Ucore Rare Metals Secures Oversubscribed Funding to Advance North American Critical Metals Independence

Ucore Rare Metals Inc. has successfully closed an oversubscribed brokered private placement with each unit priced at $1.20, marking a crucial financial milestone for the company's strategic initiatives. This funding injection is specifically designated to accelerate development of the company's Strategic Metals Complex in Louisiana, a project designed to enhance North America's self-sufficiency in rare and critical metals. The placement was led by Red Cloud Securities Inc. with Raymond James Ltd. serving as co-agent, demonstrating strong institutional support for Ucore's vision.

The financial structure of the placement includes each unit comprising one common share and one-half of a warrant, exercisable at $1.75 for 36 months. Net proceeds from this offering are allocated toward several strategic priorities including securing feedstock and offtake agreements, fulfilling commitments to the U.S. Department of Defense and Natural Resources Canada, advancing commercial testing protocols, and making substantial engineering progress. With the agents' option still available, total gross proceeds could potentially reach $11.5 million upon final approval from the TSX Venture Exchange.

This development represents more than just corporate financing success—it addresses a critical vulnerability in North America's supply chain for rare and critical metals. Ucore's comprehensive strategy involves developing its Louisiana facility as the initial hub, followed by planned facilities in Canada and Alaska. The company aims to disrupt the current market dominance maintained by the People's Republic of China in this essential sector. Ucore's long-term vision includes leveraging its fully controlled Bokan-Dotson Ridge Rare Heavy REE Project in Southeast Alaska, positioning the company at the forefront of advanced metal separation technologies.

The successful funding round underscores growing industry confidence in Ucore's capacity to redefine global supply chains for critical resources. As nations increasingly prioritize supply chain security and strategic independence, Ucore's progress represents a tangible step toward reducing foreign dependence in sectors crucial to national security and technological advancement. The company's multi-faceted approach—combining strategic partnerships, government collaboration, and proprietary technology—positions it as a key player in reshaping how North America sources and processes essential metals for modern technologies.