Board Change • 23h
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. Director Amira Abouali was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • May 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$14m free cash flow). Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (CA$44m net loss in 2 years). Annonce • Apr 15
Ucore Rare Metals Inc., Annual General Meeting, Jun 12, 2026 Ucore Rare Metals Inc., Annual General Meeting, Jun 12, 2026. Location: nova scotia, bedford Canada Recent Insider Transactions Derivative • Jan 28
Independent Director exercised options and sold CA$120k worth of stock On the 21st of January, Steven Meister exercised 15k options at a strike price of around CA$1.30 and sold these shares for an average price of CA$9.27 per share. This trade did not impact their existing holding. Since June 2025, Steven has owned 16.60k shares directly. Company insiders have collectively sold CA$4.5m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jan 25
Independent Director exercised options and sold CA$120k worth of stock On the 21st of January, Steven Meister exercised 15k options at a strike price of around CA$1.30 and sold these shares for an average price of CA$9.27 per share. This trade did not impact their existing holding. Since June 2025, Steven has owned 16.60k shares directly. Company insiders have collectively sold CA$4.5m more than they bought, via options and on-market transactions in the last 12 months. Breakeven Date Change • Nov 27
Forecast to breakeven in 2027 The 2 analysts covering Ucore Rare Metals expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$25.8m in 2027. Average annual earnings growth of 71% is required to achieve expected profit on schedule. New Risk • Nov 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$9.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$9.0m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Significant insider selling over the past 3 months (CA$777k sold). New Risk • Nov 10
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: CA$13m Forecast net loss in 1 year: CA$5.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$5.4m net loss next year). Significant insider selling over the past 3 months (CA$1m sold). Recent Insider Transactions Derivative • Oct 26
Independent Director exercised options and sold CA$207k worth of stock On the 23rd of October, Jaroslav Dostal exercised 40k options at a strike price of around CA$1.30 and sold these shares for an average price of CA$6.48 per share. This trade did not impact their existing holding. Since June 2025, Jaroslav has owned 3.60k shares directly. Company insiders have collectively bought CA$4.9b more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Oct 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Significant insider selling over the past 3 months (CA$724k sold). Recent Insider Transactions • Oct 14
VP, CFO & Corporate Secretary recently sold CA$132k worth of stock On the 10th of October, Peter Manuel sold around 16k shares on-market at roughly CA$8.27 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$285k. Peter has been a net seller over the last 12 months, reducing personal holdings by CA$742k. Recent Insider Transactions Derivative • Oct 14
VP, CFO & Corporate Secretary exercised options and sold CA$1.2m worth of stock On the 10th of October, Peter Manuel exercised 630k options at a strike price of around CA$0.85 and sold these shares for an average price of CA$2.77 per share. This trade did not impact their existing holding. Since June 2025, Peter's direct individual holding has decreased from 65.28k shares to 60.28k. Company insiders have collectively bought CA$4.9b more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Oct 08
Director exercised options and sold CA$215k worth of stock On the 3rd of October, Amira Abouali exercised 35k options at a strike price of around CA$1.30 and sold these shares for an average price of CA$7.54 per share. This trade did not impact their existing holding. As of today, Amira currently holds no shares directly. Company insiders have collectively bought CA$4.9b more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Sep 28
Director exercised options and sold CA$904k worth of stock On the 23rd of September, Amira Abouali exercised 215k options at a strike price of around CA$0.85 and sold these shares for an average price of CA$5.06 per share. This trade did not impact their existing holding. As of today, Amira currently holds no shares directly. Company insiders have collectively bought CA$4.9b more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Aug 29
VP & COO exercised options and sold CA$613k worth of stock On the 26th of August, Michael Schrider exercised 250k options at a strike price of around CA$0.85 and sold these shares for an average price of CA$3.30 per share. This trade did not impact their existing holding. As of today, Michael currently holds no shares directly. Company insiders have collectively sold CA$840k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Aug 13
VP, CFO & Corporate Secretary recently sold CA$84k worth of stock On the 5th of August, Peter Manuel sold around 40k shares on-market at roughly CA$2.09 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Peter has been a net seller over the last 12 months, reducing personal holdings by CA$102k. New Risk • Jun 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$103.1m market cap, or US$75.0m). Annonce • Jun 20
Ucore Rare Metals Inc. announced that it has received CAD 14 million in funding On June 19, 2025, Ucore Rare Metals Inc closed the transaction and agent exercised full over allotment option. Agents received cash commissions and advisory fees totaling CAD 855,000 and were issued an aggregate of 712,500 non-transferable Common Share purchase warrants New Risk • May 22
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$5.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.8m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 10% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (CA$102.7m market cap, or US$74.1m). New Risk • May 12
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$5.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.8m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (CA$114.0m market cap, or US$81.9m). Annonce • Apr 16
Ucore Rare Metals Inc., Annual General Meeting, Jun 13, 2025 Ucore Rare Metals Inc., Annual General Meeting, Jun 13, 2025. Location: nova scotia, bedford Canada Annonce • Mar 01
Ucore Rare Metals Inc. announced that it has received CAD 1.17348 million in funding Ucore Rare Metals Inc. announced it has closed a non-brokered private placement on February 28, 2025. The company has issued 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 CAD 0.75. The offering remains subject to the final approval of the TSX Venture Exchange. New Risk • Feb 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.3% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (CA$54.1m market cap, or US$38.0m). New Risk • Dec 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.3% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (7.9% increase in shares outstanding). Market cap is less than US$100m (CA$42.7m market cap, or US$29.8m). New Risk • Nov 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.3% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (7.8% increase in shares outstanding). Market cap is less than US$100m (CA$39.3m market cap, or US$28.1m). Annonce • Nov 16
Ucore Rare Metals Inc. announced that it has received CAD 2.401665 million in funding On November 14, 2024, the company has closed the transaction Annonce • Nov 13
Ucore Rare Metals Inc. announced that it expects to receive CAD 2.401665 million in funding Ucore Rare Metals Inc. announced a non-brokered private placement of 4,803,329 units at a price of CAD 0.50 per unit for the gross proceeds of CAD 2,401,665 on November 12, 2024. Each Unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share for a period of 24 months following the date of closing of the offering at an exercise price of CAD 0.75. The closing of the Offering and issuance of the Units are subject to the approval of the TSX Venture Exchange (the “TSXV”). The closing of the offering is expected to take place on or about November 14, 2024, or such other date as may be determined by the Company. The securities issued will be subject to a four month and one-day hold period commencing on the Closing Date. Additional hold periods and/or trading or resale restrictions may also apply in the United States. New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings have declined by 2.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$10m free cash flow). Earnings have declined by 2.8% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$38.3m market cap, or US$28.5m). Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Director Amira Abouali was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • May 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$9.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$9.7m free cash flow). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (CA$43.3m market cap, or US$31.6m). Annonce • Apr 30
Ucore Rare Metals Inc. Receives and Tested A Wicheeda Mixed Rare Earth Carbonate Sample At Its Kingston, Ontario Defense Metals Corp. announced that Ucore Rare Metals Inc. received and tested a Wicheeda mixed rare earth carbonate sample at its Kingston, Ontario, RapidSX Commercialization and Demonstration Facility. Ucore confirmed that this testing of the MREC material provides determination of its suitability as an MREC product for commercial-scale processing with Ucore's RapidSX technology at Ucore's currently under development Louisiana Strategic Metals Complex project in Alexria, Louisiana, and subsequent planned SMCs, including a Canadian facility. This sample was generated during Defense Metals' 2023 hydrometallurgical piloting test work performed on concentrate produced by earlier flotation pilot plant testing of a 26-tonne bulk sample from Defense Metal's wholly-owned Wicheeda Property in British Columbia. The Wicheeda REE Project, approximately 80 kilometres (~50 miles) northeast of the city of Prince George, is readily accessible by a paved highway and all-weather gravel roads and is close to infrastructure, including hydro power transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the port facilities at Prince Rupert, the closest major North American port to Asia. Annonce • Apr 13
Ucore Rare Metals Inc., Annual General Meeting, Jun 13, 2024 Ucore Rare Metals Inc., Annual General Meeting, Jun 13, 2024. Annonce • Feb 10
Ucore Rare Metals Inc. announced that it has received CAD 1.99 million in funding On February 9, 2024, Ucore Rare Metals Inc. closed the transaction. The company issued 480 convertible debentures at a price of CAD 1,000 per debenture for the gross proceeds of CAD 480,000 in its second and final tranche closing. The company issued an aggregate of 1,990 convertible debentures for aggregate gross proceeds of CAD 1,990,000. The company paid CAD 21,500 as finder fees and issued 57,333 finder warrants in connection with the second and final tranche. Each finder warrant entitles the holder to acquire one common share at a price of CAD 0.75 for a period of 24 months from the date of issuance. Annonce • Jan 31
Ucore Rare Metals Inc. announced that it has received CAD 1.51 million in funding On January 30, 2024, Ucore Rare Metals Inc. closed the transaction. The company issued 1,510 convertible debentures at a price of CAD 1,000 per debenture for the gross proceeds of CAD 1,510,000. The Debentures bear interest at a rate of 7.5%, payable semi-annually on the last day of June and December of each year, commencing on June 30, 2024. The Debentures have an approximately two-year term with the principal amount being due to be repaid in full by the Company on January 31, 2026. The Debentures are unsecured. The Company as paid a total of CAD 67,750 finder fees and a total of 116,667 finder warrants in connection with the Offering. Each finder warrant entitles the holder to acquire one common share of the Company at a price of CAD 0.75 for a period of 24 months from the date of issuance. The Company further reports that it has received Conditional Approval from the TSX-Venture Exchange to increase the maximum offering size from 1,500 Debentures to 2,000 Debentures, with total potential proceeds of CAD 2,000,000. The Company may close a second tranche of the Debentures at any time before February 9, 2024 for additional proceeds of up to CAD 490,000. New Risk • Jul 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$7.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$7.3m free cash flow). Earnings have declined by 0.3% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (CA$52.7m market cap, or US$39.8m). Annonce • Jun 17
Ucore Rare Metals Inc. announced that it expects to receive CAD 5.35 million in funding Ucore Rare Metals Inc. announced a best efforts private placement of units of the company at a price of CAD 1 per unit for minimum gross proceeds of CAD 4 million and maximum gross proceeds of CAD 5.35 million. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share for a period of 36 months following the closing date of the offering at an exercise price of CAD 1.25. The company has granted the agents an option, exercisable in whole or in part prior to the closing of the offering, to offer and sell up to an additional 802,500 units at the offering price, for additional gross proceeds of up to approximately CAD 0.8 million. If the agents’ option is exercised in full, the aggregate gross proceeds to the company will be approximately CAD 6.15 million. The offering is scheduled to close on or about July 6, 2023, or such date as the lead agent and the company may agree upon, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange. The completion of the offering remains subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV. Annonce • Jan 28
Ucore Rare Metals Inc. Provides Updates on RapidSX Rare Earth Element Demo Plant Ucore Rare Metals Inc. provided an update on the commissioning process for its RapidSX Demonstration Plant (‘Demo Plant’) for the separation of heavy and light rare earth elements. The Demo Plant is located within Ucore's 5,000 square foot RapidSXTM Commercialization and Demonstration Facility in Kingston, Ontario, and is run by its laboratory partner, Kingston Process Metallurgy Inc. Commissioning of the Demo Plant is underway. Once commissioned, the Demo Plant is designed to demonstrate the techno-economic advantages, scale-up, and commercial durability of the RapidSXTM technology platform by processing tens of tonnes of North American-friendly sources of mixed rare earth chemical concentrates in a simulated production environment. The planned output products are high-purity NdPr, praseodymium, neodymium, terbium, and dysprosium REEs, to be incorporated into the early stages of original equipment manufacturers' (‘OEM’) qualification trials. Simultaneously, Ucore, its engineering partner, Mech-Chem Associates Inc. (‘Mech- Chem’), and KPM are developing the full-scale engineering for the Company's first Strategic Metals Complex. The SMC is a planned REE separation and rare earth oxide production plant slated to commence construction in the US State of Louisiana this year. It is scheduled to initially process 2,000 tonnes of total rare earth oxides by the end of 2024, increasing to 5,000 tonnes in 2026. Annonce • Dec 24
Ucore Rare Metals Inc. announced that it has received CAD 4.586267 million in funding On December 23, 2022, Ucore Rare Metals Inc. closed the transaction. The company amended the terms of the transaction. The company issued total of 7,055,795 units at a price of CAD 0.65 per unit for aggregate gross proceeds of CAD 4,586,266.75. Annonce • Dec 10
Ucore Rare Metals Inc. Provides an Update on its RapidSX Rare Earth Element Separation Technology Platform and the Company's Louisiana Strategic Metals Complex Technology Deployment Process Ucore Rare Metals Inc. provided an update on its RapidSX rare earth element ("REE") separation technology platform and the Company's Louisiana Strategic Metals Complex technology deployment process (the "Program"). The work is taking place at the Company's RapidSX Commercialization and Demonstration Facility ("CDF") in Kingston, Ontario, which is operated by its laboratory partner Kingston Process Metallurgy Inc. ("KPM"). Ucore announced that it has received all feedstock required for the initial commissioning trials, including approximately 2 tonnes of a high-purity heavy REE ("HREE") feedstock, the most coveted and difficult to separate of the rare earth feedstocks. The two initial commissioning trials will consist of processing a light REE ("LREE") feedstock followed by the HREE feedstock. Both will be processed on the same 51-stage RapidSX Demo Plant an achievement in North America. Annonce • Dec 08
Ucore Rare Metals Inc. announced that it expects to receive CAD 2.015 million in funding Ucore Rare Metals Inc. announced a non-brokered private placement of up to 3,100,000 units at a price of CAD 0.65 per unit for gross proceeds of up to CAD 2,015,000 on December 6, 2022. Each unit consists of one common share and one half of one warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.85 per share at any time within 2 years after closing. All securities to be issued in the transaction will be subject to a 4 month hold period. The transaction is subject to receipt of all required regulatory and TSX Venture Exchange approvals. The transaction is expected to close on or around December 15, 2022. Annonce • Nov 23
Ucore Rare Metals Inc. Finalizes Louisiana SMC Site Selection Process Ucore Rare Metals Inc. provided an update on the commercial deployment of its RapidSXTM rare earth element separation technology platform at the Company's prospective Louisiana Strategic Metals Complex. The Ucore, Innovation Metals Corp. Kingston Process Metallurgy Inc. and Mech-Chem Associates Inc. commercialization team executing the design, construction, and commissioning of the RapidSXTM REE demonstration-scale plant will be the core team responsible for the development of the LSMC in conjunction with a yet to be selected local design and build construction entity. The concept of building a plant within an existing building is the go-forward engineering process that the Team will replicate to create the first full-scale SMC within one of three designated Louisiana brownfield site ii facilities once the final location is determined. -2- As Ucore announced on October 17, 2022, the LSMC is scheduled to initially process 2,000 tonnes of total rare earth oxides by the end of 2024, increasing to 5,000 tonnes by 2026. In early November, Ucore's VP and COO, Mike Schrider, conducted a second inspection trip to each of the facilities and continued discussions with local and regional economic development authorities and other entities to discuss the mutual fit within the various communities. Stemming from these meetings, Ucore has been in continuous contact with these local development entities, financial institutions, and others to determine the best long-term site location for the planned LSMC. Ucore's LSMC is being designed to: process 2,000 tonnes of TREO from mixed rare earth concentrates on a per annum basis in the first and second year of operation, after that, expanding to 5,000 tpa: from multiple US-friendly sources, including heavy REE and light REE feedstocks. initially be capable of processing all RapidSXTM splits required to produce individual praseodymium, neodymium, terbium, and dysprosium from each applicable feedstock source. The product line will expand to other individual rare earth elements as the Western REE market develops. Annonce • Nov 17
Ucore Rare Metals Inc. Provides an Update on RapidSXTM Rare Earth Element Separation Technology Platform and the Company's Louisiana Strategic Metals Complex Technology Deployment Process Ucore Rare Metals Inc. provided an update on its RapidSXTM rare earth element separation technology platform and the Company's Louisiana Strategic Metals Complex technology deployment process. The work is taking place at the Company's RapidSXTM Commercialization and Demonstration Facility in Kingston, Ontario, which is operated by its laboratory partner Kingston Process Metallurgy Inc. The Ucore, IMC, KPM, and Mech-Chem Associates Inc. commercialization team continues to make significant strides in the procurement and construction process for the RapidSXTM REE demonstration-scale plant. The final engineered layout of the Demo Plant takes up nearly all of the 5,000 square foot CDF. And the concept of building a plant within an existing building is the go-forward engineering process that the Team will replicate to create the first full-scale SMC within one of three designated Louisiana brownfield siteii facilities once the selection process is finalized. As Ucore announced on October 17, 2022, the Louisiana SMC is scheduled to initially produce 2,000 tonnes of total rare earth oxides by the end of 2024, increasing to 5,000 tonnes by 2026. The Company is engaged in numerous discussions for the required development funding for its first SMC. The project is expected to be funded with CAD 15+ million from the State of Louisiana, prepurchase and supply offtake agreements, various debt financing programs, government grants, and other means. Since acquiring IMC in May of 2020, Ucore's 2-1/2 year RapidSXTM development program has allowed the Company to position itself as a first-mover toward the commercial production of heavy and light REOs in North America. The assembled commercialization team is fully integrated into all CDF activities and is aligned to develop the full-scale SMC techno- economic assessment and engineering data transfer. The efficiencies and environmental advantages resulting from the CDF demonstration processes are, and will continue to be, directly incorporated into the full-scale SMC engineering design packages. This integrated process rapidly positions Ucore to meet the demanding schedule requirements for developing the first SMC and corresponding REO production for the Company's emerging list of prospective downstream partners. Ucore's REE separation Demo Plant is designed to: Have the ability to process tens of tonnes of mixed rare earth concentrates on a per annum basis: from multiple feedstock sources, including the heavy REE and light REE feedstocks planned for the full-scale SMCs. Be capable of processing all RapidSXTM splits required to produce individual praseodymium, neodymium, terbium, and dysprosium. Have a parallel 51-stage conventional solvent extraction mixer/settler circuit that will match the RapidSXTM process' configuration and enable direct head-to-head comparison of the performance of RapidSXTM vs. CSX. Annonce • Oct 07
Ucore Rare Metals Inc. Updates on Bokan 2022 Field Sampling Program Ucore Rare Metals Inc. provided an update regarding the 2022 field sampling program at its Bokan-Dotson Ridge heavy rare earth element mineral resource project. Aurora Geosciences Ltd.'s contractors, consisting of two geologists and three geotechnical laborers, were on site from May 13 to June 10, 2022. This work was followed by sample submissions to the Bureau Veritas preparation lab in Juneau, Alaska. Final analyses are still in process at the Bureau Veritas laboratory in Vancouver, BC, Canada, with current assay analyses times measured in months due to the extremely high levels of mineral exploration activity. Additional details of the Field Program: Two new 25-ton bulk samples were collected from the western portion of the main Dotson Ridge mineralized zone. This will enable a comparison to the bulk material collected from the east side of the main Dotson Ridge mineralized zone in 2011. A total of 31 new sites across the entire Dotson Ridge zone were channel sampled and consisted of 137 samples. These 31 channel sites varied from two samples extending over a total of 1- meter to up to eleven samples across 4-meters. These sample locations were selected to fill in gaps in Aurora's geological model of the deposit and improve the confidence level of the published resource for the property. · All accommodations, rental equipment, marine & aircraft charters, and camp supplies were sourced from local Ketchikan suppliers, and two of the five geological contractors were Ketchikan locals. The camp cook and drilling & blasting subcontractors were also sourced from Southeast Alaska. Aurora expects that the results of the channel sampling program will allow a significant portion of the modeled rare earth resource to be upgraded from `Indicated' to now `Measured.' It is also expected that the total tonnage of the current mineral resource will marginally increase due to the new exposures of mineralized vein materials discovered in the Field Program. Annonce • Jul 13
Ucore Rare Metals Inc. Upscales Its REE Demo Plant Capabilities and Streamlines the RapidSX Commercial Deployment Plan Ucore Rare Metals Inc. provided an update on the Innovation Metals Corp.i RapidSX rare earth element ("REE") separation technology platform and the Company's commercial Strategic Metals Complex ("SMC") technology deployment process (the "Program"). The work is taking place at the companies' laboratory partner's (Kingston Process Metallurgy Inc. ("KPM")) facility in Kingston, Ontario, Canada. Since the Company's December 29, 2021, technology update, the Ucore, IMC, and KPM commercialization team (the "Team") has continued to assess and develop the RapidSXTM technology platform at the Commercialization and Development Facility ("CDF"). The critical component in this process is the design and construction of the RapidSXTM REE demonstration-scale plant ("Demo Plant") that will reside within the 5000-square-foot CDF. Up through Q1-2022, the Team had planned, designed and ordered equipment to construct an 18-stage RapidSXTM REE Demo Plant with subsequently planned incremental expansions to meet the broader commercial objectives of the Program throughout 2022 and 2023. However, in early 2022 Ucore received very positive results from the independent RapidSX technology evaluation, including the conclusion that a RapidSX production plant can potentially have 2/3 a smaller footprint than a conventional solvent extraction ("SX") with the same throughput. The Team then met with and received the buy-in from all Program stakeholders to expand the design and construction of the Demo Plant to 51-stages for the noted benefits described below. This enhanced capability allows Ucore the opportunity to achieve its broader objectives in 2022, thus, readying the Company for commercial RapidSX technology deployment on a faster track. With the increase in RapidSX processing stages, the Demo Plant will be able to process: Many feedstock sources, including planned light and heavy REE feedstocks for the SMCs; Tens of tonnes of mixed rare earth concentrate on a per annum basis: Including products for prospective metal/alloy makers and OEM qualifications; All RapidSXiii splits required to produce individual praseodymium (Pr), neodymium (Nd), terbium (Tb), and dysprosium (Dy). Annonce • May 12
Ucore Rare Metals Inc. Mobilizes Geological Crew to Bokan Mountain as Prices for Heavy Rare Earth Oxides Continue to Rise Ucore Rare Metals Inc. announced the planned mobilization of a geological crew to conduct Ucore's Summer 2022 fieldwork program at the Company's Bokan-Dotson Ridge Zone mineral deposit on Prince of Wales Island, Alaska, USA. The Program is a continuation of Ucore's 2007, 2008, 2009, 2010, 2011 & 2014 Bokan Mountain Complex exploration drill programs and is being undertaken by Aurora Geosciences (Alaska) Ltd. of Juneau, Alaska. The Program is designed to improve the geological confidence of the mineral deposit in preparation for a forthcoming planned pre-feasibility study, as the rare earth oxide market continues its favourable response to the increased electrification demands related to the electric vehicle and renewable energy sectors. The approximately 5-week Program consists of two primary planned objectives: Conduct a channel sampling program along the 2 km exposed vein outcroppings of the Dotson Ridge Zone and incorporate these results into the current deposit model. Upgrade the Bokan-Dotson Ridge Zone Mineral Resource estimate from the current 18% Indicated and 82% Inferred classifications to include a 17% to 20% Measured classification later in 2022. The Measured resource will be drawn predominantly from the current Indicated resource, with over 90% of the new Measured material being drawn from the Indicated resource and 10% from the Inferred resource. Extract 50 tonnes of additional mineralized material from two 2021 selected bulk sample locations to support a follow-on mill flowsheet pilot-scale testing program as part of a PFS. This work will be derived from the current mill flowsheet development work that is ongoing at SGS Canada Inc. The produced mineral concentrate from this pilot-scale testing will then be processed at the RapidSXTM Commercialization and Development Facility's Demonstration Plant as part of Ucore's commercial technology deployment process. The Program is a prerequisite step in preparation for obtaining potential feedstock mineral concentrate from Bokan to supply the Company's planned Alaska Strategic Metals Complex targeted for Ketchikan, Alaska. The Bokan-Dotson Ridge Zone is amongst the highest grade heavy rare earth element Mineral Resources in the United States. The Bokan Project includes terbium (Tb) and dysprosium (Dy) oxides, the two HREEs oxides associated with EV permanent magnet synchronous motors. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Steven Meister was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 13
Ucore Rare Metals Inc., Annual General Meeting, Jun 10, 2022 Ucore Rare Metals Inc., Annual General Meeting, Jun 10, 2022. Annonce • Feb 20
IBC Advanced Technologies, Inc. and Ucore Rare Metals Inc. Reach an Amicable Settlement Agreement Ucore Rare Metals Inc. and its named individual officers (collectively,"Ucore" or "Party") and IBC Advanced Technologies Inc., its named individual officers, and all IBC shareholders that are party to the Option to Purchase Agreement (collectively, "IBC" or "Party")) announce that the Parties have reached a settlement agreement (the "Agreement") regarding all litigation activities between the Parties and any other associated individuals. The specific terms of the Agreement are confidential. The terms include IBC purchasing the MRT pilot plant from Ucore for USD 1.175 million pursuant to a series of payments. Additionally, the Agreement includes the termination of the Option to Purchase Agreement and any other existing agreements between the Parties, and an agreement by all Parties to dismiss all lawsuits with prejudice and to mutually release and waive all claims. Per the terms of the Agreement, there will be no further announcements or release of Agreement details by either Party. Is New 90 Day High Low • Feb 18
New 90-day high: CA$2.04 The company is up 140% from its price of CA$0.85 on 19 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 3.0% over the same period. Annonce • Feb 10
Ucore Rare Metals Inc. announced that it has received CAD 6.7 million in funding from Concept Capital Management Ltd On February 8, 2021, Ucore Rare Metals Inc. (TSXV:UCU) closed the transaction. The company issued an aggregate of 6,700,000 units for gross proceeds of CAD 6,700,000. No cash commission fee expenses were incurred by the company pursuant to the transaction. The transaction included participation from returning investor Concept Capital Management Ltd for 1,250,000 units for gross proceeds of CAD 1,250,000. The finders’ fees an aggregate of 306,060 compensation options were issued to certain arm’s-length finders in connection with the transaction, including, Echelon Wealth Partners Inc., Canaccord Genuity Corp, PI Financial Corp, and Stormcrow Capital Limited. Each finders warrant will expire 36 months from the date of issue, subject to the company’s exercise of the acceleration provision with respect to the warrants issued pursuant to the transaction, and will entitle the holder thereof to purchase one unit at a price of CAD 1.00 per finders unit at any time up until the finders warrant expiry date. The transaction involved participation from certain insiders of the company subscribed for a total of 1,250,000 units for aggregate gross proceeds to the company of CAD 1,250,000. Pursuant to applicable Canadian securities laws, all securities issued pursuant to the transaction are subject to a hold period of four months and one day, expiring on June 9, 2021. The Private Placement remains subject to the final approval of the TSX Venture Exchange. Annonce • Jan 31
Ucore Provides Update on RapidSXTM Technology for Near-Term Commercial Rare-Earth Elements Separation in USA Ucore Rare Metals Inc. provide the following update regarding Innovation Metals Corp., and its ongoing commercialization development program for its RapidSXTM separation technology which is principally occurring at the RapidSX Commercialization and Development Facility ("CDF") in Kingston, Ontario, Canada. IMC's proprietary RapidSX technology is being commercialized for the intended cost-effective bulk separation and purification of rare-earth elements ("REEs") -- including both heavy REEs ("HREEs") and light REEs ("LREEs") -- for the production of REE oxides ("REOs"), in addition to other critical metals, such as lithium ("Li"), nickel ("Ni"), and cobalt ("Co") for lithium-ion battery materials. IMC's proprietary RapidSX technology is being commercialized for the intended cost-effective bulk separation and purification of rare-earth elements ("REEs") -- including both heavy REEs ("HREEs") and light REEs ("LREEs") -- for the production of REE oxides ("REOs"), in addition to other critical metals, such as lithium ("Li"), nickel ("Ni"), and cobalt ("Co") for lithium-ion battery materials. Commissioning of the RapidSX demonstration-scale pilot plant ("RapidSX Demonstration Plant") is scheduled to start in Third Quarter 2021 with a comprehensive, independent techno-economic study and the design of a commercial-scale REE separation facility, both planned for completion in First Quarter 2022. With the anticipated ability to demonstrate the effectiveness of the RapidSX Demonstration Plant on REE feedstocks, IMC expects RapidSX to be ready for commercial adoption and implementation in approximately 15 months from now, via revenue-producing licensing agreements with IMC customers. RapidSX Test Program Agreements with Multiple US-Allied REE Producers: The response by potential end users/licensees of the RapidSX technology for commercial REE separation
has been excellent. IMC is in numerous advanced-stage negotiations for RapidSX Test Program
Agreements ("TPAs") with current and near-term REE producers in US-allied jurisdictions who desire
testing regarding the utilization of the RapidSX technology for the separation of specific end-user mixed
REE concentrates ("MRECs"). Ucore looks forward to providing further updates on IMC's executed TPAs
in First Quarter 2021. IMC has been actively evaluating various already commercially available US-allied-sourced LREE and HREE
MRECs from existing mining operations (rather than from exploration properties) to develop a
comprehensive dataset that will demonstrate the versatility of the RapidSX technology for REE separation.
The evaluation process will lead to the final selection of one such MREC to serve as the initial REE feedstock
for the forthcoming RapidSX Demonstration Plant. Ucore expects to provide further updates on the MREC
feedstock options being explored by IMC in First Quarter 2021. Annonce • Jan 29
Ucore Rare Metals Inc. announced that it expects to receive CAD 5 million in funding Ucore Rare Metals Inc. (TSXV:UCU) announced a non-brokered private placement of 5,000,000 units to be issued at CAD 1 per unit for gross proceeds of CAD 5,000,000 on January 28, 2021. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share at a price of CAD 1.50 per share for a period of 36 months from the date of issuance. The company may complete the transaction in one or more tranches. The company may increase the size of the transaction to CAD 6,700,000, subject to approval from TSX Venture Exchange. The transaction is expected to close on or about February 4, 2021. The transaction is subject to the approval of the TSXV. All securities that are issued in the transaction will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws. Is New 90 Day High Low • Jan 23
New 90-day high: CA$1.58 The company is up 66% from its price of CA$0.95 on 23 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 2.0% over the same period. Is New 90 Day High Low • Dec 31
New 90-day high: CA$1.18 The company is up 3.0% from its price of CA$1.15 on 02 October 2020. The Canadian market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Metals and Mining industry, which is down 2.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: CA$1.08 The company is up 839% from its price of CA$0.12 on 11 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 10.0% over the same period. Annonce • Jul 30
Ucore Rare Metals Inc. (TSXV:UCU) completed the acquisition of Innovation Metals Corp. Ucore Rare Metals Inc. (TSXV:UCU) executed a share purchase agreement to acquire Innovation Metals Corp. for CAD 5.4 million on April 25, 2020. The acquisition includes the RapidSX technology of Innovation Metals Corp. The consideration will be made up of 45.4 million common shares of Ucore Rare Metals Inc. and CAD 0.001 million in cash. There will be integration of Innovation Metals and RapidSX™ into Ucore’s various M3 Plan of Action initiatives. In accordance with the agreement, Ucore will provide Innovation Metals with a CAD 0.5 million non-interest-bearing intercompany loan. Ucore Rare Metals Inc. further announces that it has received subscription agreements pursuant to a concurrent CAD 2.8 million convertible debenture financing. Gareth Hatch, Chief Executive Officer of Innovation Metals, will join Ucore Rare Metals Inc. as Chief Technology Officer and will also continue to serve as Innovation Metals’ Chief Executive. The transaction is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the TSXV and the closing of the financing and issuance of the convertible debentures are also conditional on the closing of the acquisition. Management and the Boards of Directors of both Ucore Rare Metals Inc. and Innovation Metals unanimously support the acquisition. The transaction is expected to close on or before May 8, 2020. Klein Farber Corporate Finance Inc. acted as a financial advisor for Ucore Rare Metals Inc. Klein Farber Corporate Finance Inc. received a flat fee from Ucore Rare Metals Inc. that was paid in cash. Geoff Clarke of Miltom Management LP acted as legal advisor to Ucore Rare Metals. Clark Wilson LLP acted as legal advisor to the sellers.
Ucore Rare Metals Inc. (TSXV:UCU) completed the acquisition of Innovation Metals Corp. on May 11, 2020. The consideration was paid on May 8, 2020. On May 11, 2020, Gareth Hatch joined Ucore as its new Chief Technology Officer. Ucore’s Board of Directors also approved adding Gareth Hatch as a member of Ucore’s Board. The transaction has been approved by the TSX Venture Exchange. On May 7, 2020, Ucore received the TSXV’s conditional approval regarding the financing.