Ucore Rare Metals Secures Oversubscribed Funding for North American Critical Metals Independence

Ucore Rare Metals Inc. has successfully closed an oversubscribed brokered private placement with units priced at $1.20 each, providing crucial funding to advance North America's self-sufficiency in rare and critical metals. The financing, led by Red Cloud Securities Inc. with Raymond James Ltd. serving as co-agent, positions the company to accelerate development of its Strategic Metals Complex in Louisiana. Each unit in the placement consisted of one common share and one-half of a warrant, exercisable at $1.75 for 36 months, demonstrating strong investor confidence in Ucore's strategic direction.

The net proceeds from this significant capital raise are designated for multiple critical initiatives that will advance the company's mission. Primary allocations include securing essential feedstock and offtake agreements, fulfilling commitments to both the U.S. Department of Defense and Natural Resources Canada, advancing commercial testing protocols, and making substantial progress in engineering development. With the agents' option still available for exercise, the total gross proceeds could potentially reach up to $11.5 million, subject to final approval from the TSX Venture Exchange. This financial backing represents a vote of confidence from the investment community in Ucore's ability to execute its strategic vision.

Ucore Rare Metals Inc. stands at the forefront of addressing a critical vulnerability in North America's supply chain for rare and critical metals. The development of the Strategic Metals Complex in Louisiana, followed by planned facilities in Canada and Alaska, aims to disrupt the current dominance of the People's Republic of China in this strategically vital sector. The company's comprehensive approach includes leveraging its 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project in Southeast Alaska, positioning Ucore as an emerging leader in advanced metal separation technologies and domestic supply chain development.

This successful funding round represents more than just a corporate milestone for Ucore—it signifies a substantial advancement for North America's strategic independence in rare and critical metals. The oversubscribed nature of the private placement underscores the growing recognition within the industry of Ucore's potential to redefine global supply chains for these essential resources. As geopolitical tensions continue to highlight the risks of concentrated supply chains, Ucore's progress offers a tangible pathway toward securing North America's access to the rare earth elements that power modern technologies, from electric vehicles and renewable energy systems to defense applications.