Rush Rare confirms letter of intent with Myriad expired

Mr. Peter Smith reports RUSH RARE METALS CONFIRMS EXPIRATION OF LETTER OF INTENT RESPECTING PROPOSED MERGER WITH MYRIAD URANIUM Rush Rare Metals Corp. has confirmed the letter of intent dated Aug. 6, 2025, outlining a potential merger with Myriad Uranium Corp. has expired. Rush continues to engage in discussions with Myriad regarding a potential transaction, with the goal of finding mutually agreeable terms moving forward. Peter Smith, Rush's chief executive officer, commented: "As a founder of both Rush and Myriad, I am very happy to see that both companies will continue merger discussions, but I have also been removed from this process since Aug. 6 to avoid any potential conflicts. I understand that our independent committee has been working hard towards an agreement, but there are a number of moving parts to administer, including the procurement of a fairness opinion, and this has caused some delay. Meanwhile, Myriad continues to make outstanding progress with Copper Mountain in Wyoming, and I am thrilled with the work Thomas Lamb and his team have done. I expect further updates will be forthcoming as the respective teams try to work through prospective merger terms and timings." About Rush Rare Metals Corp. Rush Rare is a mineral exploration company focused on its Boxi property located in the province of Quebec, Canada. Rush also owns the Copper Mountain project located in Wyoming, United States, which it has optioned to Myriad Uranium. Rush currently has a 100-per-cent interest in Boxi and a 50-per-cent interest in Copper Mountain, which is the subject of an earn-in agreement with Myriad. We seek Safe Harbor.