Ucore Rare Metals Grants Incentive Stock Options
Ucore Rare Metals Grants Incentive Stock
Options
Halifax, Nova Scotia – 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.
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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, 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 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.
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 agreeme nts. 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 result s 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 Lo uisiana or Alaska and/or i n 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. 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