Ucore Rare Metals (UURAF) Stock News

Ucore Rare Metals (OTCQX: UURAF) has reported significant progress on its US$22.4 million funding agreement with the US Army Contracting Command-Orlando for rare earth element separation operations in Alexandria, Louisiana. The company has achieved several key milestones, including the receipt of a Defense Priorities & Allocations System (DPAS) DO-B8 rating, which prioritizes equipment orders for national defense requirements.

The project focuses on constructing a production-ready commercial RapidSX™ machine, with completed initial field work activities and exceeding 75% milestone in long lead time material sourcing. The facility aims to process hundreds of tonnes of heavy and light total rare earth oxide, with plans to expand to 2,000 tonnes per annum in Stage 1. The company has also engaged ImpactDeck for investor relations services at CAD$25,000 for a six-month term.

Metallium (OTCQX:MTMCF) has entered into a binding Technology Collaboration Agreement with Ucore Rare Metals to create an integrated rare earth elements (REE) processing solution in the United States. The collaboration combines Metallium's Flash Joule Heating (FJH) technology for feedstock upgrading with Ucore's RapidSX™ separation technology, which is being developed with an $18.4 million U.S. government grant.

The partnership aims to establish a complete feedstock-to-oxide refining pathway, addressing the critical need for REE supply chain independence from China, which currently controls 85% of global rare earth refining capacity. The integration will take place at facilities in Houston and Louisiana, with commercial terms to be determined following immediate testwork.

Metallium's Texas demonstration plant remains on schedule to begin processing e-waste in early 2026, while Ucore continues developing its Strategic Metals Complex in Louisiana.

Ucore Rare Metals (OTCQX:UURAF) has formed a strategic partnership with Metallium Limited to enhance rare earth processing capabilities. The 12-month collaboration integrates Metallium's Flash Joule Heating (FJH) technology with Ucore's RapidSX separation platform at their US DoW-backed Louisiana refinery.

The partnership will develop a two-stage program: First, bench-scale testing of rare earth concentrate processing and magnet scrap conversion; second, pilot-scale production of mixed REE chlorides at Ucore's Commercial Demonstration Plant in Kingston, Ontario. The integrated system aims to process various feedstocks, including conventional REE concentrates, magnet scrap, e-waste, and lighting waste, producing separated rare earth oxides like NdPr, Dy, and Tb.

Ucore Rare Metals (OTCQX: UURAF) has announced the automatic conversion of its remaining $1.1 million convertible debentures into equity. The conversion was triggered after the company's shares traded above $2.20 for 20 consecutive trading days on the TSX Venture Exchange.

The conversion resulted in the issuance of 1,222,219 units, each consisting of one common share and half a warrant. The warrants are exercisable at $1.30 per share until January 31, 2026. The debentures, originally issued in May 2020 at $1,000 per debenture with 7.5% annual interest, have now been fully converted or repaid.

Ucore Rare Metals (OTCQX: UURAF) has signed a non-binding Letter of Intent (LOI) with Critical Metals Corp (NASDAQ: CRML) for a long-term rare earth element feedstock supply agreement. The 10-year arrangement will source materials from CMC's Tanbreez Project in Greenland to supply Ucore's Strategic Metals Complex in Louisiana and Commercial Demonstration Facility in Ontario.

The agreement, targeted to commence by July 1, 2027, aims to establish a Western rare earth supply chain independent of China. The feedstock will be processed at Ucore's facilities, which are supported by the U.S. Department of Defense and the State of Louisiana. The partnership focuses on heavy rare earth elements crucial for permanent magnets used in defense and consumer applications.

Ucore Rare Metals (OTCQX: UURAF) has launched an $18.4 million US Department of Defense (DoD) funded Phase 2 project for scaling up its Louisiana commercial rare earth refining complex. The company has also successfully completed the separation of critical heavy rare earth elements (HREEs) terbium and dysprosium under its Phase 1 project, receiving a $1.1 million payment.

The Phase 2 Award will fund the construction of Ucore's first commercial-scale RapidSX™ machine at its Louisiana facility, focusing on HREEs crucial for military technologies and advanced applications. The project follows a $4 million Phase 1 Award, with current Phase 1 payments totaling $3.35 million. The initiative aims to establish a North American rare earth supply chain independent of Chinese control.

Ucore Rare Metals has executed an $18.4M non-repayable award with the U.S. Department of Defense, bringing total funding under their OT Agreement to $22.4M. The funding will support the construction of their first commercial RapidSX machine and infrastructure at the Strategic Metals Complex (SMC) in Alexandria, Louisiana. The project aims to establish domestic rare earth element (REE) processing capabilities, with production expected in H2-2026. The 80,800-square-foot SMC facility, located in England Air Park's Foreign Trade Zone, will process REE concentrates from U.S.-friendly countries. Ucore has secured additional support including CA$4.28M from the Canadian government, potential US$15M in Louisiana state incentives, and CA$500,000 from Ontario's Critical Minerals Innovation Fund.

Ucore Rare Metals (UURAF) has announced a groundbreaking ceremony for its Louisiana Strategic Metals Complex (SMC), a 80,800-square-foot rare earth element processing facility at England Airpark, Alexandria. The facility will utilize RapidSX™ technology for efficient rare earth separation, producing critical elements like neodymium and praseodymium for EVs and defense applications. The project has secured significant backing, including a US$18.4 million extension from the U.S. Department of Defense and a US$15+ million incentive package from Louisiana. Located in a Foreign Trade Zone, the facility benefits from duty advantages on imported materials. The state's incentive package includes US$8.2 million in tax savings, a US$900,000 infrastructure grant, and a US$360,000 facility offset.

Ucore Rare Metals (UURAF) has secured a US$18.4 million funding agreement with the US Department of Defense to scale up its RapidSX™ Rare Earth Element Separation Technology. This funding expands upon an existing US$4M demonstration project and will facilitate the construction of a production-ready commercial RapidSX™ machine in Alexandria, Louisiana. The project involves transferring technology from Ucore's Canadian demonstration facility to its US commercial facility, with full-scale construction and early production planned for H2-2026. The technology will focus on separating six rare earth elements (Pr, Nd, Sm, Gd, Tb, Dy) that are subject to China's export licensing restrictions. Upon completion, Ucore plans to expand to a 2,000 tonne per annum TREO Phase 1 construction project. The agreement includes a conditional advance for pre-modification costs by May 10, 2025, with formal OTA modification execution expected by June 10, 2025.