Myriad Uranium Provides Update on Process to Close Acquisition of Rush Rare Metals: Rush's Information Circular Has Been Filed and Meeting Date Set
Myriad Uranium announced that target Rush Rare Metals has filed its information circular and scheduled a shareholder vote for August 17, 2026, to approve the plan of arrangement. Under the terms, Myriad will acquire 100% of the Copper Mountain Uranium Project using an exchange ratio of 0.5405 Myriad shares for each Rush share. Rush shareholders will also receive shares in a new spinco holding the Boxi Property in Quebec. CEO Thomas Lamb described the acquisition as a major catalyst expected to increase market cap and support an uplisting to a major U.S.
Key figures
- Meeting date
- August 17, 2026
- Rush spinco funding
- 100000
- Exchange ratio myriad per rush
- 0.5405
- Exchange ratio rush per myriad
- 1.85
AI analysis
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