Rush Rare Metals Adds 1,400 Acres to Its Copper Mountain Project - Seite 2

Figure 1. Addition of the Midnight Claim Area

Foto: Accesswire

Figure 2. Addition of the Bonanza and Kermac/Day Claim Area

Foto: Accesswire

Figure 3. Addition of Diamond X Claim Area

These newest areas are added to the Knob claims, also recently staked by Rush, and as described in the Company's news release of February 27, 2024. The Copper Mountain claim area is now comprised of 4,206 acres and contains a variety of former uranium mines and historical occurrences, including Allard, Mint, Gem, Canning, Fuller, Hesitation and the Arrowhead Mine, and now including Midnight, Knob and the Bonanza and Kermac/Day mines.

A map showing the whole claim area as it stands today is shown below in Figure 4.

Foto: Accesswire

Figure 4. Full Copper Mountain Claim Area

Rush CEO Peter Smith commented, "the significance of these new areas cannot be over-stated. Midnight was highlighted as a significant uranium prospect on historical maps. The Canning area is now expanded so that all historically significant areas of it are fully within our control. Bonanza and Kermac/Day were previous uranium producing mines. We've secured these new zones based on reports and data generated by millions spent by Union Pacific and others exploring Copper Mountain, decades ago. Now that there is tremendous pressure to ramp up domestic production of uranium again, we have these invaluable ‘blueprints', in the form of historical data, to guide our ongoing expansion efforts. Myriad has done a tremendous job analyzing all this data and determining where all the best prospects are to add to our already massive potential at Copper Mountain."

Mr. Smith recently (in early April) visited Copper Mountain and produced a site-tour video, which can be viewed by clicking here, or by visiting our website's media page.

Rush's earn-in partner Myriad has produced an excellent project overview video for Copper Mountain, which can be viewed by clicking here.

About the Company

Rush currently has 100% ownership in two projects - the aforementioned Copper Mountain Property in Wyoming (subject to the earn-in agreement with Myriad described above), and a niobium prospect in Quebec called Boxi.

BOXI

Boxi is a road accessible property comprised of over 8,000 hectares a short distance from Mont Laurier. Boxi was formerly held by Areva S.A. (now Orano), which held the property based on early samples returning very high values for uranium. Note that this early work for Orano was also conducted by Resources Maxima, the company currently assisting Rush with exploration. Orano dropped the property following the Fukushima incident in 2013, and uranium mining was subsequently suspended in Quebec under a temporary moratorium still in place today. Rush originally acquired the property from Resources Maxima (who picked up the original core clams after they were dropped by Orano) on the strength of niobium values in samples taken in 2011.