Ucore Corporate Update
Ucore Corporate Update
Halifax, Nova Scotia (April 14, 2025) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX:
UURAF) (“Ucore” or the “Company”), is pleased to announce that its Chairman and CEO,
Pat Ryan, will be presenting at the Emerging Growth Conference on Wednesday, April 16,
2025 at 2:20pm Eastern Time. Mr. Ryan is looking forward to providing existing shareholders
and the investment community with an overview of the Company and its operations, together
with an update on recent developments in the rare earth sector.
Prospective attendees can register at the following link to attend the conference:
https://goto.webcasts.com/starthere.jsp?ei=1705403&tp_key=612b99c876&sti=uuraf
If attendees are not able to join the event live on the day of the conference, an archived
webcast will also be made available on EmergingGrowth.com and on the Emerging Growth
YouTube Channel, http://www.YouTube.com/EmergingGrowthConference.
The Company further advises that an aggregate of 1,360,000 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 $1.08
per share and the options expire five years from April 14, 2025, 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 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® 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
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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.
For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and
ongoing Programs (generally), see the risk disclosure in the Company’s most recently filed
MD&A, as filed on 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 Strategic
Metals Complexes (“SMCs”). Ucore has also assumed that sufficient external funding will be
found to complete the Demo Plant demonstration schedule and also later prepare a new
National Instrument 43-101 (“NI 43-101”) technical report that demonstrates that the Bokan
Mountain Rare Earth Element project (“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. Factors that could 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
of Ucore and/or IMC to retain its key staff members; 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 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