Rush Rare Metals Corp.
RSH.CN
Canadian Securities Exchange0.22
CAD
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Rush Rare Metals Corp.
RSH.CN
(Canadian Securities Exchange)
Recent
price
0.22
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Rush Rare Metals Corp. (CSE: RSH) operates as a mineral exploration company focused on rare earth elements, niobium and uranium deposits. The company holds a 100% interest in the Boxi Property, comprising 10 mineral claims covering approximately 9,320 acres located 70 kilometers north of Mont-Laurier in Québec, Canada, a prolific mining jurisdiction with established infrastructure; it also owns the Copper Mountain Uranium Project, spanning 4,206 acres with historical uranium mines including Allard, Mint, Gem, Canning, Fuller, Hesitation, Arrowhead, Midnight, Knob, Bonanza and Kermac/Day near Riverton in Wyoming, USA. Incorporated in October 2021 and headquartered at 1090 West Georgia Street, Suite 600, Vancouver, British Columbia, Canada V6E 3V7, Rush targets customers in clean energy, electronics, aerospace, automotive and nuclear power sectors amid growing demand for rare earth elements and uranium to support electric vehicles, wind turbines, permanent magnets, catalysts, batteries and decarbonization efforts. Rush maintains NI 43-101 technical reports for both properties, with significant advancements including field exploration updates on Boxi for rare earth elements post-IPO and chemical assays from Myriad Uranium's 2024 maiden drill campaign at Copper Mountain indicating expanded mineralization. In recent strategic developments, Rush executed a definitive option agreement in October 2023 with Myriad Uranium Corp. (CSE: M), granting Myriad the option to earn up to 75% interest in Copper Mountain through staged cash payments, share issuances and $4 million in exploration expenditures, during which Myriad acquired 50% and progressed toward the additional 25%; on August 6, 2025, the companies signed a letter of intent for a proposed merger via statutory plan of arrangement, under which Myriad would acquire 100% of Rush shares at a 1:2 exchange ratio (one Myriad share for every two Rush shares), unifying Copper Mountain ownership under Myriad while spinning out Boxi into a new entity (Rush Spinco) distributing shares to Rush shareholders pro rata, subject to due diligence, shareholder approval, British Columbia Supreme Court sanction and Canadian Securities Exchange approval.
Rush Announces Filing of Technical Report for the Copper Mountain Uranium Project in Wyoming
Rush Rare Metals to Issue Shares
Rush Rare Metals Announces Renewed Letter of Intent for Proposed Merger