Welcome to our dedicated page for Ucore Rare Metals news (Ticker: UURAF), a resource for investors and traders seeking the latest updates and insights on Ucore Rare Metals stock.
Ucore Rare Metals Inc. reports developments tied to rare-earth and critical-metal resources, extraction, beneficiation and separation technologies. Company news centers on the RapidSX™ rare earth separation platform, the Louisiana Strategic Metals Complex, the Commercialization and Demonstration Facility in Kingston, Ontario, and the Bokan Dotson-Ridge rare earth element project in Southeast Alaska.
Recurring updates include equipment procurement and process work for rare earth oxide separation, government-funded demonstration reporting, mineral resource and technical report disclosures, supply-chain collaboration discussions, planned product categories such as NdPr, Dy, Sm and Gd oxides, and equity-compensation actions. Ucore trades in Canada on the TSX Venture Exchange under UCU and in the United States on the OTCQX market under UURAF.
Ucore Rare Metals (UURAF) announced that director Randy Johnson, through Orca Holdings, exercised warrants for 10,268,165 common shares on September 9, 2026, providing cash proceeds of $8,485,123.75.
The warrants had expiry dates between October 1, 2026 and January 31, 2027, and the company states the exercises reflect continued support for its strategic objectives and strengthen its financial position. Ucore also fully repaid on September 4, 2026 all principal and accrued interest totaling $8,709,268 (US$6,274,463) owed to Orca under a 10.0% secured line of credit maturing October 1, 2026 and a 9.0% secured term loan maturing January 31, 2027, eliminating all company debt.
The warrant share issuance and loan repayment constituted a related party transaction under MI 61-101; Ucore relied on valuation and minority approval exemptions, and the board approved the transactions excluding Mr. Johnson.
Ucore Rare Metals (OTCQX: UURAF) reported producing 99.5% neodymium-praseodymium (NdPr) from two different feedstock sources at its Commercialization and Demonstration Facility in Kingston, Ontario, for ongoing and planned customer qualifications. The first batch used about two tonnes of Vietnamese mixed rare earth oxide from ionic clay.
The second 99.5% NdPr batch, produced in early August 2026, used about five tonnes of mixed rare earth carbonate from North American bastnaesite. Ucore highlighted over 7,400 hours of simulated commercial runtime and 16,000 comparative test results showing RapidSX typically matches or exceeds conventional solvent extraction recovery and purity, with faster throughput and smaller footprint, supporting its planned Louisiana Strategic Metals Complex.
Ucore Rare Metals (OTCQX:UURAF, TSX-V:UCU) has entered into a bought deal agreement under which a syndicate of underwriters led by Red Cloud Securities and B. Riley Securities will purchase 21,430,000 common shares at C$2.80 per share for gross proceeds of C$60,004,000.
The underwriters also have a 30-day over-allotment option of 15% at the same issue price. According to Ucore, net proceeds will fund development of its Louisiana strategic metals complex, as well as working capital and general corporate purposes. The offering, which includes a cornerstone order from a leading global institutional investor, is expected to close on or about August 13, 2026, subject to customary conditions, including TSX Venture Exchange approval and finalization of the underwriting agreement. The shares will be qualified by a prospectus supplement to Ucore’s June 30, 2026 base shelf prospectus and offered across most Canadian provinces and certain international jurisdictions on a private placement basis.
Ucore Rare Metals (OTCQX: UURAF) completed its 12‑month RSX-1 RapidSX™ equipment scale-up and optimization program for the planned Strategic Metals Complex in Alexandria, Louisiana. The work verified commercial-scale contactor performance up to 24" diameter and confirmed operation equal to or better than conventional solvent extraction under conservative chemistry assumptions.
The program, partially funded by a US Department of Defense US$18.4 million OTA modification (US$20.4 million total), enabled selection of specific configurations for the first commercial RapidSX machine, Enhanced Machine A, designed to process 600 tpa of TREO. According to Ucore, the Louisiana SMC is designed for modular build-out to process about 9,600 tpa of contained TREO from Western-friendly MREC/MREO feedstocks into NdPr, Pr, Nd, Sm, Gd, SEG, Tb, Dy and other REO products.
Ucore (OTCQX: UURAF) produced 99.9% dysprosium (Dy) oxide at its Kingston, Ontario Commercialization and Demonstration Facility for planned customer qualifications in Japan, South Korea, and the US.
This commercial-grade heavy rare earth sample supports customer testing and potential structured supply and offtake agreements tied to the planned Louisiana Strategic Metals Complex and Ucore’s RapidSX™ separation platform.
Ucore (OTCQX:UURAF) produced 99.5%+ neodymium-praseodymium (NdPr) oxide at its 52-stage RapidSX™ Demonstration Plant in Kingston, Ontario, and shipped initial qualification samples to major rare earth magnet manufacturers. The testing supports potential long-term supply agreements tied to Ucore's planned Louisiana Strategic Metals Complex and Kingston CDF.
Ucore Rare Metals (OTCQX: UURAF) announced that its collaboration with Sumitomo Corporation was recognized by Canada at the 2026 G7 Leaders' Summit as a new critical minerals partnership supporting rare earth supply for magnet makers in Japan and North America.
The Ucore–Sumitomo framework, announced June 15, 2026, targets feedstock sourcing for Ucore's Louisiana Strategic Metals Complex and offtake for separated rare earth products. The G7 aims to cut reliance on a single external rare earth supplier to under 60% by 2030.
Ucore Rare Metals (OTCQX:UURAF) and Sumitomo Corporation of Americas signed a strategic cooperation framework on June 10, 2026 to develop a diversified rare earth supply chain for North America and allied markets.
The collaboration targets feedstock sourcing for Ucore's Louisiana SMC, downstream offtake in Japan, and joint work within Ucore's Global Partnership Initiative with the Government of Canada.
Ucore (OTCQX: UURAF) advanced its role in Canada's critical minerals strategy by hosting senior Natural Resources Canada and federal officials at its RapidSX™ Commercialization and Demonstration Facility in Kingston on May 14, 2026.
According to Ucore, CMRDD funding is helping raise RapidSX™ Technology Readiness Levels through NdPr and Sm production from Canada-friendly feedstock, supporting on-shore rare earth separation and alignment with the new $2 billion Critical Minerals Sovereign Fund.
Ucore (OTCQX:UURAF) released an optimized plan for its Louisiana Strategic Metals Complex, based on a new engineering report. The design combines an ≈600 tpa TREO Enhanced Machine A with three ≈3,000 tpa RapidSX™ production lines, targeting ≈9,600 tpa TREO capacity.
The report outlines Machine A’s 118-stage configuration for direct NdPr and other oxide production, an engineered CAPEX of US$135M for Machine A and Production Line 1, partial US Department of War funding of US$18.4M, an H1-2027 Machine A commissioning target, and ongoing work on a Canadian SMC with up to C$36.3M in conditional support.