Rare Earth Archives - MiningFeeds

Higher oil prices are back in focus after the Bank of Canada flagged that expensive energy is feeding into broader inflation. That pushes governments and manufacturers to look harder at electrification and cleaner technologies that rely on rare earth minerals. For investors, Canadian rare earth related stocks offer direct exposure to that supply story. This article breaks down three of the most interesting options from the rare earth screener.

The three Canadian rare earth stocks highlighted next are just a starting sample, and the full rare earth metals screen surfaced 0 more companies with equally compelling narratives that are not covered in this article.

Identify potential opportunities early and analyze which rare earth players best fit your thesis by going straight to the Rare Earth Metal Stocks screener

Aclara Resources (TSX:ARA)

Overview: Aclara Resources is an early stage miner focused on exploring and developing rare earth deposits across Chile, Brazil, Peru and the United States.

Market Cap: CA$740 million

Aclara Resources provides focused exposure to rare earth exploration at a time when magnets for EVs, defense systems and high tech electronics depend heavily on these materials. The group is still pre revenue and loss making. The investment case depends on whether its multi country projects and planned separation facility can justify the spend if a single key funding assumption breaks.

If that funding puzzle is what you are weighing up, go straight to the DCF valuation analysis for Aclara Resources to see how those assumptions could reshape Aclara Resources' story.

ARA Discounted Cash Flow as at Oct 2026 Mkango Magnetic Materials (TSXV:MKA)

Overview: Mkango Magnetic Materials is an exploration and development business focused on magnet grade rare earth projects, led by its Songwe Hill asset in Malawi.

Market Cap: CA$261 million

Investors looking at rare earth exposure will see Mkango Magnetic Materials linking its Songwe Hill project in Malawi with a magnet recycling build out in the United States, which ties directly into demand for NdFeB magnets in EVs, clean energy hardware and defense. It remains early stage and loss making, so much depends on whether the Texas Hub plan scales as intended if a single key assumption breaks.

That funding question looms large, so go to the DCF valuation analysis for Mkango Magnetic Materials to see how the Texas Hub assumptions could be stretching or masking Mkango Magnetic Materials' potential

MKA Discounted Cash Flow as at Oct 2026 Ucore Rare Metals (TSXV:UCU)

Overview: Ucore Rare Metals is a development stage miner focused on the Bokan-Dotson Ridge heavy rare earth project and separation technologies.

Market Cap: CA$306 million

Ucore Rare Metals plugs directly into the rare earth supply story through its Bokan-Dotson Ridge heavy REE project in Alaska and its RapidSX separation work aimed at supplying high purity material for EVs, defense and other high tech uses. Investors get focused exposure to that critical minerals push, depending on how one unseen pressure around large scale financing and commercialization plays out.

That financing overhang is exactly what you can stress test using the DCF valuation analysis for Ucore Rare Metals to see where Ucore Rare Metals' story could really inflect

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The Iran war has pushed governments to speed up clean energy plans, which has sharpened the focus on where the raw materials for that shift will actually come from. Canadian rare earth miners sit right in the middle of this supply rethink, as countries try to rely less on a few heavyweight exporters. This article walks through three Canada listed rare earth metal stocks that provide direct exposure to that theme.

The three rare earth stocks below are only a starter pack for this theme. The full Simply Wall St screen has surfaced 0 more companies with equally compelling narratives that are not covered here. If you want to identify and analyze the highest conviction rare earth opportunities right now, head straight to the Rare Earth Metal Stocks screener.

Aclara Resources (TSX:ARA)

Overview: Aclara Resources is a rare earth exploration company working on ionic clay projects in Chile, Brazil and Peru for high tech and clean energy supply chains.

Market Cap: CA$831.4 million

Investors looking at the rare earth metals theme will see Aclara Resources aiming to supply elements used in electric vehicles, defense hardware and electronics through projects in South America and a planned separation facility in Louisiana. It is still pre revenue and loss making, so the appeal sits squarely on what happens when one large funding commitment is finally tested.

That funding hinge is exactly what the DCF valuation analysis for Aclara Resources is built around, so you can see how assumptions on timing and scale could swing the story.

ARA Discounted Cash Flow as at Oct 2026 Mkango Magnetic Materials (TSXV:MKA)

Overview: Mkango Magnetic Materials is developing the Songwe Hill rare earth deposit in Malawi to supply magnet grade elements for high tech applications.

Market Cap: CA$256.7 million

Investors focused on rare earth exposure may view Mkango Magnetic Materials as a direct play on magnet grade REEs, with Songwe Hill targeted at neodymium and praseodymium that are used in electric motors, defense systems and electronics. The business is still in a development phase, so outcomes depend on how one crucial project funding and build out puzzle resolves.

That single project hinge makes the analysis report for Mkango Magnetic Materials a useful way to see how different funding scenarios could either accelerate or stall Mkango Magnetic Materials.

MKA Discounted Cash Flow as at Oct 2026 Ucore Rare Metals (TSXV:UCU)

Overview: Ucore Rare Metals is a Canada based developer of the Bokan-Dotson Ridge heavy rare earth project and related separation technology for EVs, clean energy equipment and defense uses.

Market Cap: CA$357.3 million

Ucore Rare Metals gives you direct exposure to heavy rare earths through Bokan-Dotson Ridge in Alaska and its RapidSX separation platform. Both are aimed at supplying magnets for EVs, clean tech and defense systems. It is still loss making and reliant on funding, so the appeal hinges on how one capital intensive build out shapes future economics.

That funding question makes the analyst forecasts for Ucore Rare Metals a sharp way to see how expectations line up before any major capital decision resets the narrative.

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Expanded RapidSX™ program supports critical defense supply chains amid heightened interest from Washington

Ucore announces:

Additional US$4.6 million Other Transaction Agreement ("OTA") for expanding the first RapidSX™ Enhanced Machine A in Louisiana, bringing the total OTA grant funding to US$27.0 million
Expanding samarium and gadolinium process development in Kingston, for Enhanced Machine A deployment in Louisiana
Ucore reports heightened interest from Washington on Samarium and Gadolinium development.

Halifax, Nova Scotia–(Newsfile Corp. – September 14, 2026) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to report the execution of a US$4.6 million Other Transaction Agreement ("OTA") Modification from the U.S. Department of War ("DoW") to expand its RapidSX™ rare earth separation program. The additional funding supports samarium ("Sm") and gadolinium ("Gd") process development and the deployment of Enhanced Machine A at Ucore's planned Louisiana Strategic Metals Complex ("SMC") in Alexandria.

This latest award advances work on two materials that the U.S. government has identified as priorities for strengthening domestic critical mineral supply chains. Ucore is deploying separation capabilities intended to address those needs as sourcing requirements tighten.

"We are seeing heightened interest from Washington in the role Ucore can play in securing critical rare earth supplies," stated Pat Ryan, P.Eng., Chairman and CEO of Ucore. "We have optimized our commercial equipment configurations, strengthened our financial position, and now secured additional DoW funding for an expanded program. The dots are connecting around a clear national need: the ability to separate the materials that U.S. defense and industrial supply chains depend on."

A growing priority for defense supply chains

Sm is a key input for samarium-cobalt magnets used in demanding defense and aerospace applications where magnetic performance at high temperatures is essential. Gd has specialized coatings, electronics, and nuclear applications, including neutron absorption in nuclear reactors. Both were identified by the U.S. Geological Survey among the mineral commodities with the highest supply-chain risks in its 2025 assessment.

China's April 2025 export controls included samarium- and gadolinium-related metals, oxides, and compounds. In February 2026, the Defense Industrial Base Consortium ("DIBC") issued a U.S. government request for projects addressing domestic production gaps across 13 critical minerals, including both Sm and Gd. Separation and processing were among the capabilities specifically sought.

The procurement requirements are also tightening. Effective January 1, 2027, applicable Defense Federal Acquisition Regulation Supplement ("DFARS") restrictions for samarium-cobalt and neodymium-iron-boron magnets extend across their upstream supply chains, including mining, refining, and separation in covered countries such as China, subject to specified exceptions and nonavailability determinations. Ucore believes these requirements increase the importance of qualifying dependable processing sources outside covered countries.

Ucore's role is at the separation stage, where mixed rare earth feedstocks must be divided into individual rare earth oxide products suitable for industrial use or further downstream processing. Building that capability is a necessary part of connecting mineral supply with oxide, metal, alloy and/or magnet manufacturing.

Additional funding advances the next stage

The new award increases funding for Phase 2 of Ucore's Rare Earth Separation Technology Capabilities Prototype Project from US$18.4 million to US$23.0 million. Including the original US$4.0 million Phase 1 award, total grant funding under the Company's OTA with U.S. Army Contracting Command-Orlando increases to US$27.0 million.

Building Momentum Toward Commercial Deployment

The additional DoW support follows a series of advances across Ucore's commercialization program. In June, the Company shipped NdPr oxide qualification samples to major magnet manufacturers. In July, it announced production of 99.9% dysprosium oxide, which it has since shipped for customer qualifications. These steps support the development of future commercial relationships for Ucore's broader rare earth product platform.

In August, Ucore completed its RapidSX™ contactor scale-up program following more than 400 optimization tests and closed a public offering raising approximately C$69 million in gross proceeds. The financing's net proceeds are intended for Louisiana SMC development, working capital, and general corporate purposes.

The expanded DoW program connects that technical progress and stronger financial position to a specific strategic need. Ucore is advancing the separation capabilities intended to turn reliable feedstock sources into a North American supply of the rare earth products manufacturers require.

# # #

About Ucore Rare Metals Inc.

Ucore is focused on rare-earth 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 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 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.

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 Q2-2026 (filed on SEDAR+ on August 26, 2026), as well as the risks described below.

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

Michael Schrider, P.E., Ucore Vice President and Chief Operating 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 MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/314172

Monday U.S. Featured Earnings

Science Applications International Corp (NASDAQ: SAIC) (Q2) EPS of $2.25, compared to $3.63 in the prior-year quarter.

Canada Featured Earnings

CHAR Technologies Ltd. (V.YES) (Q2) EPS for gain of half a cent, compared to loss of two cents in the prior-year quarter.

Goldsky Resources Corp. (V.GSKR) (Q2) EPS for loss of four cents, compared to loss of 16 cents in the prior-year quarter

Ucore Rare Metals Inc. (V.UCU) (Q2) EPS for loss of 3.5 cents, compared to loss of five cents in the prior-year quarter.

Tuesday

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US Manufacturing PMI (Aug.)

ISM Report on Business Manufacturing PMI (Aug.)

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Palo Alto Networks Inc (NASDAQ: PANW) (Q4) EPS of 51 cents compared to 42 cents in the prior-year quarter

Dell Technologies Inc. (NYSE:DELL) (Q2) EPS of $4.63, compared to $2.10 in the prior-year quarter

Medtronic plc. (NYSE:MDT) (Q2) EPS of $1.38, compared to $1.26 in the prior-year quarter

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S&P Global Canada Manufacturing PMI (Aug.) The index rose to 53.5 in July from 52.2 in June and 53 in July 2025.

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Hydreight Technologies Inc (V.NURS) (Q2) EPS of 5.5 cents, compared to five cents in the prior-year quarter

Zoomd Technologies Ltd. (V.ZOMD) (Q2) EPS of two cents, compared to breakeven in the prior-year quarter.

Wednesday

U.S. Economic Lookahead

ADP National Employment Report (Aug.)

Factory Orders (July)

Federal Reserve Beige Book

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Broadcom Inc. (NASDAQ:AVGO) (Q2) EPS of $2.83, compared to $1.26 in the prior-year quarter

Snowflake Inc. (NYSE:SNOW) (Q2) EPS for loss of 51 cents, compared to loss of 80 cents in the prior-year quarter

Hewlett Packard Enterprise Company (NYSE:HPE) (Q3) EPS of 81 cents, compared to 35 cents in the prior-year quarter.

Canada Featured Earnings

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Dye & Durham Ltd. (T. DND) (Q4) EPS of $2.24, compared to $2.03 in the prior-year quarter.

MAJOR DRILLING GRP (T.MDI) (Q1) EPS for 19 cents, compared to 10 cents in the prior-year quarter.

VersaBank (T.VBNK) (Q3) EPS of 41 cents, compared to 39 cents in the prior-year quarter.

Thursday

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Initial jobless claims (August 29)

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Ciena Corporation (NYSE:CIEN) (Q2) EPS of $1.45, compared to 41 cents in the prior-year quarter.

Copart, Inc. (NASDAQ:CPRT) (Q4) EPS of 39 cents, compared to 41 cents in the prior-year quarter.

Zscaler, Inc. (NASDAQ:ZS) (Q4) EPS for gain of six cents, compared to loss of four cents in the prior-year quarter

Canada Economic Lookahead

Canadian international merchandise trade (July) In June, Canada's merchandise exports increased 0.4%, while imports edged up 0.2%. As a result, Canada's merchandise trade surplus with the world widened slightly from $3.7 billion in May to $3.9 billion in June.

Canada Featured Earnings

BRP Inc (T.DOO) (Q2) EPS for loss of 64 cents, compared to gain of $1.83 in the prior-year quarter

Enghouse Systems Ltd (T.ENGH) (Q3) EPS of 33 cents, compared to 30 cents in the prior-year quarter

Tecsys Inc. (T.TCS) (Q1) EPS gain of 11 cents, compared to loss of two cents in the prior-year quarter

Friday

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KNOT Offshore Partners LP (NYSE:KNOP) (Q2) EPS for loss of three cents, $3.67, compared to gain of 20 cents in the prior-year quarter

Canada Economic Lookahead

Labour Force Survey (Aug.) Employment increased by 75,000 (+0.4%) in July and the employment rate rose 0.1 percentage points to 60.9%. The unemployment rate declined 0.1 percentage points to 6.4%

Ucore announces:

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

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1119/310605_b375ac6964164b8e_002full.jpg

"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."

# # #

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.

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

Michael Schrider, P.E., Ucore Vice President and Chief Operating 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 MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310605

Ucore announces:

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

To view an enhanced version of this graphic, please visit: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 sources
Constructing two conventional solvent-extraction ("CSX") pilot-scale circuits of 52 and 80 stages each
Directly 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 identical
- While proving RapidSX™ is faster and more efficient
Adapting 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 feedstocks
Demonstrating ESG standards for solids and liquids handling and reagent recoveries
Developing the back-end oxalate and oxide production processes
Scaling the RapidSX™ hardware for full-scale operation and factory acceptance testing

Customer 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 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.

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

Michael Schrider, P.E., Ucore Vice President and Chief Operating 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 MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304231

TEL AVIV, Israel, July 03, 2026 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company that develops and builds software-defined vehicle technology, today announced that it has received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that due to the fact that it has not regained compliance with Nasdaq Listing Rule 5550(a)(2), the Nasdaq staff has determined to delist the Company’s Class A ordinary shares (the “Ordinary Shares”) from The Nasdaq Capital Market (the “Delisting Determination”) and its Ordinary Shares will be suspended from trading on the Nasdaq Capital Market on July 7, 2026.

As previously reported, the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the closing bid price for its Ordinary Shares was below $1.00 per share (the “Minimum Bid Price Requirement”) for 30 consecutive business days beginning on May 15, 2025 through June 27, 2025. On July 1, 2025, Nasdaq notified the Company that the closing bid price of its Ordinary Shares had been below $1.00 for 30 consecutive business days, triggering a deficiency under the Minimum Bid Price Requirement. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided an initial 180-day period, through December 29, 2025, to regain compliance. On December 30, 2025, Nasdaq determined that REE met all other applicable continued listing criteria and was therefore eligible for an additional 180-day extension, through June 29, 2026, to cure the deficiency. Because the Company has not regained compliance with the Minimum Bid Price Requirement during the additional 180-days compliance period, Nasdaq sent the Delisting Determination on June 30, 2026.

The Company may request a hearing before the Nasdaq Hearings Panel by July 7, 2026, but does not intend to do so. The trading of the Company’s Ordinary Shares will be suspended on the Nasdaq Capital Market at the opening of business on July 7, 2026, and Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the Company’s securities from listing and registration on Nasdaq.

About REE Automotive

REE Automotive (Nasdaq: REE) is an automobile technology company that develops and produces cutting edge software-defined vehicle, or SDV, technology that manages vehicle operations and features through proprietarily-developed software, enabling what we believe to be safer, more modular, and better performing vehicles. Our advanced SDV technology utilizes zonal architecture to enhance redundancy and stability and it contains the capabilities for updates and improvements over-the-air throughout an SDV’s lifespan. This makes Powered by REE® vehicles highly adaptable to customer and market changes and our technology is designed in an effort to be future proofed, autonomous capable. As the first company to FMVSS certify a full by-wire vehicle in the U.S., REE’s proprietary by-wire technology for drive, steer and brake control eliminates the need for mechanical connection. Our approach of “complete not compete” allows original equipment manufacturers, or OEMs, and technology companies to license our technology in order to design and build vehicles reliant upon our SDV technology to their specific requirements and needs. To learn more about REE Automotive’s patented technology and unique value proposition that position the Company to break new ground in e-mobility, visit www.ree.auto.

Media ContactKeren ShemeshChief Marketing Officer for REE Automotiveinfo@REE.auto

Investor ContactHai AvivChief Finance Officer for REE Automotiveinvestors@REE.auto

Halifax, Nova Scotia–(Newsfile Corp. – June 1, 2026) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce a significant step forward in Canada's critical minerals strategy, having hosted senior officials from Natural Resources Canada ("NRCan") and other Government of Canada departments at its Commercialization and Demonstration Facility ("CDF") in Kingston, Ontario, on May 14, 2026. The high-level visit focused on Ucore's progress under Natural Resources Canada's Critical Minerals Research, Development and Demonstration ("CMRDD") program, and other federal initiatives to strengthen domestic rare earth element ("REE") supply chains.

During the visit, Ucore showcased the Company's advancements in REE separation using its patent pending RapidSX™ technology. Funding from the CMRDD program is advancing the Technology Readiness Level ("TRL") of Ucore's RapidSX™ technology platform through the production of neodymium-praseodymium ("NdPr") and Samarium ("Sm") products at the CDF from tonnes of Canada-friendly feedstock sources.

Figure 1 – Officials from The Government of Canada and NRCan at Ucore's CDFTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1119/299616_1aab133134930adc_002full.jpg

Discussions also explored the implementation of new policies supporting Canadian critical mineral independence and the standing up of the recently established $2 billion Critical Minerals Sovereign Fund.

Mike Schrider, P.E., Ucore's Vice President & Chief Operating Officer, emphasized the growing momentum behind the Company's Canadian operations:

"Our Kingston team has made demonstrable progress under the NRCan CMRDD program, continuing to prove the efficacy of RapidSX™ as a commercial-ready solution for the separation of both heavy and light rare earth elements. Hosting NRCan and other senior officials at our facility allowed us to show, firsthand, how we are turning policy into practice."

Dr. Ahmad Hussein, Head of External Affairs and Ucore's Advisory Board Member, highlighted the technical and strategic alignment with federal priorities:

"The visit confirmed that Ucore's work directly supports Canada's mandate to build secure, sustainable rare earth supply chains. Our progress in REE processing at the Kingston facility demonstrates the viability of on-shore separation. We are actively reviewing how the $2 billion Critical Minerals Sovereign Fund and new policy frameworks can be leveraged to scale our operations, reduce foreign dependency, and deliver long-term value for Canadian industry."

The RapidSX™ Commercialization and Demonstration Facility is the centerpiece of Ucore's Canadian strategy, positioning the Company as a key enabler of North American rare earth production. Ucore continues to work closely with federal partners to advance towards full commercial deployment in Canada.

.# # #

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-inclass 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 BokanDotson 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.

Regarding the disclosure in the press release above about government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. 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 supply chain participants 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 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™; unexpected cost overruns; 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. Michael Schrider, P.E., Ucore Vice President and Chief Operating 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 MacDonaldVice President, Investor Relations Ucore Rare Metals Inc. 1.902.482.5214 mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299616

Halifax, Nova Scotia–(Newsfile Corp. – April 16, 2026) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the arrival of a crucial piece of long-lead-time equipment at its Louisiana Strategic Metals Complex ("LA-SMC") in Alexandria, LA. The equipment was procured under the Company's US$22.4 million modified funding agreement with the US Army Contracting Command-Orlando and associated Defense Priorities & Allocations System ("DPAS") Rating. The equipment is a GMM Pfaudler US Inc. 4,000-gallon jacketed glass-lined reactor designed to leach a wide variety of planned Western mixed rare earth oxides ("MREO") and mixed rare earth carbonates ("MREC") to be received at the LA-SMC.

Figure 1 – A 4,000 Gallon Pfaulder Leaching Reactor Arriving at the Louisiana SMC

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1119/292865_aaf53998745cbbf4_001full.jpg

Ucore presented its DPAS DO-B8 rating in a September 19, 2025, news release and noted that a DPAS rating imposes legal obligations on equipment suppliers, requiring that fulfillment of any LA-SMC order be given preferential treatment over unrated orders to meet national defense and emergency preparedness requirements.

The offloading and placement of the Reactor within the LA-SMC was successfully coordinated by Ucore's selected LA-SMC construction management contractor, Ratcliff Construction of Alexandria, LA. A section of the end wall was removed and replaced to facilitate the placement of the reactor within the building.

"The arrival of this major piece of equipment is a significant milestone for the Ucore Team as we stay laser-focused on establishing commercial rare earth processing in Louisiana," stated Mike Schrider, P.E., Ucore Vice President and Chief Operating Officer. "Ucore is conducting a coordinated knowledge transfer of its RapidSX™ technology platform and ancillary processing systems from its Commercialization and Demonstration Facility [CDF] in Kingston, Ontario, to the LA-SMC. This effort will continue throughout 2026, with the installation of one RapidSX™ Machine scheduled for commissioning and product qualification trials in H1-2027."

Coordinated CDF to LA-SMC activities include:

Anticipated LA-SMC feedstock testing and separation trials at the CDF
Factory Acceptance Testing ("FAT") of the RapidSX™ Commercial Scale Equipment Platform at the CDF
LA-SMC Engineering, Procurement, and Construction ("EPC") personnel familiarization, design, procurement, construction, and/or testing of the CDF equipment and processes
LA-SMC personnel training at the CDF

# # #

About Ucore Rare Metals Inc.

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

Regarding the disclosure in the press release above about government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. 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 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 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. Michael Schrider, P.E., Ucore Vice President and Chief Operating 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 MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292865

Halifax, Nova Scotia–(Newsfile Corp. – April 14, 2026) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the completion of an upgraded mineral resource estimate ("Resource" or "Mineral Resource") for the Bokan Dotson-Ridge rare earth element project in Southeast Alaska ("Bokan"), together with the associated Technical Report (the "Technical Report"). The Technical Report has been prepared in accordance with both National Instrument 43-101 and SEC Regulation S-K 1300. The effective date of both the mineral resource estimate and the technical report is April 9, 2026.

A summary of the upgraded mineral resource estimate is as follows:

Measured Mineral Resource Estimate, Assuming TREO cut-off of 0.4%
CLASSIFICATION	TONNES	LREO(%)	HREO(%)	TREO(%)	Contained TREO (TONNES)
Measured	801,600	0.38	0.22	0.60	4,826
Indicated	3,369,800	0.35	0.23	0.58	19,545
Inferred	980,300	0.34	0.22	0.57	5,568

Notes:

Total Rare Earth Oxides (TREO) includes: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3

Heavy Rare Earth Oxides (HREO) includes: Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3

The mineral resource estimate was completed by Mr. Jim Robinson, a Senior Consulting Geologist at Aurora Geosciences (Alaska) Ltd. ("Aurora"). Mr. Robinson is an independent qualified person for the purposes of NI 43-101 standards of disclosure for mineral projects of the Canadian Securities Administrators and has reviewed and verified the technical and scientific content disclosed in this release. A Technical Report with the updated Mineral Resource estimate will be filed on SEDAR+ within 45 days.

The resource estimate is based on:

A database of 97 diamond drill holes totaling 20,000 m and 85 surface channels totaling 280 m. This diamond drilling and channel sampling was completed by Ucore in 2008, 2009, 2010, 2011, 2014, and 2022 on the Dotson Ridge zone.
All geochemical analyses were performed by ALS Chemex, Eco-tech Laboratories Ltd., Bureau Veritas (ACME Analytical), and Activation Laboratories.
The specific gravity ("SG") used is the overall mean of 2.77, determined from 309 SG readings.
Block model was estimated by the Inverse Distance Squared interpolation method on blocks of maximum 4 m x 4 m and minimum 1 m x 1 m dimensions.
All rare earth element ("REE") assays exceeding the 95% confidence level ("CL") were cut to the 95% CL for each element.
All intercepts with a true width of less than 1.5 m were diluted to a potential mining width of 1.5 m.

"While the Company's focus remains squarely on the deployment of RapidSXTM rare earth refining technology in our Louisiana SMC, the Bokan Dotson-Ridge property remains an important asset as the United States develops an independent rare earth supply chain," said Pat Ryan, Chairman and CEO of Ucore. "Critical minerals are not just commodities but are strategic national security inputs. As demand for rare earth elements continues to grow, the importance of this supply chain will only increase."

Rare earth grades by individual light rare earth oxide at the 0.4% cut-off are as follows:

CLASS	La2O3 (%)	Ce2O3 (%)	Pr2O3 (%)	Nd2O3 (%)	Sm2O3 (%)
MEASURED	0.07	0.18	0.02	0.086	0.022
INDICATED	0.07	0.16	0.02	0.080	0.021
INFERRED	0.07	0.16	0.02	0.079	0.021

Rare earth grades by individual heavy rare earth oxide at the 0.4% cut-off are as follows:

CLASS	Eu2O3 (%)	Gd2O3 (%)	Tb2O3 (%)	Dy2O3 (%)	Ho2O3 (%)	Er2O3 (%)	Tm2O3 (%)	Yb2O3 (%)	Lu2O3 (%)	Y2O3 (%)
MEASURED	0.002	0.022	0.004	0.024	0.005	0.012	0.002	0.009	0.001	0.142
INDICATED	0.002	0.022	0.004	0.025	0.005	0.013	0.002	0.009	0.001	0.149
INFERRED	0.002	0.022	0.004	0.024	0.005	0.013	0.002	0.009	0.001	0.144

An additional 801,600 tonnes of newly estimated Measured mineralization grading 0.60% of total rare earths ("TREO") at a cut-off grade of 0.40% TREO has now been added to the total Resource at Bokan, which is a result of a surface channel sampling program carried out on the property in the summer of 2022. After the sampling program was completed, a new deposit model was constructed and a new mineral resource was calculated.

The Company is additionally pleased to report that Bokan has an anomalous skew towards the more valuable heavy rare earths ("HREO") and this appears to be consistent across the entire deposit at 35-40% of the TREO. The Resource remains open both at depth and along strike.

The upgraded Resource has been prepared by Aurora. As a third-party consultant, Aurora was additionally responsible for the data collection, quality control, modeling, and reporting associated with the Resource estimate upgrade.

In keeping with the initial mine design set out by Stantec Inc. of Tempe, AZ, ("Stantec"; released April 18, 2012), the upgraded Mineral Resource excludes the I&L Zone (previously included in the initial resource estimate released by the Company March 7, 2011). On the recommendation of Stantec, I&L mineralization, located outside of the primary Dotson Zone of mineralization, will be examined as part of a prospective Phase II mine expansion program.

The drill-defined Mineral Resource at Bokan Dotson-Ridge commences at surface and is open both at depth and along strike. Additional information regarding significant drill results from the Company's prior exploration programs and maps and sections detailing the drill-hole locations and individual REE values are available at: www.ucore.com.

# # #

About Ucore Rare Metals Inc.

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

Regarding the disclosure in the press release above about Ucore's plan to file a Technical Report on SEDAR+ within 45 days, the Company has assumed that the Technical Report and the accompanying certificates and consents required under Part 8 of NI 43-101 will be filed in the short term. 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 Kingston 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 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.

Regarding the mineral resource estimate reported in this news release, there are several risks or factors which may affect the reported resource. These include but are not limited to:

changing economic factors such as metal prices, and mining, shipping, fuel, electrical, and other costs, changes to which could make some or all of the deposit uneconomic to mine, decreasing the resource, or could cause more of the deposit to become economic to mine, thereby adding to the resource;
new knowledge of the deposit geometry and metal distribution derived from further exploration or mining development;
changes to the permitting regime, rules, and regulations which could make it more efficient and cost effective to permit a mine, or make it not feasible to do so;
and government, aboriginal, community and NGO issues which could make the deposit more or less amenable to development and mineral extraction.

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

Qualified Person: James Robinson, P.Geo., and independent geologist from Aurora Geosciences (Alaska) Ltd., has prepared the technical data provided in this news release, is the qualified person responsible for its accuracy, and may be contacted at 1.902.482.5214.

For additional information, please contact:

Mark MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292398

Vancouver, British Columbia–(Newsfile Corp. – April 10, 2026) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") provides a corporate update.

CEO Statement

Henk van Alphen, CEO of Wealth Minerals, said: "The lithium landscape globally and in Chile is rapidly advancing due to higher lithium prices and a positive regulatory stance within Chile. The Wealth team has been busy as new interest from potential strategic partners in our assets is picking up. The appointment of a new director and a new legal team is directly tied to the corporate development plans of the Company. All together, these milestones reinforce our long-term commitment to Chile and to the responsible development of strategic lithium resources."

General Corporate Update

Wealth maintains ongoing engagement with local indigenous communities in several project areas, with a focus on transparency and long-term collaboration. The Company's Kuska Project development subsidiary Kuska Minerals SpA (see press release of July 14, 2025) is operating smoothly with regular Board of Director meetings with representatives from Wealth and the Quechua Indigenous Community of Ollagüe attending to manage the affairs of the Kuska Project. Regarding the Kuska Project, the Company is also expecting to engage in a Special Lithium Operation Contract (CEOL) with the State of Chile, which would grant Kuska Minerals SpA full rights to further developing such project into an operation.

Wealth is actively evaluating potential strategic partnerships for its projects, including discussions with international counterparties regarding capital investment, technical collaboration, and long-term off-take agreements.

The Company continues to prioritize the use of Direct Lithium Extraction ("DLE") technologies combined with brine reinjection, aiming to minimize environmental impact and water consumption. Management has maintained key relationships with technology providers who were instrumental in the development of the Kuska Project PEA (see press release of January 4, 2024).

Appointment of New Director, Kevin Nishi

The Company has appointed Mr. Kevin Nishi, former audit partner at Smythe LLP for 28 years, as an independent director. During his tenure at Smythe LLP, his main focus was the audit of public companies listed on the TSX, TSX Venture Exchange and in the U.S. During that time, he was also the engagement partner for several private companies and in his early career, conducted several business valuations and completed litigation support engagements. Mr. Nishi currently sits on two public company boards, Alaska Silver Corp. and Outcrop Silver & Gold Inc., and has held independent board positions with several other Canadian issuers over the years. Mr. Nishi is a Chartered Professional Accountant and has a BBA from Simon Fraser University.

Engagement of New Corporate Counsel

The Company has engaged DLA Piper as its new corporate counsel. DLA Piper is one of the world's largest and most prominent global law firms with more than 90 offices in over 40 countries spanning the Americas, Europe, Asia Pacific, the Middle East, and Africa. The firm employs approximately 4,800 lawyers and generates multi-billion-dollar annual revenue (ranking among the top three highest-grossing law firms globally in 2024). David Reid of DLA Piper will represent the Company. Mr. Reid is a senior partner at DLA Piper (Canada) LLP, based in the Vancouver office, where he serves as Global Co-Chair of the firm's Mining Sector, providing strategic advice on large-scale national and international transactions in the mining and natural resources industries.

Stock Option Grant

Pursuant to the Company's Amended 2004 Incentive Stock Option Plan, the Company has granted incentive stock options to directors, officers, employees and consultants of the Company to purchase up to 11,700,000 common shares in the capital stock of the Company. The options are exercisable on or before April 10, 2028 at a price of $0.10 per share.

Private Placement Clarification

Pursuant to the Company's news releases dated January 12, January 26, February 3 and February 25, the Company wishes to clarify the terms of the finder's warrants, whereby all finder's warrants issued pursuant to the financing are non-transferable at an exercise price of $0.12 and expire two years from closing.

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada and Chile. The Company's focus is the acquisition and development of lithium projects in South America.

The Company opportunistically advances battery metal projects where it has a peer advantage in project selection and initial evaluation. Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues with the industry meeting anticipated future demand. Wealth is positioning itself to be a major beneficiary of this future mismatch of supply and demand. In parallel with lithium market dynamics, Wealth believes other battery metals will benefit from similar industry trends.

For further details on the Company readers are referred to the Company's website (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR+ at www.sedarplus.ca.

On Behalf of the Board of Directors of

WEALTH MINERALS LTD.

"Hendrik van Alphen"Hendrik van AlphenChief Executive Officer

For further information, please contact:Marla Ritchie, Michael Pound or Henk van AlphenPhone: 604-331-0096 or 604-638-3886

For all Investor Relations inquiries, please contact:John LiviakisLiviakis Financial Communications Inc.Phone: 415-389-4670

For all Public Relations inquiries, please contact:Nancy ThompsonVorticom, Inc.Office: 212-532-2208 | Mobile: 917-371-4053

Follow Us:Facebook – https://www.facebook.com/WealthMineralsLtdLinkedin – https://www.linkedin.com/company/wealth-mineralsTwitter – https://www.twitter.com/WealthMinerals

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, timing and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral projects, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity markets generally, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's latest interim Management Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291905

By Fabian Cambero, Divya Rajagopal and Tom Daly

SANTIAGO, April 10 (Reuters) – Chile is set to break with precedent and open its annual global copper gathering next week with a day of panels devoted to lithium, as it seeks to decisively diversify beyond the red metal that has powered ‌its economy for decades.

The inaugural World Lithium Conference, organised by consultancy CRU and the International Lithium Association, will kick off what the copper industry knows ‌as CESCO Week in Santiago on Monday.

After months in the doldrums, lithium prices have rebounded to more than two-year highs as concerns over oil supplies from the war-hit Middle East spur fresh interest in the metal used in batteries for electric vehicles.

Lithium supply is meanwhile tightening due to the closure of a key mine in China, an export ban in Zimbabwe, and dwindling lithium carbonate stocks.

Chile has the world's third-largest lithium resources – after Argentina and Bolivia – at 13 million tons, according to the U.S. Geological Survey.

NEW PRESIDENT, NEW EXPECTATIONS

With five mining companies, including Rio Tinto , angling for development rights, Chile's new president, José Antonio Kast, is spoilt for choice as the country puts its vast deposits up for partnerships.

"The lithium strategy rolled out in ‌2023 was a pretty good direction, so what we are hoping is ⁠the new government takes it up and makes it simpler and faster to award new contracts," said Ignacio Mehech, CEO of CleanTech Lithium.

London-listed CleanTech has been awarded a license to produce lithium, but it still needs an environmental permit to mine. It is fundraising ⁠to contract a $750 million mine on the edge of the lithium-rich Salar de Laguna Verde.

MORE MINES AND MORE DEMAND

There is strong momentum behind lithium, with the number of active mining operations globally doubling over the past four years to reach close to 80 mines in 2026, according to CRU.

Demand for lithium in stationary batteries continues to grow, helping to offset weakness in the EV market, said CRU's head of lithium and battery materials, Martin Jackson.

"Lithium will remain the most competitive technology for its energy density for many years to come,” ‌he said.

Lithium carbonate prices in China are expected to average around $22 per kilogram this year, excluding VAT, according to CRU, an increase of about 135% from the previous year.

The investor community is also bullish. Investment bank Macquarie estimates global lithium demand will jump by more than 20% a year through the end of the decade due to demand from energy storage, even as growth in EV demand eases.

"Current market tightness suggests a compelling setup for sustained upward price momentum as demand inevitably outstrips delayed supply," said Asad Farid, director of the strategic materials equity fund at J. Safra Sarasin Sustainable Asset Management.

US-CHINA TENSIONS WEIGH

Chile's further diversification into lithium comes at a time when tensions ‌between China and the U.S. are spilling over into natural resource-rich regions like South America.

China has steadily increased its share of global lithium demand over the past four years, rising from 75% to nearly 90%. The Guangzhou Futures Exchange price for lithium has established itself as an industry benchmark.

Chile has already had a taste of the type of diplomatic balancing act required as it pursues a China ‌Mobile-backed fibre-optic link between the wine town of Valparaiso and Hong Kong despite U.S. objections.

"With the current approach of President Trump, perhaps we have to think twice if we go for Chinese investors," said Marcelo Awad, a mining veteran in Chile who is advising Wealth Minerals, a Toronto Stock Exchange-listed lithium company.

Wealth Minerals is in talks with India's state-run Coal India Limited about a potential joint venture and is looking for investors for its $750 million lithium mine.

However, some believe that ‌Chile should continue with its neutral stance.

"The biggest discussion here right now is how Chile will manage to keep good relations with every country, including China," CleanTech's Mehech said, adding that Chile cannot afford to choose one country over the other.

(Reporting by Fabián Cambero, Divya Rajagopal in Toronto and Tom Daly in London; Editing by Veronica Brown, Ernest Scheyder and Edwina Gibbs)

Halifax, Nova Scotia–(Newsfile Corp. – April 9, 2026) – ReeXploration Inc. (TSXV: REE) (FSE: K2I0) ("ReeXploration" or the "Company") is pleased to report positive preliminary results from its maiden uranium drilling program at the Eureka Project ("Eureka" or the "Project") in central Namibia.

The 11-hole, 1,729 m reconnaissance program successfully intersected widespread radiometric anomalies within favorable geological settings associated with Rössing-style uranium mineralization.

Radiometric results reported herein are preliminary and subject to confirmation from downhole radiometric surveys and laboratory geochemical analysis.

Highlights:

All 11 drill holes intersected favorable leucogranite rocks which are associated with major Namibian uranium deposits such as Rössing and Etango
Elevated radioactivity, up to 640 counts per second ("cps"), was intersected in 5 of 11 holes within leucogranites and associated contact zones with chemically reactive lithologies
Multiple leucogranite units were intersected in every drillhole, confirming the widespread structural favourability for leucogranite emplacement adjacent to the Eureka Dome
In addition, near-surface (overburden) uranium mineralization identified in 7 of 11 holes, including visible carnotite, demonstrating a secondary target type (Langer Heinrich-style)

"We are highly encouraged by the results from our first uranium drilling program at Eureka," said Christopher Drysdale, Interim CEO. "The program has successfully validated our Rössing-style exploration model, confirming the presence of the right rocks in the right structural settings, along with widespread elevated radiometric responses indicating the potential scale of the system. Importantly, we are seeing indications of both primary and near-surface uranium mineralization, highlighting the multi-target potential of the Project. We look forward to advancing these results with further downhole radiometrics and geochemical analysis."

Drilling Program Overview

The drilling program was designed to test for primary uranium mineralization hosted within leucogranites beneath shallow cover. Drill holes were oriented at -55° to -60° toward the west to test steeply east-dipping stratigraphy belonging to the Arandis Formation.

Drill hole lengths ranged from approximately 140 m to 200 m, corresponding to vertical depths of approximately 120 m to 160 m below surface. Several holes were drilled as fences to evaluate, at a preliminary level, geological continuity and the distribution of leucogranite intrusions.

Drill hole locations are shown in Figure 1 and details are summarized in Table 1.

Leucogranite Drilling Results (Rössing-Style Targets)

Drilling confirmed the presence of sheeted leucogranites in contact with carbonate-bearing and sulphidic lithologies (Arandis Formation), which are known to be favourable contact rock types for uranium-bearing leucogranites in Namibia.

Leucogranite intersections ranged from a few metres up to 20 metres thick, with multiple stacked units/sheets per hole (2 to 26 intersections).

Elevated radioactivity readings were recorded within these units and associated contact zones using a handheld RS-125 spectrometer on drill core, including highlights of:

577 cps over 4.20 m from 80.00 to 84.20 m (drill hole SU26-04)
560 cps over 2.50 m from 56.00 to 58.50 m (drill hole SU26-11)
410 cps over 9.75 m from 66.25 to 76.00 m (drill hole SU26-11)
460 cps over 2.50 m from 134.75 to 137.25 m (drill hole SU26-08)

Portable XRF readings support the presence of uranium mineralization.

These results confirm the presence of a favourable geological system and support the Company's Rössing-style exploration model.

SU26-04: Coarse-grained pegmatitic leucogranite in contact with calc-silicates.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6102/291675_reeexploration1.jpg

SU26-04: Leucogranite with elevated radioactivity, 577 cps over 4.2 metres from 80.00 to 84.2 metresTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6102/291675_reeexploration2.jpg

SU26-08: Altered leucogranite with elevated radioactivity occurring in micaceous shear zone, 460 cps over 2.5 metres from 134.75 to 137.25 metres.

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6102/291675_reeexploration3.jpg

Gypcrete-Calcrete Drilling Results (Langer Heinrich-Style Targets)

Although not the primary focus of the program, near-surface uranium mineralization was encountered in 7 of 11 drill holes, including visible carnotite (secondary uranium mineral) within calcrete and gypcrete horizons.

Notable results, using a handheld RS-125 spectrometer on drill core, include:

545 cps over 4.7 m from 0 to 4.7 m (drill hole SU26-06)
473 cps over 11.2 m from 0 to 11.2 m (drill hole SU26-09)
400 cps over 2.7 m from 0 to 2.7 m (drill hole SU26-05)
390 cps over 3.5 m from 0 to 3.5 m (drill hole SU26-08)

Portable XRF readings supported the presence of uranium mineralization in the overburden.

These observations highlight additional discovery potential for Langer Heinrich-style calcrete-hosted uranium mineralization, providing a secondary exploration target across the Project.

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6102/291675_reeexploration4.jpg

Next Steps

The Company plans to:

Complete downhole radiometric surveys
Conduct laboratory geochemical analysis of drill core
Integrate the drilling results with existing Project datasets to establish mineralization vectors and refine target areas for follow-up
Plan additional surveys and follow-up drilling programs

Figure 1: Location of 2026 Drill CollarsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6102/291675_reeexploration5.jpg

Table 1: Drill Hole Details

Hole ID	X(WGS84 UTM Z33S)	Y(WGS84 UTM Z33S)	Azimuth	Dip	Length (m)
SU26-01	523365	7560778	270°	-60°	152.3
SU26-02	523738	7560935	270°	-60°	167.25
SU26-03	523294	7560779	270°	-55°	155.3
SU26-04	523487	7560800	270°	-55°	200.3
SU26-05	523372	7560188	250°	-55°	152.1
SU26-06	523080	7559884	250°	-55°	152.3
SU26-07	523458	7560217	250°	-55°	152.3
SU26-08	523817	7559596	250°	-55°	152.3
SU26-09	522009	7560450	250°	-55°	152.3
SU26-10	523609	7561729	300°	-55°	143.1
SU26-11	523749	7559570	250°	-55°	149.4

Qualified Person and Technical Disclosure

Tolene Kruger, BSc. (Hons), M.Sc., is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Ms. Kruger is registered as Professional Natural Scientist (Pr.Sci.Nat.) with the South African Council for Natural Science Professions (SACNASP, Reg. No.: 148182), and a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Ms. Kruger is not independent of the Company under NI 43-101.

The RS-125 handheld gamma-ray spectrometer is factory calibrated using certified potassium, uranium and thorium standards, with field verification conducted on calibration pads of known radioelement concentrations. The instrument maintains measurement accuracy through automatic energy stabilization using natural background radiation. The Company also periodically checks the spectrometer against known radioactive sources in the field (e.g., areas of visible mineralization) to confirm it is functioning properly.

About ReeXploration Inc.

ReeXploration (TSXV: REE) (FSE: K2I0) is a Canadian exploration company positioned to help meet surging global demand for secure, responsible supplies of critical minerals essential to the clean energy transition, advanced technologies and national defense. The Company's flagship Eureka Project in central Namibia pairs a technically proven rare earth foundation – supported by the production of a clean monazite concentrate – with a newly defined, high-priority uranium target located within one of the world's most established uranium corridors. Together, these commodities provide multi-path discovery potential aligned with accelerating global efforts to diversify critical mineral and nuclear fuel supply. Supported by a Namibia-based technical team and guided by global critical minerals experts, ReeXploration is advancing a disciplined, discovery-led strategy, building a credible, ESG-aligned platform positioned to benefit from the global race to diversify and secure responsible supply chains.

Caution Regarding Forward-Looking Information

This press release may contain forward-looking information. This information is based on current expectations and assumptions (including assumptions relating to general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking information. ReeXploration does not assume any obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by securities laws applicable to ReeXploration. Additional information identifying risks and uncertainties is contained in the filings made by ReeXploration with Canadian securities regulators, which filings are available at www.sedarplus.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further details are available on the Corporation's website at www.rareearthexploration.com or contact Christopher Drysdale, Interim CEO of ReeXploration Inc., at +1 902-334-1949, contact@rareearthexploration.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291675

Ucore highlights:

Ucore and Vulcan Elements executed a Memorandum of Understanding to build a domestic, secure rare earth magnet supply chain for defense and commercial applications.
Ucore will provide initial NdPr and Dy oxide samples to Vulcan this year, leading to a long-term commercial supply agreement beginning in 2027.
Together, Ucore and Vulcan Elements are onshoring an integrated rare earth magnet supply chain. Ucore's Louisiana Strategic Metals Complex will directly feed Vulcan's North Carolina manufacturing facilities.
Vulcan announced a $1.4 billion partnership with the United States Government to build the largest rare earth magnet factory in the world outside of China, with 10,000 metric tonnes of magnet manufacturing capacity.

Halifax, Nova Scotia–(Newsfile Corp. – March 24, 2026) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the execution of a Memorandum of Understanding dated March 16, 2026 with Vulcan Elements Inc. ("Vulcan") to collaborate on the development of a domestic rare earth magnet supply chain for defense and commercial applications. Under the agreement, the parties intend to finalize a full commercial supply partnership whereby Ucore would supply Vulcan with NdPr oxide and Dy oxides at commercial scale beginning in 2027.

The collaboration aligns Ucore's demonstrated separation platform at its Commercial Demonstration Facility ("CDF") in Kingston, Ontario, and its planned Louisiana Strategic Metals Complex ("SMC") in Alexandria, Louisiana, with a leading American magnet manufacturer. Vulcan currently operates a commercial magnet manufacturing facility in Durham, North Carolina, and is expanding to a 10,000 tonne magnet manufacturing facility in Benson, North Carolina. The facility is enabled by a $1.4 billion partnership with the United States Government, including the Department of War and the Department of Commerce. In May 2025, Ucore announced an $18.4 million Award by the Department of War to develop its rare earth processing capabilities in Louisiana.

Ucore intends to make a portion of its planned Louisiana SMC capacity available to Vulcan beginning in 2027. The collaboration would create a direct commercial bridge from Ucore's demonstration-scale separation work in Kingston to commercial-scale production in Louisiana, while supporting Vulcan's manufacturing in North Carolina.

Pat Ryan, P.Eng., Chairman & Chief Executive Officer of Ucore, stated:"Vulcan is building exactly the kind of downstream magnet platform that the United States needs, and this partnership creates a winning commercial partnership that aligns Ucore's separation capability with an industry-leading U.S. manufacturer. Our collaboration will anchor a resilient allied rare earth magnet supply chain in the United States."

John Maslin, Chief Executive Officer of Vulcan Elements, commented:"Since its inception, Vulcan Elements' mission has been to build a domestic rare earth magnet supply chain that can propel America into the 21st century and enable the next era of innovation and national security. Vulcan's partnership with Ucore is a milestone for both companies, and for the United States of America. Together, we're rebuilding a core industry that is critical for economic growth and national security."

This year, Ucore and Vulcan intend to advance initial production, testing protocols, purity targets, acceptance criteria, and other technical specifications in support of Vulcan's magnet manufacturing capability-leading to a longer-term commercial supply agreement.

About Ucore Rare Metals Inc.

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.

About Vulcan Elements

Vulcan Elements manufactures sintered permanent neodymium iron boron (NdFeB) magnets in the United States for critical defense and commercial applications. NdFeB magnets convert electricity into motion. They are essential components in almost every advanced machine and electronic device-from AI data centers and semiconductor fabrication equipment to satellites, drones, robotics, electric motors, and virtually all military platforms. Vulcan remains committed to advancing technological innovations, galvanizing America's manufacturing workforce, and collaborating with both public and private sector stakeholders to strengthen the domestic rare earth magnet supply chain.

For further information, please visit www.vulcanelements.com

Forward-Looking Statements

Regarding the disclosure in the press release above about government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. 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 May 18, 2025) (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. 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

Ucore:

Mark MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com

Vulcan Elements:

Jonah Glick-UntermanChief of StaffVulcan ElementsJonah@vulcanelements.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289691

Ucore Rare Metals Inc. reported full-year 2025 results showing a wider net loss of C$39.26 million, with basic and diluted loss per share from continuing operations at C$0.46, compared with the prior year.
The sharp increase in annual losses has sharpened investor focus on Ucore’s financial resilience and the path forward for its rare metals ambitions.
We’ll now examine how Ucore’s significantly wider full-year net loss may influence its investment narrative and perceived financial resilience.

Uncover the next big thing with 13 elite penny stocks that balance risk and reward.

What Is Ucore Rare Metals' Investment Narrative?

To own Ucore Rare Metals today, you have to believe that its RapidSX™ technology and emerging North American supply-chain role can eventually justify owning a pre-revenue company with a history of widening losses. The latest C$39.26 million full-year loss intensifies questions around cash runway and funding, especially with prior going-concern flags and recent dilution, and the sharp share price pullback suggests the market sees this as material. Near term, the main catalysts still sit around Phase 2 progress for RapidSX, government funding flows, and converting MOUs like VAC and Yangibana into binding offtake and financing arrangements, but the higher loss profile makes timing and structure of future capital raises a much bigger part of the story. In that sense, this earnings print does not change the core thesis so much as it raises the stakes around execution risk and balance sheet resilience.

However, that bigger loss figure brings a funding risk that current shareholders cannot really ignore.

Despite retreating, Ucore Rare Metals' shares might still be trading above their fair value and there could be some more downside. Discover how much.Exploring Other PerspectivesTSXV:UCU 1-Year Stock Price Chart Seven Simply Wall St Community fair value views span roughly C$2.26 to C$22.64 per share, reflecting very different expectations. Set against the latest C$39.26 million loss, this spread highlights how strongly opinions can diverge on whether future government-backed projects and partnerships will offset funding and dilution pressures.

Explore 7 other fair value estimates on Ucore Rare Metals – why the stock might be worth over 4x more than the current price!

Decide For Yourself

Disagree with this assessment? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

A great starting point for your Ucore Rare Metals research is our analysis highlighting 2 key rewards and 5 important warning signs that could impact your investment decision.
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Companies discussed in this article include UCU.V.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

NEW YORK, March 20, 2026 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the March 19th OTCQX Best 50 Virtual Investor Conference are now available for On-Demand viewing.

The event featured presentations and Q&A sessions with executives from companies listed on the OTCQX® Best Market, the premier tier of the OTC Markets. Participating companies represented a diverse range of industries including mining and critical minerals, semiconductors, aviation, global retail, and materials.

Investors, advisors, and analysts can now access presentations at their convenience.

The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company’s resource section.

Select companies are accepting 1×1 management meeting requests through March 24th.

Schedule 1×1 meetings here

Featured Company Presentations Include:

Presentation	Ticker(s)
Ucore Rare Metals, Inc.	(OTCQX: UURAF\| TSXV: UCU)
Ahold Delhaize	(OTCQX: ADRNY; AHODF \| AMS: AD)
Impala Platinum Holdings Ltd.	(OTCQX: IMPUF; IMPUY \| JSE: IMP)
Infineon Technologies AG	(OTCQX: IFNNY; IFNNF \| FSE: IFX)
Heliostar Metals Ltd.	(OTCQX: HSTXF \| TSXV: HSTR)
Deutsche Lufthansa AG	(OTCQX: DLAKF, DLAKY \| FSE: LHA)
J Sainsbury plc	(OTCQX: JSAIY, JSNSF \| LSE: SBRY)
Altius Minerals Corp.	(OTCQX: ATUSF \| TSX: ALS)
Guanajuato Silver Company Ltd.	(OTCQX: GSVRF\| TSXV: GSVR)

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

About Virtual Investor Conferences®Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

Virtual Investor Conferences Contact:John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@otcmarkets.com

Ucore Rare Metals Inc (OTCQX:UURAF) is among the rare earth stocks to buy with high upside. On March 6, Ucore Rare Metals Inc (OTCQX:UURAF) provided updates regarding its samarium and gadolinium rare earth oxides production project. This project is focused on producing these rare-earths for aerospace, defense, and strategic industrial supply chains.

According to Ucore Rare Metals, the Pentagon on March 1 requested proposals to boost domestic production of these rare-earths and other critical minerals. Additionally, the company says that US defense procurement restrictions regarding certain magnets are set to tighten significantly from January 2027. In light of these, defense contractors are in a rush to qualify Western-aligned sources of these rare-earths.

According to Ucore Rare Metals Inc (OTCQX:UURAF), its rare-earths production technology dubbed RapidSX is just what US defense contractors are looking for. It says RapidSX doesn’t rely on Chinese equipment or technology.

Ucore Rare Metals Inc (OTCQX:UURAF) has received around $22.4 million in Pentagon funding to support domestic production of heavy rare-earths. Last month, the company highlighted the sharp difference in rare-earth prices inside and outside China. It noted that some rare-earth prices were five times more outside China than inside. According to the company, this indicates a short supply of these elements, and that this situation enhances its rare-earths refining strategy.

Ucore Rare Metals Inc (OTCQX:UURAF) is a heavy rare-earth elements processing company. It’s headquartered in Canada but has projects in the US. Its flagship rare-earths project is in Alexandria, Louisiana, where the company is deploying its proprietary RapidSX separation technology.

While we acknowledge the potential of UURAF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Disclosure: None. Follow Insider Monkey on Google News.

Company executives will discuss their business strategies, provide updates on recent developments, and answer questions live from investors.

NEW YORK, March 17, 2026 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the OTCQX Best 50 Virtual Investor Conference to be held March 19, 2026.

The event will feature presentations and live Q&A sessions from executives of companies listed on the OTCQX® Best Market, the premier tier of the OTC Markets. Participating companies represent a diverse range of industries including mining and critical minerals, semiconductors, aviation, global retail, and materials.

Individual investors, institutional investors, advisors, and analysts are invited to attend.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to attend live presentations or schedule one-on-one meetings with company management.

Schedule 1×1 meetings here.

"Each of our OTCQX companies has a unique story, and this Thursday's Virtual Investor Conference will capture that diversity better than most," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "From global retailers and aviation giants to critical minerals explorers and semiconductor leaders, this roster reflects the full breadth and depth of our OTCQX Best Market. We are excited to give U.S. investors direct access to these executives and the strategies and convictions behind each one."

March 19th

EasternTime (ET)	Presentation	Ticker(s)
9:30 AM	Ucore Rare Metals, Inc.	(OTCQX: UURAF\| TSXV: UCU)
10:00 AM	Ahold Delhaize	(OTCQX: ADRNY; AHODF \| AMS: AD)
10:30 AM	Impala Platinum Holdings Ltd.	(OTCQX: IMPUF; IMPUY \| JSE: IMP)
11:00 AM	Luca Mining Corp.	(OTCQX: LUCMF\| TSXV: LUCA)
11:30 AM	Infineon Technologies AG	(OTCQX: IFNNY; IFNNF \| FSE: IFX)
12:00 PM	Heliostar Metals Ltd.	(OTCQX: HSTXF \| TSXV: HSTR)
12:30 PM	Deutsche Lufthansa AG	(OTCQX: DLAKF, DLAKY \| FSE: LHA)
1:00 PM	J Sainsbury plc	(OTCQX: JSAIY, JSNSF \| LSE: SBRY)
1:30 PM	Altius Minerals Corp.	(OTCQX: ATUSF \| TSX: ALS)
2:00 PM	Guanajuato Silver Company Ltd.	(OTCQX: GSVRF\| TSXV: GSVR)
2:30 PM	Endeavour Mining plc	(OTCQX: EDVMF \| TSX: EDV)

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

Virtual Investor Conferences Contact:John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@otcmarkets.com

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.

Why Ucore Rare Metals Stock Is Back in Focus

Ucore Rare Metals (TSXV:UCU) is drawing attention after highlighting government-backed plans to scale its RapidSX rare earth refining technology for samarium and gadolinium, supported by up to CA$36.3 million in conditional Canadian funding.

The update ties Ucore’s project directly to Western defense and aerospace supply chains, as Canada’s CA$6.6b Defence Industrial Strategy and the United States “Project Vault” critical minerals initiative target non Chinese sources of key rare earth inputs.

See our latest analysis for Ucore Rare Metals.

At a share price of CA$6.46, Ucore Rare Metals has seen a 16.2% 90 day share price return and an 11.0% year to date share price return, while the 1 year total shareholder return is more than 7x, suggesting recent defense focused news is resonating with investors even after pockets of short term volatility.

If this defense supply chain story has caught your attention, it could be a moment to see what else is happening across 30 best rare earth metal stocks as another way to spot potential opportunities in critical materials.

With Ucore trading at CA$6.46, sitting well below the analyst price target yet priced after a very large 1-year total return, investors may ask whether there is still potential upside or if the market has already fully reflected expectations for future growth.

Preferred Price-to-Book Multiple of 15.8x: Is It Justified?

On a P/B basis, Ucore Rare Metals screens as expensive, with a 15.8x multiple versus 3.4x for the wider Canadian Metals and Mining industry and 14.3x for its peer group.

The P/B ratio compares a company’s share price to its book value per share, which is essentially the accounting value of its net assets. For resource developers like Ucore that are still loss making and generating minimal revenue, investors often lean on P/B because earnings based multiples are not yet meaningful.

Here, the market is valuing each dollar of Ucore’s book value at more than four times the broader sector average. This is while the company is unprofitable, reports a net loss of CA$33.29m, and currently makes less than CA$1m in revenue. That combination suggests buyers are paying a premium multiple that hinges heavily on expectations for future revenue growth and a path to profitability, rather than current financial performance.

When you compare Ucore’s 15.8x P/B to the 3.4x industry average and the 14.3x peer average, the gap is clear and points to a materially richer valuation than many metals and mining names with lower multiples. With no fair ratio available to indicate where the multiple might settle over time, the current price level appears heavily skewed toward future execution.

See what the numbers say about this price — find out in our valuation breakdown.

Result: Price-to-book of 15.8x (OVERVALUED)

However, investors still face real risks, including Ucore’s current CA$33.29m net loss and its reliance on the successful execution of its rare earth projects and refining technology.

Find out about the key risks to this Ucore Rare Metals narrative.

Another View: DCF Points in a Different Direction

While the 15.8x P/B ratio makes Ucore Rare Metals look expensive next to the 3.4x Canadian Metals and Mining average and the 14.3x peer group, our DCF model tells a different story. At CA$6.46, the shares are trading about 70.9% below an estimated future cash flow value of CA$22.20, which raises a simple question: is the market overpaying for book value or underappreciating potential cash flows?

Look into how the SWS DCF model arrives at its fair value.

UCU Discounted Cash Flow as at Mar 2026

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Ucore Rare Metals for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 9 high quality undervalued stocks. If you save a screener we even alert you when new companies match – so you never miss a potential opportunity.

Next Steps

Does this mix of optimism and caution match how you see Ucore, or does it feel out of sync with the risks and rewards you care about most? Take a closer look now and weigh both sides through 2 key rewards and 5 important warning signs before you settle on your own stance.

Ready to Expand Your Watchlist?

If Ucore has sharpened your focus on critical materials, do not stop here. A few minutes with the right screeners could surface ideas you will wish you had seen earlier.

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Seek out tomorrow’s potential standouts before they hit the spotlight using our screener containing 8 high quality undiscovered gems built around strong fundamentals.

Companies discussed in this article include UCU.V.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.

Ucore Rare Metals (TSXV:UCU) has drawn fresh attention after reporting the submission of its final Phase 1 documentation under an agreement with the US Department of War, which focuses on its RapidSX rare earth separation technology.

See our latest analysis for Ucore Rare Metals.

The Phase 1 report appears to have arrived after a sharp pullback, with a 30 day share price return of a 25.81% decline and a 1 day gain of 2.90%. The 1 year total shareholder return remains extremely high, and short term momentum looks to be cooling after strong year to date and 90 day share price gains.

If this rare earths update has your attention, it could be a good moment to see what else is available in the sector. You can use our 31 best rare earth metal stocks as a starting point.

With Ucore Rare Metals posting a very high 1 year total return, trading at a large discount to its analyst price target and intrinsic value estimate, and experiencing a recent 30 day pullback, is there still a buying opportunity here, or is the market already pricing in future growth?

Preferred Price to Book Multiple of 16.8x: Is It Justified?

On traditional metrics, Ucore Rare Metals looks expensive, with a P/B ratio of 16.8x against the Canadian Metals and Mining industry average of 3.8x and a peer average of 15.1x. This is the case even though the shares last closed at CA$7.10 and are flagged as trading at a large discount to both analyst price targets and the SWS DCF estimate of future cash flow value.

P/B compares the market value of the company to its book value, which can matter a lot for resource focused businesses where hard assets and projects sit heavily on the balance sheet. A 16.8x P/B suggests investors are paying a substantial premium over the company’s reported net assets, despite Ucore currently generating no revenue and reporting a net loss of CA$33.29m.

Relative to its sector, that premium is steep, with the P/B multiple more than 4x the broader Canadian Metals and Mining industry average of 3.8x and also above the 15.1x peer average. This points to the market attaching a high expectation to Ucore’s future projects and forecasts, at a time when the company has less than 1 year of cash runway, is unprofitable, and has seen substantial shareholder dilution and significant insider selling over the past 3 months.

See what the numbers say about this price — find out in our valuation breakdown.

Result: Price to book ratio of 16.8x (OVERVALUED)

However, there are clear pressure points here, including less than 1 year of cash runway and recent shareholder dilution, which could weigh on how the story plays out.

Find out about the key risks to this Ucore Rare Metals narrative.

Another View: DCF Suggests A Very Different Story

While the 16.8x P/B ratio makes Ucore Rare Metals look expensive next to the 3.8x industry average and 15.1x peer average, our DCF model points in the opposite direction. At CA$7.10, the shares are flagged as trading about 69.4% below an estimated future cash flow value of CA$23.24, which presents a very different picture of potential risk and reward. So which signal do you put more weight on: the rich balance sheet multiple or the discounted cash flow gap?

Look into how the SWS DCF model arrives at its fair value.

UCU Discounted Cash Flow as at Feb 2026

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Ucore Rare Metals for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 8 high quality undervalued stocks. If you save a screener we even alert you when new companies match – so you never miss a potential opportunity.

Next Steps

With mixed signals across valuation methods, do you feel the market is being too cautious or too optimistic here? If you want to move quickly and build your own view using the same data we see, take a close look at the balance of 2 key rewards and 5 important warning signs.

Looking for more investment ideas?

If this story has you thinking harder about where to put your money next, do not stop here. Broaden your watchlist with ideas built from hard numbers.

Target potential mispricings by reviewing our 8 high quality undervalued stocks that score well on quality and valuation checks.
Prioritise resilience with a focused look at companies in the 7 resilient stocks with low risk scores that show fewer red flags on our risk models.
Spot tomorrow’s potential standouts early by scanning the screener containing 6 high quality undiscovered gems before everyone else starts paying attention.

Companies discussed in this article include UCU.V.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Vancouver, British Columbia–(Newsfile Corp. – February 25, 2026) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") announces, further to their news releases dated January 12, January 26 and February 3, 2026, that they have closed the final tranche of the private placement. On February 25, 2026, the Company issued an additional 6,825,000 units at $0.08 per unit for gross proceeds of $546,000. The aggregate units issued total 19,575,000 and aggregate gross proceeds of $1,566,000. Each unit consisted of one common share and one-half of one common share purchase warrant at $0.12, expiring on February 25, 2028. All securities issued have a four-month plus one day hold period.

Finder's fees were paid to Canaccord Genuity Corp. ($3,920 cash and 49,000 finder's warrants and Haywood Securities Inc. ($2,800 cash and 35,000 finder's warrants).

The securities offered have not been and will not be registered under the United States Securities Act of 1933 (the "U.S. Securities Act"), as amended, or any applicable state securities laws and may not be offered or sold in the United States or to "U.S. persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests Chile. The Company's focus is the acquisition and development of lithium projects in South America.

For further details on the Company readers are referred to the Company's website (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR+ at www.sedarplus.ca.

On Behalf of the Board of Directors

WEALTH MINERALS LTD.

"Hendrik van Alphen"Hendrik van AlphenChief Executive Officer

For further information, please contact:Marla Ritchie, Michael Pound or Henk van AlphenPhone: 604-331-0096 or 604-638-3886

For all Investor Relations inquiries, please contact:John LiviakisLiviakis Financial Communications Inc.Phone: 415-389-4670

For all Public Relations inquiries, please contact:Nancy ThompsonVorticom, Inc.Office: 212-532-2208 | Mobile: 917-371-4053

Follow Us:Facebook – https://www.facebook.com/WealthMineralsLtdLinkedin – https://www.linkedin.com/company/wealth-mineralsTwitter – https://www.twitter.com/WealthMinerals

Cautionary Note Regarding Forward-Looking Statements

**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285377

Halifax, Nova Scotia–(Newsfile Corp. – February 23, 2026) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to comment on recent price increases for a number of rare earth elements, in addition to the significant bifurcation of pricing inside of China versus outside of pricing.

On April 4, 2025, China imposed export controls on seven heavy rare earth elements— including dysprosium, terbium, samarium and gadolinium- with related oxides, metals, and permanent magnets. These restrictions, aimed at strengthening oversight of critical, dual-use materials, require exporters to obtain licenses, impacting global supply chains in electronics, defense, and EV industries and remain in place today.

As a result, dysprosium oxide prices in China recently increased to over $200 per kg, with ex-China pricing more than 5 times that, at $1,000/kg. Terbium oxide has increased to $900/kg in China, with prices over $4,500 per kg outside of China. The significant price discrepancies for rare earths inside China versus the rest of the world are most pronounced for these heavy rare earths, reflecting the lack of supply of these critical materials.

With respect to light rare earth oxides, praseodymium-Neodymium Oxide recently increased to the $120 per kg range in China and as high as $140 per kg in North America.

"These price differentials, particularly for the heavy rare earth elements, on which the US Department of War (DoW) has funded Ucore to focus, underscore the importance of the developing North American supply chain," said Pat Ryan, Chairman and CEO of Ucore. "While markets remain dynamic, the emergence of premium pricing for secure, Western-aligned supply supports the long-term fundamentals underlying our commercial strategy. Capturing the margin upside with a first mover refining strategy centered on the Louisiana SMC at this early stage, is a smart approach."

Ucore is advancing its RapidSX™ separation technology platform and planned commercial processing facilities in North America with a focus on both heavy (Terbium and Dysprosium) and light (Praseodymium-Neodymium) rare earths, as well as Samarium and Gadolinium, for with there is currently negligible supply outside of China. The Company's strategy targets the midstream processing and refining segment of the rare earth supply chain — a critical stage that has historically been concentrated in China.

TSX-Venture 50

The Company is further pleased to announce that it has been ranked second overall on the 2026 TSX Venture 50, the TSX Venture Exchange's annual ranking of the top-performing companies listed on the Exchange.

The TSX Venture 50 recognizes the top 50 TSXV-listed companies based on three equally weighted performance metrics over the previous year: (i) one-year share price appreciation, (ii) market capitalization growth, and (iii) Canadian consolidated trading value. Ucore's second-place ranking was supported by a 1,109% increase in market capitalization, reflecting heightened investor recognition of the Company's progress in advancing rare earth separation and refining capacity in North America.

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1119/284886_e44468d684b57958_001full.jpg

OTCQX Best 50

The OTCQX recently announced that Ucore ranked number 1 on its list of 50 top performing companies on the OTCQX Best Market based on 2025 total return and average daily dollar volume growth. Ucore's ranking on these platforms, supported by significantly increased trading activity and market capitalization growth, reflects enhanced liquidity that improves access, price discovery, and flexibility for our shareholders.

# # #

About Ucore Rare Metals Inc.

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.

Regarding the disclosure in the press release above about government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. 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 Q3-2025 (filed on SEDAR+ on November 25, 2025) (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. 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. Michael Schrider, P.E., Ucore Vice President and Chief Operating 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 MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284886

Halifax, Nova Scotia–(Newsfile Corp. – February 17, 2026) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the submission of final reporting under Phase 1 of its Other Transaction Agreement ("OTA" or "Agreement") with the US Department of War (the "Project"). As outlined in the Agreement, the report was submitted to the US Army Contracting Command – Orlando and included both a Final Demonstration Report and a Final Techno-Economic Analysis ("TEA") detailing the work conducted at Ucore's RapidSX™ Commercialization and Demonstration Facility ("CDF").

The report addressed a number of items, including the following:

Project objective and scope demonstrating a better approach to Chinese utilized conventional solvent extraction ("CSX"), including continuous improvement modifications to the RapidSX™ Demonstration Plant implemented during execution;
The demonstrated results of RapidSX™ processing applying the time-proven chemistry of solvent extraction chemistry much more efficiently through the combination of reaching chemical equilibrium faster within a smaller physical equipment footprint;
Results of processing tonnes of a real-world heavy mixed rare earth oxide ("MREO") feedstock with proprietary and patent-pending computerized RapidSX™ columns versus CSX mixer/settler units;
Analysis of Project results for refining "heavy" rare earth as well as samarium and gadolinium, which are crucial to national defense, green energy, EVs, and emerging industries; and
Milestones, Key Performance Metrics, Continuous Improvement of the Technical Approach, Lessons Learned, and Benefits to the US Government and Other Stakeholders.

The primary results of the Final Report focused on comparing the Company's proprietary RapidSX™ technology platform with concurrent testing in a neighboring conventional solvent extraction pilot plant, also constructed by Ucore. CSX is the only technology currently being used at a significant commercial scale for the refining of rare earth elements. Separating individual elements, such as neodymium from praseodymium or dysprosium from terbium, requires sophisticated solvent-extraction chemical processes. As demonstrated through the work at the CDF, the modular RapidSX™ technology platform executed the solvent extraction chemistry with precision and flexibility.

Phase 1 of the Project resulted in approximately 6,000 hours of run time on the Company's RapidSX™ Demonstration Plant in a simulated commercial production environment and the production of thousands of liters of PrNd, SmEuGd, Sm, Gd, Tb, and Dy chloride products – with additional small batch amounts of oxide products. There were over 10,000 points of recovery and purity comparisons with conventional SX, clearly demonstrating RapidSX™ technology's efficacy with respect to planned commercial operational parameters and the smart deployment of capital, enabled by its inherent scalability and modularity.

Figure 1 – 3D Engineered Model of LA-SMC RapidSX™ Contactor Factory Acceptance Testing Program – DoW Phase 2

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1119/284146_3c7d07646453db2f_001full.jpg

Phase 2

Phase 2 of the Agreement, which was executed in May of 2025, is currently underway, with 5 of 20 milestones completed to date. Work under Phase 2 of the Agreement will culminate in the construction, commissioning, and demonstration of one commercial-scale RapidSX™ machine at the Company's commercial processing facility in Alexandria, Louisiana – The Louisiana Strategic Metals Complex. Subsequent RapidSX™ machines installed in series will form the first stage of 2,500 tonnes per annum of total rare earth oxide ("TREO") processing for rare earth oxide production.

"Breaking the Chinese advantages of state-backed processing capacity requires a 21st century approach with digital manufacturing savvy and a reasonable deployment of capital," said Pat Ryan, P.Eng., Chairman and CEO of Ucore Rare Metals Inc. "The completion of the Phase I Report for the DoW under our OTA and a path to commercialization with Phase 2 financial support clearly shows processing independence has become a national security priority for the US Administration worthy of sustained investment."

The Company anticipates releasing more detailed information on the Project's results and the Techno-Economic Assessment upon formal acceptance by the US Army Contracting Command – Orlando, which is expected in the coming weeks.

# # #

About Ucore Rare Metals Inc.

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

Regarding the disclosure in the press release above about government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. 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 Q3-2025 (filed on SEDAR+ on November 25, 2025) (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. 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. Michael Schrider, P.E., Ucore Vice President and Chief Operating 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 MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284146

Vancouver, British Columbia–(Newsfile Corp. – February 3, 2026) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") announces, further to their news releases dated January 12 and 26, 2026, that they have closed a first tranche of the private placement. On January 30, 2026, the Company issued 12,750,000 units at $0.08 per unit for gross proceeds of $1,020,000. Each unit consists of one common share and one-half of one common share purchase warrant at $0.12, expiring on January 30, 2028. All securities issued have a four-month plus one day hold period.

Finder's fees were paid to Red Cloud Securities Inc. ($1,400 cash and 17,500 finder's warrants, EDE Asset Management Inc. ($32,480 cash and 406,000 finder's warrants) and IBK Capital Corp. ($3,360 cash and 42,000 finder's warrants).

The Company expects to close the final, fully subscribed, tranche within the next week or so.

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests Chile. The Company's focus is the acquisition and development of lithium projects in South America. Presently the Company is working to diversify its asset base to include precious metal projects.

For further details on the Company readers are referred to the Company's website (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR+ at www.sedarplus.ca.

On Behalf of the Board of Directors

WEALTH MINERALS LTD.

"Hendrik van Alphen"

Hendrik van AlphenChief Executive Officer

For further information, please contact:Marla Ritchie, Michael Pound or Henk van AlphenPhone: 604-331-0096 or 604-638-3886

For all Investor Relations inquiries, please contact:John LiviakisLiviakis Financial Communications Inc.Phone: 415-389-4670

For all Public Relations inquiries, please contact:Nancy ThompsonVorticom, Inc.Office: 212-532-2208 | Mobile: 917-371-4053

Facebook – https://www.facebook.com/WealthMineralsLtdLinkedin – https://www.linkedin.com/company/wealth-mineralsTwitter – https://www.twitter.com/WealthMinerals

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, timing and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral projects, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity markets generally, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's latest interim Management Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282259

Ucore Rare Metals recently faced pressure during a broad metals-sector downturn, as investors reacted to risk-off sentiment and a stronger US dollar while watching upcoming macro events such as the Lunar New Year in China.
At the same time, the company’s plan to move its RapidSX rare earth separation technology toward commercial deployment in Louisiana by mid-2026 kept attention on its role in the evolving critical minerals supply chain.
We’ll now examine how this combination of sector-wide volatility and Ucore’s RapidSX commercialization efforts may shape the company’s investment narrative.

Find companies with promising cash flow potential yet trading below their fair value.

What Is Ucore Rare Metals' Investment Narrative?

To own Ucore Rare Metals today, you have to believe in the long-term need for Western-controlled rare earth separation and in RapidSX becoming a commercially relevant part of that supply chain. The recent 14.6% drop during the metals-sector selloff looks more like a sentiment shock than a thesis change, but it does underline how exposed Ucore is to risk-off moves while it has no revenue, widening losses and less than a year of cash runway. Near term, the key catalysts still sit around advancing RapidSX toward the planned Louisiana commercialization by mid-2026, firming up offtake and supply agreements such as the VAC and Yangibana frameworks, and securing additional funding on acceptable terms. The recent volatility simply makes those funding and execution risks feel more immediate.

However, one risk around funding and shareholder dilution is particularly important for investors to understand.
Despite retreating, Ucore Rare Metals' shares might still be trading above their fair value and there could be some more downside. Discover how much.Exploring Other PerspectivesTSXV:UCU 1-Year Stock Price Chart

Seven fair value estimates from the Simply Wall St Community span roughly CA$2.40 to CA$23.97, showing how far apart private investors are on Ucore’s potential. Set against that wide range, the recent sector-wide pullback and Ucore’s larger losses keep the focus on whether RapidSX progress and future funding decisions can support the business through to planned commercialization, something readers may want to examine from several angles.

Explore 7 other fair value estimates on Ucore Rare Metals – why the stock might be worth less than half the current price!

Build Your Own Ucore Rare Metals Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes – extraordinary investment returns rarely come from following the herd.

A great starting point for your Ucore Rare Metals research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision.
Our free Ucore Rare Metals research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate Ucore Rare Metals' overall financial health at a glance.

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Companies discussed in this article include UCU.V.

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Event overview and why it matters for investors

Ucore Rare Metals (TSXV:UCU) has publicly backed U.S. efforts to build more resilient domestic critical mineral supply chains, highlighting its Louisiana Strategic Metals Complex and RapidSX rare earth separation technology as part of that push.

See our latest analysis for Ucore Rare Metals.

Those comments around U.S. critical mineral policy come at a time when Ucore Rare Metals’ share price has moved sharply, with a 30 day share price return of 80.29%, a 90 day share price return of 34.60% and a year to date share price return of 69.76%. The 1 year total shareholder return is very large at over 13x, indicating strong recent momentum on top of an already substantial multi year total shareholder return base.

If this kind of critical minerals story has your attention, it could be a good moment to widen the lens and check out fast growing stocks with high insider ownership as potential next ideas.

With Ucore posting very strong recent returns and trading at a 59.51% discount to one intrinsic value estimate, as well as a 23.14% discount to the CA$12.17 analyst target, is there still a buying opportunity here or is the market already pricing in future growth?

Preferred Price-to-Book Multiple of 23.2x: Is it justified?

On a P/B basis, Ucore Rare Metals trades at 23.2x, which is well above peers and the broader Canadian Metals and Mining industry.

The P/B ratio compares the company’s market value to its book value, so a higher figure usually reflects strong expectations around future assets, profitability or both. For a business that is currently loss making with minimal reported revenue and less than one year of cash runway, that kind of premium suggests investors are placing a lot of weight on future project execution and the potential value of its rare earth assets and technology.

Against that backdrop, Ucore Rare Metals also screens as trading at a 59.5% discount to one SWS DCF fair value estimate of CA$24.40 per share and at a discount to the CA$12.17 analyst target. In other words, while the P/B multiple looks expensive versus the sector, some investors may see that premium as reflecting expectations around the growth forecasts already flagged in analyst models, including revenue growth forecasts and the path to profitability.

Relative to the Canadian Metals and Mining industry average P/B of 3.8x and a peer average of 7.5x, Ucore Rare Metals’ 23.2x multiple is far higher, pointing to much stronger market expectations than for typical sector names.

See what the numbers say about this price — find out in our valuation breakdown.

Result: Price-to-book ratio of 23.2x (OVERVALUED)

However, that premium sits against almost no current revenue and a CA$33.29m net loss, so any setback in project execution or funding could quickly test sentiment.

Find out about the key risks to this Ucore Rare Metals narrative.

Another view on value: DCF points the other way

While the 23.2x P/B makes Ucore Rare Metals look expensive next to the 3.8x industry average and 7.5x peer level, our DCF model tells a different story. On that framework, the shares trade at a 59.5% discount to an estimated fair value of CA$24.40 per share.

If the book based premium reflects optimism that later proves too high, the P/B ratio could compress. If the DCF assumptions are closer to reality, current pricing could instead reflect a gap between expectations and projected cash flows. Which signal do you think better fits your risk appetite?

Look into how the SWS DCF model arrives at its fair value.

UCU Discounted Cash Flow as at Jan 2026

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Ucore Rare Metals for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 877 undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match – so you never miss a potential opportunity.

Build Your Own Ucore Rare Metals Narrative

If you see the numbers differently or prefer to test your own assumptions, you can build a custom view of Ucore in just a few minutes: Do it your way.

A great starting point for your Ucore Rare Metals research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision.

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Companies discussed in this article include UCU.V.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Vancouver, British Columbia–(Newsfile Corp. – January 26, 2026) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth"), announces that further to its news release dated January 12, 2026, due to strong investor demand, has increased the size of its previously announced private placement from up to 12,500,000 million units of the Company to up to 18,750,000 units in the capital of the Company (the "Units") at a subscription price of $0.08 per Unit for gross proceeds of up to $1,500,000. All terms and conditions remain the same as provided in the January 12, 2026 release.

The Company further confirms that there is no undisclosed material information.

Hendrik van Alphen, CEO of Wealth Minerals, stated "The response to our placement announcement has been extremely positive, no doubt due to our recent CEOL news and the favorable lithium market backdrop. After a prolonged lull in the lithium market, the demand for lithium is surging as the world realizes anew that commodities cannot be printed, they must be created in reality. Lithium Carbonate Equivalent now trades above US$23,000 per tonne, up strongly for the past six months and I believe this price strength will continue for some time. The Wealth team is working hard on corporate development and I look forward to sharing with the investor public news of our progress in 2026."

Stock Option Grant

Pursuant to the Company's Amended 2004 Incentive Stock Option Plan, the Company has granted incentive stock options to directors, officers, employees and consultants of the Company to purchase up to 8,700,000 common shares in the capital stock of the Company. The options are exercisable on or before January 26, 2028 at a price of $0.10 per share.

About Wealth Minerals Ltd.

For further details on the Company readers are referred to the Company's website (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR+ at www.sedarplus.ca.

On Behalf of the Board of Directors

WEALTH MINERALS LTD.

"Hendrik van Alphen"Hendrik van AlphenChief Executive Officer

For further information, please contact:Marla Ritchie, Michael Pound or Henk van AlphenPhone: 604-331-0096 or 604-638-3886

For all Investor Relations inquiries, please contact:John LiviakisLiviakis Financial Communications Inc.Phone: 415-389-4670

For all Public Relations inquiries, please contact:Nancy ThompsonVorticom, Inc.Office: 212-532-2208 | Mobile: 917-371-4053

Follow Us: Facebook – https://www.facebook.com/WealthMineralsLtdLinkedin – https://www.linkedin.com/company/wealth-mineralsTwitter – https://www.twitter.com/WealthMinerals

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, timing and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral projects, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity markets generally, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's latest interim Management Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281524

REE Automotive Ltd. (NASDAQ:REE) is possibly approaching a major achievement in its business, so we would like to shine some light on the company. REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, Germany, and internationally. With the latest financial year loss of US$112m and a trailing-twelve-month loss of US$100m, the US$23m market-cap company alleviated its loss by moving closer towards its target of breakeven. As path to profitability is the topic on REE Automotive's investors mind, we've decided to gauge market sentiment. In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable.

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According to the 2 industry analysts covering REE Automotive, the consensus is that breakeven is near. They expect the company to post a final loss in 2027, before turning a profit of US$28m in 2028. So, the company is predicted to breakeven approximately 3 years from today. How fast will the company have to grow each year in order to reach the breakeven point by 2028? Working backwards from analyst estimates, it turns out that they expect the company to grow 60% year-on-year, on average, which is rather optimistic! If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict.

NasdaqCM:REE Earnings Per Share Growth December 31st 2025

We're not going to go through company-specific developments for REE Automotive given that this is a high-level summary, but, bear in mind that generally a high forecast growth rate is not unusual for a company that is currently undergoing an investment period.

Check out our latest analysis for REE Automotive

One thing we would like to bring into light with REE Automotive is its relatively high level of debt. Generally, the rule of thumb is debt shouldn’t exceed 40% of your equity, which in REE Automotive's case is 61%. A higher level of debt requires more stringent capital management which increases the risk around investing in the loss-making company.

Next Steps:

This article is not intended to be a comprehensive analysis on REE Automotive, so if you are interested in understanding the company at a deeper level, take a look at REE Automotive's company page on Simply Wall St. We've also compiled a list of relevant aspects you should further research:

Historical Track Record: What has REE Automotive's performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.

Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on REE Automotive's board and the CEO’s background.

Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

REE Automotive Ltd.

Extension Allows Additional Time to Meet Minimum Bid Price Requirement
Company Remains Focused on Compliance Strategy and Execution

TEL AVIV, Israel, Dec. 30, 2025 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE), an automotive technology company that develops software-defined vehicle (SDV) technology solutions, today announced that the Nasdaq Stock Market LLC (Nasdaq) has granted the Company’s request for a 180-day extension to meet the $1 minimum bid price requirement.

On July 1, 2025, Nasdaq notified the Company that the closing bid price of its Class A ordinary shares had been below $1.00 for 30 consecutive business days, triggering a deficiency under the Minimum Bid Price Requirement. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), REE was provided an initial 180-day period through December 29, 2025 to regain compliance.

Following REE’s requested extension, on December 30, 2025 Nasdaq determined that REE meets all other applicable continued listing criteria and granted REE an additional 180-day extension through June 29, 2026 to cure the deficiency. During this second compliance period, REE’s Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “REE,” and the extension has no immediate effect on the listing or trading of the Company’s securities.

To regain compliance, the Company’s ordinary shares must achieve a closing bid price of at least $1.00 per share for at least a minimum of 10 consecutive business days during the additional compliance period, in accordance with Nasdaq Listing Rule 5810(c)(3)(H), after which Nasdaq will provide written confirmation of compliance. The Company intends to monitor the closing bid price of its shares and evaluate all available options to regain compliance within the allotted timeframe, including effecting a reverse stock split, if necessary.

“We remain focused on executing our strategy and are committed to taking the steps necessary to regain compliance with Nasdaq’s listing requirements,” said Daniel Barel, Co-founder and CEO of REE. “We appreciate Nasdaq’s consideration and the additional time provided as we continue to advance our technology and engage with partners and customers.”

About REE AutomotiveREE Automotive (Nasdaq: REE) is an automotive technology company that develops and produces software-defined vehicle (SDV) technology designed to manage vehicle operations and features through proprietary software. REE’s advanced Zonal SDV Architecture is designed to integrate seamlessly with legacy systems to improve vehicle safety, performance, and reliability. By centralizing key vehicle functions, the architecture seeks to enhance modularity, redundancy, and stability, and to enable safer and more efficient vehicle platforms. Powered by secured AI and deep over-the-air upgradability, REE’s technology allows for continuous updates and improvements throughout a vehicle’s lifespan. This makes Powered by REE® vehicles adaptable to customer and market changes and designed with future autonomy and connectivity in mind. REE was the first company to FMVSS certify a full by-wire vehicle in the U.S. Its proprietary by-wire technology for drive, steer, and brake control removes the need for mechanical linkages, supporting flexible design and optimized performance. Through its approach of “complete not compete,” REE enables original equipment manufacturers and technology companies to license its SDV technology, allowing them to design and build vehicles tailored to their specific requirements using REE’s scalable, future-ready platform. To learn more visit www.ree.auto.

Media ContactKeren Shemesh Chief Marketing Officer for REE AutomotiveMedia@ree.auto

Investor ContactHai AvivChief Finance Officer for REE Automotiveinvestors@ree.auto

Caution About Forward-Looking StatementsThis press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include, among others, statements regarding the Company’s ability to regain compliance with minimum bid price requirement by June 29, 2026, any additional time to regain compliance thereafter, including through a reverse stock split, and any appeal of any Nasdaq determination to delist REE’s Class A ordinary shares. Actual results of matters addressed in these forward-looking statements involve risks and uncertainties and may differ substantially from those expressed or implied. Factors that could cause actual results to differ are discussed in the sections entitled “Cautionary Note Regarding Forward-Looking Statements”, “Risk Factors”, and “Operating and Financial Review and Prospects” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 15, 2025, as updated by the REE’s subsequent filings with the SEC. In addition, the memorandum of understanding is non-binding and contains different project phases, which may not occur and/or result in successful completion. The forward-looking statements in this press release speak only as of the date of this press release, and we undertake no obligation to update any forward-looking statements.

REE Automotive Ltd.

TEL AVIV, Israel, Dec. 30, 2025 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company that develops software-defined vehicle (SDV) technology and provides full by-wire platforms, today announced financial results for the six months ended June 30, 2025.

“Over the past several months, we’ve taken decisive actions intended to accelerate delivery of our software-defined vehicle technologies, improve our cost structure, and strengthen execution. This includes shifting from capital-intensive vehicle production to a technology-first approach focused on collaborating with original equipment manufacturers (OEMs) and strategic partners with the goal of bringing our technology to the market faster and to drive broad adoption across multiple vehicle platforms,” said Daniel Barel, Co-Founder and Chief Executive Officer of REE. “During this period, we implemented meaningful changes to optimize our cost structure while deepening existing strategic partnerships and pursuing new opportunities with companies that benefit from our SDV technology.”

“We met our goal and converted the previously announced MOU with a leading technology company into a binding agreement. This program will be focused on developing a software-defined autonomous public transport shuttle based on REE’s Zonal Architecture SDV technology and utilizes our REEcorner™. During the development program, REE will design and manufacture several prototypes, and any procurement of the REEcorner™ for serial production will be subject to a separate serial supply agreement. The implementation of the binding agreement is pending the satisfaction of certain closing conditions by the leading technology company, which are outside of REE’s control. If the closing conditions are satisfied, the program is expected to commence and is estimated to generate up to approximately $107 million over a two-year period following commencement.”

“In November 2025, we also announced an MOU with Mitsubishi Fuso Truck and Bus Corporation (Mitsubishi Fuso) to explore and evaluate the application of our SDV capabilities, including our Zonal Architecture SDV and x-by-wire technologies, in a commercial-vehicle context. The joint project under the MOU is already underway and as part of this collaboration, the companies plan to assess the integration of REE’s technology on a Mitsubishi Fuso platform and evaluate the potential for broader future use, subject to the outcomes of the evaluation and any subsequent agreements. We believe there is significant potential with Mitsubishi Fuso to expand our SDV offering to the market post-2030, subject to completing a successful evaluation of our technology and entering into a separate nomination agreement.

“Additionally, we have recently signed an MOU with Cascadia Motion (a wholly-owned subsidiary of BorgWarner Inc.) to co-develop and commercialize a next generation electric drive unit (EDU) built on REEcorner™ technology. This compact, cross-platform combines BorgWarner’s Cascadia expertise with REE’s technology to provide OEMs with a scalable solution that meets growing global demand for electrification. Under a phased plan, including a royalty-bearing arrangement, Cascadia will have an exclusive option to distribute the EDU, and with the market estimated by industry research estimates to double by 2035, we believe this partnership may position REE to capture significant growth.

“Operationally, we made significant progress on delivering on our commitment to reduce our operating expenses1 from a monthly average of approximately $6 million in the first half of 2025 to an estimated monthly average of $3.1 to $3.3 million in the fourth quarter of 2025. We are currently targeting to reduce it further to approximately $1.8 million per month by the end of the first quarter of 2026, subject to the execution of our cost reduction plan, which includes a reduction-in-force, other operational efficiencies and other factors, representing a 70% reduction compared to the first half of 2025. We believe that this disciplined approach underscores our commitment to delivering our long-term objectives and creating value for our shareholders,” said Daniel Barel.

Six Months Financial Results as of June 30, 2025, and Recent Highlights

$54.7 million in cash & cash equivalents as of June 30, 2025, compared to $72.3 million in cash & cash equivalents and short-term investments as of December 31, 2024. Each inclusive of a credit facility in the amount of $18 million. As of November 30, 2025, our cash and cash equivalents were $17.2 million, excluding the credit facility.
Free Cash Flow (FCF) burn increased by 31% from $39.9 million for the six months ended June 30, 2024 to $52.5 million for the six months ended June 30, 2025, primarily derived from production-related costs in the first quarter of 2025 that were mainly derived from tooling investments and inventory as part of the P7 program.
U.S. Generally Accepted Accounting Principles (GAAP) net loss decreased by approximately 33% from $36.0 million for the six months ended June 30, 2024 to $24.3 million for the six months ended June 30, 2025. The year-over-year (YoY) decrease in net loss was primarily driven by non-cash income from the remeasurement of warrants and derivative liabilities. This income was partially offset by non-cash inventory write-downs and impairment of long-lived assets, as well as by the recognition of a UK research and development (R&D) tax credit and grants from the UK government in the first half of 2024.
Non-GAAP net loss increased by approximately 8% from $33.7 million for the six months ended June 30, 2024 to $36.5 million for the six months ended June 30, 2025. The YoY increase was primarily driven by the recognition of a UK R&D tax credit and grants from the UK government in the first half of 2024.

A reconciliation of GAAP to non-GAAP measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Prepared remarks and a review of H1 financial are available at: LINK

To learn more about REE Automotive’s patented technology and unique value proposition that position the company to break new ground in e-mobility, visit www.ree.auto.

1 Monthly average for operating expenses sets forth the Company’s ongoing operating expenses while excluding one-time charges including but not limited to: non-cash expenses such as impairment, inventory write-offs and share-based compensation expenses, one-time costs related to our production pause and reduction-in-force plans, grants received and R&D tax credits and other non-recurring expenses that are not considered by the management as ongoing operating expenses.

Non-GAAP Financial Measures

We have provided financial information in this press release that has not been prepared in accordance with GAAP. These non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similar measures presented by other companies. We use these non-GAAP financial measures internally in analyzing our financial results and believe they are useful to investors, as a supplement to GAAP measures, in evaluating our ongoing operational performance. We believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing our financial results with peer companies, many of which present similar non-GAAP financial measures to investors.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures provided in the financial statement tables below.

We believe that Free Cash Flow (FCF) tis a liquidity measure that provides useful information to management and investors about the amount of cash used in our operational activities and capital expenditures. Free Cash flow burn represents the negative cash outflow used in our activities as explained above.

We believe that non-GAAP net loss reflects an additional means of evaluating REE’s ongoing operating results and trends. We believe that this non-GAAP measure provides useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

About REE Automotive

REE Automotive (Nasdaq: REE) is an automotive technology company that develops and produces software-defined vehicle (SDV) technology designed to manage vehicle operations and features through proprietary software. REE’s advanced Zonal SDV Architecture is designed to integrate seamlessly with legacy systems to improve vehicle safety, performance, and reliability. By centralizing key vehicle functions, the architecture seeks to enhance modularity, redundancy, and stability, and to enable safer and more efficient vehicle platforms. Powered by secured AI and deep over-the-air upgradability, REE’s technology allows for continuous updates and improvements throughout a vehicle’s lifespan. This makes Powered by REE® vehicles adaptable to customer and market changes and designed with future autonomy and connectivity in mind. REE was the first company to FMVSS certify a full by-wire vehicle in the U.S. Its proprietary by-wire technology for drive, steer, and brake control removes the need for mechanical linkages, supporting flexible design and optimized performance. Through its approach of “complete not compete,” REE enables original equipment manufacturers and technology companies to license its SDV technology, allowing them to design and build vehicles tailored to their specific requirements using REE’s scalable, future-ready platform. www.REE.auto

Caution About Forward-Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include, among others, statements regarding REE’s strategic shift to a technology-first business model; the anticipated timing, scope, benefits, and value of collaborations, commercial arrangements, and development programs; the potential to generate up to $107 million in revenue under a binding agreement that replaced a previously announced MOU; the potential for the closing conditions of the binding agreement with a leading technology company to be met and such agreement to be implemented; anticipated future agreements; market opportunities, including the EDU market doubling by 2035; targeted cash burn reductions and liquidity; the belief that REE’s disciplined approach underscores its commitment to delivering its long-term objectives and creating value for its shareholders; and projected capital needs. Although REE has entered into a binding agreement that contemplates up to $107 million in potential revenue, REE cannot predict whether or when the related project will commence. Project commencement depends solely on the satisfaction of specified closing conditions by the counterparty, which are outside REE’s control. If those conditions are not met, or are met later than expected, the project may be delayed or may not proceed, and anticipated revenue may never be realized. Actual results of matters addressed in these forward-looking statements involve risks and uncertainties and may differ substantially from those expressed or implied. Factors that could cause actual results to differ are discussed in the sections entitled “Cautionary Note Regarding Forward-Looking Statements”, “Risk Factors”, and “Operating and Financial Review and Prospects” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 15, 2025, as updated by the REE’s subsequent filings with the SEC, including in the section titled “Risk Factors” in Exhibit 99.3 to Form 6-K that we furnished to the SEC on December 30, 2025. In addition, each of our memorandums of understanding contain aspects that are non-binding and different phases, which may not occur and/or result in successful completion. Market and industry forecasts are inherently uncertain and actual market growth may differ materially from such estimates. Our ability to execute our strategic plan depends on our ability to maintain sufficient liquidity, access capital if needed, and manage cash expenditures. Even where we enter into binding agreements or MOUs, counterparties may delay or fail to perform, may not proceed to commercialization, may not exercise options or enter into serial production or nomination agreements, and we may not realize anticipated revenue, royalties, or other benefits. The forward-looking statements in this press release speak only as of the date of this press release, and we undertake no obligation to update any forward-looking statements.

REE AUTOMOTIVE LTD.Condensed Consolidated Statements of Comprehensive LossU.S. dollars in thousands (except share and per share data) (Unaudited)
	Six Months Ended
		June30,			June30,
		2025			2024
Revenues	$	184		$	160
Cost of revenues		14,504			1,455
Gross loss	$	(14,320	)	$	(1,295	)
Operating expenses:
Research and development expenses, net		30,040			23,421
Selling, general and administrative expenses		11,525			14,101
Other expenses		20,080			—
Total operating expenses		61,645			37,522
Operating loss	$	(75,965	)	$	(38,817	)
Income from warrants remeasurement		38,539			1,880
Financial income, net		11,289			2,261
Net loss before income tax		(26,137	)		(34,676	)
Taxes on income (tax benefit)		(1,823	)		1,294
Net loss	$	(24,314	)	$	(35,970	)
Net comprehensive loss	$	(24,314	)	$	(35,970	)
Basic and diluted net loss per Class A ordinary share	$	(0.81	)	$	(3.01	)
Weighted average number of ordinary shares used in computing basic and diluted net loss per share		30,043,892			11,934,325

REE AUTOMOTIVE LTD.Condensed Consolidated Balance SheetsU.S. dollars in thousands (except share and per share data) (Unaudited)
	June30,2025			December31,2024
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	54,668		$	72,262
Accounts receivable		53			11
Inventory		—			3,075
Other accounts receivable and prepaid expenses		6,404			7,158
Total current assets		61,125			82,506

NON-CURRENT ASSETS:
Non-current restricted cash		1,998			2,510
Other accounts receivable and prepaid expenses		2,421			3,091
Operating lease right-of-use assets		16,863			20,063
Property and equipment, net		7,135			22,110
Total non-current assets		28,417			47,774
TOTAL ASSETS	$	89,542		$	130,280

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Short term loan	$	18,004		$	18,008
Trade payables		2,429			5,602
Other accounts payable and accrued expenses		10,538			7,966
Operating lease liabilities		4,184			4,607
Total current liabilities		35,155			36,183

NON-CURRENT LIABILITIES:
Warrants liability		2,611			41,150
Convertible promissory notes		3,841			14,758
Deferred tax liability		—			1,782
Operating lease liabilities		11,986			13,279
Total non-current liabilities		18,438			70,969
TOTAL LIABILITIES		53,593			107,152

SHAREHOLDERS’ EQUITY:
Ordinary shares of no par value		—			—
Additional paid-in capital		1,008,153			971,018
Accumulated deficit		(972,204	)		(947,890	)
Total shareholders’ equity		35,949			23,128
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	89,542		$	130,280

REE AUTOMOTIVE LTD.Condensed Consolidated Statements of Cash FlowsU.S. dollars in thousands (Unaudited)
	Six Months Ended
	June 30,2025			June 30,2024
Cash flows from operating activities:

Net loss	$	(24,314	)	$	(35,970	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		2,000			1,608
Share-based compensation		2,773			5,638
Change in fair value of warrants liability		(38,539	)		(1,880	)
Change in fair value of derivative liability		(11,787	)		(1,448	)
Amortization of discount of convertible promissory note		407			224
Interest expenses		459			433
Impairment of long-lived assets		20,080			—
Decrease in accrued interest on short-term investments		—			168
Decrease (increase) in inventory		3,075			(1,585	)
Decrease (increase) in accounts receivable		(42	)		455
Increase in other accounts receivable and prepaid expenses		(479	)		(4,829	)
Change in operating lease right-of-use assets and liabilities, net		1,156			449
Increase (decrease) in trade payables		(3,432	)		506
Increase (decrease) in other accounts payable and accrued expenses		2,572			(2,237	)
Increase (decrease) in deferred tax liability		(1,782	)		436
Net cash used in operating activities		(47,853	)		(38,032	)

Cash flows from investing activities:

Purchase of property and equipment		(4,615	)		(1,916	)
Proceeds from short-term investments		—			20,000
Net cash provided by (used in) investing activities		(4,615	)		18,084

Cash flows from financing activities:

Proceeds from issuance of Ordinary shares, net		34,361			14,463
Proceeds from exercise of options and warrants		1			—
Repayment of short term loan		(18,000	)		(15,000	)
Proceeds from short term loan		18,000			15,000
Net cash provided by financing activities		34,362			14,463

Decrease in cash, cash equivalents and restricted cash		(18,106	)		(5,485	)
Cash, cash equivalents and restricted cash at beginning of year		74,772			44,240
Cash, cash equivalents and restricted cash at end of period	$	56,666		$	38,755

Reconciliation of GAAP Financial Metrics to Non-GAAPU.S. dollars in thousands (except share and per share data) (Unaudited)Reconciliation of Net Loss to Adjusted EBITDA
	Six Months Ended
	Jun 30,2025			Jun 30,2024
Net loss on a GAAP Basis	$	(24,314	)	$	(35,970	)
Financial income, net		(11,289	)		(2,261	)
Taxes on income (tax benefit)		(1,823	)		1,294
Income from warrants remeasurement		(38,539	)		(1,880	)
Depreciation, amortization and accretion		4,211			3,273
Share-based compensation		2,773			5,638
Inventory write-downs and non-recurring expenses related to pause in production (1)		13,390			—
Impairment of long-lived assets (2)		20,080			—
Non-recurring expenses related to reduction-in-force (3)		1,886			—
Adjusted EBITDA	$	(33,625	)	$	(29,906	)

(1) Includes inventory write-downs to net realizable value and write-offs of inventory that currently has no operational use and one-time costs related to the pause in production.(2) Impairment charges of long-lived assets.(3) Includes one-time expenses related to reduction-in-force plan.

Reconciliation of net cash used in operating activities to Free Cash Flow
	Six Months Ended
	Jun 30,2025			Jun 30,2024
Net cash used in operating activities	$	(47,853	)	$	(38,032	)
Purchase of property and equipment		(4,615	)		(1,916	)
Free Cash Flow	$	(52,468	)	$	(39,948	)

Reconciliation of GAAP operating expenses to Non-GAAP operating expenses; GAAP net loss to Non-GAAP net loss, and presentation of Non-GAAP net loss per Share, basic and diluted:
	Six Months Ended
	Jun 30,2025			Jun 30,2024
GAAP operating expenses	$	61,645		$	37,522
Share-based compensation		(2,773	)		(5,638	)
Impairment of long-lived assets (2)		(20,080	)		—
Non-recurring expenses related to reduction-in-force (3)		(1,886	)		—
Non-GAAP operating expenses	$	36,906		$	31,884

GAAP net loss	$	(24,314	)	$	(35,970	)
Income from warrants remeasurement		(38,539	)		(1,880	)
Income from derivatives remeasurement		(11,787	)		(1,448	)
Share-based compensation		2,773			5,638
Inventory write-downs and non-recurring expenses related to pause in production (1)		13,390			—
Impairment of long-lived assets (2)		20,080			—
Non-recurring expenses related to reduction-in-force (3)		1,886			—
Non-GAAP net loss	$	(36,511	)	$	(33,660	)

Weighted average number of ordinary shares used in computing basic and diluted net loss per share		30,043,892			11,934,325
Non-GAAP basic and diluted net loss per share	$	(1.22	)	$	(2.82	)

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