Myriad Uranium Secures C$8.6 Million in Private Placement Deal

Myriad Uranium Corp. has successfully completed a private placement, raising gross proceeds of C$8,603,000. This financing, which was announced earlier, involved the sale of 21,507,500 units at a price of C$0.40 each. The transaction closed on November 13, 2025, and includes a partial exercise of the underwriters’ over-allotment option.

The offering was led by Red Cloud Securities Inc. and Research Capital Corporation, who acted as underwriters. Each unit consists of one common share and one common share purchase warrant. Holders of these warrants can purchase additional common shares at a price of C$0.60, exercisable from January 13, 2026, until November 13, 2028.

Funding Allocation and Regulatory Compliance

Myriad Uranium intends to allocate the net proceeds from this offering towards the exploration and advancement of its two primary projects: the Copper Mountain Uranium Project in Wyoming and the Red Basin Project in New Mexico. These funds will also support general corporate purposes and working capital.

In compliance with National Instrument 45-106, the units were issued to eligible purchasers in Canada and certain offshore jurisdictions. The shares and warrants are freely tradable under applicable Canadian securities legislation. The underwriters received a total of C$475,680 in cash fees and were granted 1,189,200 non-transferable common share purchase warrants as further compensation.

The securities sold in this offering have not been registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States without registration or an applicable exemption. This release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States.

Insider Participation and Future Plans

Directors and officers of Myriad participated in the offering, purchasing a total of 181,250 units for gross proceeds of C$72,500. This participation qualifies as a related party transaction under Multilateral Instrument 61-101. However, it is exempt from formal valuation and minority shareholder approval requirements, as the amount does not exceed 25% of the company’s market capitalization.

Myriad Uranium has a substantial interest in the Copper Mountain project, holding a 75% interest in a site known for its uranium deposits and historical significance. The project area has seen extensive drilling, with around 2,000 boreholes completed. Union Pacific previously invested approximately C$117 million in the project during the late 1970s, although operations ceased in 1980 due to declining uranium prices.

The company also holds a 100% interest in the Red Basin Uranium Project, pending the completion of a geophysical survey by January 31, 2026. This project is noted for its extensive near-surface uranium mineralization, suggesting significant exploration potential.

For further details on Myriad Uranium and its offerings, the company encourages interested parties to visit its website at www.myriaduranium.com or refer to its disclosure record on SEDAR+ at www.sedarplus.ca.