Rush Rare Metals Adds 1,400 Acres to Its Copper Mountain Project [Yahoo! Finance]
Union Pacific Corporation (UNP)
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Source: Yahoo! Finance
three new and highly prospective areas totalling 1,398 acres to the Copper Mountain Project (hereinafter "Copper Mountain" or the "Property"), which areas now join the original area subject to an earn-in agreement with Myriad Uranium Corp. (hereinafter "Myriad"). More details surrounding these new areas are provided below. On October 18, 2023, Rush signed a property option agreement with Myriad pursuant to which Myriad has the option (the "Option") to earn up to a 75% interest in and to Rush's Copper Mountain Project, now covering approximately 4,200 acres near Riverton, Wyoming. To earn its 75% interest, Myriad must make expenditures on the Property and make share payments to Rush, and in addition Rush will retain a favourable split on early production (see previous Rush news release dated October 20, 2023 for full details). Rush and Myriad have been conducting a comprehensive review of a cache of recently found historical documents indicating tens of millions of dollars in previ
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- UNP's page on the SEC website