Vancouver, British Columbia--(Newsfile Corp. - July 13, 2026) - RUSH RARE METALS CORP. (CSE: RSH) ("Rush" or the "Company") is pleased to announce that it has filed a 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 Uranium Corp. ("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. Mailing of the Circular and related Meeting materials has commenced and Rush Shareholders should receive them shortly. The Meeting materials can also be downloaded from Rush's issuer profile on SEDAR+ at www.sedarplus.ca. 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. The board of directors of Rush unanimously recommends that Rush Shareholders vote FOR the Arrangement Resolution.
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.
Peter Smith, Rush's CEO, said: "Preliminary congratulations to management and shareholders for both Rush and Myriad for a highly successful collaboration as well as the impending merger. We've taken what was originally a small block of claims focused on the historic Arrowhead Uranium Mine, and through the serendipitous discovery of some highly valuable historical data, some strategic and timely expansions of the claim area, and some very successful early drilling and geophysical work, have turned Copper Mountain into one of North America's largest and most exciting uranium exploration projects. A special recognition to the Rush board, including Brad Newell, who first recognized the opportunity and was a critical early voice encouraging us to acquire the original claims, as well as to David Miller, who was part of the original vending group, guided us in our early land package additions, and also provided invaluable help in finding much of the early historical data we've relied on. Moreover, Rush directors Fabiana Lara and Tony Ricci were critical in guiding Rush in our collaboration with Myriad, as well as through the current merger process. Finally, I'd like to thank the Myriad team and Thomas Lamb in particular, whose unwavering dedication and perseverance at Copper Mountain has ultimately resulted in unlocking tremendous value. We at Rush are all thrilled with the progress Myriad has made, and feel the project is in excellent hands going forward. Through this merger, we believe Rush shareholders will greatly benefit, ultimately as Myriad shareholders, from a unified ownership of Copper Mountain, as well as from the outstanding abilities and demonstrated track-record of the Myriad team."