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 critical for energy production and advanced manufacturing 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 occurs under 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 committing a total of $5.5 million. As Myriad meets specific progress milestones, Rush Rare Metals will receive Myriad shares and additional incentives, creating a mutually beneficial partnership structure that accelerates exploration while sharing both risk and potential rewards.

Meanwhile, in Quebec, the company's Boxi property has undergone a significant strategic shift from its original uranium focus to exceptional niobium prospects. Niobium represents a particularly valuable opportunity given its critical role in enhancing steel strength and resistance properties, making it essential for major infrastructure projects worldwide. The element also serves as a crucial component in superconductors and advanced magnets used in various high-technology applications. Recent exploration at Boxi has revealed a mineralized dike containing high-grade niobium samples that demonstrate promising potential when compared to established niobium mining operations globally. The quality of these initial findings suggests the property could represent a significant new source of this strategically important metal.

For the upcoming exploration season, Rush Rare Metals plans extensive work at the Boxi property, incorporating additional stripping, comprehensive channel sampling, and systematic drilling programs. These activities aim to develop a thorough understanding of the niobium deposit's extent, grade distribution, and overall quality. The primary objective remains determining the deposit's economic viability and preparing the groundwork for potential future development phases. Company leadership expresses considerable anticipation for this exploration phase, noting the substantial market opportunity reflected in the success of similar niobium discoveries elsewhere. The parallel advancement of both the Wyoming uranium project and Quebec niobium property demonstrates Rush Rare Metals' strategic positioning within the critical minerals sector, focusing on elements essential to various industrial applications and technological advancements that support global economic development and energy transition initiatives.