Vancouver, British Columbia--(Newsfile Corp. - January 30, 2026) - RUSH RARE METALS CORP. (CSE: RSH) ("Rush" or the "Company") announces that it will issue an aggregate of 150,000 common shares of the Company ("Shares") to certain directors of the Company as compensation for services provided to the Company. Each Share will be issued at a deemed price of $0.18 per Share, representing aggregate consideration of $27,000, and will be subject to a four month hold period in accordance with the policies of the Canadian Securities Exchange.
The issuance of Shares to the directors is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). This issuance is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of such issuance does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. In considering and unanimously approving the issuance of the Shares, there were no materially contrary views, abstentions (except for any abstentions required by corporate law) or material disagreements by any director of the Company. The Company will not file a material change report at least 21 days before issuing the Shares, which is reasonable given the MI 61-101 exemptions noted above.
About Rush Rare Metals Corp.
Rush Rare Metals Corp. is a mineral exploration company focused on its Boxi Property located in the Province of Québec, Canada. Rush also owns the Copper Mountain Project located in Wyoming, USA, which it has optioned to Myriad Uranium Corp. Rush currently has a 100% interest in the Boxi Property, and a 25% interest in the Copper Mountain Project. For further information, please refer to Rush's disclosure record on SEDAR+ (www.sedarplus.ca) or contact Rush by email at psmith@rushraremetals.com or by telephone at (778) 999-7030, or refer to Rush's website at www.rushraremetals.com.
Rush Contact:
Peter Smith
Chief Executive Officer
psmith@rushraremetals.com
The CSE has not reviewed, approved or disapproved the contents of this news release.
Forward-Looking Statements
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The CSE has not reviewed, approved or disapproved the contents of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282255
Source: Rush Rare Metals Corp.
