Myriad Uranium acquires Los Altares project in Argentina
What happened
Myriad Uranium fully acquired the Los Altares uranium project in Argentina on November 2, 2026, closing a cash-and-share deal with Green Shift Commodities. The purchase granted Myriad a 55,000-hectare land package in Chubut Province’s Cerro Solo uranium district. Myriad paid Green Shift US$300,000 in cash and issued 1,571,268 shares, while also granting Green Shift a 2 percent net smelter return royalty on Los Altares.
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Why it matters
The acquisition expands Myriad Uranium’s portfolio, aligning with its strategy of acquiring projects with low upfront costs and strong leverage to the uranium price. The Los Altares project is located on strike with Cerro Solo, described as one of Argentina’s largest uranium deposits.
From investingnews.com
Who's involved
- Los AltaresThe uranium project acquired by Myriad Uranium.
- Thomas LambCEO of Myriad Uranium, who discussed the project acquisition strategy.
- companyThe corporate entity that completed the acquisition of Los Altares.
- ArgentinaThe country where the Los Altares uranium project is located.
- Chubut ProvinceThe province of Argentina where Los Altares is geographically located.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- companySpeculative
Myriad Uranium could see increased revenue and control over uranium assets through the acquisition.
- ArgentinaSpeculative
Argentina might see increased investment and resource development potential in the sector.
- Chubut ProvinceSpeculative
Chubut Province could experience increased demand for jobs and infrastructure related to resource extraction.
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The entities involved
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Los Altares
rural commune in Chubut, Argentina
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Arizona
state of the United States of America
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Thomas Lamb
researcher (ORCID 0000-0001-6102-2981)
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