Ucore Rare Metals Secures Oversubscribed Funding for 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 efforts to strengthen North America's self-sufficiency in rare and critical metals. The placement, led by Red Cloud Securities Inc. with Raymond James Ltd. serving as co-agent, structured each unit to include one common share and one-half of a warrant exercisable at $1.75 for 36 months. This financing arrangement demonstrates strong market confidence in Ucore's strategic direction and its potential to reshape the critical metals supply chain.

The net proceeds from this placement are designated for several strategic initiatives that will accelerate the development of the company's Strategic Metals Complex in Louisiana. Key allocations include securing essential feedstock and offtake agreements, fulfilling commitments to both the U.S. Department of Defense and Natural Resources Canada, advancing commercial testing protocols, and making substantial progress in engineering development. With the agents' option still available, the total gross proceeds could potentially reach up to $11.5 million, subject to final approval from the TSX Venture Exchange.

Ucore Rare Metals Inc. stands at the forefront of addressing a critical vulnerability in North America's supply chain for rare and critical metals. The company's comprehensive strategy involves developing its initial Strategic Metals Complex in Louisiana, followed by planned facilities in Canada and Alaska, creating a diversified North American production network. This multi-faceted approach aims to disrupt the current dominance of the People's Republic of China in the global rare earth metals sector, which has been a longstanding concern for national security and economic stability.

The company's long-term vision extends beyond immediate facility development to include leveraging its 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project in Southeast Alaska. This strategic asset, combined with the company's focus on advanced metal separation technologies, positions Ucore as a potential leader in the North American critical metals landscape. The successful funding round not only validates Ucore's business model but also represents a broader industry recognition of the urgent need for domestic rare earth production capabilities.

This financial achievement represents more than just corporate success for Ucore Rare Metals Inc. it signifies a meaningful advancement toward North America's strategic independence in rare and critical metals. The oversubscribed nature of the private placement underscores the investment community's confidence in Ucore's vision and its potential to redefine global supply chains for these essential resources. As geopolitical tensions continue to highlight the risks of concentrated supply sources, initiatives like Ucore's Strategic Metals Complex become increasingly vital for economic security and technological advancement across multiple industries.