UCORE RARE METALS (UURAF) Stock News, Mar-Sep 2025

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.

Ucore Rare Metals (OTCQX: UURAF) has announced multiple marketing and investor awareness initiatives. The company has engaged three different firms: InvestorBrandNetwork (IBN) for a one-year term at US $23,200 per quarter, Goldinvest Consulting GmbH for six months at EUR 4,050 per month, and Outside the Box Capital Inc. (OTBC) for a 12-month period at $160,000. OTBC will also receive 100,000 stock options with a 5-year term and $25,000 for influencer marketing. These engagements aim to enhance corporate communications, investor awareness, and market presence through various channels including social media, online distribution, and investor relations services.

Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) announced that Chairman and CEO Pat Ryan will present at the Emerging Growth Conference on April 16, 2025, at 2:20pm Eastern Time. The presentation will provide shareholders and investors with a company overview, operational updates, and insights into recent rare earth sector developments.

Additionally, the company has granted 1,360,000 stock options to directors, officers, employees, and consultants, pending TSX Venture Exchange approval. The options are exercisable at $1.08 per share with a five-year expiration from April 14, 2025. The vesting schedule includes one-third after six months and the remaining portions vesting in six-month intervals.

Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) addresses China's newly announced export restrictions on seven key rare earth elements effective April 4, 2025. The restrictions affect samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium.

The company is advancing several strategic initiatives:

• Operating a RapidSX™ Commercial Demonstration Plant in Kingston, Ontario under a USD$4 million US Department of Defense contract
• Developing the Louisiana Strategic Metals Complex (SMC) in Alexandria
• Secured $4.28 million funding from the Government of Canada
• Executed LOI with Louisiana State for estimated USD$15 million in incentives

These developments align with President Trump's March 20, 2025 Executive Order invoking the Defense Production Act to strengthen domestic mineral production, particularly focusing on reducing dependence on foreign rare earth element sources.

Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) responds to a new executive order by President Trump invoking the Defense Production Act to strengthen domestic critical mineral production, particularly rare earth elements. The order aims to reduce dependence on foreign mineral production and directs the Development Finance and Secretary of Defense to establish a dedicated mineral production fund within 30 days.

The company, currently processing rare earth materials through its RapidSX™ Commercial Demonstration Facility under a USD$4 million Department of Defense contract, is developing its first Strategic Metals Complex in England Airpark, Alexandria, Louisiana. This facility will focus on producing high-purity rare earth elements essential for national security and technological advancement.

The initiative aligns with Ucore's mission to develop Western rare earth element supply, important for semiconductor manufacturing, robotics, and clean energy applications, with the global semiconductor market projected to exceed $1 trillion by 2030.