Rush Rare Metals Advances Uranium and Niobium Projects with Strategic Partnerships

Rush Rare Metals is making significant progress on two strategic mineral projects focused on uranium and niobium, elements increasingly important for industrial and technological 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 supported by an option/earn-in agreement with Myriad Uranium, which can earn a 50% interest in the project by spending $1.5 million on exploration and increase its stake to 75% by investing a total of $5.5 million. As Myriad meets specific progress milestones, Rush Rare Metals will receive Myriad shares and other incentives, creating a mutually beneficial partnership structure that accelerates exploration while minimizing financial risk for both companies.

Meanwhile, in Quebec, the Boxi property has undergone a strategic shift from its original uranium focus to capitalize on exceptional niobium prospects. Niobium, though less widely known than other industrial metals, plays a critical role in enhancing steel strength and resistance, making it essential for major infrastructure projects and advanced applications including superconductors and magnets. Recent exploration activities have revealed a mineralized dike containing high-grade niobium samples, with preliminary results suggesting potential comparable to established niobium mining operations. The company's exploration team has identified promising geological formations that warrant further investigation, particularly given the growing global demand for niobium in steel production and emerging technologies.

For the upcoming exploration season, Rush Rare Metals plans extensive work at the Boxi property, including additional stripping, systematic channel sampling, and targeted drilling programs. These activities aim to comprehensively assess the niobium deposit's extent, grade distribution, and overall economic viability. The exploration strategy is designed to generate sufficient data to support future development decisions and potential resource estimation. The company's technical team emphasizes the importance of this phase in understanding the deposit's characteristics and positioning it for potential development, particularly given the substantial market opportunity represented by successful niobium discoveries elsewhere.

The dual-project approach demonstrates Rush Rare Metals' strategic positioning in the critical minerals sector, balancing near-term exploration progress through partnerships with longer-term development potential in high-demand materials. The Wyoming uranium project benefits from established partnership structures that share exploration costs and risks, while the Quebec niobium project represents a potential high-value discovery in a specialized market segment. Both projects align with growing global demand for strategic minerals essential for energy transition, infrastructure development, and advanced technological applications. The company's progress reflects careful portfolio management and technical expertise in identifying and advancing mineral opportunities with significant market potential.