Myriad Uranium Corp. has obtained a final order from the Supreme Court of British Columbia approving its planned statutory plan of arrangement to acquire all issued and outstanding shares of Rush Rare Metals Corp., clearing the path to consolidate full ownership of the Copper Mountain Uranium Project in Wyoming, United States.

Under the transaction terms, Rush shareholders will receive Myriad common shares on the basis of one Myriad share for every 1.85 Rush shares held. This final exchange ratio represents an adjustment from the initial proposed merger terms announced in August 2025, which set the ratio at one Myriad share for every two Rush shares.

In addition to the share exchange, Rush shareholders will receive shares in Rush Spinco on the basis of one spin-off share for every four Rush shares held, executing the previously announced spin-out of the Boxi Property located in Québec, Canada.

The arrangement remains subject to the satisfaction or waiver of remaining customary closing conditions, including receipt of final approval from the Canadian Securities Exchange. Subject to these conditions, the parties anticipate completing the transaction on or about August 21, 2026.

Upon completion, Rush will become a wholly owned subsidiary of Myriad. The transaction marks the full consolidation of project ownership following Myriad earning an initial 75% interest in Copper Mountain in December 2025 under an option agreement originally executed in October 2023. Following the acquisition, Rush shares will be delisted from the Canadian Securities Exchange, and the company intends to cease being a reporting issuer under Canadian securities laws.

With full ownership consolidated, Myriad intends to conduct further work across its portfolio to determine whether historical estimates at Copper Mountain, Red Basin, and the Breccia Pipe Project can be verified and supported by current mineral resource estimates.

Read the full announcement: Myriad Uranium Corp. and Rush Rare Metals Corp. Announce Receipt of Final Court Approval for Plan of Arrangement