Rush Rare Metals Advances Uranium and Niobium Projects with Strategic Partnerships and Promising Discoveries

Rush Rare Metals, a mineral exploration company, is making significant progress on two strategic projects focused on uranium and niobium, both considered critical elements with diverse industrial applications. In Wyoming, the company has expanded its Copper Mountain Project by staking the Knob claims, comprising 52 mineral claims totaling 780 acres. This expansion is part of a strategic partnership with Myriad Uranium under an option/earn-in agreement that allows Myriad to earn a 50% interest in the project by spending $1.5 million on exploration activities. The agreement further enables Myriad to increase its interest to 75% by committing a total of $5.5 million in exploration expenditures. As Myriad meets specific progress milestones, Rush Rare Metals will receive Myriad shares and other financial incentives, creating a mutually beneficial development pathway for the uranium project.

Meanwhile, in Quebec, the company's Boxi property has undergone a significant strategic shift from its original uranium focus to capitalize on exceptional niobium prospects. Niobium, while less commonly known than other industrial metals, plays a crucial role in enhancing steel strength and resistance properties, making it essential for major infrastructure projects worldwide. The element also serves as a critical component in superconductors and advanced magnets used in various technological applications. Recent exploration activities at the Boxi property have revealed a mineralized dike containing high-grade niobium samples that demonstrate promising potential when compared to established niobium mining operations globally.

For the upcoming exploration season, Rush Rare Metals plans to significantly expand its activities at the Boxi property through comprehensive geological work including additional stripping, systematic channel sampling, and targeted drilling programs. These efforts aim to provide a thorough understanding of the niobium deposit's extent, grade distribution, and overall quality characteristics. The primary objective of this expanded exploration campaign is to determine the deposit's economic viability and establish the foundation for future development planning. Company leadership has expressed considerable anticipation for this next phase of exploration, noting that the substantial market opportunity mirrors the success patterns observed in similar niobium discoveries, suggesting potential for significant value creation through systematic resource development.

The simultaneous advancement of both projects demonstrates Rush Rare Metals' strategic commitment to exploring and developing resources essential to multiple industrial sectors and technological advancements. With the Wyoming uranium project progressing through strategic partnership and the Quebec niobium property showing promising geological characteristics, the company is positioning itself as an emerging player in the exploration and development of these critical elements that support both traditional industrial applications and emerging technologies. The dual-project approach allows the company to diversify its portfolio while focusing on minerals with strong market fundamentals and growing demand profiles across global industries.