Red Basin Uranium Project Sale
Sector: Nuclear • Location: New Mexico, United States
Source: The Northern Miner
Myriad Uranium plans to sell its Red Basin uranium project in New Mexico to Subatomic Industries for $2.5 million cash while retaining a 10% free-carried interest. The project was acquired a year ago for C$525,000 and is located in a district with minor production in the 1950s and a potential mineral endowment of up to 45 million lb. The sale allows Myriad to focus on its flagship Copper Mountain
- Status
- Closed
- Sector
- Nuclear, Metal
- Location
- New Mexico, United States of America
- Updated
- 22 Jul 2026
- Source
- The Northern Miner
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Project Information
Participants
| Not available for this record. |
Status
Original status | sold |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Myriad Uranium plans to sell its Red Basin uranium project in New Mexico to Subatomic Industries for $2.5 million cash while retaining a 10% free-carried interest. The project was acquired a year ago for C$525,000 and is located in a district with minor production in the 1950s and a potential mineral endowment of up to 45 million lb. The sale allows Myriad to focus on its flagship Copper Mountain project in Wyoming. |
Original sector | Mining |
Budget |
Location
Country | United States of America (USA) |
State | New Mexico |
Source
Source | The Northern Miner |
URL |
More Details
Record type | Project |
Sector | Nuclear, Metal |
Article published date | 2026-03-23 |
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