on Rush Rare Metals Corp. (isin : CA7820101029)
Myriad Uranium Accelerates Stake in Copper Mountain Project
Rush Rare Metals Corp. has announced a significant development in its Copper Mountain uranium property in Wyoming. Myriad Uranium Corp., Rush's earn-in partner, is set to hasten its acquisition of a 50% interest in this project. The acceleration involves Myriad issuing 1,093,702 common shares to Rush under an amended agreement.
Myriad has already invested over $1.5 million in qualifying expenditures, fulfilling part of the requirement for the 50% option at Copper Mountain. This step reflects Myriad's commitment to advancing its interests in the property.
This move marks a pivotal point for Rush and Myriad, potentially affecting future operations and strategic developments on the Copper Mountain Project.
R. E.
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