Rush Rare Metals Announces Closing of Private Placement and Provides Project Updates

Rush Rare Metals Corp., operating in Quebec and Wyoming, announces the completion of a private placement, raising $262,115. This financial transaction comes in the midst of advancing its two main projects: a former uranium mine at Copper Mountain in Wyoming, and a niobium property at Boxi in Quebec.

The agreement with Myriad Uranium Corp. provides the latter with the option to acquire up to 75% of the Copper Mountain project, revealing significant potential following the discovery of historical data. These findings help optimize exploration efforts, generating increased interest in this former uranium extraction area.

Simultaneously, Rush is focusing its exploration efforts on the Boxi property, showcasing promising samples of niobium and uranium. The company plans to continue exploration to confirm these initial positive results. This initiative is supported by the growing interest in critical minerals such as niobium, used in various industrial applications.

Rush Rare Metals' activities unfold in a favorable environment, marked by increasing support for the development of critical mineral resources in North America. The company intends to carry on exploring the Boxi property, potentially benefiting from tax incentives related to critical minerals.