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
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
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.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.
洛杉磯，CA / ACCESSWIRE / 2024年10月31日 / Singular Research很高興宣佈開始對Myriad Uranium corp（OTCQB:MYRUF）進行研究報道，評級爲買入-創業公司，目標價爲$1.35。Myriad的銅山鈾項目已成爲當前鈾市場中具有高潛力的資產，受歷史數據和最近收購的推動，突顯其增長潛力。
Investment Highlights:
投資亮點：
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.
核能行業復甦：鈾價格在過去兩年從30美元攀升至80美元以上，得到全球對無碳能源的需求和受限的鈾供應的支持。這種定價環境增強了Myriad投資組合的戰略價值。
美國關注鈾供安：美國已將國內鈾生產列爲重中之重，使得懷俄明成爲未來投資的關鍵地區。Myriad的銅山項目位於這一關鍵地域板塊，處於良好位置進行開發。
具備資源增長潛力的廣泛歷史數據：Myriad掌握着關於銅山項目的重要歷史數據，包括2000多個鑽孔和估計爲15到3000萬磅鈾的資源。該項目爲持續擴張打下了堅實基礎，已知礦牀和前景的潛在估計數量超過6500萬磅鈾。
通過收購進行戰略項目改進：最近的增加，包括Bonanza礦和Midnight Prospect，爲Copper Mountain提供了相當大的品位和礦石量潛力，提升了整體價值。
相對於行業同行，具有吸引力的估值：Myriad Uranium的股價大幅低於其板塊。根據潛在儲備的保守估值，我們設定了$1.35的目標價，認爲MYRUF提供了引人注目的上升空間。
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.
鑑於有利的鈾市場和對安全的國內能源來源需求增加，Myriad Uranium憑藉其雄心勃勃的探索公司身份及顯著增長潛力脫穎而出。Singular Research的買入-創業公司評級反映了對Myriad中短期價值和長期價值的信任。
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SOURCE: Singular Research
來源：Singular Research
