Ucore oznámila, že v Kingstonu vyrobila 99,5% sloučeninu NdPr ze dvou různých surovin, čímž potvrdila flexibilitu technologie RapidSX™. Materiál vznikl z iontové hlíny i bastnaesitu.
It has produced 99.5% NdPr sample material from two different feedstock sources (ionic clay and bastnaesite) at its Commercialization and Demonstration Facility ("CDF") in Kingston, Ontario, for ongoing and planned customer qualifications
NdPr is a fundamental product of most rare earth processing facilities, and on a scale of tonnes, Ucore has now demonstrated the ability to create 99.5% material from multiple sources with widely varying rare earth element compositions
Halifax, Nova Scotia--(Newsfile Corp. - August 20, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has produced 99.5% NdPr from a second feedstock source at its Commercialization and Demonstration Facility ("CDF") in Kingston, Ontario, for ongoing and planned customer qualifications:
The first batch of 99.5% NdPr material was processed from approximately two tonnes of Vietnamese mixed rare earth oxide ("MREO") derived from ionic clay source material and sent to Western NdFeB magnet makers for product testing in Q2-2026;
The second batch of 99.5% NdPr material was produced in early August 2026 and was processed from approximately five tonnes of mixed rare earth carbonate ("MREC") derived from North American bastnaesite source material.
Ucore continues to demonstrate the versatility and adaptiveness of its RapidSX™ technology platform in the simulated commercial environment of its Kingston CDF. NdPr is a fundamental product of most rare earth processing facilities. It will be a featured product along with samarium (Sm), gadolinium (Gd), terbium (Tb), dysprosium (Dy), and eventually yttrium (Y) within the developing Louisiana Strategic Metals complex ("SMC"). On a tonnes-of-processing scale, the Company has now demonstrated the production of 99.5% NdPr material from multiple sources with widely varying rare earth element ("REE") compositions.
The 7,400+ hours of simulated commercial runtime and corresponding commercial scale-up work at the CDF have demonstrated the potential of the computerized and patent-pending RapidSX™ technology platform for full-scale REE processing. The chemistry of RapidSXTM is the same as that of conventional solvent extraction. As a result, as demonstrated in over 16,000 comparative test results, RapidSXTM typically yields recovery rates and target product purities equal to, or better than conventional solvent extraction; the only difference being faster processing throughput and a smaller equipment footprint for the same processing capacity. Together, these attributes have the potential to create multiple opportunities for commercial savings and efficiencies, which Ucore is incorporating into its developing Louisiana SMC.
Figure 1 - The RapidSX™ Demo Plant Machine at the Kingston CDF
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"Ucore is executing a very deliberate plan for the development of its first RapidSX™ production 'Machine A' at the Louisiana SMC," stated Mike Schrider, P.E., Ucore's Vice President and Chief Operating Officer. "The work done at the CDF directly supports and validates the SMC engineering program while simultaneously demonstrating the effectiveness of the technology platform. Our work in Kingston will continue to serve as a co-commissioning, technology development and training center to support and de-risk our commercial endeavors."
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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, Ucore aims to support the development of a more diversified and resilient 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 Statements
This 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 facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, products to be produced at the Louisiana SMC, 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.
Forward-looking statements in this release include, without limitation, statements regarding the development or execution of definitive supply, offtake agreements or other commercial agreements; the acceptability of rare earth oxide samples to magnet makers and other end users of product; the ability to provide high-purity materials or on-spec product to customers on an on-going basis; and the acceptability of the referenced samples to potential customers.
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 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 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.
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..
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.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310605
Source: Ucore Rare Metals Inc.
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Ucore Rare Metals oznámila emisi formou bought deal 21,430,000 akcií za C$2,80 za kus, která má přinést hrubý výtěžek C$60,004,000. Peníze půjdou na rozvoj projektu Louisiana Strategic Metals Complex a na provozní kapitál.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
HALIFAX, NS / ACCESS Newswire / August 6, 2026 / Ucore Rare Metals Inc. (TSX-V:UCU)(OTCQX:UURAF) ("Ucore" or the "Company") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. as sole bookrunner and co-lead underwriter, and B. Riley Securities, Inc., as co-lead underwriter, on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 21,430,000 common shares (the "Common Shares") of the Company at a price of C$2.80 per Common Share (the "Issue Price") for aggregate gross proceeds to the Company of C$60,004,000 (the "Offering"). The Offering includes a cornerstone order from a leading fundamental global institutional investor.
The Company has agreed to grant the Underwriters an option (the "Over-Allotment Option"), exercisable in whole or in part at any time and from time to time for up to 30 days following the Closing Date (as herein defined), to purchase up to an additional number of Common Shares (the "Additional Common Shares") equal to 15% of the number of Common Shares sold pursuant to the Offering at a price per Additional Common Share equal to the Issue Price, to cover overallotments, if any, and for market stabilization purposes.
The net proceeds from the Offering will be used by the Company to fund the development of the Louisiana strategic metals complex ("SMC"), and for working capital and general corporate purposes.
The Offering is expected to close on or about August 13, 2026. Closing of the Offering is subject to customary closing conditions, including but not limited to, the entering into of the underwriting agreement and the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the "TSXV").
The Common Shares will be offered in all provinces of Canada (except Quebec) by way of a prospectus supplement (the "Prospectus Supplement") to the Company's (final) short form base shelf prospectus dated June 30, 2026 (the "Base Shelf Prospectus"), and in jurisdictions outside of Canada, as are agreed to by the Company and the Underwriters, on a private placement or equivalent basis.
Access to the Base Shelf Prospectus, the Prospectus Supplement and any amendment to such documents is provided in accordance with securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The Base Shelf Prospectus is, and the Prospectus Supplement will be (following filing within two business days from the date hereof), accessible on SEDAR+ at www.sedarplus.ca. Delivery of the Base Shelf Prospectus and the Prospectus Supplement, and any amendments thereto, will be satisfied in accordance with the "access equals delivery" provisions of applicable Canadian securities legislation. An electronic or paper copy of the Prospectus Supplement and the Base Shelf Prospectus, and any amendment to such documents, may be obtained, without charge, from Red Cloud by e-mail at [email protected] by providing Red Cloud with an email address or address, as applicable.
The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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, Ucore aims to support the development of a more diversified and resilient North American Rare Earth Elements ("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 http://www.ucore.com.
Forward-Looking Statements
This 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 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, including without limitation statements with respect to: the filing of the Prospectus Supplement; the timing and completion of the Offering; the intended use of net proceeds from the Offering; the exercise of the Over-Allotment Option; the receipt of all regulatory approvals in connection with the Offering, including the approval of the TSXV; the progress of development at the Louisiana SMC and any subsequent SMCs; and future development plans. 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.
Forward-looking statements in this release include, without limitation, statements regarding the completion of the Offering; the proposed use of proceeds from the Offering; and the receipt of all necessary approvals in connection with the Offering.
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 Company's commercialization and demonstration facility ("CDF") and the aforementioned projects (generally), see the risk disclosure in the Base Shelf Prospectus and the Prospectus Supplement, and in the continuous disclosure documents filed by the Company on SEDAR+ (http://www.sedarplus.ca), including the Company's annual information form for the year ended December 31, 2025 (filed on SEDAR+ on June 8, 2026) and MD&A for Q1-2026 (filed on SEDAR+ on May 29, 2026), as well as the risks described below.
Regarding the disclosure in the press release above, the Company has assumed, among other things, that it will receive the approval of the TSXV in regard to the Offering and the issuance of the Common Shares in connection therewith.
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 technical report in compliance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects 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.
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.
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.
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. 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 [email protected]
Ucore dokončil ověření škálovatelnosti zařízení RapidSX pro svůj projekt v Louisianě a zvolil konkrétní konfigurace pro Enhanced Machine A. Ta má zpracovávat 600 tun TREO ročně.
the successful completion of its RapidSX™ equipment ("RSX-1") scale-up verification program for its developing Louisiana Strategic Metals Complex in Alexandria, Louisiana
selection of Enhanced Machine A's specific equipment and operational configurations
Halifax, Nova Scotia--(Newsfile Corp. - August 5, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has successfully completed the scale-up testing and optimization program for its commercial-scale RapidSX™ computerized and motionless mixing contactor assemblies to be deployed at its Alexandria, Louisiana, Strategic Metals Complex ("SMC"). This contactor equipment scale-up program ("RSX-1") builds on the 7,400+ hours of simulated commercial runtime on the Company's Demonstration Plant ("Demo Plant") at its RapidSX™ Commercialization and Demonstration Facility ("CDF") in Kingston, Ontario.
Figure 1: 4x12" (L) & 1x24" (R) RapidSX™ Contactor Scale-Up Testing & Optimization at the Kingston, Ontario, Commercialization and Demonstration Facility
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The contactor scale-up and optimization program is partially funded by Ucore's US Department of War US$18.4 million Other Transaction Agreement ("OTA") Modification (US$20.4 million total) to facilitate the technology transfer from demonstration-scale in Kingston to full commercial-scale deployment in Louisiana. The completion of this optimized RapidSX™ equipment testing marks a significant milestone in Ucore's pathway to build its first commercial RapidSX™ rare earth separation machine, 'Enhanced Machine A', capable of processing 600 tonnes per year ("tpa") of total rare earth oxides ("TREO").
The Objectives of the RSX-1 scale-up and optimization program were to:
verify the commercial scale-up of the 4" diameter Demo Plant contactors and matched phase separators, and associated piping, pumps, sensors, instruments, chemistry, and operational parameters up to the selected maximum 24" diameter contactor size design for the SMC;
confirm that the RapidSX™ technology performs as expected and performs equal to or better than conventional solvent extraction ("CSX") in all contactor sizes expected to be deployed at the Company's Louisiana SMC, under the most conservative chemistry assumptions;
The Results from the RSX-1 scale-up and optimization program were:
Ucore developed an optimized operating profile for intermediate-size contactors based on over 400 completed tests with 1-1/4", 2", 4", 12", and 24" contactor diameters and configurations of organic/aqueous ("O/A") ratios and hydraulic flux rates;
Ucore designed, compared, optimized, and validated a 24" diameter contactor assembly against a four (4) by 12" diameter contactor assembly (i.e., the same total area, working in parallel) to take advantage of RapidSX™'s inherent equipment flexibility and modularity for varying hydraulic flux rates. This was also done for other equivalent area contactor configurations.
Ucore selected the specific operational configurations and equipment for Enhanced Machine A and other planned SMC machines.
The Follow-On Enhanced Machine A activities from the RSX-1 scale-up and optimization program are:
all testing information now exists to incorporate the results into detailed design engineering
as part of the final Factory Acceptance Testing ("FAT") program, Ucore will test the now optimized Enhanced Machine A individual contactor assembly configuration (i.e., a two (2) x 8" diameter RapidSX™ contactor assembly) with the specifically selected components and operational parameters as part of RSX-2 & RSX-3, planned for the remainder of August and September of 2026
The extensive 12-month RSX-1 scale-up, optimization, and verification campaign was designed to evaluate mixing, phase continuity, hydraulic stability, pressure behavior, phase disengagement, and visible entrainment over a wide range of contactor diameters and operational profiles. Mass-transfer performance was compared with the CSX baseline, which represented the equilibrium reference and target performance level for determining whether the RapidSX™ contactors achieved the required extent of mass transfer - resulting in final contactor assembly equipment selections and optimized operating parameters for the Louisiana SMC.
"Ucore continues to make very deliberate progress in transitioning from its Kingston, Ontario, Commercialization and Demonstration Facility [CDF] to its first commercial-scale rare earth refinery in Louisiana," stated Mike Schrider, P.E., Ucore's Vice President and Chief Operating Officer. "As announced in May, the Company's first SMC RapidSX™ machine, Enhanced Machine A, will allow the processing of a variety of Western mixed rare earth carbonate and/or oxide sources into NdPr, samarium, gadolinium, and potentially yttrium, contributing to a critical Western need, as new US source restrictions take hold on January 1, 2027."
As Ucore reported on May 28, 2026, pending construction completion, commissioning, qualification, and receipt of all required funding and permits, Ucore's Louisiana SMC is designed to 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 TREO. The SMC is designed to be constructed and rolled out in modules to take advantage of the inherent flexibility of the RapidSX™ technology platform and to produce NdPr, Pr, Nd, Sm, Gd, SmEuGd ("SEG"), Tb, Dy, and other rare earth oxide products and intermediates.
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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 are 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, Ucore aims to support the development of a more diversified and resilient 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 Statements
This 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 include, 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 Enhanced 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308111
Source: Ucore Rare Metals Inc.
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Ucore vyrobil 99,9% oxid dysprosia v zařízení v Kingstonu pro plánovanou kvalifikaci u zákazníků v Japonsku, Jižní Koreji a USA. Firma to označila za krok k budoucím dodávkám pro plánovaný komplex v Louisianě.
Ucore has produced 99.9% dysprosium ("Dy") oxide generated at its Commercialization and Demonstration Facility ("CDF") in Kingston, Ontario, for planned Japanese, South Korean, and US customer qualifications
The shortage of heavy rare earth oxides, namely Dy and terbium ("Tb"), represents one of the most challenging requirements of forging a Western rare earth permanent magnet industry independent of geopolitical supply turbulence
The qualification work is intended to support the development of structured definitive supply and offtake agreements aligned with Ucore's planned Louisiana Strategic Metals Complex ("SMC"), including downstream market development under the Company's previously announced strategic cooperation framework with Sumitomo Corporation of Americas
Halifax, Nova Scotia--(Newsfile Corp. - July 7, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has produced commercial-grade 99.9% dysprosium ("Dy") oxide for planned qualification samples to major rare earth permanent magnet and electronics manufacturers for technical evaluation.
The Dy qualification sample material represents a significant milestone in Ucore's strategy to connect its planned Louisiana Strategic Metals Complex's ("SMC") rare earth separation outputs directly with downstream magnet, metal, alloy, and advanced materials supply chains. Dy oxide is a critical heavy rare earth element ("REE") material used in high-performance electronics and rare earth permanent magnets, particularly where magnets must retain performance, coercivity, and stability at elevated operating temperatures. These requirements are essential across electric vehicles, robotics, industrial automation, renewable energy systems, aerospace, and defense applications.
Together with Ucore's previously announced NdPr oxide qualification samples, this Dy oxide production advances Ucore's broader product qualification strategy for the light and heavy rare earth oxides required by the Western oxide and permanent magnet industries.
Figure 1: 99.9% dysprosium (Dy) oxide generated at Ucore's Commercialization and Demonstration Facility (CDF) in Kingston, Ontario
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https://images.newsfilecorp.com/files/1119/304231_330ae978e470c8cc_002full.jpg
Heavy Rare Earths: The Critical Gap in Western Magnet Independence
Ucore believes that the Western rare earth supply chain challenge is defined by the ability to reliably separate, refine, qualify, and deliver the individual rare earth oxides required by downstream manufacturers.
This challenge is especially acute for heavy rare earths. NdPr provides the primary magnetic foundation for NdFeB permanent magnets, while Dy and Tb are used in smaller quantities but are essential for many high-temperature and high-performance magnet applications. Without qualified sources of Dy and Tb oxide outside of China, Western and Western-allied magnet producers remain exposed to supply concentration risk even when light rare earth supply and magnet manufacturing capacity are being expanded.
"The first-mover advantage in the Western market is not primarily about heavy rare earth production volume alone. It is about qualification status," stated Pat Ryan, P.Eng., Chairman and CEO of Ucore. "A proven modular and scalable processing platform, such as RapidSX™, can deliver high-purity material into customer qualification programs, begin to establish downstream customer relationships, defense and commercial industry confidence, and business alignment into 2030 and beyond.
"Dysprosium is one of the defining materials in the race to build an independent Western permanent magnet and oxide supply chain. Producing 99.9% Dy oxide and providing access to that material to major manufacturers is a significant step for Ucore. It demonstrates that our Kingston CDF is not simply validating a separation concept. It is generating the customer-specific materials required to move from technical demonstration toward commercial supply alignment."
Ucore's Commercialization and Demonstration Facility Technology Center
The work at Ucore's Commercialization and Demonstration Facility ("CDF") technology center in Kingston, Ontario, has focused on expanding the West's knowledge of heavy rare earth processing, through:
Developing front-end leaching and impurity removal processes from real-world sourcesConstructing two conventional solvent-extraction ("CSX") pilot-scale circuits of 52 and 80 stages eachDirectly comparing over 16,000 samples produced from RapidSX™ vs. those produced from the CSX circuits and proving that the chemistry of CSX and RapidSX™ is identicalWhile proving RapidSX™ is faster and more efficientAdapting the modular and scalable RapidSX™ technology platform to suit the required solvent-extraction chemistry while noting that, for given chemical conditions, the purity achieved is simply a function of the number of functional group stages (i.e., extraction, scrub, strip, wash, and saponification)Optimizing the solvent-extraction chemistry to recover both light and heavy REEs, primarily from heavy REE feedstocksDemonstrating ESG standards for solids and liquids handling and reagent recoveriesDeveloping the back-end oxalate and oxide production processesScaling the RapidSX™ hardware for full-scale operation and factory acceptance testingCustomer Qualification: A Critical Step in Project Development
The evaluation work by major downstream prospective customers focuses on confirming that Ucore's Dy oxide meets the technical, quality, consistency, traceability, and compliance requirements for use in their manufacturing supply chains.
This qualification process is a key step toward elevating strategic relationships currently under discussion or toward forming the framework for structured commercial arrangements. It allows downstream manufacturers and advanced materials customers to evaluate whether Ucore's separated heavy rare earth oxide products meet their internal manufacturing and procurement specifications before finalizing larger-volume supply commitments.
"For downstream customers, dysprosium oxide quality is about much more than individual oxide parameters," stated Mike Schrider, P.E., Ucore's Vice President and Chief Operating Officer. "These samples will provide potential customers with the material they need to evaluate Ucore's Dy oxide against their own technical and compliance requirements. Customer feedback from this qualification work is being directly integrated to support the engineering and commercial planning of the Louisiana SMC.
"Once again, the Kingston CDF continues to serve as the bridge between RapidSX™ commercialization work and the product specifications, quality systems, and operating knowledge required for commercial deployment in Louisiana."
The Dy oxide qualification sample material was produced at Ucore's CDF technology center. As noted above, work at the CDF is integral to Ucore's commercial development plans and to understanding and exploiting solvent extraction chemistry. The noted Dy oxide sample material started with approximately 2 tonnes of mixed rare earth oxide ("MREO") derived from a third-party Western ionic clay source and was first processed through the Company's 52-stage RapidSX™ Demonstration Plant ("Demo Plant") through a multi-step separation campaign and then through a complementary solvent extraction circuit to provide additional polishing capacity through more available stages. As Ucore announced on May 28, 2026, at the Louisiana SMC the Company's initial Machine A (the first component within Production Line 1) will alone consist of ≈118 RapidSX™ stages.
Strategic Alignment with the Louisiana SMC and Allied REE Supply Chains
Ucore has previously announced strategic relationships with industry participants working to expand Western and allied rare earth supply chains. These relationships are intended to position Ucore as a midstream supplier of separated rare earth oxides to strategically important downstream manufacturers in Europe, Japan, North America, South Korea, and other allied markets.
On June 15, 2026, Ucore announced a strategic cooperation framework with Sumitomo Corporation of Americas to support the development of a diversified rare earth supply chain across North America and allied markets. Under that framework, the parties intend to collaborate on rare earth feedstock sourcing for Ucore's planned Louisiana SMC and downstream offtake development for selected middle and heavy rare earth elements critical to high-performance magnets and advanced materials applications.
# # #
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, Ucore aims to support the development of a more diversified and resilient 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 Statements
This 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 facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, products to be produced at the Louisiana SMC, 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.
Forward-looking statements in this release include, without limitation, statements regarding the development or execution of definitive supply, offtake agreements or other commercial agreements; the acceptability of rare earth oxide samples to magnet makers and other end users of product; the ability to provide high-purity materials or on-spec product to customers on an on-going basis; and the acceptability of the referenced samples to potential customers.
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 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.
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..
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.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304231
Source: Ucore Rare Metals Inc.
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Ucore vyrobila oxid neodymu a praseodymu s čistotou 99,5 % a odeslala první kvalifikační vzorky velkým výrobcům permanentních magnetů. Testy mají ověřit čistotu, složení a shodu s výrobou magnetů NdFeB.
Ucore has produced 99.5%+ neodymium-praseodymium oxide generated at its 52-stage RapidSX™ Demonstration Plant in Kingston, OntarioInitial NdPr oxide qualification samples were shipped to major rare earth permanent magnet manufacturers serving North American and European supply chainsTesting of the samples begin the process of confirming purity, phase composition, consistency, and compatibility with customer-compliant NdFeB permanent magnet manufacturing processesThe qualification work is intended to support the development of structured definitive supply agreements aligned with Ucore's planned Louisiana Strategic Metals Complex and its Commercialization and Demonstration Facility in Kingston, OntarioHalifax, Nova Scotia--(Newsfile Corp. - June 22, 2026) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that it has produced commercial-grade neodymium-praseodymium ("NdPr") oxide and shipped initial qualification samples to major rare earth permanent magnet manufacturers for technical evaluation.
The sample shipments mark an important step in Ucore's strategy to connect its RapidSX™ rare earth separation platform directly with downstream magnet, metal, alloy, and advanced materials supply chains. NdPr oxide is a critical midstream material that is converted into metal and alloy feedstock for neodymium-iron-boron ("NdFeB") permanent magnets, which are used across high-performance motors, robotics, electric vehicles, industrial automation, renewable energy systems, and defense applications.
The NdPr oxide qualification samples were produced as part of Ucore's ongoing demonstration and commercialization work. During this work, the Company's 52-stage RapidSX™ Demonstration Plant at its Commercialization and Demonstration Facility ("CDF") in Kingston, Ontario, processed a heavy mixed rare earth oxide ("MREO") feedstock derived from an ionic clay source and produced 99.5%+ NdPr chloride. Ucore subsequently converted a portion of this chloride solution into 99.5%+ NdPr oxide.
Strategic Alignment with Western Supply Chain Development
Ucore has previously announced strategic relationships with major rare earth permanent magnet manufacturers that are working to expand Western magnet production capacity. These relationships are intended to position Ucore as a midstream rare earth oxide supplier for strategically important downstream manufacturers focused on rebuilding North American and allied rare earth magnet supply chains. In addition to utilizing dysprosium ("Dy") and terbium ("Tb"), which Ucore plans to produce in Louisiana, these magnet manufacturers also utilize NdPr oxide, which is expected to be an important part of Ucore's product suite at its prospective Louisiana SMC.
"Sample qualification is a critical step toward developing potential offtake arrangements," stated Pat Ryan, P.Eng., Ucore's Chairman and Chief Executive Officer. "The NdPr oxide shipped to major rare earth magnet manufacturers was not produced in a concept study. It was produced through Ucore's RapidSX™ demonstration platform, from real mixed rare earth feedstock, and is now in the hands of companies working to develop Western magnet manufacturing capacity."
Mike Schrider, P.E., Ucore's Vice President and Chief Operating Officer, commented: "For downstream customers, oxide quality matters. Purity, impurity control, physical form, consistency, conversion performance, and traceability all have to be understood before commercial supply can begin. These samples give potential customers the material they need to evaluate Ucore's rare earth oxides against their own technical and manufacturing requirements."
Schrider added: "This work also gives Ucore direct feedback from downstream customers as we continue to translate the learnings from our Kingston CDF into the design, construction, commissioning, and operational plans of the Louisiana Strategic Metals Complex."
Customer Qualification: Turning Separated Oxides into Supply Chain Inputs
The evaluation work by major downstream customers focuses on confirming that Ucore's rare earth oxides meet the technical, quality, and traceability requirements for use in Western magnet and advanced materials supply chains.
The qualification process is expected to include:
independent chemical assay work to confirm rare earth oxide purity and key impurity levels;confirmation of oxide characteristics, including phase composition, handling, moisture, and consistency;assessment of compatibility with magnet manufacturing requirements, including alloy formulation, process qualification, and finished magnet compliance expectations; anddevelopment of product specifications, quality assurance protocols, logistics requirements, and commercial terms to support definitive long-term supply agreements.This qualification process is a key step toward elevating strategic relationships currently at the MOU level and could contribute toward potential commercial offtake arrangements. It allows downstream manufacturers and advanced materials customers to certify that Ucore's separated rare earth oxide products meet their required technical specifications before larger-volume supply commitments are finalized.
# # #
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, Ucore aims to support the development of a more diversified and resilient 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 Statements
This 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 facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, products to be produced at the Louisiana SMC, 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 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 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.
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..
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.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302334
Source: Ucore Rare Metals Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
