Rush Rare Metals Corp. announced a non-brokered private placement to issue 3,571,428 units at an issue price of CAD 0.07 per Unit for the gross proceeds of CAD 249,999.96 on February 5, 2024. Each Unit will consist of one common share and one share purchase warrant entitling the holder to purchase one common share at a price of CAD 0.15 for twenty-four months.

The Company may pay finder's fees in connection with the Offering. Securities issued under the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws. Insiders of the Company are expected to participate in the Offering.