On February 21, 2024, Rush Rare Metals Corp. closed the transaction. The company issued 3,744,499 units at an issue price of CAD 0.07 per unit for gross proceeds of $262,115.

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.

Securities issued under the Offering are subject to a four month hold period expiring June 21, 2024, in accordance with applicable Canadian securities laws. The Company did not pay any finder's fees in connection with the Offering. The transaction included participation from directors and officers of the Company.