CA Market News
3週前
Ucore Advances NRCan CMRDD Program and Hosts Ottawa DignitariesJune 1, 2026 8:08 AM
NewsfileHalifax, Nova Scotia--(Newsfile Corp. - June 1, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce a significant step forward in Canada's critical minerals strategy, having hosted senior officials from Natural Resources Canada ("NRCan") and other Government of Canada departments at its Commercialization and Demonstration Facility ("CDF") in Kingston, Ontario, on May 14, 2026. The high-level visit focused on Ucore's progress under Natural Resources Canada's Critical Minerals Research, Development and Demonstration ("CMRDD") program, and other federal initiatives to strengthen domestic rare earth element ("REE") supply chains. During the visit, Ucore showcased the Company's advancements in REE separation using its patent pending RapidSX™ technology. Funding from the CMRDD program is advancing the Technology Readiness Level ("TRL") of Ucore's RapidSX™ technology platform through the production of neodymium-praseodymium ("NdPr") and Samarium ("Sm") products at the CDF from tonnes of Canada-friendly feedstock sources. Figure 1 - Officials from The Government of Canada and NRCan at Ucore's CDFTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1119/299616_1aab133134930adc_002full.jpgDiscussions also explored the implementation of new policies supporting Canadian critical mineral independence and the standing up of the recently established $2 billion Critical Minerals Sovereign Fund. Mike Schrider, P.E., Ucore's Vice President & Chief Operating Officer, emphasized the growing momentum behind the Company's Canadian operations: "Our Kingston team has made demonstrable progress under the NRCan CMRDD program, continuing to prove the efficacy of RapidSX™ as a commercial-ready solution for the separation of both heavy and light rare earth elements. Hosting NRCan and other senior officials at our facility allowed us to show, firsthand, how we are turning policy into practice." Dr. Ahmad Hussein, Head of External Affairs and Ucore's Advisory Board Member, highlighted the technical and strategic alignment with federal priorities: "The visit confirmed that Ucore's work directly supports Canada's mandate to build secure, sustainable rare earth supply chains. Our progress in REE processing at the Kingston facility demonstrates the viability of on-shore separation. We are actively reviewing how the $2 billion Critical Minerals Sovereign Fund and new policy frameworks can be leveraged to scale our operations, reduce foreign dependency, and deliver long-term value for Canadian industry." The RapidSX™ Commercialization and Demonstration Facility is the centerpiece of Ucore's Canadian strategy, positioning the Company as a key enabler of North American rare earth production. Ucore continues to work closely with federal partners to advance towards full commercial deployment in Canada. .# # # About Ucore Rare Metals Inc. Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-inclass metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled BokanDotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan"). Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF." For further information, please visit www.ucore.com. Forward-Looking Statements This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements. Regarding the disclosure in the press release above about government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q1-2026 (filed on SEDAR+ on May 29, 2026) (www.sedarplus.ca) as well as the risks described below. Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as supply chain participants for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; unexpected cost overruns; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions. Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release. CONTACTS Mr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214. For additional information, please contact:
Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
1.902.482.5214
mark@ucore.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299616 Original: Ucore Advances NRCan CMRDD Program and Hosts Ottawa Dignitaries
CA Market News
3週前
Ucore Engineering Report Drives Optimized Commercial Deployment Plan for Louisiana Strategic Metals ComplexMay 28, 2026 9:01 AM
NewsfileOrbital Engineering, Inc.'s Louisiana SMC report supports:a three production-line RapidSX™ configuration targeted to process up to ˜9,000 tpa of TREO contained in qualified rare earth feedstocks, eliminating the fourth production line as originally considered.the production of a full rare earth product suite, including NdPr, Pr, Nd, Sm, Gd, Tb and Dy, noted by the U.S. DoW as most crucial under their Defense Production Act and IBAS Programs.incorporating the principles of lean manufacturing with fewer parallel production lines, yielding fewer individual column stages, resulting in reduced maintenance points, less operator time, and other operating cost efficiencies, yet with similar processing throughput.the creation of an additional ˜600 tpa TREO capacity, multi-purpose RapidSX™ Machine "A" to be constructed first under the DoW Phase 2 Project, allowing for broader product flexibility, production line integration, and simplified execution.Halifax, Nova Scotia--(Newsfile Corp. - May 28, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the results of a CAPEX and Capacity Engineering Report, dated May 27, 2026, prepared by the Company's engineering consortium and led by Orbital Engineering, Inc. ("Orbital"). This report reflects the efforts to move from the Company's Kingston, Ontario, Commercialization and Demonstration Facility ("CDF") to Production Line 1 at the Louisiana Strategic Metals Complex ("SMC"). Details include engineered capital expenditure ("CAPEX") and capacity projections for the initial standalone Machine A, and its planned integration into the first multi-machine RapidSX™ Production Line[1] ("Production Line 1") at the Louisiana SMC. Optimized Louisiana SMC ConfigurationAs a result of efficiencies identified through engineering, demonstration, and scale-up work testing, Ucore is designing the Louisiana SMC to consist of the initial ˜600 tonnes per annum ("tpa") total rare earth oxide ("TREO") Machine A plus three RapidSX™ Production Lines (or "Trains"), each capable of processing up to ˜3,000 tpa of TREO. This optimized configuration reduces the planned number of production lines from four to three, while targeting an overall Louisiana SMC throughput capacity of ˜9,600 tpa of TREO. This configuration better balances capital intensity, reliability, maintainability, commercial flexibility, and operating cost per unit of production.Each machine will use optimized RapidSX™ columns and supporting equipment throughout, increasing upfront capital costs but improving long-term operating economics by reducing the number of parallel processing lines, individual columns, pumps, valves, instruments, and maintenance points, and lowering operator time per unit of production."After approximately 6,500+ run-time hours in Ucore's RapidSX™ Commercialization and Demonstration Facility, our engineering team has developed a commercial configuration that is expected to lower unit operating costs and improve reliability over the life of the plant with expanded initial investment," stated Pat Ryan, P.Eng., Chairman and CEO of Ucore. "This is an important evolution in the Louisiana SMC plan. We are moving from a lowest initial build-cost concept toward a more robust commercial operating configuration designed for higher throughput per production line, fewer production lines, fewer maintenance points, and better long-term operating performance."Mike Schrider, P.E., Vice President and Chief Operating Officer of Ucore, commented: "The engineering objective has been to translate RapidSX™ demonstration work into a commercial configuration that is practical to build, practical to operate, and scalable for North American rare earth supply chain requirements. The optimized design is intended to reduce process complexity while retaining Ucore's ability to process qualified feedstocks from multiple independent rare earth sources."Pending construction completion, commissioning, qualification, and receipt of all required funding and permits, Ucore's Louisiana SMC shall be capable of accepting mixed rare earth carbonate ("MREC") and mixed rare earth oxide ("MREO") from Western-friendly feedstock sources and processing up to ˜9,600 tpa of contained TREOs. The SMC is designed to take advantage of the inherent flexibility and modularity of the RapidSX™ technical platform and capable of producing NdPr, Pr, Nd, Sm, Gd, SmEuGd ("SEG"), Tb, Dy, rare earth oxide products, and intermediates.Enhancements to Standalone Machine AThe first RapidSX™ machine to be deployed in Louisiana, Machine A, is to be partially funded through the Company's previously announced US$18.4 million funding agreement with the US Department of War (see Ucore Press Release dated July 14, 2025). Originally contemplated as a single machine with 64 RapidSX™ stages and designed to replicate the 'any split' methodology demonstrated at the CDF through intermediate product storage and machine reuse, the now enhanced Machine A will consist of ˜118 RapidSX™ stages. This will allow for the direct production of neodymium-praseodymium ("NdPr") from conventional MREC or MREO feedstocks, as well as praseodymium ("Pr"), neodymium ("Nd"), samarium ("Sm"), gadolinium ("Gd"), terbium ("Tb"), and/or dysprosium ("Dy") from select partial MREC product groups without the use of interim product holding tanks for successive separations. This important strategic adjustment was in direct response to feedback from North American defense contractors regarding their urgent need to secure Western sources of these critical oxides.Combining Machine A with Production Line #1Upon successful operation and completion of gating items associated with Machine A, the Company intends to construct RapidSX™ Machines #1 and #2 of Production Line 1, dedicated to processing up to 3,000 tpa of TREO to produce an NdPr product. At the same time, Machine A will have the ability to work independently or attach to the back end of Production Line 1 to produce a SEG[2] product, while subsequent Production Lines 2 and 3 will be installed to eventually broaden the SMC's multi-product suite of offerings.Planned Production Scale-UpUcore's Louisiana SMC facility scale-up is proceeding under a defined execution plan:Deployment stepScope
ProductsEnhanced Machine AThe first RapidSX™ commercial machine capable of up to ˜600 tpa TREO of bespoke processingNdPr at an estimated throughput of ˜600 tpa TREO, with the ability to also produce Pr, Nd, Sm, Gd, Tb, and/or Dy, depending on feedstock and sub-products availabilityProduction Line 1Two RapidSX™ machines of ˜3,000 tpa TREO throughputNdPr production with the remaining products feeding Production Line 2Enhanced Machine A - IntegrationMachine A can be integrated into Production Line 1 Capable of producing a SEG product sub-groupProduction Line 2Five RapidSX™ machines ˜3,000 tpa TREO throughputNdPr, Tb, Dy, and SEG. Machines #3, #4 and #5 will be sized to accept intermediate streams from Production Lines 1 and 3Production Line 3Two RapidSX™ machines ˜3,000 tpa TREO throughputNdPr production with the remaining products feeding Production Line 2 Engineered Capital Cost EstimatesOrbital's engineered capital cost estimate for the Enhanced Machine A and Production Line 1 is as follows:Item
Engineered Capital Cost EstimateEnhanced Machine A
US$60MProduction Line 1US$44MOxide Production and PackagingUS$31MMachine A and Production Line 1 - Cumulative CostUS$135M The updated capital plan reflects the Company's move from a lower initial build-cost configuration to a more robust configuration designed to lower long-term unit operating costs, improve process reliability, and increase maintainability as the Louisiana SMC scales toward commercial operations. The updated estimates also reflect inflation and market-cost escalation since the prior pre-engineering estimates, as well as the expansion of commercial-scale oxide production and packaging equipment with more substantive supporting infrastructure and higher-capacity systems.As mentioned above, the US$60 million estimated capital cost of Enhanced Machine A will be partially funded by the previously announced US$18.4 million funding agreement with the US Department of War. The amounts in the table above do not include the cost of the first-fill of prospective feedstocks. The estimated timeline for completing the installation, testing, and commissioning of Machine A remains H1-2027.Rare Earth Market ConditionsMarket prices for rare earth oxides sold outside of China continue to reflect constrained Western supply chains and strong demand for critical magnet materials. According to Benchmark Mineral Intelligence's Rare Earths Price Assessment (30th April 2026), selected rare earth oxide prices were as follows:ProductChina priceIndicative ex-China priceNdPr oxideUS$116 / kgUS$119 / kgTb oxideUS$890 / kgUpwards of 5x DDP ChinaDy oxideUS$200 / kgUpwards of 7x DDP China The markets for samarium and gadolinium remain more opaque, with fewer published data points available. However, the Company's trading partners have anecdotally observed samarium and gadolinium each trading outside of China at more than US$300 per kg. The Company cautions that these indicative and anecdotal pricing observations may not be representative of realized sales prices, which will depend on product specification, jurisdiction, customer qualification, contract terms, volume, delivery timing, and other commercial factors.Canadian SMC UpdateThe Company remains engaged with Canadian federal government officials regarding the Company's proposed Canadian rare earth processing facility and the conditional funding package of up to C$36.3 million announced by Ucore on October 31, 2025. Ucore looks forward to providing further details to stakeholders as they become available in the coming months.About Ucore Rare Metals Inc.Ucore is advancing North American rare earth separation and refining through its Louisiana Strategic Metals Complex and the commercialization of its RapidSX™ separation technology. Ucore's vision is to become a leading advanced technology company providing metal separation products and services to the mining and mineral extraction industry.Through strategic partnerships, Ucore's plan includes the development of a heavy and light rare earth processing facility in the United States, subsequent Strategic Metals Complexes in Canada and Alaska, and the longer-term development of Ucore's 100%-controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA.Ucore is listed on the TSX Venture Exchange under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."Forward-Looking StatementsThis press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws. All statements in this release, other than statements of historical fact, that address future business development, technological development, engineering, procurement, construction, commissioning, commercial production, operating costs, capital costs, project timelines, throughput, product mix, feedstock processing, government funding, customer qualification, offtake, market prices, or other future events or developments are forward-looking statements. Forward-looking statements in this release includes, without limitation, statements regarding: the design, configuration and development of the Louisiana SMC; the expected number of RapidSX™ production lines and machines; expected throughput of 9,600 tonnes per annum of TREO; expected production of NdPr, Nd, Pr, Sm, Gd, Tb, and Dy; the expected sequencing and timing of t Machine A, Production Line 1, Production Line 2, and Production Line 3; estimated capital costs for Machine A and Production Line 1 and related infrastructure; expected operating characteristics, including potential reductions in unit operating costs and improvements in reliability; targeted milestones for engineering, construction, commissioning and commercial production; availability and sourcing of feedstock; customer engagement and potential product demand; rare earth market conditions and pricing; and the potential receipt of government funding and other financing..Forward-looking statements are based on a number of material assumptions, including, without limitation: the successful completion and accuracy of baseline, front-end-engineering design and detailed engineering studies; the ability to complete further engineering, procurement, and construction activities as currently contemplated; the availability, cost, and timely delivery of equipment, materials, utilities, labour and construction services; the Company's ability to secure sufficient financing on acceptable terms; the receipt and timing of all required permits and approvals; the successful scale-up and commercial deployment of RapidSX™ technology from demonstration to commercial operation; the availability of qualified feedstock from third-party suppliers; successful customer qualification and offtake discussions; continued support from governmental partners; and general economic, market, and industry conditions, including assumptions regarding rare earth oxide prices, which are subject to significant volatility.. Forward-looking information relating to capital cost estimates and project design is based on a baseline engineering report and remains subject to refinement through further engineering and project development. Such estimates may not be directly comparable to previously disclosed estimates, which were prepared at an earlier stage of project development and may have included different scope elements, assumptions, or cost categories, including feedstock, working capital, or other non-capital items.In addition, statements regarding expected operating efficiencies, cost reductions, reliability, and commercial performance are based on current engineering assumptions and preliminary analyses and are subject to validation through commissioning and commercial operations. There can be no assurance that such expectations will be achieved in whole or in part.Although the Company believes that the assumptions underlying the forward-looking information are reasonable, there can be no assurance that such assumptions will prove to be accurate or that the anticipated results, performance, or achievements will be realized. Actual results may differ materially from those expressed or implied by the forward-looking information.Factors that could cause actual results to differ materially include, without limitation: risks associated with the development, scale-up, and commercialization of new or unproven technologies; the risk that RapidSX™ may not perform at commercial scale as expected; engineering design changes; inaccuracies in capital or operating cost estimates; cost escalation due to inflation, supply chain disruption, or market conditions; delays or failures in procurement, construction, or commissioning; the inability to obtain or maintain required permits, approvals, or regulatory authorizations; challenges in securing adequate financing; adverse capital market conditions; variability in feedstock supply, quality, or pricing; failure to secure or maintain commercial relationships, customer qualification, or offtake arrangements; fluctuations and uncertainty in rare earth oxide prices and demand; the risk that indicative or quoted market prices, including for ex-China markets, may not be realized; operational risks once in production, including equipment failures or lower-than-expected recoveries; geopolitical risk; changes in applicable laws or regulations; environmental or permitting challenges; loss of key personnel; and general economic, business, or competitive conditions.Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update forward-looking statements except as required by applicable securities laws.Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.ContactsMr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214. For additional information, please contact:Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
1.902.482.5214
mark@ucore.com[1] A RapidSX™ Production line is a series of RapidSX™ Machines (each machine conducts a specific solvent extraction chemistry split) working together to produce multiple separated products. [2] Samarium, Europium and Gadolinium.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299208 Original: Ucore Engineering Report Drives Optimized Commercial Deployment Plan for Louisiana Strategic Metals Complex
CA Market News
2月前
Ucore Rare Metals Grants Incentive Stock OptionsApril 27, 2026 3:30 PM
NewsfileHalifax, Nova Scotia--(Newsfile Corp. - April 27, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") advises that an aggregate of 2,775,000 options have been granted to directors, officers, employees and consultants of the Company, subject to the approval of the TSX Venture Exchange. The options are exercisable into common shares at a price of $5.33 per share and the options expire five years from April 27, 2026, the date of grant. One third of the options will vest after six months, with one third vesting every six months thereafter until fully vested.# # #About Ucore Rare Metals Inc.Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan").Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."For further information, please visit www.ucore.com.Forward-Looking StatementsThis press release includes certain statements that may be deemed "forward-looking statements". All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q4-2025 (filed on SEDAR+ on March 18, 2026) (www.sedarplus.ca) as well as the risks described below. Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions. Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.CONTACTSMr. Peter Manuel, Ucore Vice President and Chief Financial Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214. For additional information, please contact:Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
1.902.482.5214
mark@ucore.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/294386
Original: Ucore Rare Metals Grants Incentive Stock Options
CA Market News
2月前
Ucore Receives a Crucial DPAS-Rated Long Lead Equipment Component at the Louisiana SMCApril 16, 2026 9:29 AM
NewsfileHalifax, Nova Scotia--(Newsfile Corp. - April 16, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the arrival of a crucial piece of long-lead-time equipment at its Louisiana Strategic Metals Complex ("LA-SMC") in Alexandria, LA. The equipment was procured under the Company's US$22.4 million modified funding agreement with the US Army Contracting Command-Orlando and associated Defense Priorities & Allocations System ("DPAS") Rating. The equipment is a GMM Pfaudler US Inc. 4,000-gallon jacketed glass-lined reactor designed to leach a wide variety of planned Western mixed rare earth oxides ("MREO") and mixed rare earth carbonates ("MREC") to be received at the LA-SMC.Figure 1 - A 4,000 Gallon Pfaulder Leaching Reactor Arriving at the Louisiana SMCTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1119/292865_aaf53998745cbbf4_001full.jpgUcore presented its DPAS DO-B8 rating in a September 19, 2025, news release and noted that a DPAS rating imposes legal obligations on equipment suppliers, requiring that fulfillment of any LA-SMC order be given preferential treatment over unrated orders to meet national defense and emergency preparedness requirements. The offloading and placement of the Reactor within the LA-SMC was successfully coordinated by Ucore's selected LA-SMC construction management contractor, Ratcliff Construction of Alexandria, LA. A section of the end wall was removed and replaced to facilitate the placement of the reactor within the building."The arrival of this major piece of equipment is a significant milestone for the Ucore Team as we stay laser-focused on establishing commercial rare earth processing in Louisiana," stated Mike Schrider, P.E., Ucore Vice President and Chief Operating Officer. "Ucore is conducting a coordinated knowledge transfer of its RapidSX™ technology platform and ancillary processing systems from its Commercialization and Demonstration Facility [CDF] in Kingston, Ontario, to the LA-SMC. This effort will continue throughout 2026, with the installation of one RapidSX™ Machine scheduled for commissioning and product qualification trials in H1-2027."Coordinated CDF to LA-SMC activities include:Anticipated LA-SMC feedstock testing and separation trials at the CDFFactory Acceptance Testing ("FAT") of the RapidSX™ Commercial Scale Equipment Platform at the CDFLA-SMC Engineering, Procurement, and Construction ("EPC") personnel familiarization, design, procurement, construction, and/or testing of the CDF equipment and processesLA-SMC personnel training at the CDF# # #About Ucore Rare Metals Inc.Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan").Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."For further information, please visit www.ucore.com.Forward-Looking StatementsThis press release includes certain statements that may be deemed "forward-looking statements". All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.Regarding the disclosure in the press release above about government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q4-2025 (filed on SEDAR+ on March 18, 2026) (www.sedarplus.ca) as well as the risks described below. Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions. Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.CONTACTSMr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214. For additional information, please contact:Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
1.902.482.5214
mark@ucore.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/292865
Original: Ucore Receives a Crucial DPAS-Rated Long Lead Equipment Component at the Louisiana SMC
CA Market News
2月前
Ucore Updates Mineral Resource Estimate and Technical Report for Bokan Dotson-Ridge Rare Earth PropertyApril 14, 2026 9:11 AM
NewsfileHalifax, Nova Scotia--(Newsfile Corp. - April 14, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the completion of an upgraded mineral resource estimate ("Resource" or "Mineral Resource") for the Bokan Dotson-Ridge rare earth element project in Southeast Alaska ("Bokan"), together with the associated Technical Report (the "Technical Report"). The Technical Report has been prepared in accordance with both National Instrument 43-101 and SEC Regulation S-K 1300. The effective date of both the mineral resource estimate and the technical report is April 9, 2026.A summary of the upgraded mineral resource estimate is as follows:
Measured Mineral Resource Estimate, Assuming TREO cut-off of 0.4%CLASSIFICATIONTONNESLREO
(%)HREO
(%)TREO
(%)Contained
TREO
(TONNES)Measured801,6000.380.220.604,826Indicated3,369,8000.350.230.5819,545Inferred980,3000.340.220.575,568 Notes:Total Rare Earth Oxides (TREO) includes: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3 Heavy Rare Earth Oxides (HREO) includes: Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3 The mineral resource estimate was completed by Mr. Jim Robinson, a Senior Consulting Geologist at Aurora Geosciences (Alaska) Ltd. ("Aurora"). Mr. Robinson is an independent qualified person for the purposes of NI 43-101 standards of disclosure for mineral projects of the Canadian Securities Administrators and has reviewed and verified the technical and scientific content disclosed in this release. A Technical Report with the updated Mineral Resource estimate will be filed on SEDAR+ within 45 days.The resource estimate is based on: A database of 97 diamond drill holes totaling 20,000 m and 85 surface channels totaling 280 m. This diamond drilling and channel sampling was completed by Ucore in 2008, 2009, 2010, 2011, 2014, and 2022 on the Dotson Ridge zone.All geochemical analyses were performed by ALS Chemex, Eco-tech Laboratories Ltd., Bureau Veritas (ACME Analytical), and Activation Laboratories.The specific gravity ("SG") used is the overall mean of 2.77, determined from 309 SG readings. Block model was estimated by the Inverse Distance Squared interpolation method on blocks of maximum 4 m x 4 m and minimum 1 m x 1 m dimensions. All rare earth element ("REE") assays exceeding the 95% confidence level ("CL") were cut to the 95% CL for each element. All intercepts with a true width of less than 1.5 m were diluted to a potential mining width of 1.5 m."While the Company's focus remains squarely on the deployment of RapidSXTM rare earth refining technology in our Louisiana SMC, the Bokan Dotson-Ridge property remains an important asset as the United States develops an independent rare earth supply chain," said Pat Ryan, Chairman and CEO of Ucore. "Critical minerals are not just commodities but are strategic national security inputs. As demand for rare earth elements continues to grow, the importance of this supply chain will only increase."Rare earth grades by individual light rare earth oxide at the 0.4% cut-off are as follows:CLASSLa2O3
(%)Ce2O3
(%)Pr2O3
(%)Nd2O3
(%)Sm2O3
(%)MEASURED0.070.180.020.0860.022INDICATED0.070.160.020.0800.021INFERRED0.070.160.020.0790.021 Rare earth grades by individual heavy rare earth oxide at the 0.4% cut-off are as follows:CLASSEu2O3
(%)Gd2O3
(%)Tb2O3
(%)Dy2O3
(%)Ho2O3
(%)Er2O3
(%)Tm2O3
(%)Yb2O3
(%)Lu2O3
(%)Y2O3
(%)MEASURED0.0020.0220.0040.0240.0050.0120.0020.0090.0010.142INDICATED0.0020.0220.0040.0250.0050.0130.0020.0090.0010.149INFERRED0.0020.0220.0040.0240.0050.0130.0020.0090.0010.144 An additional 801,600 tonnes of newly estimated Measured mineralization grading 0.60% of total rare earths ("TREO") at a cut-off grade of 0.40% TREO has now been added to the total Resource at Bokan, which is a result of a surface channel sampling program carried out on the property in the summer of 2022. After the sampling program was completed, a new deposit model was constructed and a new mineral resource was calculated.The Company is additionally pleased to report that Bokan has an anomalous skew towards the more valuable heavy rare earths ("HREO") and this appears to be consistent across the entire deposit at 35-40% of the TREO. The Resource remains open both at depth and along strike. The upgraded Resource has been prepared by Aurora. As a third-party consultant, Aurora was additionally responsible for the data collection, quality control, modeling, and reporting associated with the Resource estimate upgrade.In keeping with the initial mine design set out by Stantec Inc. of Tempe, AZ, ("Stantec"; released April 18, 2012), the upgraded Mineral Resource excludes the I&L Zone (previously included in the initial resource estimate released by the Company March 7, 2011). On the recommendation of Stantec, I&L mineralization, located outside of the primary Dotson Zone of mineralization, will be examined as part of a prospective Phase II mine expansion program.The drill-defined Mineral Resource at Bokan Dotson-Ridge commences at surface and is open both at depth and along strike. Additional information regarding significant drill results from the Company's prior exploration programs and maps and sections detailing the drill-hole locations and individual REE values are available at: www.ucore.com.# # #About Ucore Rare Metals Inc.Ucore is focused on rare-earth and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan").Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."For further information, please visit www.ucore.com.Forward-Looking StatementsThis press release includes certain statements that may be deemed "forward-looking statements". All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.Regarding the disclosure in the press release above about Ucore's plan to file a Technical Report on SEDAR+ within 45 days, the Company has assumed that the Technical Report and the accompanying certificates and consents required under Part 8 of NI 43-101 will be filed in the short term. For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q4-2025 (filed on SEDAR+ on March 18, 2026) (www.sedarplus.ca) as well as the risks described below. Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the Kingston CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.Regarding the mineral resource estimate reported in this news release, there are several risks or factors which may affect the reported resource. These include but are not limited to:changing economic factors such as metal prices, and mining, shipping, fuel, electrical, and other costs, changes to which could make some or all of the deposit uneconomic to mine, decreasing the resource, or could cause more of the deposit to become economic to mine, thereby adding to the resource;new knowledge of the deposit geometry and metal distribution derived from further exploration or mining development;changes to the permitting regime, rules, and regulations which could make it more efficient and cost effective to permit a mine, or make it not feasible to do so;and government, aboriginal, community and NGO issues which could make the deposit more or less amenable to development and mineral extraction.Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.CONTACTSQualified Person: James Robinson, P.Geo., and independent geologist from Aurora Geosciences (Alaska) Ltd., has prepared the technical data provided in this news release, is the qualified person responsible for its accuracy, and may be contacted at 1.902.482.5214. For additional information, please contact:Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
1.902.482.5214
mark@ucore.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/292398
Original: Ucore Updates Mineral Resource Estimate and Technical Report for Bokan Dotson-Ridge Rare Earth Property
CA Market News
3月前
Ucore and Vulcan Elements Join Forces to Build Domestic Rare Earth Magnet Supply Chain for Defense and Commercial ApplicationsMarch 24, 2026 9:08 AM
NewsfileUcore highlights:Ucore and Vulcan Elements executed a Memorandum of Understanding to build a domestic, secure rare earth magnet supply chain for defense and commercial applications.Ucore will provide initial NdPr and Dy oxide samples to Vulcan this year, leading to a long-term commercial supply agreement beginning in 2027.Together, Ucore and Vulcan Elements are onshoring an integrated rare earth magnet supply chain. Ucore's Louisiana Strategic Metals Complex will directly feed Vulcan's North Carolina manufacturing facilities.Vulcan announced a $1.4 billion partnership with the United States Government to build the largest rare earth magnet factory in the world outside of China, with 10,000 metric tonnes of magnet manufacturing capacity.Halifax, Nova Scotia--(Newsfile Corp. - March 24, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the execution of a Memorandum of Understanding dated March 16, 2026 with Vulcan Elements Inc. ("Vulcan") to collaborate on the development of a domestic rare earth magnet supply chain for defense and commercial applications. Under the agreement, the parties intend to finalize a full commercial supply partnership whereby Ucore would supply Vulcan with NdPr oxide and Dy oxides at commercial scale beginning in 2027. The collaboration aligns Ucore's demonstrated separation platform at its Commercial Demonstration Facility ("CDF") in Kingston, Ontario, and its planned Louisiana Strategic Metals Complex ("SMC") in Alexandria, Louisiana, with a leading American magnet manufacturer. Vulcan currently operates a commercial magnet manufacturing facility in Durham, North Carolina, and is expanding to a 10,000 tonne magnet manufacturing facility in Benson, North Carolina. The facility is enabled by a $1.4 billion partnership with the United States Government, including the Department of War and the Department of Commerce. In May 2025, Ucore announced an $18.4 million Award by the Department of War to develop its rare earth processing capabilities in Louisiana. Ucore intends to make a portion of its planned Louisiana SMC capacity available to Vulcan beginning in 2027. The collaboration would create a direct commercial bridge from Ucore's demonstration-scale separation work in Kingston to commercial-scale production in Louisiana, while supporting Vulcan's manufacturing in North Carolina. Pat Ryan, P.Eng., Chairman & Chief Executive Officer of Ucore, stated:
"Vulcan is building exactly the kind of downstream magnet platform that the United States needs, and this partnership creates a winning commercial partnership that aligns Ucore's separation capability with an industry-leading U.S. manufacturer. Our collaboration will anchor a resilient allied rare earth magnet supply chain in the United States." John Maslin, Chief Executive Officer of Vulcan Elements, commented:
"Since its inception, Vulcan Elements' mission has been to build a domestic rare earth magnet supply chain that can propel America into the 21st century and enable the next era of innovation and national security. Vulcan's partnership with Ucore is a milestone for both companies, and for the United States of America. Together, we're rebuilding a core industry that is critical for economic growth and national security." This year, Ucore and Vulcan intend to advance initial production, testing protocols, purity targets, acceptance criteria, and other technical specifications in support of Vulcan's magnet manufacturing capability-leading to a longer-term commercial supply agreement. #About Ucore Rare Metals Inc.Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan").Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."For further information, please visit www.ucore.com.About Vulcan ElementsVulcan Elements manufactures sintered permanent neodymium iron boron (NdFeB) magnets in the United States for critical defense and commercial applications. NdFeB magnets convert electricity into motion. They are essential components in almost every advanced machine and electronic device-from AI data centers and semiconductor fabrication equipment to satellites, drones, robotics, electric motors, and virtually all military platforms. Vulcan remains committed to advancing technological innovations, galvanizing America's manufacturing workforce, and collaborating with both public and private sector stakeholders to strengthen the domestic rare earth magnet supply chain.For further information, please visit www.vulcanelements.com Forward-Looking StatementsThis press release includes certain statements that may be deemed "forward-looking statements". All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.Regarding the disclosure in the press release above about government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q4-2025 (filed on SEDAR+ on May 18, 2025) (www.sedarplus.ca) as well as the risks described below. Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions. Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.CONTACTSUcore:Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
1.902.482.5214
mark@ucore.comVulcan Elements:Jonah Glick-Unterman
Chief of Staff
Vulcan Elements
Jonah@vulcanelements.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/289691
Original: Ucore and Vulcan Elements Join Forces to Build Domestic Rare Earth Magnet Supply Chain for Defense and Commercial Applications
12yearplan
3月前
Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Marks Key Federal Milestone for RapidSX Platform
March 10, 2026
Disseminated on behalf of Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) and may include paid advertising.
Submission of report completes phase 1 of Ucore’s contract with the U.S. Department of Defense to demonstrate the technical capabilities of its RapidSX rare earth separation platform.
The DoD has identified rare earth processing as a strategic priority under its industrial base strengthening initiatives.
RapidSX combines aspects of conventional solvent extraction with modern column-based design to enable faster throughput, reduced footprint and potentially lower capital and operating costs.
Submitting a final technical report to a federal partner is more than a procedural step; it signals measurable progress in translating advanced technology into national supply chain capability. Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) recently announced that it has submitted its final phase 1 report to the U.S. Department of Defense [DoD] under its RapidSX(TM) rare earth processing project, marking a significant milestone in the company’s effort to commercialize its separation technology and support domestic rare earth independence.
“Breaking the Chinese advantages of state-backed processing capacity requires a 21st-century approach with digital manufacturing savvy and a reasonable deployment of capital,” said Ucore chair and CEO Pat Ryan, P.Eng. “The completion of the phase I report for the [Department of War] under our OTA and a path to commercialization with phase 2 financial support clearly shows processing independence has become a national security priority for the U.S. administration worthy of sustained investment.”
According to the company, the submission completes phase 1 of Ucore’s contract with the U.S. Department of Defense to demonstrate the technical capabilities of its RapidSX rare earth separation platform. The work has been conducted at Ucore’s RapidSX Commercialization and Demonstration Facility in Kingston, Ontario, which is designed to validate the scalability and efficiency of the company’s proprietary solvent extraction process. The completion of phase 1 positions Ucore to advance into subsequent stages of federal-supported development, subject to continued evaluation and funding decisions.
The importance of this milestone may be best understood within the broader context of rare earth supply chain vulnerabilities. The U.S. Geological Survey has reported that the United States remains significantly dependent on imports for rare earth elements, with China historically dominating global rare earth processing capacity. Rare earth elements are critical inputs for defense systems, electric vehicles, wind turbines, advanced electronics and other high-tech applications. The DoD has identified rare earth processing as a strategic priority under its industrial base strengthening initiatives, reflecting national security concerns about concentrated global supply chains.
Ucore’s RapidSX platform is designed to address this processing bottleneck. Traditional solvent extraction methods used to separate rare earth elements are capital intensive and often require large-scale facilities with complex multistage mixer-settler systems. According to Ucore, RapidSX combines aspects of conventional solvent extraction with modern column-based design to enable faster throughput, reduced footprint and potentially lower capital and operating costs. The company states that RapidSX aims to deliver separation performance comparable to traditional solvent extraction while offering a more modular and scalable solution.
In addition, RapidSX is engineered to separate individual rare earth oxides efficiently from mixed rare earth concentrates, a critical step in transforming mined material into usable end products. Rare earth processing involves the precise separation of chemically similar elements, such as neodymium, praseodymium, dysprosium and terbium, which are essential for permanent magnets used in electric motors and defense technologies. By advancing RapidSX under a Department of Defense-supported program, Ucore is seeking to demonstrate that its platform can support the development of a North American rare earth processing supply chain.
The final phase 1 report submission indicates that Ucore has completed the defined technical objectives for this stage of the contract. While specific performance data were not disclosed, the company emphasized that the milestone reflects continued validation of the RapidSX system’s capabilities under government-supported testing protocols. The completion of phase 1 also reinforces the company’s progress toward commercialization and strengthens its credibility as a participant in federally supported critical minerals initiatives.
The company also reported on phase 2 of the agreement, which was executed last year, is currently underway, with 5 of 20 milestones completed to date. “Work under phase 2 of the agreement will culminate in the construction, commissioning and demonstration of one commercial-scale RapidSX machine at the company’s commercial processing facility in Alexandria, Louisiana,” the company stated. “Subsequent RapidSX machines installed in series will form the first stage of 2,500 tonnes per annum of total rare earth oxide processing for rare earth oxide production.”
Ucore’s broader strategy includes the development of its Louisiana Strategic Metals Complex, which the company envisions as a commercial rare earth processing facility in the United States. This facility is intended to utilize the RapidSX platform to process rare earth feedstock into separated oxides for domestic and allied customers. By pairing its technology development in Canada with planned processing operations in the United States, Ucore is positioning itself as a vertically integrated participant in the rare earth supply chain.
The submission of the final phase 1 report to the Department of Defense is therefore more than an administrative step. It represents tangible progress within a federally recognized effort to strengthen domestic processing capacity. In a sector where technological validation and government alignment are critical to attracting investment and advancing commercialization, meeting contractual milestones can play a decisive role in shaping future funding opportunities and partnership development.
As global competition for critical minerals intensifies and governments prioritize supply chain security, technologies capable of improving efficiency and scalability in rare earth processing will likely attract continued attention. Ucore’s RapidSX platform, now advancing beyond its initial DoD-supported phase, stands at the intersection of technological innovation and national strategic policy. The completion of phase 1 positions the company to continue demonstrating its role in building a more resilient North American rare earth supply chain, one milestone at a time.
For more information, visit www.Ucore.com.
CA Market News
3月前
Ucore Accelerates Commercial Planning for Samarium and Gadolinium Oxides as Defense Supply Chains Face Urgent ShortagesMarch 6, 2026 9:07 AM
NewsfileUcore highlights:Government-backed scale-up: Further to the Company's previously announced conditional approval for up to C$36.3 million from the Government of Canada, Ucore is advancing engineering and commercialization planning to scale a first-of-its-kind RapidSX™ commercial rare earth refining facility dedicated to samarium (Sm) and gadolinium (Gd).Midstream is the choke point: Rare earth processing and separation capacity is the most acute bottleneck in the mine-to-magnet chain and must be rebuilt on an urgent timeline to meet defense requirements. Canada's $6.6 billion Defence Industrial Strategy (Feb. 17) and the U.S. "Project Vault" plan to establish $12 billion in strategic reserves of critical minerals, reduces reliance on adversarial sources including Sm and Gd.Mission-critical demand: Fielded U.S. and allied weapon platforms including the F-35 fighter jet, precision-guided missile guidance and actuation systems, and long-range cruise missiles depend on samarium- and gadolinium-linked rare earth inputs where performance, reliability, and heat tolerance are mission-critical.Supply shock and qualification risk: Samarium and gadolinium availability is tightening into a defense-industrial base vulnerability. China's export licensing controls implemented in April 2025 on certain medium and heavy rare earth items continue to constrain Western defense and aerospace supply chains and complicate qualification of alternative sources.Procurement clock is accelerating: U.S. defense procurement requirements are tightening toward mine-to-magnet compliance by 2027, including DFARS restrictions that expand on January 1, 2027 to cover the entire supply chain for samarium-cobalt magnets, increasing urgency for qualified, Western-aligned Sm and Gd supply.Non-China technology pathway: RapidSX™ is being engineered to operate without reliance on China-sourced equipment or technology transfer which was banned by the State in October 2025, supporting defense qualification requirements.Halifax, Nova Scotia--(Newsfile Corp. - March 6, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") today provided an operational and commercialization update on its "Pathway to Samarium and Gadolinium Security" project (the "Project"), focused on dedicated production planning for samarium and gadolinium rare earth oxides for allied defense, aerospace, and strategic industrial supply chains. The Project is being advanced in parallel with Ucore's ongoing scale-up toward the Louisiana Strategic Metals Complex (SMC) in Alexandria.Samarium and gadolinium have experienced significant price hikes with outsized defense impact. Samarium is essential for high-performance samarium-cobalt (SmCo) permanent magnets used in mission-critical applications where coercivity and performance under temperature extremes are required, including guidance and control systems, radar and sonar systems, and other defense electronics. Gadolinium is included among the rare earths now subject to export licensing constraints and has also been identified as a priority material in recent U.S. defense supply chain actions.The supply chain context has sharpened further in 2026. On March 1, 2026, the U.S. Department of Defense requested proposals to increase domestic production of a list of critical minerals that includes both samarium and gadolinium. In parallel, U.S. defense procurement restrictions impacting covered magnets tighten materially on January 1, 2027, expanding to the full upstream supply chain for samarium-cobalt magnets. Together, these actions underscore a narrowing timeline for defense contractors to qualify secure, Western-aligned sources of Sm and Gd inputs.Operational update: RapidSX™ engineering and CDF testwork progressingUcore's engineering team is progressing commercial plans for dedicated production of Sm and Gd rare earth oxides. At the Kingston CDF, process flow sheets are being refined, contactor factory acceptance testing is underway to optimize the RapidSX™ computerized, column-based separation platform, and multiple feedstocks, including ionic clays, have been processed to evaluate separation behavior and chemical "splits" achieved between Sm and Gd as part of the production work-up.RapidSX™ was designed to operate without reliance on Chinese-sourced equipment or technology transfer. Ucore's approach is intended to support Western qualification requirements and to help rebuild North American midstream capacity, the separation and refining bottleneck that sits between mined or recovered rare earth feedstocks and downstream metallization and magnet production."Defense programs do not fail at the front end, they fail at the choke points," said Pat Ryan, Chairman and CEO of Ucore. "Samarium and gadolinium are exactly that kind of choke point. Contractors are being pushed to qualify non-covered-nation supply chains ahead of the 2027 compliance cliff, while Chinese export licensing remains a structural constraint. Ucore is advancing a dedicated Sm and Gd refining pathway to support allied readiness timelines."Since the company's public award of the Project at the G7 Economic Summit in October 2025, Ucore has seen rising inbound interest from defense and aerospace supply chain participants seeking qualification data, production timelines, and commercial structures that can support procurement and stockpile requirements.# # #About Ucore Rare Metals Inc.Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan").Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."For further information, please visit www.ucore.com.Forward-Looking StatementsThis press release includes certain statements that may be deemed "forward-looking statements". All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.Regarding the disclosure in the press release above about government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q3-2025 (filed on SEDAR+ on November 25, 2025) (www.sedarplus.ca) as well as the risks described below. Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions. Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.CONTACTSMr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214. For additional information, please contact:Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
1.902.482.5214
mark@ucore.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/286490
Original: Ucore Accelerates Commercial Planning for Samarium and Gadolinium Oxides as Defense Supply Chains Face Urgent Shortages
CA Market News
4月前
Recent Rare Earth Price Increases Continue to Enhance Ucore's Refining StrategyFebruary 23, 2026 10:02 AM
NewsfileHalifax, Nova Scotia--(Newsfile Corp. - February 23, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to comment on recent price increases for a number of rare earth elements, in addition to the significant bifurcation of pricing inside of China versus outside of pricing. On April 4, 2025, China imposed export controls on seven heavy rare earth elements— including dysprosium, terbium, samarium and gadolinium- with related oxides, metals, and permanent magnets. These restrictions, aimed at strengthening oversight of critical, dual-use materials, require exporters to obtain licenses, impacting global supply chains in electronics, defense, and EV industries and remain in place today. As a result, dysprosium oxide prices in China recently increased to over $200 per kg, with ex-China pricing more than 5 times that, at $1,000/kg. Terbium oxide has increased to $900/kg in China, with prices over $4,500 per kg outside of China. The significant price discrepancies for rare earths inside China versus the rest of the world are most pronounced for these heavy rare earths, reflecting the lack of supply of these critical materials. With respect to light rare earth oxides, praseodymium-Neodymium Oxide recently increased to the $120 per kg range in China and as high as $140 per kg in North America. "These price differentials, particularly for the heavy rare earth elements, on which the US Department of War (DoW) has funded Ucore to focus, underscore the importance of the developing North American supply chain," said Pat Ryan, Chairman and CEO of Ucore. "While markets remain dynamic, the emergence of premium pricing for secure, Western-aligned supply supports the long-term fundamentals underlying our commercial strategy. Capturing the margin upside with a first mover refining strategy centered on the Louisiana SMC at this early stage, is a smart approach."Ucore is advancing its RapidSX™ separation technology platform and planned commercial processing facilities in North America with a focus on both heavy (Terbium and Dysprosium) and light (Praseodymium-Neodymium) rare earths, as well as Samarium and Gadolinium, for with there is currently negligible supply outside of China. The Company's strategy targets the midstream processing and refining segment of the rare earth supply chain — a critical stage that has historically been concentrated in China.TSX-Venture 50The Company is further pleased to announce that it has been ranked second overall on the 2026 TSX Venture 50, the TSX Venture Exchange's annual ranking of the top-performing companies listed on the Exchange.The TSX Venture 50 recognizes the top 50 TSXV-listed companies based on three equally weighted performance metrics over the previous year: (i) one-year share price appreciation, (ii) market capitalization growth, and (iii) Canadian consolidated trading value. Ucore's second-place ranking was supported by a 1,109% increase in market capitalization, reflecting heightened investor recognition of the Company's progress in advancing rare earth separation and refining capacity in North America.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1119/284886_e44468d684b57958_001full.jpgOTCQX Best 50The OTCQX recently announced that Ucore ranked number 1 on its list of 50 top performing companies on the OTCQX Best Market based on 2025 total return and average daily dollar volume growth. Ucore's ranking on these platforms, supported by significantly increased trading activity and market capitalization growth, reflects enhanced liquidity that improves access, price discovery, and flexibility for our shareholders.# # #About Ucore Rare Metals Inc.Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan").Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."For further information, please visit www.ucore.com.Forward-Looking StatementsThis press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.Regarding the disclosure in the press release above about government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q3-2025 (filed on SEDAR+ on November 25, 2025) (www.sedarplus.ca) as well as the risks described below. Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions. Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.CONTACTSMr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214. For additional information, please contact:Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
1.902.482.5214
mark@ucore.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/284886
Original: Recent Rare Earth Price Increases Continue to Enhance Ucore's Refining Strategy
CA Market News
4月前
Ucore Continues to Advance Rare Earth Processing Supported by U.S. DoW with Final Phase 1 Report Submitted for RapidSX(TM) ProjectFebruary 17, 2026 10:19 AM
NewsfileHalifax, Nova Scotia--(Newsfile Corp. - February 17, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the submission of final reporting under Phase 1 of its Other Transaction Agreement ("OTA" or "Agreement") with the US Department of War (the "Project"). As outlined in the Agreement, the report was submitted to the US Army Contracting Command - Orlando and included both a Final Demonstration Report and a Final Techno-Economic Analysis ("TEA") detailing the work conducted at Ucore's RapidSX™ Commercialization and Demonstration Facility ("CDF"). The report addressed a number of items, including the following:Project objective and scope demonstrating a better approach to Chinese utilized conventional solvent extraction ("CSX"), including continuous improvement modifications to the RapidSX™ Demonstration Plant implemented during execution;The demonstrated results of RapidSX™ processing applying the time-proven chemistry of solvent extraction chemistry much more efficiently through the combination of reaching chemical equilibrium faster within a smaller physical equipment footprint;Results of processing tonnes of a real-world heavy mixed rare earth oxide ("MREO") feedstock with proprietary and patent-pending computerized RapidSX™ columns versus CSX mixer/settler units;Analysis of Project results for refining "heavy" rare earth as well as samarium and gadolinium, which are crucial to national defense, green energy, EVs, and emerging industries; andMilestones, Key Performance Metrics, Continuous Improvement of the Technical Approach, Lessons Learned, and Benefits to the US Government and Other Stakeholders.The primary results of the Final Report focused on comparing the Company's proprietary RapidSX™ technology platform with concurrent testing in a neighboring conventional solvent extraction pilot plant, also constructed by Ucore. CSX is the only technology currently being used at a significant commercial scale for the refining of rare earth elements. Separating individual elements, such as neodymium from praseodymium or dysprosium from terbium, requires sophisticated solvent-extraction chemical processes. As demonstrated through the work at the CDF, the modular RapidSX™ technology platform executed the solvent extraction chemistry with precision and flexibility.Phase 1 of the Project resulted in approximately 6,000 hours of run time on the Company's RapidSX™ Demonstration Plant in a simulated commercial production environment and the production of thousands of liters of PrNd, SmEuGd, Sm, Gd, Tb, and Dy chloride products - with additional small batch amounts of oxide products. There were over 10,000 points of recovery and purity comparisons with conventional SX, clearly demonstrating RapidSX™ technology's efficacy with respect to planned commercial operational parameters and the smart deployment of capital, enabled by its inherent scalability and modularity. Figure 1 - 3D Engineered Model of LA-SMC RapidSX™ Contactor
Factory Acceptance Testing Program - DoW Phase 2To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1119/284146_3c7d07646453db2f_001full.jpgPhase 2Phase 2 of the Agreement, which was executed in May of 2025, is currently underway, with 5 of 20 milestones completed to date. Work under Phase 2 of the Agreement will culminate in the construction, commissioning, and demonstration of one commercial-scale RapidSX™ machine at the Company's commercial processing facility in Alexandria, Louisiana - The Louisiana Strategic Metals Complex. Subsequent RapidSX™ machines installed in series will form the first stage of 2,500 tonnes per annum of total rare earth oxide ("TREO") processing for rare earth oxide production."Breaking the Chinese advantages of state-backed processing capacity requires a 21st century approach with digital manufacturing savvy and a reasonable deployment of capital," said Pat Ryan, P.Eng., Chairman and CEO of Ucore Rare Metals Inc. "The completion of the Phase I Report for the DoW under our OTA and a path to commercialization with Phase 2 financial support clearly shows processing independence has become a national security priority for the US Administration worthy of sustained investment."The Company anticipates releasing more detailed information on the Project's results and the Techno-Economic Assessment upon formal acceptance by the US Army Contracting Command - Orlando, which is expected in the coming weeks.# # #About Ucore Rare Metals Inc.Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan").Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."For further information, please visit www.ucore.com.Forward-Looking StatementsThis press release includes certain statements that may be deemed "forward-looking statements". All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.Regarding the disclosure in the press release above about government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q3-2025 (filed on SEDAR+ on November 25, 2025) (www.sedarplus.ca) as well as the risks described below. Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions. Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.CONTACTSMr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214. For additional information, please contact:Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
1.902.482.5214
mark@ucore.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/284146
Original: Ucore Continues to Advance Rare Earth Processing Supported by U.S. DoW with Final Phase 1 Report Submitted for RapidSX(TM) Project
12yearplan
4月前
Yeah, I was reading this morning on Stockhouse there may be a shortage of feed stock for Ucore because of shortages or difficulties with miners acquiring enough sulphuric or Hydrocloric acids. See if this works:
I have been banging on about the strategic risks to the Australian economy and mining that acid supply presents, and the lack of (sulphuric) acid supply caused by smelter closures in Kambalda and Mt Isa. The story for hydrochloric acid is even more tricky, with limited supply from three commercial chloride salt electrolysers in Australia and large barriers to entry for new participants, steep capital costs, complexity and energy supply barriers all preventing swift resolution (this side of government largesse). For the past ~18 months, as part of the Impact Minerals JV, I have been working on a process to treat the lake clays on the JV tenure, to produce sulphate of potash, and generate hydrochloric acid. To understand this thinking, one must consider the map, below. For a clay developer in Munglinup, HCl which is not produced in Kwinana (remember all of this is spoken for) must be imported; costs for imported HCl can be AUD$1,000/t delivered to Kalgoorlie. This must come through the congested port of Fremantle, which has capacity constraints. There is a strong unmet demand in WA in general for acid, and especially for HCl. Farmers struggle with dryland salinity and accumulation of chlorine in soils, caused in part by use of chloride-heavy fertiliser mixtures, which can limit cropping types and yields, and requires management of fertiliser mixes. Sulphate of Potash is not imported, but trials have demonstrated cost-benefit is strong for use of SOP versus MOP/MAP/DAP and AmSul blends. Manufacturers and blenders appear willing to pay the quoted AUD$800-1200/t for SOP. There is a strong unmet demand. If one could produce both of these products, in the Salmon Gums or Norseman area, then the logic is that one might meet the demands of those who cannot import or produce their own. The process as outlined in today's ASX announcement allows for a supply of critical and nationally strategic industrial chemicals and fertilisers at a time of increased global trade risks, demand for hydrometallurgy processing that cannot be met by placing gigantic industrial complexes in the bush 100km east of Esperance, and most importantly uses lake clays surplus to the needs of the HPA project. Whilst there is a long way to go, I hope that the thinking and strategy of this project is clear to those who understand that in order to produce a critical minerals mine, one needs to secure their reagents as much as tie up their products in MOU's. To secure one's supply of hydrochloric acid, one must come to the vendor of hen's teeth.
https://www.linkedin.com/posts/roland-gotthard-3ba59612_i-have-been-banging-on-about-the-strategic-activity-7425350489522872320-jrcQ?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAABd1SlQB0VRT5pobnt4jzGZk8iwqBQvQ4kM
diagram
40 10 Comments
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Eric Hill, graphic
Eric Hill 1d
I thought Australia imported 100% of its SOP requirements
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Stephan Kent, graphic
Stephan Kent 1d
Largest sulphuric acid plant in the Southern Hemisphere presumably sitting idle at Vale’s HPAL plant at the now mothballed Goro Ni laterite operation in New Caledonia…. Not sure how that might help Aust mining, but sometimes it’s an odd world we live in..
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Campbell Mackey, graphic
Campbell Mackey 1d
Interesting ideas - although if you want to talk to cockies, you need to move away from SI units to bags per acre. An even bigger crisis is the lack of onshore strategic liquid fuel reserves in Australia. Oh, and how are the power grids going?
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4 Reactions
Chris Shaw, graphic
Chris Shaw 1d
Love the thinking, love the process. I’ll be following this story very closely. Great work👏👏
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BOB WATCHORN, graphic
BOB WATCHORN 1d
Thinking along the lines of WMC in the 60-70s when they set up the production of critical mineral (liquids) when they processed Ni sulphides Kambalda ad Copper from Olympic Dam. I think they also did it with the alumina refinery. Need more of that thinking.
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James Cumming, graphic
James Cumming 1d
Your cartoon sketch needs to be drafted and used. Paints a great picture 👏
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Peter Schwann, graphic
Peter Schwann 1d
Smelter in Kalgoorlie.
https://www.linkedin.com/posts/roland-gotthard-3ba59612_i-have-been-banging-on-about-the-strategic-activity-7425350489522872320-jrcQ?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAABd1SlQB0VRT5pobnt4jzGZk8iwqBQvQ4kM
https://ceo.ca/ucu
In Ucore’s rare earth element (REE) separation process, the company does not appear to be fundamentally dependent on sulfuric acid leaching as part of its core RapidSX™ separation technology itself — at least based on the publicly available information.
Here’s a breakdown of why:
🔬 1. RapidSX™ Technology Focus – Solvent Extraction After Feedstock Preparation
Ucore’s RapidSX™ is a column-based solvent extraction (SX) technology for separating individual REEs from a leach solution (aqueous phase), and it uses the same basic chemistry as conventional SX processes but in a more efficient configuration. RapidSX™ mixes the aqueous (leached) solution with organic extractants to effect separation. (ucore.com)
RapidSX™ itself is a separation step that follows whatever leaching/dissolution has been done to bring REEs into solution — it’s not the initial acid dissolution step. (ucore.com)
🧪 2. Leaching / Pregnant Solution Stage
In most commercial rare earth processing flowsheets, the REE minerals in the ore or feedstock first must be dissolved into an aqueous solution (“pregnant leach solution” or PLS) before solvent extraction can be applied. Traditionally, this is done by leaching with strong acids — often sulfuric acid or hydrochloric acid depending on the ore type and chosen flowsheet. (ScienceDirect)
Ucore’s partnership with Metallium, for example, explicitly mentions exploring ways to convert feedstocks into chloride intermediates and bypass conventional acid-leach circuits — which implies that conventional acid leaching (often including sulfuric acid) is a typical baseline process Ucore is looking to improve upon. (ucore.com)
🧾 3. Does Ucore Use Sulfuric Acid?
Public Ucore materials on RapidSX™ and the company’s process don’t detail specific acid reagents like sulfuric acid being part of proprietary RapidSX flowsheets. They refer broadly to preparing mixed REE feedstock solutions (often chloride based) for solvent extraction. (ucore.com)
However, because Rare Earth Element ores typically require an initial acid dissolution step, it’s common in the industry to use strong mineral acids such as sulfuric acid or hydrochloric acid in the leaching portion of the overall REE extraction process (before separation). That conventional hydrometallurgical step often uses sulfuric acid for many ore types. (ScienceDirect)
Ucore’s work with Metallium’s Flash Joule Heating process — aimed at creating chloride feedstock — specifically explores options to “bypass conventional acid leach circuits,” suggesting standard acid leaching (which often uses sulfuric acid) is part of the conventional processing route from which they want to depart. (ucore.com)
📌 Summary
RapidSX™ itself (the core separation technology) does not inherently require sulfuric acid; it takes an aqueous REE solution (from whatever leach stage) and separates the elements via solvent extraction. (ucore.com)
If Ucore or its partners use conventional leaching to dissolve REEs from ores or concentrates before separation, that front-end stage can involve sulfuric acid or other strong acids, depending on the ore type and flowsheet — but that step is not unique to Ucore’s proprietary RapidSX technology. (ScienceDirect)
So, Ucore does not “need sulfuric acid” for the RapidSX separation step itself, but acid leaching (including potentially sulfuric acid) is part of traditional REE feed preparation that the company may deploy or seek to improve upon. (ucore.com)
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