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Part of Green Shift received Myriad shares and royalty related to the Los Altares Project held by Argentine subsidiary Buenavida.

How could the acquisition of the Los Altares Project affect Chubut Province?

Possible What happens if… A possibility worth considering, not a forecast.

Chubut Province may see increased economic activity and regulatory focus from the Los Altares acquisition The acquisition of the Los Altares Uranium Project by Myriad Uranium Corp introduces a significant resource development opportunity to Chubut Province. The project encompasses 55,013 hectares across 23 properties in the central Chubut Province, located within the Cerro Solo uranium district. The development of this project could bring new investment and jobs, while the existing framework, which supports In-Situ Recovery (ISR) through a resolution from the Ministry of Hydrocarbons, will require ongoing regulatory oversight from the province. The project already holds granted mining concessions and approved Environmental Impact Assessments (EIAs), setting the stage for future operational planning.

Reported by 1 independent outlet Written Saturday
Effect
Mild positive
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When
Within weeks
The story
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How it reaches Chubut Province

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The facts so far

As reported. Each one links to where it comes from.

  • The Los Altares Project covers 23 mining properties totaling 55,013 hectares in central Chubut Province.simcoereformer.ca
  • The acquisition consideration was $300,000 in cash and 1,571,268 common shares of Myriad.simcoereformer.ca
  • Four of the East District properties hold fully granted mining concessions with approved Environmental Impact Assessments (EIAs).simcoereformer.ca
  • Chubut’s current mining framework supports the development of ISR, according to Resolution No. 08/2025 MHC.simcoereformer.ca

Why it matters

For Chubut Province, the acquisition represents a potential boost to its resource economy. The project is located in the Cerro Solo uranium district, near CNEA’s Cerro Solo deposit, and the province’s regulatory environment is set up to support In-Situ Recovery (ISR), which could lead to new operational activity and economic benefits.

This development aligns with Argentina's broader strategic goal of pursuing uranium self-sufficiency for its nuclear reactor fleet. The project also brings strategic relationships into Myriad's shareholder register via Green Shift and its largest shareholder, Mega Uranium, linking the provincial resource sector to leading uranium industry participants.

What we don't know yet

  • Will the historical drilling data be verified by a Qualified Person, and what does that reveal about mineralization?
  • What specific economic and job creation figures are projected for Chubut Province from the project's development?

What would change this answer

Myriad successfully completes technical work and confirms mineralization amenable to ISRThe effect on Chubut Province would become stronger and more immediate, leading to increased operational activity and revenue potential.
The provincial government imposes new regulatory hurdles or delays in title registrationThe economic benefits and timeline for the project in Chubut Province could be significantly slowed or reduced.

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  • About Environmental Impact Assessments

    Given that the Environmental Impact Assessments have been approved, what specific long-term monitoring requirements will be placed on the project during In-Situ Recovery operations?

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The full eventMyriad Uranium Corp. Acquires Los Altares Uranium Project in Argentina Everything aboutChubut Province

Brind's analysis is written by AI from the reporting linked above and can be wrong. This explainer is a possibility worth considering, not a forecast: steps marked as Brind's reasoning are not stated in the reporting. It is not investment advice; do your own research.