1,400 Acres Added To The Copper Mountain Project

VANCOUVER - Rush Rare Metals Corp. has added three new and highly prospective areas totalling 1,398 acres to the Copper Mountain Project. Rush signed a property option agreement with Myriad pursuant to which Myriad has the option to earn up to a 75% interest in and to Rush's Copper Mountain Project, now covering approximately 4,200 acres near Riverton, Wyoming. To earn its 75% interest, Myriad must make expenditures on the Property and make share payments to Rush, and in addition Rush will retain a favourable split on early production.

Rush and Myriad have been conducting a comprehensive review of a cache of recently found historical documents indicating tens of millions of dollars in previous exploration work conducted at Copper Mountain, much of it by Union Pacific prior to 1980. The review is ongoing, but Myriad released an interim update referenced in a Rush news release dated November 1, 2023. The newly discovered documents include historical resource estimates, mining feasibility studies, geological reports, mining plans, drill logs, and a wealth of other highly useful data. This data has, in turn, provided enormous benefit to Myriad, allowing them to focus efforts on areas previously acknowledged to have the highest grades of uranium and to conduct advanced investigation into new areas that might otherwise have been considered as purely greenfield.