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.

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. Presently the Company is working to diversify its asset base to include precious metal projects.

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

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.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.

Ready For A Different Approach?

Our top stock finds are flying under the radar-for now. Get in early:

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.

Companies discussed in this article include UCU.V.

Make better investment decisions with Simply Wall St’s easy, visual tools that give you a competitive edge.

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.

Looking for more investment ideas?

If Ucore has piqued your interest, do not stop here, use the Simply Wall St Screener to spot other stocks that could fit your style before others do.

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.

Companies discussed in this article include UCU.V.

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."

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.

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.

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.

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

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.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.

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.
  • 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

    )

     

     

     

     

     

     

     

    (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.

    • Cascadia Motions (a wholly owned subsidiary of BorgWarner Inc.) to manufacture, commercialize, and sell a new generation of compact electric drive unit (EDU) integrating REEcorner technology with Cascadia Motion for inverter-motor modules OEM programs globally.
    • Drive units expected to be available as off-the-shelf products at CascadiaMotion.com
    • According to industry research estimates, the global EDU is projected to double by 2035, growing at a compound annual growth rate (CAGR) of approximately 9% from 2025 through 2035.
    • REE anticipates the distribution of its REEcorner-based EDUs under a phased commercial plan, including a royalty-bearing arrangement that enables BorgWarner to manufacture the EDU.

    TEL AVIV, Israel, Dec. 29, 2025 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company that develops software-defined vehicle (SDV) technology solutions, today announced a strategic non-binding Memorandum of Understanding (“MOU”) with Cascadia Motion, LLC (a wholly owned subsidiary of BorgWarner Inc.) (“Cascadia Motions”). The MOU outlines cooperation across manufacturing, commercialization, and sale of a next-generation electric drive unit (EDU) based on REEcorner technology for global OEM electrification programs. The new EDU product will be jointly developed by Cascadia Motion and REE.

    As part of an expected phased commercial plan, including a royalty-bearing agreement, REE would grant Cascadia Motion an exclusive, time-limited option to distribute a uniquely packaged EDU that integrates Cascadia Motion’s iM-125 drive unit (motor and inverter) with REEcorner technology. Together, the companies aim to offer a compact, cross-platform EDU that is designed to help OEMs accelerate EV development. The new EDU combined with REE’s vehicle control units is intended to support higher levels of functional safety, including ASIL-D, and to improve efficiency and time to market through secure, stable over-the-air (OTA) updates.

    REE also plans to provide Cascadia Motion with access to its existing EDU assembly line, tooling, inventories, and supplier network to support manufacturing of the combined EDU Units, subject to negotiation of final terms and conditions.

    “Integrating Cascadia Motion’s iM-125 drive unit with REEcorner technology bolsters our portfolio of off-the-shelf electric drive solutions, providing our customers with even more flexibility in their electrification programs,” said Joseph McHenry, General Manager of BorgWarner Portland and the Cascadia Motion brand. “This collaboration reflects our commitment to delivering innovative, ready-to-integrate drive units that help OEMs reduce development time and streamline vehicle launch.”

    This arrives at a time when, according to certain industry research estimates and publications, the global EDU market is expected to grow by a compound annual growth rate (CAGR) of approximately 9% from 2025 through 2035. These publications further expect the EDU market size to double by 2035 due to increased demand for electric vehicles. REE believes that this arrangement positions both companies to offer OEMs a scalable, advanced EDU solution with near-term availability.

    “We believe that this MOU with Cascadia Motions represents a natural progression of our three-year collaboration and reinforces our mission to accelerate the industry’s transition to software-defined, by-wire mobility,” said Daniel Barel, CEO and co-founder of REE Automotive. “We believe this collaboration positions us to meet global demand at scale while laying the groundwork for next-generation, fully by-wire solutions.”

    In addition to the EDU-focused product offering, the parties plan to evaluate demand for complete SDV solutions, including standalone REEcorner units and REE’s software products, which can supplement this offering or present additional capabilities for OEMs. REE’s SDV technology is a purpose-built foundation that replaces legacy domain systems with centralized, zonal control that simplifies design, cuts wiring, and accelerates development of software-defined vehicles. REE’s zonal architecture combines the REEcenter ECU, REEzonal ECUs, and REEgateway into a high-performance network that unites software packages of advance vehicle dynamic, chassis control, body control, autonomy integration, safety systems, and connectivity. This integrated approach is designed to simplify complexity, accelerated development, and future-proof vehicle programs that aim to integrate seamlessly into diverse commercial OEM plans.

    The MOU builds on REE’s momentum as OEMs increasingly seek modern, software-defined architectures that shorten development cycles and unlock new vehicle configurations, such as low and flat chassis design, improved functional safety, and on-going secure and stable OTA updates. REE’s advanced zonal SDV architecture integrates seamlessly with legacy systems to improve safety, performance, and reliability. By combining this architecture with Cascadia Motion’s propulsion systems, the companies believe they are positioned to support OEMs transitioning toward software-defined vehicles built for continuous improvement and long-term adaptability.

    REE EDU Performance @ Gearbox Output
    Motor Type Permanent Magnet
    Voltage 400 V
    Peak Torque, 30s 3000 NM
    Peak Power 100 kW
    Max Speed 835 rpm
    Max Cont. Torque 2150 Nm
    Max Cont. Power 57 kW
    Gear Ratio 19.17
    Cooling Water-Glycol (8LPM @65°C)
    Weight 54 kg

    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. www.REE.auto

    About BorgWarner:For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market. With a focus on sustainability, we’re helping to build a cleaner, healthier, safer future for all.

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

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

    BorgWarner Media ContactMichelle CollinsGlobal Director, Marketing and Public Relationsmediacontact@borgwarner.com

    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 performance of the terms of the MOU; the expected supply of REEcorner technology and REE-designed components for use in Cascadia Motion’s electric drive units; the anticipated development, manufacturing, commercialization, distribution, and sale of a next-generation EDU integrating REEcorner technology; the expected availability of drive units as off-the-shelf products; the anticipated phased commercial plan and royalty-bearing arrangement; the potential grant and exercise of any exclusive, time-limited option; the expected timing and scope of any supply, inventory utilization, tooling access, supplier network use, and manufacturing ramp; the parties’ evaluation of demand for complete software-defined vehicle solutions and additional product opportunities; the expected growth of the global EDU market; the belief that the arrangement positions both companies to offer OEMs a scalable, advanced EDU solution with near-term availability; the belief that the collaboration positions REE to meet global demand at scale while laying the groundwork for next-generation, fully by-wire solutions; and the anticipated benefits of the collaboration for OEM programs.

    These forward-looking statements are based on current expectations and assumptions and involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied. The memorandum of understanding is non-binding and does not create enforceable obligations to purchase, sell, manufacture, commercialize, distribute, or supply any products, and does not include firm purchase orders or guaranteed volumes, notwithstanding certain optional purchase mechanisms and conditional minimum purchase provisions. Any commercialization, product availability, supply volumes, exclusivity arrangements, royalties, manufacturing rights, or other economic terms will depend on the negotiation and execution of definitive agreements and the placement of purchase orders, customer demand, successful technical development, operational readiness, and the parties’ ability to obtain required supplier and commercial arrangements, and may not occur as currently contemplated or at all. 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 REE’s subsequent filings with the SEC. 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e012b46f-cbee-47b1-8136-045f60e03f15

    We feel now is a pretty good time to analyse Ucore Rare Metals Inc.'s (CVE:UCU) business as it appears the company may be on the cusp of a considerable accomplishment. Ucore Rare Metals Inc. engages in the extraction, beneficiation, and separation of rare and critical metal resources in Canada and the United States. With the latest financial year loss of CA$13m and a trailing-twelve-month loss of CA$33m, the CA$711m market-cap company amplified its loss by moving further away from its breakeven target. As path to profitability is the topic on Ucore Rare Metals' investors mind, we've decided to gauge market sentiment. Below we will provide a high-level summary of the industry analysts’ expectations for the company.

    According to the 2 industry analysts covering Ucore Rare Metals, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2026, before generating positive profits of CA$26m in 2027. Therefore, the company is expected to breakeven roughly 2 years from now. How fast will the company have to grow each year in order to reach the breakeven point by 2027? Working backwards from analyst estimates, it turns out that they expect the company to grow 71% year-on-year, on average, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected.

    TSXV:UCU Earnings Per Share Growth December 29th 2025

    Underlying developments driving Ucore Rare Metals' growth isn’t the focus of this broad overview, but, keep in mind that generally a metal and mining business has lumpy cash flows which are contingent on the natural resource mined and stage at which the company is operating. This means that a high growth rate is not unusual, especially if the company is currently in an investment period.

    Check out our latest analysis for Ucore Rare Metals

    Before we wrap up, there’s one issue worth mentioning. Ucore Rare Metals currently has a relatively high level of debt. Generally, the rule of thumb is debt shouldn’t exceed 40% of your equity, which in Ucore Rare Metals' case is 48%. A higher level of debt requires more stringent capital management which increases the risk in investing in the loss-making company.

    Next Steps:

    There are key fundamentals of Ucore Rare Metals which are not covered in this article, but we must stress again that this is merely a basic overview. For a more comprehensive look at Ucore Rare Metals, take a look at Ucore Rare Metals' company page on Simply Wall St. We've also compiled a list of key aspects you should further research:

  • Valuation: What is Ucore Rare Metals worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Ucore Rare Metals is currently mispriced by the market.
  • Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Ucore Rare Metals’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.
  • Emerging Growth

    MIAMI, Dec. 10, 2025 (GLOBE NEWSWIRE) — EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 88th Emerging Growth Conference on December 10 & 11, 2025.

    The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.

    Register for the Conference here.

    Submit Questions for any of the presenting companies to: Questions@EmergingGrowth.com

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    Presenting Day 1 – Today – December 10, 2025

    8:45Virtual Lobby opens.Register for the Conference. If you already registered, go back to the registration link and click “Already registered” and enter your email.

    9:00Introduction

    9:05 – 9:35OSR Holdings, Inc. (NASDAQ: OSRH)Keynote speakers: Peter Hwang, CEO, Constance Höfer, CSO and Chris Bang, CFO

    9:40 – 10:10SBC Medical Group Holdings, Inc. (NASDAQ: SBC)Keynote speakers: Yuya Yoshida, Executive Vice President & CFO, and Hikaru Fukui / Head of Investor Relations

    10:15 – 10:45Metavista3D Inc., (TSXV: DDD)Keynote speaker: Jeffrey R. Carlson, CEO & Director

    11:25 – 11:55NioBay Metals, Inc. (TSXV: NBY) (OTCQB: NBYCF) Keynote speaker: Ludovick Bernier-Michaud, Investor Relations Consultant

    12:00 – 12:30Regen BioPharma Inc. (OTC Pink: RGBP) Keynote speakers: David Koos, President / CEO, & Harry M. Lander, Ph.D. Senior Scientific Consultant

    12:35 – 1:05KLX Energy Services Holdings, Inc. (NASDAQ: KLXE)Keynote speaker: Chris Baker, President & CEO, and Keefer Lehner, EVP & CFO

    1:45 – 2:15Realbotix Corp. (OTCQB: XBOTF) (TSXV: XBOT)Keynote speaker: Andrew Kiguel Co-Founder, CEO

    3:10 – 3:20Brazil Potash (NYSE American: GRO)Keynote speakers: Chris Naprawa VP Capital markets strategy

    3:25 – 3:35Jaguar Health, Inc. (NASDAQ: JAGX)Keynote speaker: Lisa A. Conte, Founder, CEO, President & Director

    3:40 – 3:50Puma Exploration, Inc. (OTCQB: PUMXF) (TSXV: PUMA)Keynote speaker: Marcel Robillard, CEO & President

    3:55 – 4:0522nd Century Group, Inc. (NASDAQ: XXII) Keynote speaker: Lawrence D. Firestone, Chairman & CEO4:10 – 4:20Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) Keynote speaker: Mark D. Gordon, Chairman & CEO4:25 – 4:35Clene Inc., (NASDAQ: CLNN) Keynote speakers: Rob Etherington, President / CEO

    4:40 – 4:50Faraday Future Intelligent Electric, Inc. (NASDAQ: FFAI) Keynote speakers: Jerry Wang, Global President

    Presenting Day 2 – Today – December 11, 2025

    8:45Virtual Lobby opens.Register for the Conference. If you already registered, go back to the registration link and click “Already registered” and enter your email.

    9:00Introduction

    9:05 – 9:35Agnico Eagle Mines, Ltd. (NYSE: AEM) (TSX: AEM) Keynote speaker: Jean-Marie Clouet, Vice President of Investor Relations

    9:40 – 10:10Highland Copper Company Inc. (OTCQB: HDRSF) (TSXV: HI)Keynote speaker: Barry O’Shea, CEO

    10:15 – 10:45Vox Royalty Corp. (NASDAQ: VOXR) (TSX: VOXR) Keynote speakers: Kyle Floyd, Chairman, CEO & Chief Investment Officer10:50 – 11:20First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) Keynote speaker: John Passalacqua, CEO

    11:25 – 11:55Ucore Rare Metals, Inc. (OTCQX: UURAF) (TSXV: UCU) Keynote speakers: Pat Ryan, CEO

    12:00 – 12:30Power Metallic Mines Inc. (OTCBB: PNPNF) (TSXV: PNPN) Keynote speaker: Terrence Lynch President, CEO & Director

    12:35 – 1:05Intrepid Metals Corp. (OTCQB: IMTCF) (TSXV: INTR)Keynote speaker: Mark Morabito, Chairman & CEO

    1:10 – 1:40Mawson Infrastructure Group, Inc. (NASDAQ: MIGI)Keynote speaker: Kaliste Saloom, Interm CEO

    1:45 – 2:15Nova Minerals Limited (NASDAQ: NVA) (ASX: NVA)Keynote speaker: Christopher Gerteisen – CEO & Executive Director

    2:20 – 2:50Trigg Minerals Ltd. (OTCQB: TMGLF) (ASX: TMG)Keynote speaker: Andre Booyzen, Managing Director

    2:55 – 3:05Bioxytran, Inc. (OTCQB: BIXT)Keynote speaker: Mike Sheikh, Executive Vice President Business Development3:10 – 3:20Citizens, Inc. (NYSE: CIA) Keynote speakers: Jon Stenberg, President / CEO, and Jeff Conklin, CFO

    3:25 – 3:35Surface Metals Inc. (OTCQB: SURMF) (CSE: SUR) Keynote speaker: Steve Hanson, President & CEO

    3:40 – 3:50StrikePoint Gold, Inc.’s (OTCQB: STKXF) (TSXV: SKP) Keynote speaker: Michael Gregory Allen, CEO, President & Director

    3:55 – 4:05BitFuFu Inc. (NASDAQ: FUFU) Keynote speaker: Charley Brady, VP Investor Relations

    4:10 – 4:20Vizsla Royalties Corp. (TSXV: VROY) (OTCQB: VROYF) Keynote speaker: Michael N. Pettingell, President and CEO

    4:25 – 4:55Ionic Rare Earth, Ltd. (OTC: IXRRF) (ASX: IXR) Keynote speaker: Tim Harrison, Managing Director

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    About EmergingGrowth.com

    Founded in 2009, Emerging Growth.com quickly became a leader in its space and has developed an extensive history of identifying emerging growth companies that can be overlooked by the investment community.

    About the Emerging Growth ConferenceThe Emerging Growth Conference is an effective way for public companies to engage with the investment community regarding their Company, new products, services and other major announcements from anywhere, in an effective and time efficient manner.

    All sessions are conducted through video webcasts. Our conference serves as a vehicle for Emerging Growth to build relationships with our existing and potential clients. Accordingly, a certain number of the presenting companies are our current clients, and some may become our clients in the future. In exchange for services we provide, our clients pay us fees in the form of cash and securities, and we may currently have, or in the future may have investments in the securities of certain of the presenting companies. Finally, certain of the presenting companies have paid us a fee to secure a presentation time slot or to present generally. The presentations to be delivered by the presenting companies (including any virtual handouts of written materials) have not been approved, endorsed by or otherwise reviewed by EmergingGrowth.com nor should they in any way be construed to have been made in connection with an offer to sell or a solicitation of an offer to buy securities. Please consult an investment professional before investing in anything viewed on the Emerging Growth Conference or on EmergingGrowth.com.

    If you believe or know of a company that might fit our audience, contact us here.

    Thank you for your interest in our conference, and we look forward to your participation in future conferences.

    Contact:

    Emerging Growth Phone: 1-305-330-1985Email: Conference@EmergingGrowth.com

    This press release is issued pursuant to Multilateral Instrument 62-104 – Take-Over Bids and Issuer Bids ("NI 62-104") and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

    KETCHIKAN, Alaska, Dec. 5, 2025 /CNW/ – This release is being made by Randy Johnson to report information concerning holdings of Mr. Johnson and Orca Holdings, LLC ("Orca") in Ucore Rare Metals Inc. (the "Issuer" or "Ucore"). Orca is wholly owned by Mr. Johnson, serving as a holding company for Mr. Johnson's securities holdings. Mr. Johnson has been a director of Ucore since October 6, 2020.

    On December 4, 2025, at the direction of Mr. Johnson, Orca completed a secondary market sale (the "Disposition") of an aggregate of 20,000 common shares of the Issuer ("Common Shares") at an average price of approximately $6.60 per Common Share for aggregate consideration of $132,000. The Disposition was made in connection with Mr. Johnson's investment strategy, having regard for various factors including, without limitation, conditions in the securities markets and general economic and industry conditions, liquidity replenishment from recent exercise of warrants, estate planning and tax planning.

    As a result of the Disposition, Mr. Johnson now beneficially owns, or has control or direction over, 10,646,736 Common Shares, representing approximately 9.84% of the issued and outstanding Common Shares, as of the date hereof.

    As at the date of this press release, the Issuer reports having 108,205,120 Common Shares issued and outstanding.

    Immediately prior to the completion of the Disposition, Mr. Johnson (being the sole and controlling shareholder of Orca) directly or indirectly held beneficial ownership of, and control and direction over, 10,666,736 Common Shares, 10,368,165 Common Share purchase warrants and 380,000 stock options of the Issuer, representing approximately 9.86% of the issued and outstanding Common Shares (on a non-diluted basis) or approximately 18.00% upon exercise of the warrants and the stock options (on a partially diluted basis, in the absence of the Condition Precedent). A number of the above-referenced Common Share purchase warrants are subject to a condition precedent to their exercise such that no such warrants shall be exercisable if such exercise would cause Mr. Johnson's direct or indirect ownership of the Issuer, as calculated on a partially diluted basis, to exceed 19.99% of the aggregate of the issued and outstanding Common Shares, unless the Issuer obtains prior shareholder approval in accordance with the applicable requirements of the TSXV (the "Condition Precedent").

    Immediately following the completion of the Disposition, Mr. Johnson directly or indirectly held beneficial ownership of, and control and direction over, a total of 10,646,736 Common Shares, 10,368,165 Common Share purchase warrants and 380,000 stock options of the Issuer, representing approximately 9.84% of the issued and outstanding Common Shares (on a non-diluted basis) or approximately 17.99% upon the exercise of the warrants and the stock options (on a partially diluted basis, in the absence of the Condition Precedent, which applies to certain of the above-referenced Common Share purchase warrants).

    Other Information

    Mr. Johnson may, from time to time, directly or indirectly (through Orca) increase or decrease his shareholdings or continue to hold the Issuer's securities as Mr. Johnson may determine appropriate in the normal course of investment activities.

    The Issuer is located in 210 Waterfront Drive, Suite 106, Bedford, Nova Scotia, Canada B4A 0H3, and Mr. Johnson is located in P.O. Box 8158, Ketchikan, Alaska, USA, 99901.

    For further information and to obtain a copy of the early warning report filed under applicable Canadian securities laws by Mr. Johnson in connection with the transactions referred to in this press release, please see Ucore's profile on SEDAR+ at www.sedarplus.ca

    View original content: http://www.newswire.ca/en/releases/archive/December2025/05/c6157.html

    Critical Metals Corp (NASDAQ:CRML) is one of the top lithium stocks to buy now. On August 26, the company signed a letter of intent for an offtake agreement with Ucore Rare Metals, a leader in rare and critical metal resources.

    Under the terms of the agreement, Critical Metals is to supply up to 10,000 metric tons of rare earth concentrate from its Tanbreez Project. The concentrate is to be used as feedstock for Ucore’s rare earth element processing facility. While Ucore and Critical Metals are focused on lessening China’s grip on the rare earth ecosystem, they also remain focused on meeting the growing demand for rare earths and addressing national security challenges.

    “Critical Metals Corp’s Tanbreez offers tremendous opportunities for Ucore given the significant concentration of heavy rare earths it contains, which are essential for our processing facility in Louisiana, and our downstream partners,” said Pat Ryan, Chairman and CEO of Ucore.

    Critical Metals Corp (NASDAQ:CRML) is a mining exploration and development firm focused on identifying and advancing deposits of lithium and rare earth elements. It is developing the Wolfsberg Lithium Project in Austria, which is Europe’s first fully permitted lithium mine, to become a significant supplier of lithium products for the European market. The company focuses on mining critical minerals essential for electrification, such as lithium for batteries, as well as other strategic metals, including rare earth elements. While we acknowledge the potential of CRML 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. READ NEXT: 10 Cheap Blue Chip Stocks to Invest in Now and 10 Best Robinhood Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.

    Halifax, Nova Scotia–(Newsfile Corp. – September 3, 2025) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that the last $1.1 million of the convertible debentures that were issued by the Company in May of 2020 (the "Convertible Debentures" of "Debentures") have been automatically converted into equity as a result of the triggering of a conversion clause in the Debenture agreement related to the Company's share price over the past twenty trading days (the "Automatic Conversion"). As a result of the Automatic Conversion, the Company today issued 1,222,219 units ("Units") and none of the Debentures remain outstanding.

    A total of 2,800 Convertible Debentures were originally issued in May of 2020 at a price of $1,000 per Debenture and they bore interest at 7.5% per annum. The terms of the Debentures were amended in 2024 (see the Company's press release dated January 11, 2024). After the amendment, the Debentures had a maturity date of January 31, 2026. The amended conversion price was $0.90 per Unit, with each Unit consisting of 1 common share of the Company (a "Common Share") plus ½ Common Share purchase warrant (a "Warrant"). Each full Warrant is exercisable by the holder to purchase one Common Share at a price of $1.30 per share for a period ending on the maturity date of the Debentures, being January 31, 2026.

    Pursuant to the terms of the Debenture agreement, the outstanding principal amount of each Convertible Debenture is to be automatically converted into Units at the conversion price ($0.90) if the Common Shares traded at a closing price of $2.20 or more on the TSX Venture Exchange for 20 consecutive trading days. On September 2, 2025, the Company's Common Shares traded at a closing price above $2.20 for the 20th consecutive trading day. As a result, the Debentures automatically converted into Units of the Company as outlined above.

    Since May of 2020, and prior to the triggering of the Automatic Conversion, a total of 1,700 Debentures had already been converted to Units of the Company at the election of the holders or repaid. As a result of the Automatic Conversion, the remaining 1,100 Debentures have now been converted, resulting in the issuance of 1,222,219 Common Shares and 611,108 Warrants, with the above-noted terms.

    Certain of the Convertible Debentures which were automatically converted were owned by a related party of the Company. Specifically, Pat Ryan (Ucore's Chairman and CEO) held 10 of the Convertible Debentures (representing a principal amount of $10,000). The above-described transaction with Mr. Ryan is considered to be a related party transaction within the meaning of Multilateral Instrument 61-01 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 since neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves interested parties, exceeds 25% of the Company's market capitalization. No new insiders and no control persons were created in connection with the closing of the transactions.

    # # #

    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, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan").

    Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."

    For further information, please visit www.ucore.com.

    Forward-Looking Statements

    This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.

    For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q2 2025 (filed on SEDAR+ on August 28, 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. Peter Manuel, Ucore Vice President and Chief Financial Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214.

    For additional information, please contact:

    Mark 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/264943

    Virtual Investor Conferences

    Company Executives Share Vision and Answer Questions Live at VirtualInvestorConferences.com

    NEW YORK, Aug. 29, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Clean Energy Metals Virtual Investor Conference, held August 28th are now available for online viewing.

    REGISTER HERE

    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 September 3rd.

    August 28th

    Presentation

    Ticker(s)

    Lake Resources NL

    (OTCQB: LLKKF | ASX: LKE)

    ACG Metals Limited

    (OTCID ACGAF | LSE: ACG)

    Talga Group Ltd.

    (OTCQX: TLGRF | ASX: TLG)

    CoTec Holdings Corp.

    (OTCQB: CTHCF | TSXV: CTH)

    Neo Performance Materials Inc.

    (OTCQX: NOPMF | TSX: NEO)

    First Phosphate Cop.

    (OTCQX: FRSPF | CSE: PHOS)

    Giga Metals Corp.

    (OTCQB: GIGGF | TSXV: GIGA)

    Terra Balcanica Resources Corp

    (OTCQB: TEBAF | CSE: TERA)

    District Metals Corp.

    (OTCQB: DMXCF | TSXV: DMX)

    Graphite One Inc.

    (OTCQX: GPHOF | TSXV: GPH)

    Lion Copper & Gold Corp.

    (OTCQB: LCGMF | CSE: LEO)

    Ucore Rare Metals, Inc.

    (OTCQX: UURAF | TSXV: UCU)

    Intrepid Metals Corp

    (OTCQB: IMTCF | TSXV: INTR)

    Resolution Minerals Ltd.

    (OTCQB: RLMLF | ASX: RML)

    Graphene Manufacturing Group Ltd.

    (OTCQX: GMGMF | TSXV: GMG)

    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

    Critical Metals Corp

    Strategic LOI marks a major commercial milestone for the Company’s Tanbreez Project

    10-year supply agreement of heavy rare earth concentrate from Tanbreez to Ucore’s U.S. Department of Defense funded Louisiana processing facility 

    NEW YORK, Aug. 26, 2025 (GLOBE NEWSWIRE) — Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp” or the “Company”), a leading critical minerals mining company, today announced that it has signed a letter of intent (LOI) for an offtake agreement with Ucore Rare Metals Inc (“Ucore”), a leader in rare-and critical-metal resources, extraction, beneficiation, and separation technologies.

    Under the terms of the multi-year offtake arrangement, Critical Metals Corp expects to supply up to 10,000 metric tons annually of rare earth concentrate from its Tanbreez Project, which represents approximately 10% of the project’s initial projected production. After hydro-metallurgical processing, the concentrate will be used as feedstock for Ucore’s rare earth element processing facility, which is focused on heavy rare earths and broke ground in May, in Alexandria, Louisiana and Ucore’s facility in Kingston, Ontario. The Louisiana facility, which received support and funding from the state government and the U.S. Department of Defense, will produce high-purity rare earth oxides from mixed rare earth carbonates or oxides, which Critical Metals Corp expects to produce at Tanbreez.

    “Critical Metals Corp’s Tanbreez offers tremendous opportunities for Ucore given the significant concentration of heavy rare earths it contains, which are essential for our processing facility in Louisiana, and our downstream partners,” said Pat Ryan, Chairman and CEO of Ucore. “Both Critical Metals Corp and Ucore share a vision to lessen China’s grip of the rare earth ecosystem in the West, and we look forward to our partnership, positioning us both to meet the growing demand for rare earths while addressing national security challenges.”

    “This development further validates the opportunities ahead for Critical Metals Corp and the strength of our world-class asset in Southern Greenland,” said Tony Sage, CEO and Executive Chairman of Critical Metals Corp. “Securing this offtake provides Critical Metals Corp both with our first buyer and the flexibility to supply other US based rare earth facilities in the future, given the immense size of our Tanbreez deposit. We look forward to teaming up with Ucore and their exceptional team to support the development of a robust supply chain in America that isn’t reliant on China.”

    Next Steps

    The parties are working expeditiously toward definitive documentation. The execution of definitive agreements remains subject to customary conditions including completion of due diligence, finalization of commercial terms, and necessary approvals.

    About Critical Metals Corp.

    Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals, and producing strategic products essential to electrification and next generation technologies for the United States, Europe and their western world partners. Its flagship Project, Tanbreez, is one of the world's largest rare earth deposits and is located in Southern Greenland. The deposit is expected to have access to key transportation outlets as the area features year-round direct shipping access via deep water fjords that lead directly to the North Atlantic Ocean.

    Another key asset is the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure and is expected to be the next major producer of key lithium products to support the European market. Wolfsberg is well positioned with offtake and downstream partners to become a unique and valuable asset in an expanding geostrategic critical metals portfolio.

    With this strategic asset portfolio, Critical Metals Corp is positioned to become a reliable and sustainable supplier of critical minerals essential for defense applications, the clean energy transition, and next-generation technologies in the western world.

    For more information, please visit https://www.criticalmetalscorp.com/.

    About Ucore Rare Metals Inc.

    Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore’s vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

    Through strategic partnerships, this plan includes disrupting the People’s Republic of China’s control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore’s 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA.

    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.

    Cautionary Note Regarding Forward Looking Statements

    This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include statements regarding expectations of our business and the plans and objectives of management for future operations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “designed to” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

    Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors discussed under the “Risk Factors” section in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. These forward-looking statements are based on information available as of the date of this news release, and expectations, forecasts and assumptions as of that date, involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

    Critical Metals Corp.

    Investor Relations: ir@criticalmetalscorp.com

    Media: pr@criticalmetalscorp.com

    Halifax, Nova Scotia–(Newsfile Corp. – August 26, 2025) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the execution of a Non-binding Letter of Intent ("LOI") with Critical Metals Corp. (NASDAQ: CRML) ("CMC") for a long-term offtake agreement to secure heavy rare earth element feedstock from CMC's Tanbreez Project in southern Greenland.

    Under the terms of the proposed arrangement, Critical Metals Corp. intends to supply Ucore with a rare earth product from Tanbreez over an initial 10-year term. This material will be used as feedstock for Ucore's Strategic Metals Complex (SMC) in Alexandria, Louisiana, a facility supported by both the U.S. Department of Defense and the State of Louisiana. Smaller volumes will initially be processed at Ucore's Commercial Demonstration Facility ("CDF") in Kingston, Ontario.

    "Critical Metals Corp's Tanbreez offers tremendous opportunities for Ucore given the significant concentration of heavy rare earths it contains, which are essential for the production of rare earth permanent magnets," said Pat Ryan, Chairman and CEO of Ucore. "Both Critical Metals Corp and Ucore share a vision to lessen China's grip of the rare earth ecosystem in the West, and we look forward to our partnership, positioning us both to meet the growing demand for rare earths while addressing national security challenges."

    "Ucore's refining capabilities, together with feedstock from the Tanbreez project, has the potential to fill key gaps in the western rare earth supply chain," said Tony Sage, CEO and Executive Chairman of Critical Metals Corp. "These materials are critical to a number of western defense and consumer applications and we look forward to teaming up with Ucore and their exceptional team to support the development of a robust supply chain in America that isn't reliant on China."

    The non-binding LOI sets out the parties' intentions to negotiate and execute a Definitive Offtake Agreement. Terms of the LOI include the delivery of a mixed rare earth carbonate or oxide, with specifications to be agreed to, over a multi-year term commencing on the later of July 1, 2027 or commercial production. The execution of a Definitive Offtake Agreement remains subject to customary conditions including completion of due diligence, finalization of commercial terms, and necessary approvals.

    # # #

     

    About Ucore Rare Metals Inc.

    Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

    Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan").

    Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."

    For further information, please visit www.ucore.com.

    Forward-Looking Statements

    This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.

    Regarding the disclosure in the press release above about the 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 2025 (filed on SEDAR+ on May 9, 2025) (www.sedarplus.ca) as well as the risks described below. As noted above, the execution of a Definitive Offtake Agreement will be conditional upon the parties agreeing on commercial terms, among other conditions precedent.

    Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that 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/263944

    Virtual Investor Conferences

    Company Executives Share Vision and Answer Questions Live at VirtualInvestorConferences.com

    NEW YORK, Aug. 26, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Clean Energy Metals Virtual Investor Conference to be held August 28th.

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

    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 log-in, attend live presentations, or schedule 1×1 meetings with management.

    "OTC Markets is proud to host the Clean Energy Metals Virtual Investor Conference, featuring 15 companies working with the metals driving clean, green, and sustainable energy generation, from EV batteries to nuclear and beyond,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "This event gives investors a front-row seat to the companies powering the global energy transition.”

    August 28th

    EasternTime (ET)

    Presentation

    Ticker(s)

    9:00 AM ET

    Lake Resources NL

    (OTCQB: LLKKF | ASX: LKE)

    9:30 AM ET

    ACG Metals Limited

    (OTCID ACGAF | LSE: ACG)

    10:00 AM ET

    Talga Group Ltd.

    (OTCQX: TLGRF | ASX: TLG)

    10:30 AM ET

    CoTec Holdings Corp.

    (OTCQB: CTHCF | TSXV: CTH)

    11:00 AM ET

    Neo Performance Materials Inc.

    (OTCQX: NOPMF | TSX: NEO)

    11:30 AM ET

    First Phosphate Cop.

    (OTCQX: FRSPF | CSE: PHOS)

    12:00 PM ET

    Giga Metals Corp.

    (OTCQB: GIGGF | TSXV: GIGA)

    12:30 PM ET

    Terra Balcanica Resources Corp

    (OTCQB: TEBAF | CSE: TERA)

    1:00 PM ET

    District Metals Corp.

    (OTCQB: DMXCF | TSXV: DMX)

    1:30 PM ET

    Graphite One Inc.

    (OTCQX: GPHOF | TSXV: GPH)

    2:00 PM ET

    Lion Copper & Gold Corp.

    (OTCQB: LCGMF | CSE: LEO)

    2:30 PM ET

    Ucore Rare Metals, Inc.

    (OTCQX: UURAF | TSXV: UCU)

    3:00 PM ET

    Intrepid Metals Corp

    (OTCQB: IMTCF | TSXV: INTR)

    4:00 PM ET

    Resolution Minerals Ltd.

    (OTCQB: RLMLF | ASX: RML)

    4:30 PM ET

    Graphene Manufacturing Group Ltd.

    (OTCQX: GMGMF | TSXV: GMG)

    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

    InvestorBrandNetwork (IBN)

    AUSTIN, Texas, Aug. 07, 2025 (GLOBE NEWSWIRE) — via IBNIBN, a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The MiningNewsWire Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels.

    The MiningNewsWire Podcast features revealing sit-downs with executives who are shaping the future of the global mining industry. The latest episode features Pat Ryan, P.Eng., Chairman and CEO of Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF), a critical metals technology company developing scalable rare earth element (“REE”) refining infrastructure in North America.

    To begin the interview, Ryan explained how his background helped shape Ucore’s mission.

    “As I looked more closely at the supply chains for electric vehicles, I realized there are no metallic supply chains to feed these particular vehicles. I was a board member of Ucore at that time… and encouraged the board to look at actually building manufacturing plants, processing, and moving forward… Rare earth is just another market, but a very new one, and it needs a 21st-century digital manufacturing approach.”

    He then detailed how Ucore’s refining platform gained validation from the U.S. government.

    “The U.S. DoD put a bid out… to find the technology for processing and refining in the mid-market, something that’s very competitive. We had a $4 million U.S. contract to run our commercial demonstration plant using multiple feedstocks… generating heavy and light rare earth products and running thousands of hours. The DoD came to our Kingston plant and to central Louisiana, where we’re essentially doing a copy and paste of Kingston, and they really liked what they saw… They invested $18.4 million in mid-May, and by the end of May, we had a groundbreaking in Louisiana.”

    Finally, he described how Ucore is transitioning from early-stage discussions to integrated commercial partnerships, with direct involvement from the U.S. Department of Defense.

    “We have an MOU. Now, we’re moving to definitive agreements. Not just one-off transactions, but multiple-prong opportunities to bring supply back to the Western world. We’re putting those building blocks together to create definitive partnerships that allow us to get the job done very effectively. We continue to discuss with DoD on a biweekly basis… what the next part of their journey looks like.”

    Join IBN’s Stuart Smith and Pat Ryan, Chairman and CEO of Ucore Rare Metals, for a conversation on rebuilding rare earth infrastructure, advancing digital refining, and leading the Western critical minerals race.

    To hear the whole podcast and subscribe for future episodes, visit https://podcast.miningnewswire.com

    The latest installment of The MiningNewsWire Podcast continues to reinforce IBN’s commitment to the expansion of its robust network of brands, client partners, followers and the growing IBN Podcast Series. For more than 19 years, IBN has leveraged this commitment to provide unparalleled distribution and corporate messaging solutions to 500+ public and private companies.

    To learn more about IBN’s achievements and milestones via a visual timeline, visit: https://IBN.fm/TimeLine

    About Ucore Rare Metals Inc.

    Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

    Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan").

    For more information, visit the company’s website at www.Ucore.com

    About IBN

    IBN consists of financial brands introduced to the investment public over the course of 19+ years. With IBN, we have amassed a collective audience of millions of social media followers. These distinctive investor brands aim to fulfill the unique needs of a growing base of client-partners. IBN will continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.

    Through our Dynamic Brand Portfolio (DBP), IBN provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) Press Release Enhancement to ensure maximum impact; (4) full-scale distribution to a growing social media audience; (5) a full array of corporate communications solutions; and (6) total news coverage solutions.

    For more information, please visit https://www.InvestorBrandNetwork.com

    Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

    Corporate Communications

    IBNAustin, Texaswww.InvestorBrandNetwork.com512.354.7000 OfficeEditor@InvestorBrandNetwork.com

    Halifax, Nova Scotia–(Newsfile Corp. – May 13, 2025) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to announce the following marketing and investor awareness engagements.

    The Company reports that it has engaged InvestorBrandNetwork ("IBN"), a multifaceted financial news and publishing company, to provide corporate communications expertise and related services. The Company expects that IBN will leverage its investor-based distribution network of 5,000+ key syndication outlets, various newsletters and other outreach tools to generate awareness of the Company. The Company has engaged IBN for a period of one year, commencing May 8, 2025, at a cost of US $23,200 per quarter.

    The Company has additionally engaged Goldinvest Consulting GmbH ("Goldinvest") for a 6-month period which commenced on May 5, 2025 at a cost of EUR 4,050 per month. Goldinvest will prepare corporate videos and assist with investor awareness activities in Germany.

    Lastly, the Company also announces that it has entered into a media awareness and consulting agreement (the "Marketing Agreement") with Outside the Box Capital Inc. ("OTBC") of Oakville, Ontario, to provide publicity consulting and investor relations services, including marketing services through social media channels and online media distribution.

    The Marketing Agreement, dated May 13, 2025, is for a period of 12 months and can be cancelled by either party at the end of each quarter with 30 days notice. In consideration of the services to be provided by OTBC, the Company will pay a cash fee in the amount of $160,000. Further, a total of 100,000 stock options to purchase the common shares of the Company will be issued to OTBC, with a strike price equal to the greater of the market price on the date of the grant and $1.60 per common share. The options will have a 5-year term and will vest at the rate of 25% every 3 months. The Company will also pay $25,000 to be used by OTBC for its influencer marketing campaign.

    OTBC specializes in leveraging various social media platforms and will be able to facilitate greater awareness and widespread dissemination of the Company's news. The engagement of OTBC, as contemplated in the Marketing Agreement and summarized above, remains subject to TSXV approval.

    The above-noted engagements represent additional steps in the Company's efforts to enhance communication with the current investor community and expand visibility to a greater audience.

    # # #

     

    About Ucore Rare Metals Inc.

    Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

    Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana, subsequent Strategic Metal Complexes in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA.

    Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."

    For further information, please visit www.ucore.com.

    Forward-Looking Statements

    This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements.

    For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and ongoing Programs (generally), see the risk disclosure in the Company's most recently filed MD&A, as filed on www.sedarplus.ca as well as the risks described below.

    Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to complete the Demo Plant demonstration schedule and also later prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Element project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

    Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.

    CONTACTS

    Mr. Peter Manuel, Ucore Vice President and Chief Financial Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214.

    For additional information, please contact:

    Mark 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/252055

    Virtual Investor Conferences

    Company Executives Share Vision and Answer Questions Live at VirtualInvestorConferences.com

    NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Metals and Mining Virtual Investor Conference, held May 6th-8th are now available for online viewing.

    REGISTER AND VIEW PRESENTATIONS HERE

    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 May 13th.

    May 6th

     Presentation

    Ticker(s)

    Northern Superior Resources Inc.

    (OTCQB: NSUPF | TSXV: SUP)

    Luca Mining Corp.

    (OTCQX: LUCMF | TSXV: LUCA)

    Castille Resources Limited

    (OTCQB: CLRSF | ASX: CST)

    Sun Summit Minerals Corp.

    (OTCQB: SMREF | TSXV: SMN)

    Amex Exploration Inc.

    (OTCQX: AMXEF | TSXV: AMX)

    Ucore Rare Metals, Inc.

    (OTCQX: UURAF | TSXV: UCU)

    Kootenay Silver Inc.

    (OTCQX: KOOYF | TSXV: KTN)

    Camino Minerals Corp.

    (Pink: CAMZF | TSXV: COR)

    Precipitate Gold Corp.

    (OTCQB: PREIF | TSXV: PRG)

    Callinex Mines Ltd.

    (OTCQX: CLLXF | TSXV: CNX)

     

     

    May 7th

    Presentation

    Ticker(s)

    Canada Nickel Company Inc.

    (OTCQX: CNIKF| TSXV: CNC)

    Anfield Energy Inc.

    (OTCQB: ANLDF | TSXV: AEC)

    Newcore Gold Ltd.

    (OTCQX: NCAUF | TSXV: NCAU)

    Empire Metals Ltd.

    (OTCQB: EPMLF | AIM: EEE)

    Cerrado Gold Inc.

    (OTCQX: CRDOF | TSXV: CERT)

    Silver Tiger Metals Inc.

    (OTCQX: SLVTF | TSXV: SLVR)

    Horizon Copper Corp.

    (OTCQX: HNCUF | TSXV: HCU)

    Kodiak Copper Corp.

    (OTCQB: KDKCF | TSXV: KDK)

    Rua Gold Inc.

    (OTCQB: NZAUF | TSXV: RUA)

    DynaResource, Inc.

    (OTCQX: DYNR)

     

     

    May 8th

    Presentation

    Ticker(s)

    Novo Resources Corp.

    (OTCQB: NSRPF | TSX: NVO)

    Ecora Resources PLC

    (OTCQX: ECRAF | TSX: ECOR)

    Power Metallic Mines Inc.

    (OTCQB: PNPNF | TSXV: PNPN)

     

     

    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

    Virtual Investor Conferences

    Company Executives Share Vision and Answer Questions Live at VirtualInvestorConferences.com

    NEW YORK, May 02, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Metals & Mining Virtual Investor Conference held May 6-8th.

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

    REGISTER HERE

    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 log-in, attend live presentations, or schedule 1×1 meetings with management.

    “We are excited to welcome a full roster of over 20 OTCQX and OTCQB companies to our 3-day Metals and Mining Virtual Investor Conference,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “Our platform is tailored to meet the needs of today’s resource companies as they look to engage a broader investor base.”

    May 6th

    EasternTime (ET)

    Presentation

    Ticker(s)

    9:30 AM ET

    Northern Superior Resources Inc.

    (OTCQB: NSUPF | TSXV: SUP)

    10:00 AM ET

    Luca Mining Corp.

    (OTCQX: LUCMF | TSXV: LUCA)

    10:30 AM ET

    Castile Resources Limited

    (OTCQB: CLRSF | ASX: CST)

    11:00 AM ET

    Sun Summit Minerals Corp.

    (OTCQB: SMREF | TSXV: SMN)

    11:30 AM ET

    Amex Exploration Inc.

    (OTCQX: AMXEF | TSXV: AMX)

    12:00 PM ET

    Ucore Rare Metals, Inc.

    (OTCQX: UURAF | TSXV: UCU)

    12:30 PM ET

    Kootenay Silver Inc.

    (OTCQX: KOOYF | TSXV: KTN)

    1:00 PM ET

    Camino Minerals Corp.

    (Pink: CAMZF | TSXV: COR)

    2:00 PM ET

    Precipitate Gold Corp.

    (OTCQB: PREIF | TSXV: PRG)

    3:00 PM ET

    Callinex Mines Ltd.

    (OTXQX: CLLXF | TSXV: CNX)

    May 7th

    EasternTime (ET)

    Presentation

    Ticker(s)

    9:30 AM ET

    Canada Nickel Company Inc.

    (OTCQX: CNIKF| TSXV: CNC)

    10:30 AM ET

    Anfield Energy Inc.

    (OTCQB: ANLDF | TSXV: AEC)

    11:00 AM ET

    Newcore Gold Ltd.

    (OTCQX: NCAUF | TSXV: NCAU)

    11:30 AM ET

    Empire Metals Ltd.

    (OTCQB: EPMLF | AIM: EEE)

    12:30 PM ET

    Cerrado Gold Inc.

    (OTCQX: CRDOF | TSXV: CERT)

    1:00 PM ET

    Silver Tiger Metals Inc.

    (OTCQX: SLVTF | TSXV: SLVR)

    1:30 PM ET

    Horizon Copper Corp.

    (OTCQX: HNCUF | TSXV: HCU)

    2:00 PM ET

    Kodiak Copper Corp.

    (OTCQB: KDKCF | TSXV: KDK)

    2:30 PM ET

    Rua Gold Inc.

    (OTCQB: NZAUF | TSXV: RUA)

    3:00 PM ET

    DynaResource, Inc.

    (OTCQX: DYNR)

    May 8th

    EasternTime (ET)

    Presentation

    Ticker(s)

    9:30 AM ET

    Novo Resources Corp.

    (OTCQB: NSRPF | TSX: NVO)

    10:00 AM ET

    Ecora Resources PLC

    (OTCQX: ECRAF | TSX: ECOR)

    10:30 AM ET

    Power Metallic Mines Inc.

    (OTCQB: PNPNF | TSXV: PNPN)

    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

    Emerging Growth

    MIAMI, April 15, 2025 (GLOBE NEWSWIRE) — EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 81th Emerging Growth Conference on April 16 & 17, 2025.

    The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.

    Register for the Conference here.

    Submit Questions for any of the presenting companies to: Questions@EmergingGrowth.com

    For updates, follow us on Twitter

    Day 1April 16, 2025

    9:00Virtual Lobby opens.Register for the Conference. If you already registered, go back to the registration link and click “Already registered” and enter your email.

    9:20Introduction

    9:25 – 9:35Empire Energy (ASX: EEG)Keynote speaker: Alex Underwood, CEO & Managing Director

    9:40 – 10:10PSQ Holdings, INc. (NYSE: PSQH)Keynote speaker: Michael Seifert, Founder, President / CEO

    10:50 – 11:20Ur-Energy (NYSE American: URG) (TSX: URE)Keynote speaker: John W. Cash, CEO

    11:25 – 11:55Interstellar Communication HoldingsKeynote speakers: Seda Hewitt, Space Ambassador of IcMercury Harri Laitinen, Lifeguard of IcMercury, and Lijie Zhu, Captain of icMercury

    12:00 – 12:30U.S. Energy Corporation (NASDAQ: USEG)Keynote speaker: Ryan Smith, President, CEO & Director

    12:35 – 1:05Odyssey Marine Exploration, Inc. (NASDAQ: OMEX)Keynote speaker: Mark D. Gordon, Chairman & CEO

    1:10 – 1:40Nova Minerals Limited (NASDAQ: NVA) (ASX: NVA)Keynote speaker: Christopher Gerteisen – CEO & Executive Director

    1:45 – 2:15C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF)Keynote speaker: Daniel A. Symons, President, CEO & Director

    2:20 – 2:50Ucore Rare Metals, Inc. (OTCQX: UURAF) (TSXV: UCU)Keynote speakers: Pat Ryan, CEO

    2:55 – 3:05Eloro Resources, Ltd. (OTCQX: ELRRF) (TSX: ELO)Keynote speakers: Chris Holden – VP Corporate Development

    3:10 – 3:20Opawica Explorations Inc. (OTCQB: OPWEF) (TSXV: OPW)Keynote speaker: Blake Morgan, President / CEO

    3:25 – 3:35HydroGraph Clean Power Inc. (OTCQB: HGRAF) (CSE: HG)Keynote speaker: Kjirstin Breure, President and CEO

    PostponedGeoVax Labs, Inc. (NASDAQ: GOVX)Keynote speakers: David Dodd, Chairman, President / CEO

    _______________________________________________________________

    Day 2April 17, 2025

    8:45Virtual Lobby opens.Register for the Conference. If you already registered, go back to the registration link and click “Already registered” and enter your email.

    9:00Introduction

    9:05 – 9:35SBC Medical Group Holdings, Inc. (NASDAQ: SBC)Keynote speaker: Yuya Yoshida, Executive Vice President & CFO

    10:50 – 11:20Evofem Biosciences, Inc. (OTCQB: EVFM)Keynote speaker: Amy Raskopf, Chief Business Development Officer

    11:25 – 11:55Bioxytran, Inc. (OTCQB: BIXT)Keynote speakers: Dr. David Platt, CEO & Mike Sheikh, Executive Vice President Business Development

    12:00 – 12:30Clene Inc., (NASDAQ: CLNN)Keynote speakers: Rob Etherington, President / CEO

    12:35 – 1:05Aspire Biopharma Holdings, Inc. (NASDAQ: ASBP)Keynote speakers: Kraig Higginson – CEO

    1:10 – 1:40Regen BioPharma Inc. (OTC Pink: RGBP)Keynote speakers: David Koos, President / CEO, & Harry M. Lander, Ph.D. Senior Scientific Consultant

    1:45 – 2:15Banzai International, Inc. (NASDAQ: BNZI)Keynote speaker: Joseph Davy, Co-Founder, Chairman & CEO

    2:55 – 3:05Citizens, Inc. (NYSE: CIA)Keynote speakers: Jon Stenberg, President / CEO, and Jeff Conklin, CFO

    3:10 – 3:20Sono Group N.V. (OTCQB: SEVCF)Keynote speaker: George O’Leary, Managing Director, CEO and CFO

    Postponed22nd Century Group, Inc. (NASDAQ: XXII)Keynote speaker: Lawrence D. Firestone, Chairman & CEO

    3:40 – 3:50Alt EquityKeynote speaker: Daniel Wait, President / Founder

    3:55 – 4:05Cyios Corp. (OTC Pink: CYIO)Keynote speaker: John O’Shea, Chairman

    4:10 – 4:20Beneficient (NASDAQ: BENF)Keynote speaker: Brad K. Heppner, CEO

    Visit the following link to register. You will then receive an email containing the link and time to sign into the conference.

    Register for the Conference here.

    Submit Questions for any of the presenting companies to: Questions@EmergingGrowth.com

    Replays: Subscribe to our YouTube Channel

    About EmergingGrowth.comFounded in 2009, Emerging Growth.com quickly became a leader in its space and has developed an extensive history of identifying emerging growth companies that can be overlooked by the investment community.

    About the Emerging Growth ConferenceThe Emerging Growth Conference is an effective way for public companies to engage with the investment community regarding their Company, new products, services and other major announcements from anywhere, in an effective and time efficient manner.

    All sessions are conducted through video webcasts. Our conference serves as a vehicle for Emerging Growth to build relationships with our existing and potential clients. Accordingly, a certain number of the presenting companies are our current clients, and some may become our clients in the future. In exchange for services we provide, our clients pay us fees in the form of cash and securities, and we may currently have, or in the future may have investments in the securities of certain of the presenting companies. Finally, certain of the presenting companies have paid us a fee to secure a presentation time slot or to present generally. The presentations to be delivered by the presenting companies (including any virtual handouts of written materials) have not been approved, endorsed by or otherwise reviewed by EmergingGrowth.com nor should they in any way be construed to have been made in connection with an offer to sell or a solicitation of an offer to buy securities. Please consult an investment professional before investing in anything viewed on the Emerging Growth Conference or on EmergingGrowth.com.

    If you believe or know of a company that might fit our audience, contact us here.

    Thank you for your interest in our conference, and we look forward to your participation in future conferences.

    Contact:

    Emerging Growth Phone: 1-305-330-1985Email: Conference@EmergingGrowth.com

    Halifax, Nova Scotia–(Newsfile Corp. – April 14, 2025) – Ucore Rare Metals Inc.  (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to announce that its Chairman and CEO, Pat Ryan, will be presenting at the Emerging Growth Conference on Wednesday, April 16, 2025 at 2:20pm Eastern Time. Mr. Ryan is looking forward to providing existing shareholders and the investment community with an overview of the Company and its operations, together with an update on recent developments in the rare earth sector.

    Prospective attendees can register at the following link to attend the conference:

    https://goto.webcasts.com/starthere.jsp?ei=1705403&tp_key=612b99c876&sti=uuraf

    If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com and on the Emerging Growth YouTube Channel, http://www.YouTube.com/EmergingGrowthConference.

    The Company further advises that an aggregate of 1,360,000 options have been granted to directors, officers, employees and consultants of the Company, subject to the approval of the TSX Venture Exchange. The options are exercisable into common shares at a price of $1.08 per share and the options expire five years from April 14, 2025, the date of grant. One third of the options will vest after six months, with one third vesting every six months thereafter until fully vested.

    # # #

     

    About Ucore Rare Metals Inc.

    Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

    Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana, subsequent Strategic Metal Complexes in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA.

    Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."

    For further information, please visit www.ucore.com.

    Forward-Looking Statements

    This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements.

    For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and ongoing Programs (generally), see the risk disclosure in the Company's most recently filed MD&A, as filed on www.sedarplus.ca as well as the risks described below.

    Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to complete the Demo Plant demonstration schedule and also later prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Element project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

    Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.

    CONTACTS

    Mr. Peter Manuel, Ucore Vice President and Chief Financial Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214.

    For additional information, please contact:

    Mark 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/248449

    REE Automotive Ltd.

    Award recognizes REE’s software-defined modular vehicle technology, which provides scalability and flexibility for OEMs and fleet operators

    REE Automotive's Software-Defined Vehicle

    REE is Frost & Sullivan’s 2025 Company of the Year award in the North American Electric Medium-Duty Vehicle Platform Industry category

    TEL AVIV, Israel, April 09, 2025 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE), an automotive technology company that develops and builds software-defined electric vehicles, is the recipient of Frost & Sullivan’s 2025 Company of the Year award in the North American Electric Medium-Duty Vehicle Platform Industry category. The award honors REE for its innovative software-defined modular platform, which delivers scalable and flexible solutions to help OEMs and fleet operators address major challenges in today’s electric vehicle (EV) landscape.

    “We are honored to receive Frost & Sullivan’s prestigious award, which reinforces our position as a leader in the automotive technology market,” said Daniel Barel, CEO and co-founder of REE. “This recognition validates our clear vision and technology evolution, as well as our ability to deliver industry-leading solutions that directly address today’s pressing challenges. By doing what we do best – staying focused on our proprietary technology and bringing scalable, software-defined vehicles to market – we are empowering OEMs and fleet operators with the solution they need in this rapidly evolving landscape.”

    As the medium-duty vehicle industry continues to evolve, REE stands at the forefront of the software-defined, autonomous-ready EV market, addressing growing demand for efficient, sustainable and cost-effective solutions. The company's modular platform supports a wide range of vehicles, including last-mile delivery trucks, cargo vans and passenger vehicles. REE’s proprietary REEcorner® technology integrates critical components like steering, braking, suspension and drivetrain into a single compact module, enabling customers to rapidly customize vehicles for various applications while potentially reducing operational costs and accelerating time to market.

    “REE Automotive’s biggest benefit to its customer is its technologically advanced modular software-defined EV platforms with its proprietary REEcorner technology that can integrate key components into compact modules as a result optimizing space utilization, increasing overall system efficiency resulting in lower Total Cost of Ownership (TCO),” said Marshall Martin, Program Manager, Commercial Mobility, Frost & Sullivan. “A major advantage REE Automotive’s customers have is that these platforms are made future-ready with REE’s Unified Architecture (RUA) merging its hardware features and software applications into one seamless operating system.”

    The company’s technology has already gained traction with several key industry players, including U-Haul, Penske Truck Leasing and Airbus UpNext. Unlike traditional automotive architectures, REE’s fully by-wire platform is designed from the ground up to integrate with autonomous driving systems, supporting autonomy without requiring extensive vehicle modifications for compatibility. REE is redefining fleet electrification and software-defined vehicle (SDV) technology by offering a modular, autonomous-ready and software-defined platform.

    REE is focused on scaling its production capabilities and forging strategic industry partnerships in order to accelerate the evolution of its SDV platforms to drive the future of electrification. This includes its strategic partnership with Motherson Group to support manufacturing and manage the global supply chain as well as a newly signed non-binding memorandum of understanding (MOU) with a global technology company with the intent to produce autonomous-driving (AD) vehicles based on REE’s existing P7 platform by 2027, pending the execution of a definitive agreement.

    Frost & Sullivan’s Company of the Year Recognition is its top honor and recognizes the market participant that exemplifies visionary innovation, market-leading performance and unmatched customer care. Industry analysts evaluate market participants through interviews, analyses and extensive secondary research to identify best practices and recognize companies that achieve outstanding performance. Frost & Sullivan prepares its own reports and analyses and REE was not involved in the production, preparation, editing, or approval of Frost & Sullivan’s report and is not obligated to respond to or correct any statements made therein.

    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.

    About REE Automotive REE Automotive Ltd. (Nasdaq: REE) is a technology company enabling the next generation of software-defined vehicles (SDVs). Powered by REE® vehicles manage operations and features through proprietary software, enhancing safety, modularity and performance in passenger and commercial vehicles. At the core of REE’s SDV technology is a single unified layer powered by the company’s system-on-chip, redundant architecture capable of real-time, complex decision making on vehicle dynamics, energy management and autonomy. REE has a global supply chain supported by multibillion dollar international supplier, Motherson Group, REE’s second largest investor. Together with a leading automotive contract manufacturer in Detroit, REE plans to produce Powered by REE vehicles at scale. REE’s SDV technology is also available through a licensing model, offering OEMs and others a way to improve their cost structure, accelerate time to market and enhance their product offering. The company is targeting first deliveries of its flagship P7-C electric truck in the first half of 2025, and plans for continued growth by completing, not competing with global OEM’s future vehicle lineups. With a certified SDV architecture, REE allows automakers and fleet operators to unlock new mobility possibilities. Learn more at www.ree.auto.

    Media ContactMalory Van GuilderSkyya PR for REE Automotive+1 651-335-0585ree@skyya.com

    Investor ContactDana RubinsteinChief Strategy Officer for REE Automotiveinvestors@ree.auto

    Caution About Forward-Looking Statements

    This communication includes certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. For example, REE is using forward-looking statements when it discusses REE scaling its production capabilities, forging new strategic industry partnerships and further developing its software-defined vehicle (SDV) platforms to support the next generation of electrification, the evolution of the medium-duty vehicle industry, and the beginning of production in connection with of L4 autonomous vehicles under REE’s non-binding MOU (pending a definitive agreement). In addition, any statements that refer to plans, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “can,” “estimate,” “expect,” “foresee,” “intend(s),” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would”, “designed,” “target” and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements. These forward-looking statements are based on REE’s current expectations and assumptions about future events and are based on currently available information as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur.

    Uncertainties and risk factors that could affect REE’s future performance and could cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7 lineup; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with building out of REE’s supply chain; risks associated with plans for REE’s initial commercial production; REE’s dependence on suppliers and potential suppliers, which include single or limited source suppliers; development of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns; risks related to a lack of compliance with Nasdaq’s minimum bid price requirement or other Nasdaq listing rules; future sales of our securities by existing material shareholders or by us that could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes due to accidents, political events, international hostilities and instability, piracy or acts by terrorists; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of fluctuations in interest rates, inflation, and foreign exchange rates; the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general market, political and economic conditions in the countries in which we operate (including the recent policy changes by the Trump Administration); the ongoing Gaza war and other military conflict in Israel; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27, 2024 and in subsequent filings with the SEC.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3bfda595-16df-40b9-b642-22cd81f7c40e

    Halifax, Nova Scotia–(Newsfile Corp. – April 4, 2025) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), acknowledges the recent joint announcement by China's Ministry of Commerce and the General Administration of Customs regarding export restrictions on critical rare earth elements effective April 4, 2025.

    As reported by multiple news sources, the export restrictions, applicable to all countries, include seven key medium and heavy rare earth elements, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium.

    China's decision to implement these export controls underscores the critical importance of establishing a secure and independent rare earth supply chain in North America. Ucore remains steadfast in its commitment to mitigating supply chain vulnerabilities through the development and commercialization of its proprietary RapidSX™ rare earth element refining technology.

    Ucore's Strategic Initiatives:

    • U.S. Department of Defense Collaboration: Ucore is currently processing heavy rare earth elements at its RapidSX™ Commercial Demonstration Plant (the "Demonstration Plant") further to its USD$4 million contract with the US Department of Defense. The Demonstration Plant was constructed in Kingston, Ontario for the purpose of demonstrating the RapidSX™ technology at commercial scale.

    • Louisiana Strategic Metals Complex (SMC): Ucore is progressing with the development of the Louisiana SMC in Alexandria, Louisiana. This facility is being designed to process broad both heavy and light mixed rare earth chemical concentrates, thereby reducing North America's reliance on foreign sources.

    • Government Support: Ucore has additionally secured a $4.28 million funding agreement from the Government of Canada to demonstrate the commercial efficacy of the RapidSX™ technology. This funding supports the production of high-purity rare earth elements from Canadian and U.S. feedstock sources. In addition to federal government support, the Company has executed a non-binding Letter of Intent with the State of Louisiana with respect to State grants, tax incentives, payroll rebates and other incentives with an estimated value of USD$15 million.

    On March 20, 2025, President Trump invoked wartime powers under the Defense Production Act to address threats to America's national and economic security as a result of reliance on "hostile foreign powers' mineral production" (see Ucore Press Ucore Applauds White House Executive Action to Strengthen Critical Mineral Production – Ucore Rare Metals Inc.). The Executive Order outlines a number of initiatives to "facilitate domestic mineral production to the maximum extent possible" and is aimed at the production of a number of critical minerals, including rare earth elements. Ucore looks forward to continuing its work the US Department of Defense in developing a North American supply chain for these critical materials.

    Pat Ryan, P.Eng., Chairman and CEO of Ucore, stated: "China's recent announcement highlights the urgent need for a robust and independent rare earth supply chain in North America. Ucore's RapidSX™ technology offers a transformative solution to this challenge, and we are committed to advancing our strategic initiatives to ensure a stable and secure supply of critical rare earth elements."

    # # #

    About Ucore Rare Metals Inc.

    Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

    Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana, subsequent Strategic Metal Complexes in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA.

    Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."

    For further information, please visit www.ucore.com.

    Forward-Looking Statements

    This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that 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. The details of the legislation by which tariffs are implemented can potentially impact the effectiveness of the protections afforded by Foreign Trade Zones. 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 any disclosure in the press release above about the US Department of Defense or the Government of Canada Programs and the expected successful progress and resulting milestone payments from these Programs, the Company has assumed that the Programs (including each of their milestones) will be completed satisfactorily. For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and ongoing Programs (generally), see the risk disclosure in the Company's MD&A for Q3-2023 (filed on SEDAR on November 20, 2023) (www.sedarplus.ca) as well as the risks described below.

    Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to complete the Demo Plant demonstration schedule and also later prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Element project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

    Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.

    CONTACTS

    Mr. 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/247345

    Ucore Rare Metals Inc. (V.UCU) hit a new 52-week high of $1.08 Friday. Ucore commented on the latest executive order issued by President Trump, invoking wartime powers under the Defense Production Act to address threats to the country's national and economic security by reliance upon "hostile foreign powers' mineral production"

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    Halifax, Nova Scotia–(Newsfile Corp. – March 21, 2025) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to comment on the latest executive order issued by President Trump, invoking wartime powers under the Defense Production Act to address threats to the country's national and economic security by reliance upon "hostile foreign powers' mineral production" (the "Executive Order").

    The Executive Order outlines a number of initiatives to "facilitate domestic mineral production to the maximum extent possible" and is aimed at the production of a number of critical minerals, including rare earth elements. More specifically, the Executive Order directs the Development Finance Corporation ("DFC") and Secretary of Defense to develop a plan to establish a dedicated mineral and mineral production fund for domestic investments within 30 days.

    Additionally, the Secretary of Defense has been directed to add mineral production as a priority industrial capability development area for the Industrial Base Analysis and Sustainment Program ("IBAS"). Ucore is a current participant of the IBAS Program and is processing rare earth materials at its RapidSX™ Commercial Demonstration Facility further to a USD$4 million contract with the US Department of Defense (see Ucore Press Release dated June 6, 2023 Ucore Announces a US$4 Million Award from the US Department of Defense – Ucore Rare Metals Inc.).

    "President Trump's executive order underscores the urgent need to establish robust, domestic rare earth processing capabilities," said Pat Ryan, Chairman and CEO of Ucore. "As the US looks to onboard rare earth mineral projects, there is strategic merit in knowing that significant security can be established by first dominating the processing and refining. We look forward to continuing our work with the Department of Defense to support this important initiative as we move toward commercializing our RapidSX™ rare earth element ("REE") refining technology."

    Figure 1 – Aerial view of Ucore's planned Strategic Metals Complex in the England Airpark, Alexandria, LouisianaTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1119/245541_50f55c3944136861_001full.jpg

    Ucore's first Strategic Metals Complex is to be located in the England Airpark (formerly the England Air Force Base). The project has already garnered strong support from both government and private sector stakeholders and will provide the U.S. with the capacity to produce high-purity REEs essential for national security and technological advancement.

    This executive order aligns strongly with Ucore's ongoing efforts to develop a resilient Western supply of REEs, including those crucial to semiconductor manufacturing, robotics, and clean energy applications. With the global semiconductor market projected to exceed $1 trillion by 2030 and AI-driven automation fueling unprecedented demand for rare earth permanent magnets, Ucore's scalable and modular refining process is uniquely positioned to fill this critical gap.

    See the following link for the full text of the Executive Order: Immediate Measures to Increase American Mineral Production – The White House.

    # # #

    About Ucore Rare Metals Inc.

    Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

    Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana, subsequent Strategic Metal Complexes in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA.

    Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."

    For further information, please visit www.ucore.com.

    Forward-Looking Statements

    This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that 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. The details of the legislation by which tariffs are implemented can potentially impact the effectiveness of the protections afforded by Foreign Trade Zones. 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 any disclosure in the press release above about the US Department of Defense or the Government of Canada Programs and the expected successful progress and resulting milestone payments from these Programs, the Company has assumed that the Programs (including each of their milestones) will be completed satisfactorily. For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and ongoing Programs (generally), see the risk disclosure in the Company's MD&A for Q3-2023 (filed on SEDAR on November 20, 2023) (www.sedarplus.ca) as well as the risks described below.

    Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to complete the Demo Plant demonstration schedule and also later prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Element project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

    Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.

    CONTACTS

    Mr. 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/245541

    REE Automotive Ltd.

    Additional Proceeds Are invited into a Second Closing from Existing Strategic Investors

    TEL AVIV, Israel, March 18, 2025 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE) (the “Company”), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that it has entered into securities purchase agreements with new institutional investors and certain existing strategic investors, including M&G Investments and Varana Capital, for the purchase and sale of 6,376,631 ordinary shares at a purchase price of $4.25 per share, pursuant to a registered direct offering, resulting in gross proceeds of up to approximately $27 million at closing(s) before deducting placement agent commissions and other offering expenses. The initial closing of the offering is expected to occur on or about March 19, 2025, subject to the satisfaction of customary closing conditions.

    Motherson Group, an existing shareholder and one of the world’s leading automotive suppliers, has been invited to invest up to $10 million in a second closing for a fully subscribed round by no later than March 28, 2025.

    The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

    A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.

    This offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-266902) which was declared effective by the Securities and Exchange Commission (the “SEC”) on August 25, 2022. The offering is made only by means of a prospectus which is part of the effective registration statement. A final prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Additionally, when available, electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    About REE Automotive

    REE Automotive Ltd. (Nasdaq: REE) is a technology company enabling the next generation of software-defined vehicles (SDVs). Powered by REE® vehicles manage operations and features through proprietary software, enhancing safety, modularity and performance in passenger and commercial vehicles. At the core of REE’s SDV technology is a single unified layer powered by the company’s system-on-chip, redundant architecture capable of real-time, complex decision making on vehicle dynamics, energy management and autonomy. REE has a global supply chain managed by multibillion dollar international supplier, Motherson Group, REE’s second largest investor. Together with a leading automotive manufacturer in Detroit, REE can produce Powered by REE vehicles at scale without the need for capital-intensive investment. REE’s SDV technology licensing is a solution for OEMs seeking to improve their cost structure, reduce time to market and enhance their product offering. The company is targeting the first deliveries of its flagship P7-C electric truck in the first half of 2025, and plans for continued growth by completing, not competing with global OEM’s future vehicle lineups. With a validated and certified SDV architecture, REE helps automakers and fleet operators unlock new mobility possibilities. Learn more at www.ree.auto.

    Forward Looking Statements

    This communication includes certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. For example, REE is using forward-looking statements when it discusses the expected closing of the offering and the potential for an additional investment by an existing strategic investor. In addition, any statements that refer to plans, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “can,” “estimate,” “expect,” “foresee,” “intend(s),” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would”, “designed,” “target” and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements.

    These forward-looking statements are based on REE’s current expectations and assumptions about future events and are based on currently available information as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur.

    Uncertainties and risk factors that could affect REE’s future performance and could cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7 lineup; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with building out of REE’s supply chain; risks associated with plans for REE’s initial commercial production; REE’s dependence on suppliers and potential suppliers, which include single or limited source suppliers; development of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns; risks related to a lack of compliance with Nasdaq’s minimum bid price requirement or other Nasdaq listing rules; future sales of our securities by existing material shareholders or by us that could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes due to accidents, political events, international hostilities and instability, piracy or acts by terrorists; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of fluctuations in interest rates, inflation, and foreign exchange rates; the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general market, political and economic conditions in the countries in which we operate (including the recent policy changes by the Trump Administration); the ongoing Gaza war and other military conflict in Israel; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27, 2024 and in subsequent filings with the SEC.

    Contacts

    Media ContactMalory Van GuilderSkyya PR for REE Automotive+1 651-335-0585ree@skyya.com

    Investor ContactDana RubinsteinChief Strategy Officer for REE Automotiveinvestors@ree.auto

    REE Automotive Ltd.

    REE Automotive SDV technology

    REE Automotive redefines SDV technology with certified, safety-focused systems that enhance flexibility and performance in passenger and commercial EVs.

    REE is intended to be the exclusive provider of software-defined vehicle technology to this leading tech company in multiple global markets

    Definitive long-term collaboration agreement expected in 2025, leveraging REE’s P7 platform to deliver thousands of autonomous vehicles by 2030 with start of production expected in 2027

    • REE is intended to be the exclusive provider of software-defined vehicle technology to this leading tech company in multiple global markets

    • Definitive long-term collaboration agreement expected in 2025, leveraging REE's P7 platform to deliver thousands of autonomous vehicles by 2030 with start of production expected in 2027

    • Targeting revenue from the strategic collaboration agreement of up to $770 million by 2030 with software and services revenue expected to begin in H2 2025

    TEL AVIV, Israel, March 18, 2025 (GLOBE NEWSWIRE) — REE Automotive Ltd. (NASDAQ: REE), an automotive technology company that develops and builds software-defined electric vehicles, entered into a non-binding memorandum of understanding (MOU) with a global technology company developing and marketing new mobility solutions for passenger and freight transport. The MOU outlines the companies’ intent to develop and produce multiple thousands of autonomous-driving (AD) vehicles based on REE’s existing P7 platform. The parties intend to sign a strategic collaboration agreement by year-end 2025. It is estimated that the agreement will generate up to $770 million in potential revenues over the next five years. Through this collaboration, the companies plan to lead the global autonomous transportation market by integrating next-generation software-defined electrical architecture and best-in-class software technology.

    The potential collaboration aims to leverage REE’s Federal Motor Vehicle Safety Standards (FMVSS) certified P7 platform and its Unified Architecture (RUA) of ultra-high-performance System on Chip (SOC) designed for real-time complex decision making on vehicle dynamics, safety, energy management, redundancy and autonomy. The Powered by REE® architecture and software technology stack should enable fast time to market with expected launch of the first production vehicles as early as 2027.

    “We are very excited to see our advanced SDV technology reshaping the future of autonomous transportation at scale as it is being integrated into vehicles and applications outside of REE,” said Daniel Barel, CEO and co-founder of REE Automotive. “We believe that using our AD-ready and certified P7 platform and our advanced software technology allow us to bring this program to the market swiftly and with minimal investment offering a truly modular, adaptive and cost-effective autonomous solution.”

    Powered by REE® software paves the way for a new generation of autonomous vehicles that are fully scalable, flexible and can integrate over-the-air updates which would scale REE’s innovation across a wide range of price points and global markets.

    REE’s platforms are fully software-defined, enabling continuous evolution and adaptability. This approach reduces hardware complexity and extends vehicles’ operational lifespans, while allowing for new features and optimizations to be deployed remotely. Autonomous vehicle operators benefit from deep data insights that drive predictive maintenance and could improve uptime, which can reduce total cost of ownership. With software-defined control at the core of its zonal architecture, REE’s vehicles offer significant flexibility and an effort to future-proof SDV for emerging mobility solutions.

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

    About REE AutomotiveREE Automotive Ltd. (Nasdaq: REE) is a technology company enabling the next generation of software-defined vehicles (SDVs). Powered by REE® vehicles manage operations and features through proprietary software, enhancing safety, modularity and performance in passenger and commercial vehicles. At the core of REE’s SDV technology is a single unified layer powered by the company’s system-on-chip, redundant architecture capable of real-time, complex decision making on vehicle dynamics, energy management and autonomy. REE has a global supply chain managed by multibillion dollar international supplier, Motherson Group, REE’s second largest investor. Together with a leading automotive manufacturer in Detroit, REE can produce Powered by REE vehicles at scale without the need for capital-intensive investment. REE’s SDV technology licensing is a solution for OEMs seeking to improve their cost structure, reduce time to market and enhance their product offering. The company is targeting the first deliveries of its flagship P7-C electric truck in the first half of 2025, and plans for continued growth by completing, not competing with global OEM’s future vehicle lineups. With a validated and certified SDV architecture, REE helps automakers and fleet operators unlock new mobility possibilities. Learn more at www.ree.auto.

    Media ContactMalory Van GuilderSkyya PR for REE Automotive+1 651-335-0585ree@skyya.com

    Investors ContactDana RubinsteinChief Strategy Officer for REE Automotiveinvestors@ree.auto

    Caution About Forward-Looking StatementsThis communication includes certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. For example, REE is using forward-looking statements when it discusses REE’s intentions with respect to its potentially being the exclusive provider of software-defined vehicle technology and to lead the development and production of L4 autonomous vehicles, the potential revenues anticipated in connection therewith by 2030, the likelihood of the signing of a strategic collaboration agreement (including the likelihood of its occurrence in 2025), the number of AD vehicles anticipated to be manufactured and sold, the total addressable market of autonomous vehicles, the belief that its AD-ready and certified P7 platform allows it to bring this program to the market swiftly and with minimal investment, and the date(s) for any anticipated revenues and the beginning of production in connection therewith. In addition, any statements that refer to plans, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “can,” “estimate,” “expect,” “foresee,” “intend(s),” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would”, “designed,” “target” and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements.

    These forward-looking statements are based on REE’s current expectations and assumptions about future events and are based on currently available information as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur.

    Uncertainties and risk factors that could affect REE’s future performance and could cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7 lineup; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with building out of REE’s supply chain; risks associated with plans for REE’s initial commercial production; REE’s dependence on suppliers and potential suppliers, which include single or limited source suppliers; development of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns; risks related to a lack of compliance with Nasdaq’s minimum bid price requirement or other Nasdaq listing rules; future sales of our securities by existing material shareholders or by us that could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes due to accidents, political events, international hostilities and instability, piracy or acts by terrorists; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of fluctuations in interest rates, inflation, and foreign exchange rates; the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general market, political and economic conditions in the countries in which we operate (including the recent policy changes by the Trump Administration); the ongoing Gaza war and other military conflict in Israel; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27, 2024 and in subsequent filings with the SEC.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ead25d6c-51a0-4930-b5a5-282c526db97d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/617ad089-9df5-42ff-a8bc-12086f9229b2

    REE Automotive Ltd.

    REE’s software defined vehicles (“SDV”) deliver more real-time data than traditional commercial solutions

    Geotab fleet management solution enables fleets to monitor REE’s SDVs and other vehicles seamlessly, while significantly enhancing the cache of data quality and volume

    • REE’s software defined vehicles (“SDV”) deliver more real-time data than traditional commercial solutions

    • Geotab to gain access to REEai Cloud for advanced data analytics aimed to reduce total cost of ownership (“TCO”) for expanding North American fleet

    • Geotab fleet management solution enables fleets to monitor REE’s SDVs and other vehicles seamlessly, while significantly enhancing the cache of data quality and volume

    TEL AVIV, Israel, Feb. 20, 2025 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced a collaboration with Geotab, a global leader in telematics and fleet management solutions. Through this collaboration, North American fleets purchasing REE’s SDV trucks will have access to Geotab’s data-driven intelligence that gives fleet operators actionable insights to help optimize fleet performance. The integration of REEai Cloud to the Geotab network enables fleets to monitor REE’s SDVs and other vehicles seamlessly, while significantly enhancing the cache of data quality and volume. This collaboration provides added visibility, strengthening the Geotab offering and streamlines the process for fleets to incorporate REE’s SDVs into their existing operations.

    Geotab is the world's #1 commercial telematics provider, long recognized for its expertise in capturing essential, near real-time data through its compact, plug-and-play GO platform, which provides fleet operators with GPS data and telematics data driven insights. Through this compact device, Geotab processes essential fleet data such as speed, range, and other metrics, sending it directly to the cloud to support fleet optimization. With REE’s integration of data, fleets benefit from improved, near real-time actionable insights on both vehicle performance and condition, enabling seamless software updates and facilitating advanced customization options.

    “We are always listening to our customers, and this collaboration exemplifies how we deliver beyond their expectations,” said Tali Miller, Chief Business Officer of REE. “By integrating Geotab’s industry-leading telematics with data generated from REEai Cloud, we’re equipping our fleet operators with the information they need in real time to enable smarter, data-driven decisions that maximize uptime and reduce costs. We’re providing a full-package solution that helps fleets easily transition for the future.”

    REE and Geotab’s collaboration is aimed to provide a solution that meets the needs of modern fleet operators and benefits all stakeholders. REE’s sharing of real-time data with Geotab’s platform aims to allow fleet operators to view, analyze and act upon these insights both via the GO device and server-to-server connectivity. The integration aligns with fleet operators' existing systems, enabling customers to gain in-depth analysis of vehicle efficiency without additional complexity.

    “At Geotab, our priority is helping customers unlock the full potential of their data to make informed, strategic decisions to run their business. By providing Geotab telematics to REE’s vehicle platform, we’re providing our mutual fleet customers with a seamless way to access and act on critical information. It’s about making data work smarter—helping fleet operators enhance efficiency, reduce costs, and stay ahead in an evolving industry,” said Rob Minton, Associate Vice President of Connected Car at Geotab.

    As fleet demands evolve, REE and Geotab’s combined expertise will continue to expand the possibilities of data-driven management. Customers can expect an increasingly powerful set of tools to manage their fleets, from simple data monitoring to advanced diagnostics and proactive maintenance solutions.

    To learn more about REE’s patented technology enabling the company to break new ground in e-mobility, visit www.ree.auto.

    About REE AutomotiveREE Automotive (Nasdaq: REE) is an automotive technology company that allows companies to build electric vehicles of various shapes and sizes on their modular platforms. With complete design freedom, vehicles Powered by REE® are equipped with the revolutionary REEcorner®, which packs critical vehicle components (steering, braking, suspension, powertrain and control) into a single compact module positioned between the chassis and the wheel. 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. Using four identical REEcorners® enables REE to make the industry’s flattest EV platforms with more room for passengers, cargo and batteries. REE platforms are future proofed, autonomous capable, offer a low total cost of ownership (TCO), and drastically reduce the time to market for fleets looking to electrify. To learn more visit www.ree.auto.

    Media ContactMalory Van GuilderSkyya PR for REE Automotive+1 651-335-0585ree@skyya.com

    Investor ContactDana RubinsteinChief Strategy Officer for REE Automotiveinvestors@ree.auto

    Caution About Forward-Looking StatementsThis communication includes certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding REE or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. For example, REE is using forward-looking statements when it discusses the benefits of REE’s collaboration with Geotab, the potential benefits of Geotab’s telematics with data generated from REE products, and the benefits from the integration of REE products within the Geotab network. In addition, any statements that refer to plans, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “aim” “anticipate,” “appear,” “approximate,” “believe,” “continue,” “could,” “estimate,” “expect,” “foresee,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would”, “designed,” “target” and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements in this communication may include, among other things, statements about REE’s strategic and business plans, technology, relationships and objectives, including its ability to meet certification requirements, the impact of trends on and interest in our business, or product, intellectual property, REE’s expectation for growth, and its future results, operations and financial performance and condition.

    These forward-looking statements are based on REE’s current expectations and assumptions about future events and are based on currently available information as of the date of this communication and current expectations, forecasts, and assumptions. Although REE believes that the expectations reflected in forward-looking statements are reasonable, such statements involve an unknown number of risks, uncertainties, judgments, and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. These factors are difficult to predict accurately and may be beyond REE’s control. Forward-looking statements in this communication speak only as of the date made and REE undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur.

    Uncertainties and risk factors that could affect REE’s future performance and could cause actual results to differ include, but are not limited to: REE’s ability to commercialize its strategic plan, including its plan to successfully evaluate, obtain regulatory approval, produce and market its P7 lineup; REE’s ability to maintain and advance relationships with current Tier 1 suppliers and strategic partners; development of REE’s advanced prototypes into marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’s estimates of unit sales, expenses and profitability and underlying assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and homologation of its products; REE’s limited operating history; risks associated with building out of REE’s supply chain; risks associated with plans for REE’s initial commercial production; REE’s dependence on potential suppliers, some of which will be single or limited source; development of the market for commercial EVs; risks associated with data security breach, failure of information security systems and privacy concerns; risks related to lack of compliance with Nasdaq’s minimum bid price requirement; future sales of our securities by existing material shareholders or by us could cause the market price for the Class A Ordinary Shares to decline; potential disruption of shipping routes due to accidents, political events, international hostilities and instability, piracy or acts by terrorists; intense competition in the e-mobility space, including with competitors who have significantly more resources; risks related to the fact that REE is incorporated in Israel and governed by Israeli law; REE’s ability to make continued investments in its platform; the impact of the COVID-19 pandemic, the ongoing conflict between Ukraine and Russia and any other worldwide health epidemics or outbreaks that may arise and adverse global conditions, including macroeconomic and geopolitical uncertainty; the global economic environment, the general market, political and economic conditions in the countries in which we operate; the ongoing military conflict in Israel; fluctuations in interest rates and foreign exchange rates; the need to attract, train and retain highly-skilled technical workforce; changes in laws and regulations that impact REE; REE’s ability to enforce, protect and maintain intellectual property rights; REE’s ability to retain engineers and other highly qualified employees to further its goals; and other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27, 2024 and in subsequent filings with the SEC.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/204c073b-9356-4813-bdf5-0148c5ec52b7

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