Ucore Rare Metals Inc - Mining Stock Analysis & Updates

Ucore Corporate Update

Ucore Comments on China's Immediate Restrictions on Rare Earth Exports

Ucore Rare Metals Inc. acknowledges China's export restrictions on key rare earth elements, emphasizing the need for a secure North American supply chain. The company is advancing its RapidSX™ technology, collaborating with the U.S. Department of Defense, and developing a facility in Louisiana, backed by Canadian government funding.

Ucore Applauds White House Executive Action to Strengthen Critical Mineral Production

Ucore Rare Metals Inc. comments on President Trump's executive order invoking wartime powers to boost domestic mineral production, particularly rare earth elements. The order aims to enhance national security and calls for a dedicated mineral fund and priority for mineral production in defense initiatives.

Ucore Closes Private Placement Financing

Ucore Rare Metals Inc. closed a private placement of 1,955,800 units at CAD$0.60 each, raising CAD$1,173,480 for corporate purposes. Each unit includes a common share and a warrant. The offering is subject to TSXV approval and resale restrictions.

Ucore Accepts $2M Investment from Hondo Private Equity LLC

Ucore Rare Metals Inc. has closed a non-brokered private placement with Hondo Private Equity, raising CAD$2.16 million by issuing 3.6 million units at CAD$0.60 each. Proceeds will support general corporate purposes, with shares under a restricted period.

Ucore Awarded Funding by Ontario Critical Minerals Innovation Fund

Ucore Rare Metals Inc. has secured $500,000 from Ontario's Critical Minerals Innovation Fund to enhance its RapidSX™ technology at its Kingston facility. This funding aims to strengthen the North American rare earth supply chain and boost competitiveness against Chinese producers.

Ucore Rare Metals: US DoD Approves US$1.8 Million Payment

Ucore Rare Metals Inc. announced the US Department of Defense approved modifications to its OT Agreement, granting US$1.8 million for rare earth element separation work. This funding supports the establishment of a sustainable domestic processing facility and aligns payment milestones with commercial objectives.

Ucore Secures Strategic Advantage with Louisiana Foreign Trade Zone Amid Proposed U.S. Trade Policies

Ucore Rare Metals plans to establish a rare earth refining facility in Louisiana's England Airpark Foreign Trade Zone, aiming to mitigate tariff impacts and support U.S. supply chains for critical materials, particularly in light of national security concerns.

Ucore Provides Corporate Update

Ucore Rare Metals Inc. plans to extend the term of 7,055,795 common share purchase warrants by 12 months to December 22, 2025, subject to TSX Venture Exchange approval. This is considered a related party transaction involving insider Randy Johnson.

Ucore Closes Private Placement Financing

Ucore Rare Metals Inc., has successfully closed its non-brokered private placement offering of 4,803,329 units at $0.50 per unit, resulting in gross proceeds of $2,401,665. Each unit consists of one common share and half a common share purchase warrant. The proceeds are expected to be used for finalizing agreements, progressing engineering plans for the Company's Strategic Metals Complex, debt servicing, and general corporate working capital. John Wilson, an arms-length finder, will be issued 21,000 Common Shares. All shares and warrants are subject to a four-month and one-day hold period.

Ucore Announces Private Placement Financing

Ucore Rare Metals Inc. has proposed a non-brokered private placement offering of 4,803,329 units at $0.50 per unit, aiming to raise approximately $2.4 million. Each unit includes one common share and half a common share purchase warrant, which can be exercised at $0.75 within 24 months of the closing date. The proceeds will be used for finalizing agreements, progressing engineering plans, debt servicing, and general corporate working capital for the company's planned Strategic Metals Complex. The offering's closing, expected on November 14, 2024, awaits approval from the TSX Venture Exchange.

Ucore Continues to Advance its US DoD Demonstration Project towards Louisiana REE Commercialization

Ucore Rare Metals Inc. is making significant progress on its US$4 million project with the US Department of Defense. The project involves the separation of mixed heavy and light rare earth elements at Ucore's Commercialization and Demonstration Facility in Kingston, Ontario. The company has achieved 60% of the project's objectives, including the establishment of an on-site analytical laboratory, a Continuous Improvement Program, and the completion of over 2,600 hours of Demo Plant runtime. It has also processed over 3 tonnes of rare earth elements and produced over 57,000 liters of rare earth chloride raffinates and strip liquors. Ucore is also working towards developing a commercial rare earth element supply chain in the West.