Published: February 28, 2024 |

[Click image to enlarge]

Rush Rare Metals has staked the Knob claims in Wyoming, comprised of 52 mineral claims aggregating 780 acres. The claims now form part of Rush’s Copper Mountain Project, which is the subject of an option/earn-in agreement between Rush and Myriad Uranium.

Myriad can earn a 50 percent interest in the project by spending $1.5 million exploring Copper Mountain, and 75 percent by spending a total of $5.5 million, with Myriad shares and other incentives triggered for Rush at certain progress thresholds.

“This clearly demonstrates a part of the ongoing value of the new data found surrounding previous work at Copper Mountain. Not only does the data give the project an enormous head-start in terms of exploration within our current clam area, but it also gives us some fantastic data regarding other uranium previously encountered in the immediate area. Knob itself has historical work showing huge uranium potential, and there are other areas indicated in the materials as being highly prospective, which we are acquiring,” said Peter Smith, CEO of Rush.

“As the data was mostly collected many years ago, a great deal of it is ‘paper only’, and thus, we are among the only people with access to it. It’s possible that in our partnership with Myriad, and through access to this data, we will have the ability to compile a uranium district at Copper Mountain, with multiple high-confidence uranium targets based on millions in historical spending,” added Smith.

Rush Rare Metals is a mineral exploration company focused on its Boxi Property located in the Province of Québec, Canada. Rush also owns the Copper Mountain Project located in Wyoming.

Be in-the-know when you’re on-the-go!

CLICK HERE to register your email address.

Copyright © 2024 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

For licensing permission, .(JavaScript must be enabled to view this email address)