Vancouver, British Columbia--(Newsfile Corp. - July 13, 2026) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that Rush Rare Metals Corp. ("Rush") has filed its management information circular (the "Circular") and related materials for Rush's annual general and special meeting (the "Meeting") of shareholders ("Rush Shareholders") at which, among other things, the Rush Shareholders will be asked to consider and vote on a special resolution (the "Arrangement Resolution") approving a statutory plan of arrangement (the "Arrangement") under which Myriad will acquire 100% of the issued and outstanding common shares of Rush (the "Rush Shares"). The Meeting is scheduled to take place on August 17, 2026 at 10:00 a.m. (Pacific time) at Suite 605, 1125 Howe Street, Vancouver, B.C. For the Arrangement to become effective, the Arrangement Resolution must first be approved at the Meeting by the affirmative vote of at least two-thirds (66 2/3%) of the votes cast by Rush Shareholders.
On February 13, 2026, Myriad and Rush entered into an acquisition agreement and an arrangement agreement dated as of February 13, 2026 (together, the "Definitive Agreement") respecting the Arrangement. Under the Arrangement, Myriad will acquire all of the Rush Shares by issuing one Myriad common share (each, a "Myriad Share") for every 1.85 Rush Shares issued and outstanding, resulting in an exchange ratio of one (1) Rush Share to 0.5405 Myriad Shares (the "Exchange Ratio"). In addition, all of Rush's convertible securities will be replaced with Myriad convertible securities exercisable for Myriad Shares, with appropriate adjustments made to reflect the Exchange Ratio under the Arrangement.
Myriad's CEO Thomas Lamb commented: "The acquisition of Rush is a major catalyst for Myriad. It consolidates our ownership of the Copper Mountain Uranium Project to 100%, unifying ownership and operations in a natural next step following our highly successful development of the project to date. This should meaningfully increase our market cap, opening the door to increased institutional investment and supporting our planned uplisting to a major U.S. exchange. Copper Mountain is one of the strongest uranium projects in the U.S. heartland, and it deserves maximum visibility and investor access in the U.S."
Rush has incorporated a subsidiary, 1577075 B.C. Ltd. ("Rush Spinco"), to which Rush has transferred all of its right, title and interest in and to its Boxi Property in Quebec and has funded $100,000 to support the formation or capitalization of Rush Spinco. As part of the Arrangement, Rush Shareholders will receive one (1) Rush Spinco share for each four (4) Rush Shares issued and outstanding, in addition to the Myriad Shares they will receive under the Arrangement. Myriad's focus is wholly on achieving 100% ownership of Copper Mountain Uranium Project in Wyoming and continuing to unlock its value as quickly and efficiently as possible.