Rush Rare Metals completes acquisition by Myriad Uranium under arrangement deal

Reuters2026/08/21 21:40

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Myriad Uranium completed its acquisition of Rush Rare Metals via a statutory plan of arrangement.
Rush shareholders received 24,983,671 Myriad common shares at an exchange ratio of 1 Rush share to 0.54 Myriad shares.
Outstanding Rush stock options were exchanged for 2,110,120 Myriad stock options, adjusted to reflect the exchange ratio.
The deal included a spinout of Rush’s Boxi Property into Spinco, distributing 11,555,816 Spinco shares to former Rush holders.
Rush funded Spinco with $100,000; Rush became a wholly owned Myriad subsidiary, with Rush shares delisted from the CSE.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rush Rare Metals Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608211739NEWSFILECNPR____20260821_310910_1) on August 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Rush Rare Metals completes acquisition by Myriad Uranium under arrangement deal

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