Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) has entered into an engagement with Red Cloud Securities Inc. for a “best efforts” private placement of up to $10 million in units priced at $1.20 each, with an option to raise an additional $1.5 million. Each unit includes one common share and one-half of a warrant exercisable at $1.75 for 36 months. Net proceeds will fund key initiatives related to Ucore’s planned Strategic Metals Complex in Louisiana, including securing feedstock and customer agreements, advancing engineering plans, and fulfilling obligations with the U.S. Department of Defense and Natural Resources Canada. The offering is set to close on or about June 19, 2025, pending necessary approvals.
To view the full press release, visit https://ibn.fm/QWupF
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 establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana, subsequent Strategic Metal 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 TSXV under the trading symbol “UCU” and in the United States on the OTC Markets’ OTCQX(R) Best Market under the ticker symbol “UURAF.”
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF
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