Myriad Uranium Announces Expiration of Letter of Intent Respecting Proposed Merger

Executive Summary

• The previously announced Letter of Intent (LOI) dated August 6, 2025 for a merger between Myriad Uranium Corp. and Rush Rare Metals Corp. has expired per its terms.
• No definitive agreement has been executed; however, both parties remain in contact and continue to pursue a mutually acceptable transaction.
• The announcement signals a delay in the anticipated consolidation but does not preclude future deal activity.

Key Details

• LOI Expiration: The LOI governing the proposed merger between Myriad Uranium Corp. (CSE: M) and Rush Rare Metals Corp. has formally expired as of October 30, 2025.
• Current Status: Both companies are still communicating to explore alternative terms that could lead to a definitive agreement.
• CEO Comment: Myriad’s President & CEO Thomas Lamb stated the parties remain optimistic about reaching a deal despite the LOI expiration.
• No Immediate Impact on Operations: The expiration does not affect Myriad’s ongoing uranium exploration activities at Copper Mountain (WY) or its recently acquired Red Basin project (NM).
• Forward‑Looking Statements: The release contains forward‑looking information regarding future negotiations and potential transaction outcomes.

Notable Quotes

“Because the parties have not executed a definitive agreement, the LOI has expired in accordance with its terms. However, the parties continue to work towards a mutually acceptable agreement and are optimistic that a deal will be reached in due course.” – Thomas Lamb, President & CEO, Myriad Uranium Corp.