Exciting news! The U.S. Department of Defense is providing Canadian Ucore Rare Metals with USD 18.4 million to advance its RapidSX technology for separating rare earth elements towards full operation! This includes both the expansion of the work already underway in collaboration with the US Department of Defense as part of a demonstration project, for which Ucore has already received USD 4 million, as well as the [...]
A US$18.4 million funding agreement with the US Department of Defense to launch its RapidSX™ Rare Earth Element Separation Technology toward full-scale operation, including: Expansion of the current $4M US DOD demonstration project Commercial-scale RapidSX™ production module construction and operations System engineering technology transfer from Ucore's Canadian demonstration facility to its developing United [...]
Ucore Rare Metals is pleased to announce the following marketing and investor awareness engagements. The Company reports that it has engaged InvestorBrandNetwork, to provide corporate communications expertise and related services. The Company expects that IBN will leverage its investor-based distribution network of 5,000+ key syndication outlets, various newsletters and other outreach tools to generate awareness of the [...]
Ucore Rare Metals is pleased to announce that its Chairman and CEO, Pat Ryan, will be presenting at the Emerging Growth Conference on Wednesday, April 16, 2025 at 2:20pm Eastern Time. Mr. Ryan is looking forward to providing existing shareholders and the investment community with an overview of the Company and its operations, together with an update on recent developments in the rare earth sector. Prospective attendees [...]
Ucore Rare Metals acknowledges the recent joint announcement by China's Ministry of Commerce and the General Administration of Customs regarding export restrictions on critical rare earth elements effective April 4, 2025. As reported by multiple news sources, the export restrictions, applicable to all countries, include seven key medium and heavy rare earth elements, including samarium, gadolinium, terbium, dysprosium [...]
Ucore Rare Metals Inc. , is pleased to comment on the latest executive order issued by President Trump, invoking wartime powers under the Defense Production Act to address threats to the country's national and economic security by reliance upon "hostile foreign powers' mineral production" . The Executive Order outlines a number of initiatives to "facilitate domestic mineral production to the maximum extent possible" and [...]
Ucore Rare Metals Inc. is pleased to announce that it has closed a non-brokered private placement of 1,955,800 units at a price of CAD$0.60 per Unit . Each Unit consists of one common share in the capital of the Company and one Common Share purchase warrant . Each Warrant entitles the holder thereof to purchase one Common Share for a period of 36 months following the date of closing of the Offering at an exercise price of [...]
Ucore Rare Metals Inc. is pleased to announce that has closed a non-brokered private placement offering with Hondo Private Equity LLC . The placement consists of 3,600,000 units at a price of CAD$0.60 per Unit for gross proceeds of CAD$2,160,000 . Hondo Private Equity is controlled by Shawn Matthews, Founder, CEO and Chief Investment Officer of Hondius Capital Management, LP . Hondius is an alternative investment manager [...]
Ucore Rare Metals Inc. , is pleased to announce that the Company has been awarded $500,000 in partnership with Ontario's Critical Minerals Innovation Fund . The non-dilutive funding contribution is for the advancement of the Continuous Improvement Process at the Company's RapidSXTM Commercial Demonstration Facility in Kingston, Ontario. "Investing in critical mineral advancements, like Ucore Rare Metals Inc.'s innovative [...]
Ucore Rare Metals Inc. is pleased to advise that the US Department of Defense has approved modifications to the Company's existing Other Transaction Agreement and the corresponding payment of US$1.8 million for the completion of milestones under the Award. The Award was made through the Company's wholly owned subsidiary, Innovation Metals Corp., to conduct rare earth element separation work at the Company's RapidSXTM [...]
Ucore's proposed Louisiana rare earth refining facility is located within the England Airpark & Community, a Foreign Trade Zone. Foreign Trade Zones have the potential to mitigate the impact of proposed tariffs on the import and export of rare earth products. Ucore Rare Metals Inc. , noting the recent news about potentially increased tariffs, comments on the value of its new Strategic Metals Complex in the favorable [...]
Ucore Rare Metals Inc. announces that the Company intends to extend the term of a total of 7,055,795 common share purchase warrants . The Warrants were originally issued pursuant to a non-brokered private placement of the Company, which closed on December 22, 2022. Each Warrant is exercisable at a strike price of $0.85, with an original 24-month term. The Company intends to extend the expiry date for these Warrants by 12 [...]
