Ucore Announces: The formation of a strategic partnership with Metallium Limited which will add to potential feedstock sources for the Company's US DoW backed rare earth refinery in Alexandria, Louisiana. Metallium's Flash Joule Heating process provides an alternative to traditional sulfate leaching approaches to generating mixed rare earth products which will be suitable for refining using Ucore's RapidSXTM technology. A [...]
Ucore Rare Metals is pleased to announce that the last $1.1 million of the convertible debentures that were issued by the Company in May of 2020 have been automatically converted into equity as a result of the triggering of a conversion clause in the Debenture agreement related to the Company's share price over the past twenty trading days. As a result of the Automatic Conversion, the Company today issued 1,222,219 units [...]
Ucore Rare Metals is pleased to announce the execution of a Non-binding Letter of Intent with Critical Metals Corp. for a long-term offtake agreement to secure heavy rare earth element feedstock from CMC's Tanbreez Project in southern Greenland. Under the terms of the proposed arrangement, Critical Metals Corp. intends to supply Ucore with a rare earth product from Tanbreez over an initial 10-year term. This material will [...]
Ucore announces: Initiation of the USD$18.4 million DOD Phase 2 award for the scale-up of its Louisiana commercial rare earth refining complex. Successful separation of terbium and dysprosium - critical heavy rare earth elements - further to its US DoD Phase 1 project, resulting in a payment in the amount of USD $1.1 million. An appreciation for recent DoD actions to diversify and secure domestic production, especially [...]
Ucore Rare Metals is pleased to announce the closing of its previously announced "best efforts" private placement for aggregate gross proceeds of C$15.5 million, which includes the full exercise of the agents' option. In aggregate pursuant to the Offering, the Company sold 12,916,667 units of the Company at a price of $1.20 per Unit. Each Unit consists of one common share in the capital of the Company and one-half of one [...]
Ucore Rare Metals is pleased to announce that, further to its news release dated June 9, 2025, the order book for the Company's previously announced upsized private placement , is closed with orders totaling C$15.5 million. The Offering is over-subscribed and includes the full exercise of the agents' option. Although orders in excess of C$15.5 million were received in connection with the Offering, in keeping with the [...]
Ucore Rare Metals Inc. is pleased to announce that, as a result of strong investor demand, the Company has increased the size of its previously announced "best efforts" private placement from aggregate gross proceeds of up to C$10.0 million to aggregate gross proceeds of up to C$14.0 million. The upsized Marketed Offering is comprised of the sale of up to 11,666,667 units of the Company at a price of C$1.20 per Unit [...]
Ucore Rare Metals Inc. is pleased to announce that the order book for its previously announced brokered private placement of units of the Company , is over-subscribed and closed. Red Cloud Securities Inc., as lead agent and sole bookrunner, together with Raymond James Ltd., are acting as agents in connection with the Offering. Pursuant to the Offering, the Company is issuing Units at the previously announced price of [...]
Ucore Rare Metals Inc. has entered into an engagement letter with Red Cloud Securities Inc. , on behalf of a syndicate of agents , in connection with a "best efforts" agency basis private placement of units of the Company at a price of $1.20 per Unit for maximum gross proceeds of $10 million . Each Unit will consist of one common share in the capital of the Company and one-half of one Common Share purchase warrant . Each [...]
Ucore Rare Metals Inc. is pleased to announce that the Company has executed the definitive contract for its largest financing agreement to date, the US$18.4 million follow-on first-stage production award from the U.S. Department of Defense that was previously announced on May 14, 2025. This award brings total funding under the Company's existing Other Transaction Agreement with U.S. Army Contracting Command-Orlando to [...]
Ucore Rare Metals Inc. is pleased to announce that it will hold a formal ground-breaking ceremony on Thursday, May 29th for its Louisiana Strategic Metals Complex , the Company's first commercial rare earth element refining facility, located at the England Airpark in Alexandria, Louisiana. The Louisiana SMC will produce high-purity rare earth oxides from mixed rare earth chemical concentrates obtained from multiple global [...]
A US$18.4 million funding agreement with the US Department of Defense to launch its RapidSX™ Rare Earth Element Separation Technology toward full-scale operation, including: Expansion of the current $4M US DOD demonstration project Commercial-scale RapidSX™ production module construction and operations System engineering technology transfer from Ucore's Canadian demonstration facility to its developing United [...]
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