Rush Rare Metals Announces Updates on Financing and Property Developments

Rush Rare Metals Corp. (CSE:RSH) reported that their earn-in partner on the Copper Mountain uranium property, Myriad Uranium Corp. (CSE:M), has closed another tranche of its private placement financing, raising $1,170,000. This follows an earlier tranche of $2,912,500 closed in June 2024. The funds will predominantly be used for an upcoming drill program.

CEO Peter Smith remarked on the value added for both companies and highlighted new prospective areas and historical work in the project. Rush also amended its mineral property option agreement with Myriad to provide greater functional certainty.

Rush plans a site visit to its Boxi Property in Quebec, targeting Niobium and other Rare Earth Elements, with a new geologist. Peter Smith expressed optimism about making further progress this fall, potentially enhancing the company's future value.