Carolina Rush Business Summary

Carolina Rush Corp (PUCCF) is a junior mineral exploration company focused on the acquisition and development of gold and copper assets within the Carolina Terrane of the Southeastern United States. The company’s primary business segment is mineral property exploration, with a flagship focus on the past-producing Brewer Gold-Copper Project in South Carolina and the Sawyer Gold Trend in North Carolina. Revenue is generated through a strategic Earn-In Option Agreement with OceanaGold Corporation, which allows the partner to earn up to an 80% interest in the Brewer Project by funding US$20 million in exploration expenditures through 2030. As the initial project operator, Carolina Rush receives a 10% unallocated cost allowance on exploration spend, providing a capital-efficient model to test deep porphyry-style targets. Within the regional market, the company competes with other junior explorers such as Lexington Gold, Aurania Resources, and Solitario Resources, positioning itself as a high-leverage play that de-risks large-scale targets through its proximity and partnership with OceanaGold’s producing Haile Gold Mine. Leadership is anchored by President and CEO Layton Croft, an executive with over 30 years of global experience in mining and energy, including senior roles at Ivanhoe Mines, Rio Tinto, and Peabody Energy. The technical team is led by Exploration Manager Patrick Quigley, a specialist in high-sulphidation epithermal systems, and CFO Mark McMurdie, who brings three decades of public market financial expertise. The Board of Directors was recently strengthened by the 2026 re-appointment of Dr. Laurie Curtis, an economic geologist with 50 years of experience who founded the company behind the world-class Tujuh Bukit discovery. Other notable board members include David Petroff, former CEO of Jaguar Mining and Breakwater Resources, and Gordon Babcock. The company’s strategic profile is significantly bolstered by its partnership with OceanaGold, which serves as both a major project funder and a key technical collaborator in the region.