b1ee-09b099a7275b.pdf?rdr=true Singular Research [email protected] SOURCE: Singular Research View the original press release on accesswire.com |
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