Myriad Uranium Corp. Initiates Phase II Drilling at Copper Mountain Uranium Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Source: Yahoo Finance
- Phase II Drilling Commencement: Myriad Uranium Corp. has initiated Phase II drilling at the Copper Mountain Uranium Project in Wyoming, with the first four holes aimed at testing mineralization at the Lucky Cliff area, previously drilled by Union Pacific in the 1970s, and any confirmed mineralization will be outside the 1982 DOE assessment area.
- Historical Resource Estimates: The Phase II drilling will target areas associated with historical resource estimates totaling 26.63 million pounds of uranium at an average grade of 171 ppm, indicating the potential richness of the Copper Mountain project, although these resources are not currently classified as mineral resources or reserves.
- Testing New Targets: The drilling will also test new targets identified through recent geophysics, verified by ground truthing with a handheld gamma spectrometer, showcasing the project's potential for resource discovery and possibly supporting future resource estimates.
- Merger and Market Expansion: Myriad's merger with Rush is nearing completion, which will consolidate 100% ownership of the Copper Mountain project, expected to enhance market capitalization, attract institutional investor interest, simplify operational decision-making, and broaden access to financing.
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Analyst Views on M
Wall Street analysts forecast M stock price to fall
12 Analyst Rating
2 Buy
9 Hold
1 Sell
Hold
Current: 23.680
Low
8.00
Averages
21.33
High
27.00
Current: 23.680
Low
8.00
Averages
21.33
High
27.00
About M
Macy's, Inc. is an omnichannel retail company. The Company operates stores, websites and mobile applications under three brands, Macy's, Bloomingdale's and Bluemercury, which sell a range of merchandise, including apparel and accessories (men's, women's and kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Puerto Rico and Guam. Its operations are conducted through Macy's, Macy's Backstage, Macy's small format, Bloomingdale's, Bloomingdale's The Outlet, Bloomie's, and Bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia. The principal private label brands offered by the Company include Alfani, And Now This, Aqua, Bar III, Cerulean 6, Charter Club, Club Room, Epic Threads, first impressions, Giani Bernini, Holiday Lane, Home Design, Hotel Collection, Hudson Park, Ideology, I-N-C, jenni, JM Collection, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Sales Growth Momentum: Macy's stock has surged 85.7% over the past year, with Q1 same-store sales up 3.1%, and notable growth of 10.2% and 6.4% for Bloomingdale's and Bluemercury respectively, suggesting the effectiveness of its 'Bold New Chapter' strategy.
- Upgraded Outlook: Macy's has raised its annual same-store sales guidance from a range of -0.5% to 0.5% to 0.5% to 1.2%, reflecting management's confidence in future performance and potentially attracting more investor interest in the stock's value opportunity.
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- Historical Resource Estimates: The Phase II drilling will target areas associated with historical resource estimates totaling 26.63 million pounds of uranium at an average grade of 171 ppm, indicating the potential richness of the Copper Mountain project, although these resources are not currently classified as mineral resources or reserves.
- Testing New Targets: The drilling will also test new targets identified through recent geophysics, verified by ground truthing with a handheld gamma spectrometer, showcasing the project's potential for resource discovery and possibly supporting future resource estimates.
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See More
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- Store Adjustments: During the bankruptcy process, Saks closed numerous locations, particularly off-price outlets, resulting in a substantial reduction in the number of Saks Off 5th stores, reflecting the company's focus on profitability over sheer store count.
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