Company Description
US Critical Metals Corp. (USCMF) is a basic materials company focused on other industrial metals and mining, with an emphasis on projects that aim to strengthen the United States supply of critical metals and rare earth elements. According to multiple company news releases, US Critical Metals Corp. ("USCM") pursues discovery-focused mining and exploration projects in the U.S. that are described as essential to fueling the "new age" economy and advancing U.S. strategic interests in critical mineral supply.
Business focus and project portfolio
US Critical Metals Corp. states that it is focused on U.S.-based critical mineral assets that can support supply chain resilience. Across its news releases, the company describes a portfolio of projects in several U.S. states, targeting commodities including lithium, uranium, vanadium, cobalt, and rare earth elements. These projects are held through investments, option agreements, and partnerships with private Canadian and American companies.
The company reports that its assets consist of multiple discovery-focused projects in the United States. Depending on the specific disclosure, these include:
- McDermitt East Lithium Project in Nevada, located on the eastern margins of the McDermitt Caldera. USCM has reported securing an initial 50% interest in this project, together with an exclusive option to acquire the remaining 50% interest, providing a path to 100% ownership, subject to a net smelter return royalty.
- McDermitt Lithium Project in Nevada, also described as part of the company’s portfolio of U.S. critical metals projects.
- Clayton Ridge Lithium Project in Nevada, where USCM reports completing the acquisition of a 100% interest following satisfaction of an option agreement. The project is described as being located in a basin over the Clayton Valley and characterized by lithium-bearing claystone units.
- Long Canyon Uranium and Vanadium Project in Lemhi County, Idaho. USCM holds this project in partnership with IDEX Metals Corp. and has reported field programs targeting uranium, vanadium, molybdenum, nickel, lead, zinc and associated mineralization in black shales and carbonate units.
- Haynes Cobalt Project in the Idaho Cobalt Belt, where USCM reports retaining 100% ownership of a past-producing cobalt property in a historic mining district.
- Sheep Creek rare earth element (REE) project in Montana, described as part of the company’s U.S. critical metals and rare earth portfolio.
- Lemhi Pass in Idaho, referenced in earlier descriptions as one of several projects covered by option agreements.
Across these disclosures, US Critical Metals Corp. consistently describes its strategy as exploring and developing critical metals and rare earth assets with near- and long-term strategic value to the advancement of U.S. interests. The company also notes that a significant percentage of global critical metal and rare earth supply comes from jurisdictions with interests characterized as contrary to those of the U.S., framing its U.S.-based projects as aligned with domestic supply priorities.
Key lithium projects: McDermitt East and Clayton Ridge
USCM places particular emphasis on its lithium projects in Nevada. At the McDermitt East Lithium Project, the company reports that the project is located within the McDermitt Caldera, a large volcanic structure that hosts lithium-bearing claystone systems. USCM has disclosed sampling results at McDermitt East with anomalous lithium values and highlights the project’s location within a broader lithium district that includes the Thacker Pass project operated by Lithium Americas Corp.
Through an amended option arrangement, USCM reports that it has acquired an initial 50% interest in McDermitt East and secured an option to acquire the remaining 50% interest via specified cash and/or share payments, which would result in 100% ownership subject to a net smelter return royalty. The company has outlined exploration plans for geological mapping, surface sampling, target refinement, and a planned maiden drill program, as described in its news releases.
At the Clayton Ridge Lithium Project in Esmeralda County, Nevada, USCM states that it has completed the acquisition of a 100% interest. The project is described as being located in a basin over the Clayton Valley, in a region known for lithium claystone deposits. Company disclosures note that historical and more recent work at Clayton Ridge has identified lithium-rich claystone over surface exposures, with drilling and sampling indicating lithium mineralization hosted in clay units derived from volcanic ash.
Uranium, vanadium and polymetallic targets at Long Canyon
The Long Canyon Uranium and Vanadium Project in Idaho is another core asset described by US Critical Metals Corp. The company reports that Long Canyon is part of an underexplored geologic environment and may host multiple mineralization styles. Field programs described in the company’s news releases include systematic mapping, rock and soil sampling, radiometric measurements, and structural analysis.
USCM has reported that Long Canyon exhibits:
- Black shale-hosted mineralization with uranium, vanadium, molybdenum, nickel, and zinc associated with organic-rich shale horizons.
- Carbonate-replacement (CRD-style) mineralization with silver, lead, zinc and antimony hosted in carbonate rocks along structural corridors.
The company’s technical disclosures describe these features as consistent with polymetallic shale-hosted and carbonate-replacement systems, and USCM has outlined plans for further geophysical surveys, mapping, sampling, and potential drilling to refine targets within the Long Canyon claim blocks.
Cobalt and rare earth elements: Haynes and Sheep Creek
US Critical Metals Corp. also highlights its Haynes Cobalt Project in the Idaho Cobalt Belt. The company reports that it has retained 100% ownership of this past-producing property, which lies in a historic mining district known for cobalt, copper, and gold. Historical work referenced by USCM includes drilling and sampling by prior operators and more recent rock sampling programs conducted by the company, which returned cobalt and associated elements in tourmaline-bearing breccias and altered metasediments.
In addition, USCM’s disclosures refer to the Sheep Creek project in Montana and other rare earth element–focused properties such as Lemhi Pass. These projects are described as part of the company’s effort to explore and develop rare earth and critical metal assets within the United States.
Corporate strategy and geographic emphasis
Across its news releases, US Critical Metals Corp. presents a consistent strategy centered on U.S. critical mineral security. The company states that it aims to align its project portfolio with U.S. government priorities to reduce reliance on foreign-controlled supply chains for critical metals and rare earth elements. It references U.S. federal initiatives and policy directions that support domestic production of lithium, uranium, cobalt, and related commodities.
USCM’s projects are located in several U.S. states, including Nevada, Idaho, and Montana, and are described as being held through option agreements, investments, and partnerships. The company notes that it has engaged external geological consultancies for field programs and has also entered into marketing and public relations agreements to increase market awareness of its activities.
Trading and industry classification
US Critical Metals Corp. is identified in its news releases as trading on the Canadian Securities Exchange (CSE: USCM), the OTCQB market (USCMF), and the Frankfurt Stock Exchange (FSE: 0IU). For sector classification purposes, it falls within the Basic Materials sector and the Other Industrial Metals & Mining industry. The company’s disclosures emphasize early-stage exploration and project advancement rather than production, and they include standard cautionary statements regarding forward-looking information and exploration risks.
Risk considerations and disclosure framework
In its public communications, US Critical Metals Corp. includes detailed cautionary language regarding forward-looking information, exploration risk, regulatory approvals, access to capital, and uncertainties inherent in interpreting geological data. The company notes that many of its projects are at the exploration stage, that historical data from previous operators may not be fully verified, and that rock and soil samples can be selective and may not represent the properties as a whole.
USCM also references National Instrument 43-101 technical reports prepared by independent qualified persons for certain projects, such as McDermitt East and the Haynes Cobalt Project, and states that scientific and technical information in its releases has been reviewed and approved by qualified persons acting as consultants to the company.
Summary
Overall, US Critical Metals Corp. describes itself as an exploration-focused company in the basic materials sector, concentrating on U.S. critical metals and rare earth element projects. Its reported portfolio includes lithium projects in Nevada, uranium and vanadium exploration in Idaho, a cobalt project in the Idaho Cobalt Belt, and rare earth–related projects in Montana and Idaho. The company positions these assets within the broader context of U.S. efforts to secure domestic supplies of key minerals, while emphasizing that its activities are subject to exploration risk, regulatory outcomes, and market conditions.
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Short Interest History
Short interest in US Critical Metals (USCMF) currently stands at 11.3 thousand shares, down 73.8% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has increased by 122.9%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for US Critical Metals (USCMF) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed.