What is the latest status of the project “Red Basin Uranium Project Sale”?

The status recorded for “Red Basin Uranium Project Sale” is contract awarded.

What is the budget and commercial profile for the project “Red Basin Uranium Project Sale”?

Taiyo normalizes the budget of “Red Basin Uranium Project Sale” to USD 2500000.

Where can I verify the source and access all details for “Red Basin Uranium Project Sale”?

This Taiyo project page references Geomechanics.io along with the original URL (https://www.geomechanics.io/news/article/myriad-uranium-new-mexico-sale-value-upside-and-project-shift-for-mine-planners). Taiyo standardizes official data into a consistent, searchable project profile.

Red Basin Uranium Project Sale

Sector: Nuclear • Location: New Mexico, United States

Source: Geomechanics.io

Project

Contract Awarded

Myriad Uranium is selling its Red Basin uranium project in New Mexico to Subatomic Industries, a mining tech venture backed by 8VC and Overmatch Ventures, for $2.5 million cash while retaining a 10% free-carried interest. The deal delivers more than a 6x return on Myriad’s C$525,000 acquisition cost and shifts its focus to the Copper Mountain project in Wyoming, where it holds a 75% interest via a

Status: Under Construction
Sector: Nuclear, Metal
Location: New Mexico, United States of America
Updated: 22 Jul 2026
Source: Geomechanics.io

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Project Information

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The project “Red Basin Uranium Project Sale” is an infrastructure initiative in the Nuclear sector, located in New Mexico, United States. Taiyo aggregates data on it from Geomechanics.io.

Participants

Not available for this record.

Status

Original status	contract awarded
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Myriad Uranium is selling its Red Basin uranium project in New Mexico to Subatomic Industries, a mining tech venture backed by 8VC and Overmatch Ventures, for $2.5 million cash while retaining a 10% free-carried interest. The deal delivers more than a 6x return on Myriad’s C$525,000 acquisition cost and shifts its focus to the Copper Mountain project in Wyoming, where it holds a 75% interest via an option with Rush Rare Metals.
Original sector	Mining
Budget

Location

Country	United States of America (USA)
State	New Mexico

Source

Source	Geomechanics.io
URL

More Details

Record type	Project
Sector	Nuclear, Metal
Article published date	2026-03-22

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