Ucore Comments on G7 Focus to Secure Critical Mineral Supply Chains, October 30–31, 2025 Company highlights policy tools—offtakes with price supports, strategic stockpiling, and targeted financing—that could accelerate North American rare earth independence
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Ucore Comments on G7 Focus to Secure Critical
Mineral Supply Chains, October 30–31, 2025
Company highlights policy tools—offtakes with price supports, strategic stockpiling, and
targeted financing—that could accelerate North American rare earth independence
Halifax, Nova Scotia - October 29, 2025 - Ucore Rare Metals Inc. (TSXV: UCU;
OTCQX: UURAF) (“Ucore” or the “Company”) issued the following statement regarding
the G7 Energy and Environment Ministers’ Meeting taking place in Toronto, Ontario,
October 30–31, 2025.
Public statements by governmen t officials ahead of the meeti ng indicate that ministers
intend to move beyond discussion toward concrete measures that strengthen allied
critical mineral supply chains. With partner s including the United States and Australia a
multilateral approach is the mandate . These measures include long -term offtake
agreements with price -support features, strategic st ockpiling, and targeted public
financing for mining, refining, and midstream processing - tools aimed at improving
market stability, enhancing security of supply, and catalyzing private investment across
the energy-transition value chain.
“We will see this week many examples of us moving beyond talks to firm commitments,”
said Canada’s Minister of Energy and Natural Resources in remarks previewing the
meeting.
What this means for Ucore shareholders
Improved bankability & revenue visibility: Durable pricing frameworks and
government-backed offtakes can reduce commodi ty price volatility, narrowing
financing risk and improving the economics of North American rare earth refining.
Faster path to domestic supply: Strategic stockpiles and procurement programs
can accelerate qualification cycles and enable earlier, larger -scale purchases of
high-purity rare earth oxides (REOs) by automakers, wind OEMs, and defense
supply chains.
Reduced single-country risk: Coordinated G7 action to diversify supply reduces
exposure to concentrated sources for rare earth magnets and bat tery materials -
supportive of regional refining capacity and multi-source feedstock strategies.
“Rare earths are foundational to the clean energy transition and modern manufacturing,”
said Pat Ryan, P.Eng., Chairman & CEO of Ucore . “As policy frameworks take shape
to secure and decarbonize energy systems, Ucore is progressing North American refining
capacity designed to deliver high -purity rare earth oxides responsibly and at scale. We
see working with key allied Western world countries to achieve this objective as a priority.”
# # #
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.
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Through strategic partnerships, this plan includes disrupting the People’s Republic of China’s
control of the North American REE supply c hain 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 (ot her than statements of historical facts) that
address future business development, technological development and/or acquisition activities
(including any related required financings), ti melines, events, or developments that the
Company is pursuing are forward-looking stat ements. 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 the government support for Ucore,
the Company has assumed that the applicable pr ojects (including each of the associated
milestones) will be completed satisfactorily and in accordance with the respective agreements
or letters of intent (as applicable) for su ch government suppor t. 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
2025 (filed on SEDAR+ on May 9, 2025) ( www.sedarplus.ca) as well as the risks described
below. As noted above, the exec ution of a Definitive Offtake Agreement will be conditional
upon the parties agreeing on commercial terms, among other conditions precedent.
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 coul d 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
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of Ucore and/or IMC to retain its key staff me mbers; 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. Peter Manuel, Ucore Vice President and Ch ief 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