Rush Gold Corp. Upsizes Private Placement to $500,000

Rush Gold Corp. has increased its planned private placement to $500,000, the company announced on September 22, 2025. The financing, initially set at up to $350,000, was expanded due to robust investor demand.

The company aims to raise a maximum of $500,000 by selling 5 million units at $0.10 per unit. Each unit comprises one common share and one share purchase warrant. The warrant allows the holder to purchase an additional share for $0.20 within 24 months.

Rush Gold expects to complete the private placement around September 30, 2025. The proceeds will be allocated to general working capital and exploration activities at its mineral properties located in Nevada.

CEO Anthony Zelen cited current high gold and silver prices as supportive of growth and renewed investor confidence in the sector. He stated the increased financing marks a significant milestone toward unlocking the full potential of the company's assets.