RUSH RARE METALS ANNOUNCES PROPOSED TRANSACTION RESPECTING COPPER MOUNTAIN PROJECT IN WYOMING, USA
Vancouver, B.C. – September 18, 2023 –Rush Rare Metals Corp. (“Rush” or the “Company”) is pleased to announce that it has signed...
ABOUT US
Incorporated in October 2021 to focus on emerging opportunities in REE’s and uranium – currently engaged in mineral exploration with a focus on REE’s in Quebec, Canada (the Boxi Property), and on uranium prospects in Wyoming, USA (the Copper Mountain Property).
Closely held, excellent structure, founders all with strong track records and extensive resource backgrounds
100% owned Boxi Property is located in the heart of one of Québec’s premier REE/lithium areas
Copper Mountain Property is located in Wyoming, USA – the country’s most prolific uranium mining jurisdiction
43-101 reports for both the Boxi Property and Copper Mountain Property are complete, recommended work commences at both locations spring 2023
RUSH INVESTMENT HIGHLIGHTS
REE & Uranium Tailwinds – Demand for Rare Earth Elements (“REEs”) and uranium is growing, on the back of expanding applications in several industries (electric vehicles, clean energy, etc.)
Mining Friendly Jurisdictions – Properties in Québec (Boxi Property) and Wyoming (Copper Mountain Property), both known as highly mining-friendly jurisdictions
Near Term Catalyst – 43-101 reports for both the Boxi Property and Copper Mountain Property are complete, recommended work commences at both locations spring 2023
Clean Cap Structure – Large percentage of outstanding shares are held by founders and management and are subject to a 3 year escrow period
Experienced Team – Founders, management, and board, formerly with Myriad Uranium, Great Bear Resources, Jervois Global, and other successful Canadian junior exploration companies
RUSH INVESTMENT HIGHLIGHTS
REE & Uranium Tailwinds
- Demand for Rare Earth Elements (“REEs”) and Uranium is growing, on the back of expanding applications in several industries (electronics, clean energy, etc.) and the desire to decrease reliance for production from China
Prolific Jurisdictions
- Initial focus on Québec (Boxi Property), a prolific mining jurisdiction, with ready access to know-how and infrastructure(1)
- Secondary assets located in Wyoming, USA (Copper Mountain Property), providing Rush with ultimate exploration optionality
Near Term Catalyst
- Post-IPO, Rush will be in the field exploring the Boxi Property for REE’s after the Spring melt, providing near-term project exploration updates (see Prospectus use of proceeds)
Clean Cap Structure
- 37.7% of shares post $1,150,000 IPO (assuming maximum raise including over-allotment option) will be locked up and released from escrow over 3-year period
Experienced Team
- Led by Peter Smith, management and board is experienced in mineral exploration and management of public companies in Canada
RUSH PROJECTS
BOXI PROPERTY
Québec, Canada
COPPER MOUNTAIN
Wyoming, USA
MANAGEMENT TEAM
RARE EARTH ELEMENTS TAILWINDS
REE’s used in a variety of industrial applications, including electronics, clean energy, aerospace and automotive
Permanent Magnet (“PM”) manufacturing, the single largest and most important use PM’s are an essential component in cell phones, televisions, computers, automobiles (including Electric Vehicles), wind turbines, and many other products
REE’s are also used in a variety of “green” technologies, including catalysts and batteries
Demand for REE’s currently outstripping supply, demand expected to increase dramatically (see uses above), and the world currently relies on China for almost 60% of the global supply
REE’s used in a variety of industrial applications, including electronics, clean energy, aerospace and automotive
Permanent Magnet (“PM”) manufacturing, the single largest and most important use PM’s are an essential component in cell phones, televisions, computers, automobiles (including Electric Vehicles), wind turbines, and many other products
REE’s are also used in a variety of “green” technologies, including catalysts and batteries
Demand for REE’s currently outstripping supply, demand expected to increase dramatically (see uses above), and the world currently relies on China for almost 60% of the global supply
URANIUM FOR A GREENER PLANET
Nuclear power plants produce no greenhouse gas emissions and decarbonization
will not be possible without an increase role for nuclear power.
STOCK INFORMATION
RSH.CN
RushRareMtl
Canadian Sec
$0.08$0.005
5.88%K9A.F
RUSH RARE MET. CORP.
Frankfurt
0,0245 €0,0225 €
47,87%LATEST NEWS
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