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

Ucore Rare Metals Inc. has successfully closed an oversubscribed brokered private placement with each unit priced at $1.20, a financial development that strengthens the company's position in establishing North American independence in rare and critical metals supply. The placement, led by Red Cloud Securities Inc. with Raymond James Ltd. serving as co-agent, structured each unit to include one common share and one-half of a warrant exercisable at $1.75 for 36 months. This funding initiative directly supports the advancement of Ucore's Strategic Metals Complex in Louisiana, a project designed to challenge the current supply chain dominance maintained by the People's Republic of China in the rare earth elements sector.

The net proceeds from this financing are allocated toward several strategic objectives that accelerate North America's self-sufficiency in critical materials. Primary uses include securing essential feedstock and offtake agreements, fulfilling existing commitments to both the U.S. Department of Defense and Natural Resources Canada, advancing commercial testing protocols, and making substantial engineering progress on the Louisiana facility. With the agents' option still available for exercise, the total gross proceeds could potentially reach $11.5 million, subject to final approval from the TSX Venture Exchange where the company trades under the symbol UCU.

This financial achievement represents more than corporate growth for Ucore Rare Metals Inc.—it signifies a strategic advancement in addressing critical supply chain vulnerabilities that have long concerned North American defense and technology sectors. The company's comprehensive approach extends beyond the Louisiana facility to include planned operations in Canada and Alaska, creating a diversified North American production network. Central to this expansion strategy is the company's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project located in Southeast Alaska, which positions Ucore as a emerging leader in advanced metal separation technologies and domestic rare earth production.

The successful oversubscription of this private placement demonstrates strong market confidence in Ucore's vision and execution capabilities at a time when supply chain security for critical minerals has become a national priority. As global competition for rare earth elements intensifies, this funding enables tangible progress toward reducing foreign dependence while supporting domestic manufacturing and defense requirements. The strategic importance of developing independent North American rare earth processing capabilities cannot be overstated, given these materials' essential role in modern technologies including electric vehicles, renewable energy systems, and advanced defense applications.