Halifax, Nova Scotia–(Newsfile Corp. – April 16, 2026) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the arrival of a crucial piece of long-lead-time equipment at its Louisiana Strategic Metals Complex ("LA-SMC") in Alexandria, LA. The equipment was procured under the Company's US$22.4 million modified funding agreement with the US Army Contracting Command-Orlando and associated Defense Priorities & Allocations System ("DPAS") Rating. The equipment is a GMM Pfaudler US Inc. 4,000-gallon jacketed glass-lined reactor designed to leach a wide variety of planned Western mixed rare earth oxides ("MREO") and mixed rare earth carbonates ("MREC") to be received at the LA-SMC.
Figure 1 – A 4,000 Gallon Pfaulder Leaching Reactor Arriving at the Louisiana SMC
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1119/292865_aaf53998745cbbf4_001full.jpg
Ucore presented its DPAS DO-B8 rating in a September 19, 2025, news release and noted that a DPAS rating imposes legal obligations on equipment suppliers, requiring that fulfillment of any LA-SMC order be given preferential treatment over unrated orders to meet national defense and emergency preparedness requirements.
The offloading and placement of the Reactor within the LA-SMC was successfully coordinated by Ucore's selected LA-SMC construction management contractor, Ratcliff Construction of Alexandria, LA. A section of the end wall was removed and replaced to facilitate the placement of the reactor within the building.
"The arrival of this major piece of equipment is a significant milestone for the Ucore Team as we stay laser-focused on establishing commercial rare earth processing in Louisiana," stated Mike Schrider, P.E., Ucore Vice President and Chief Operating Officer. "Ucore is conducting a coordinated knowledge transfer of its RapidSX™ technology platform and ancillary processing systems from its Commercialization and Demonstration Facility [CDF] in Kingston, Ontario, to the LA-SMC. This effort will continue throughout 2026, with the installation of one RapidSX™ Machine scheduled for commissioning and product qualification trials in H1-2027."
Coordinated CDF to LA-SMC activities include:
# # #
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 government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q4-2025 (filed on SEDAR+ on March 18, 2026) (www.sedarplus.ca) as well as the risks described below.
Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.
Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.
CONTACTS
Mr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214.
For additional information, please contact:
Mark MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292865
Halifax, Nova Scotia–(Newsfile Corp. – April 14, 2026) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the completion of an upgraded mineral resource estimate ("Resource" or "Mineral Resource") for the Bokan Dotson-Ridge rare earth element project in Southeast Alaska ("Bokan"), together with the associated Technical Report (the "Technical Report"). The Technical Report has been prepared in accordance with both National Instrument 43-101 and SEC Regulation S-K 1300. The effective date of both the mineral resource estimate and the technical report is April 9, 2026.
A summary of the upgraded mineral resource estimate is as follows:
| Measured Mineral Resource Estimate, Assuming TREO cut-off of 0.4% | |||||
| CLASSIFICATION | TONNES | LREO(%) | HREO(%) | TREO(%) | Contained TREO (TONNES) |
| Measured | 801,600 | 0.38 | 0.22 | 0.60 | 4,826 |
| Indicated | 3,369,800 | 0.35 | 0.23 | 0.58 | 19,545 |
| Inferred | 980,300 | 0.34 | 0.22 | 0.57 | 5,568 |
Notes:
Total Rare Earth Oxides (TREO) includes: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3
Heavy Rare Earth Oxides (HREO) includes: Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3
The mineral resource estimate was completed by Mr. Jim Robinson, a Senior Consulting Geologist at Aurora Geosciences (Alaska) Ltd. ("Aurora"). Mr. Robinson is an independent qualified person for the purposes of NI 43-101 standards of disclosure for mineral projects of the Canadian Securities Administrators and has reviewed and verified the technical and scientific content disclosed in this release. A Technical Report with the updated Mineral Resource estimate will be filed on SEDAR+ within 45 days.
A database of 97 diamond drill holes totaling 20,000 m and 85 surface channels totaling 280 m. This diamond drilling and channel sampling was completed by Ucore in 2008, 2009, 2010, 2011, 2014, and 2022 on the Dotson Ridge zone.
All geochemical analyses were performed by ALS Chemex, Eco-tech Laboratories Ltd., Bureau Veritas (ACME Analytical), and Activation Laboratories.
The specific gravity ("SG") used is the overall mean of 2.77, determined from 309 SG readings.
Block model was estimated by the Inverse Distance Squared interpolation method on blocks of maximum 4 m x 4 m and minimum 1 m x 1 m dimensions.
All rare earth element ("REE") assays exceeding the 95% confidence level ("CL") were cut to the 95% CL for each element.
All intercepts with a true width of less than 1.5 m were diluted to a potential mining width of 1.5 m.
"While the Company's focus remains squarely on the deployment of RapidSXTM rare earth refining technology in our Louisiana SMC, the Bokan Dotson-Ridge property remains an important asset as the United States develops an independent rare earth supply chain," said Pat Ryan, Chairman and CEO of Ucore. "Critical minerals are not just commodities but are strategic national security inputs. As demand for rare earth elements continues to grow, the importance of this supply chain will only increase."
Rare earth grades by individual light rare earth oxide at the 0.4% cut-off are as follows:
| CLASS | La2O3 (%) | Ce2O3 (%) | Pr2O3 (%) | Nd2O3 (%) | Sm2O3 (%) |
| MEASURED | 0.07 | 0.18 | 0.02 | 0.086 | 0.022 |
| INDICATED | 0.07 | 0.16 | 0.02 | 0.080 | 0.021 |
| INFERRED | 0.07 | 0.16 | 0.02 | 0.079 | 0.021 |
Rare earth grades by individual heavy rare earth oxide at the 0.4% cut-off are as follows:
| CLASS | Eu2O3 (%) | Gd2O3 (%) | Tb2O3 (%) | Dy2O3 (%) | Ho2O3 (%) | Er2O3 (%) | Tm2O3 (%) | Yb2O3 (%) | Lu2O3 (%) | Y2O3 (%) |
| MEASURED | 0.002 | 0.022 | 0.004 | 0.024 | 0.005 | 0.012 | 0.002 | 0.009 | 0.001 | 0.142 |
| INDICATED | 0.002 | 0.022 | 0.004 | 0.025 | 0.005 | 0.013 | 0.002 | 0.009 | 0.001 | 0.149 |
| INFERRED | 0.002 | 0.022 | 0.004 | 0.024 | 0.005 | 0.013 | 0.002 | 0.009 | 0.001 | 0.144 |
An additional 801,600 tonnes of newly estimated Measured mineralization grading 0.60% of total rare earths ("TREO") at a cut-off grade of 0.40% TREO has now been added to the total Resource at Bokan, which is a result of a surface channel sampling program carried out on the property in the summer of 2022. After the sampling program was completed, a new deposit model was constructed and a new mineral resource was calculated.
The Company is additionally pleased to report that Bokan has an anomalous skew towards the more valuable heavy rare earths ("HREO") and this appears to be consistent across the entire deposit at 35-40% of the TREO. The Resource remains open both at depth and along strike.
The upgraded Resource has been prepared by Aurora. As a third-party consultant, Aurora was additionally responsible for the data collection, quality control, modeling, and reporting associated with the Resource estimate upgrade.
In keeping with the initial mine design set out by Stantec Inc. of Tempe, AZ, ("Stantec"; released April 18, 2012), the upgraded Mineral Resource excludes the I&L Zone (previously included in the initial resource estimate released by the Company March 7, 2011). On the recommendation of Stantec, I&L mineralization, located outside of the primary Dotson Zone of mineralization, will be examined as part of a prospective Phase II mine expansion program.
The drill-defined Mineral Resource at Bokan Dotson-Ridge commences at surface and is open both at depth and along strike. Additional information regarding significant drill results from the Company's prior exploration programs and maps and sections detailing the drill-hole locations and individual REE values are available at: www.ucore.com.
# # #
About Ucore Rare Metals Inc.
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.
Regarding the disclosure in the press release above about Ucore's plan to file a Technical Report on SEDAR+ within 45 days, the Company has assumed that the Technical Report and the accompanying certificates and consents required under Part 8 of NI 43-101 will be filed in the short term. For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q4-2025 (filed on SEDAR+ on March 18, 2026) (www.sedarplus.ca) as well as the risks described below.
Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the Kingston CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.
Regarding the mineral resource estimate reported in this news release, there are several risks or factors which may affect the reported resource. These include but are not limited to:
Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.
CONTACTS
Qualified Person: James Robinson, P.Geo., and independent geologist from Aurora Geosciences (Alaska) Ltd., has prepared the technical data provided in this news release, is the qualified person responsible for its accuracy, and may be contacted at 1.902.482.5214.
For additional information, please contact:
Mark MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292398
Vancouver, British Columbia–(Newsfile Corp. – April 10, 2026) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") provides a corporate update.
CEO Statement
Henk van Alphen, CEO of Wealth Minerals, said: "The lithium landscape globally and in Chile is rapidly advancing due to higher lithium prices and a positive regulatory stance within Chile. The Wealth team has been busy as new interest from potential strategic partners in our assets is picking up. The appointment of a new director and a new legal team is directly tied to the corporate development plans of the Company. All together, these milestones reinforce our long-term commitment to Chile and to the responsible development of strategic lithium resources."
General Corporate Update
Wealth maintains ongoing engagement with local indigenous communities in several project areas, with a focus on transparency and long-term collaboration. The Company's Kuska Project development subsidiary Kuska Minerals SpA (see press release of July 14, 2025) is operating smoothly with regular Board of Director meetings with representatives from Wealth and the Quechua Indigenous Community of Ollagüe attending to manage the affairs of the Kuska Project. Regarding the Kuska Project, the Company is also expecting to engage in a Special Lithium Operation Contract (CEOL) with the State of Chile, which would grant Kuska Minerals SpA full rights to further developing such project into an operation.
Wealth is actively evaluating potential strategic partnerships for its projects, including discussions with international counterparties regarding capital investment, technical collaboration, and long-term off-take agreements.
The Company continues to prioritize the use of Direct Lithium Extraction ("DLE") technologies combined with brine reinjection, aiming to minimize environmental impact and water consumption. Management has maintained key relationships with technology providers who were instrumental in the development of the Kuska Project PEA (see press release of January 4, 2024).
Appointment of New Director, Kevin Nishi
The Company has appointed Mr. Kevin Nishi, former audit partner at Smythe LLP for 28 years, as an independent director. During his tenure at Smythe LLP, his main focus was the audit of public companies listed on the TSX, TSX Venture Exchange and in the U.S. During that time, he was also the engagement partner for several private companies and in his early career, conducted several business valuations and completed litigation support engagements. Mr. Nishi currently sits on two public company boards, Alaska Silver Corp. and Outcrop Silver & Gold Inc., and has held independent board positions with several other Canadian issuers over the years. Mr. Nishi is a Chartered Professional Accountant and has a BBA from Simon Fraser University.
Engagement of New Corporate Counsel
The Company has engaged DLA Piper as its new corporate counsel. DLA Piper is one of the world's largest and most prominent global law firms with more than 90 offices in over 40 countries spanning the Americas, Europe, Asia Pacific, the Middle East, and Africa. The firm employs approximately 4,800 lawyers and generates multi-billion-dollar annual revenue (ranking among the top three highest-grossing law firms globally in 2024). David Reid of DLA Piper will represent the Company. Mr. Reid is a senior partner at DLA Piper (Canada) LLP, based in the Vancouver office, where he serves as Global Co-Chair of the firm's Mining Sector, providing strategic advice on large-scale national and international transactions in the mining and natural resources industries.
Stock Option Grant
Pursuant to the Company's Amended 2004 Incentive Stock Option Plan, the Company has granted incentive stock options to directors, officers, employees and consultants of the Company to purchase up to 11,700,000 common shares in the capital stock of the Company. The options are exercisable on or before April 10, 2028 at a price of $0.10 per share.
Private Placement Clarification
Pursuant to the Company's news releases dated January 12, January 26, February 3 and February 25, the Company wishes to clarify the terms of the finder's warrants, whereby all finder's warrants issued pursuant to the financing are non-transferable at an exercise price of $0.12 and expire two years from closing.
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests in Canada and Chile. The Company's focus is the acquisition and development of lithium projects in South America.
The Company opportunistically advances battery metal projects where it has a peer advantage in project selection and initial evaluation. Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues with the industry meeting anticipated future demand. Wealth is positioning itself to be a major beneficiary of this future mismatch of supply and demand. In parallel with lithium market dynamics, Wealth believes other battery metals will benefit from similar industry trends.
For further details on the Company readers are referred to the Company's website (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR+ at www.sedarplus.ca.
On Behalf of the Board of Directors of
WEALTH MINERALS LTD.
"Hendrik van Alphen"Hendrik van AlphenChief Executive Officer
For further information, please contact:Marla Ritchie, Michael Pound or Henk van AlphenPhone: 604-331-0096 or 604-638-3886
For all Investor Relations inquiries, please contact:John LiviakisLiviakis Financial Communications Inc.Phone: 415-389-4670
For all Public Relations inquiries, please contact:Nancy ThompsonVorticom, Inc.Office: 212-532-2208 | Mobile: 917-371-4053
Follow Us:Facebook – https://www.facebook.com/WealthMineralsLtdLinkedin – https://www.linkedin.com/company/wealth-mineralsTwitter – https://www.twitter.com/WealthMinerals
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement, timing and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral projects, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity markets generally, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSXV acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's latest interim Management Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291905
By Fabian Cambero, Divya Rajagopal and Tom Daly
SANTIAGO, April 10 (Reuters) – Chile is set to break with precedent and open its annual global copper gathering next week with a day of panels devoted to lithium, as it seeks to decisively diversify beyond the red metal that has powered its economy for decades.
The inaugural World Lithium Conference, organised by consultancy CRU and the International Lithium Association, will kick off what the copper industry knows as CESCO Week in Santiago on Monday.
After months in the doldrums, lithium prices have rebounded to more than two-year highs as concerns over oil supplies from the war-hit Middle East spur fresh interest in the metal used in batteries for electric vehicles.
Lithium supply is meanwhile tightening due to the closure of a key mine in China, an export ban in Zimbabwe, and dwindling lithium carbonate stocks.
Chile has the world's third-largest lithium resources – after Argentina and Bolivia – at 13 million tons, according to the U.S. Geological Survey.
NEW PRESIDENT, NEW EXPECTATIONS
With five mining companies, including Rio Tinto , angling for development rights, Chile's new president, José Antonio Kast, is spoilt for choice as the country puts its vast deposits up for partnerships.
"The lithium strategy rolled out in 2023 was a pretty good direction, so what we are hoping is the new government takes it up and makes it simpler and faster to award new contracts," said Ignacio Mehech, CEO of CleanTech Lithium.
London-listed CleanTech has been awarded a license to produce lithium, but it still needs an environmental permit to mine. It is fundraising to contract a $750 million mine on the edge of the lithium-rich Salar de Laguna Verde.
MORE MINES AND MORE DEMAND
There is strong momentum behind lithium, with the number of active mining operations globally doubling over the past four years to reach close to 80 mines in 2026, according to CRU.
Demand for lithium in stationary batteries continues to grow, helping to offset weakness in the EV market, said CRU's head of lithium and battery materials, Martin Jackson.
"Lithium will remain the most competitive technology for its energy density for many years to come,” he said.
Lithium carbonate prices in China are expected to average around $22 per kilogram this year, excluding VAT, according to CRU, an increase of about 135% from the previous year.
The investor community is also bullish. Investment bank Macquarie estimates global lithium demand will jump by more than 20% a year through the end of the decade due to demand from energy storage, even as growth in EV demand eases.
"Current market tightness suggests a compelling setup for sustained upward price momentum as demand inevitably outstrips delayed supply," said Asad Farid, director of the strategic materials equity fund at J. Safra Sarasin Sustainable Asset Management.
US-CHINA TENSIONS WEIGH
Chile's further diversification into lithium comes at a time when tensions between China and the U.S. are spilling over into natural resource-rich regions like South America.
China has steadily increased its share of global lithium demand over the past four years, rising from 75% to nearly 90%. The Guangzhou Futures Exchange price for lithium has established itself as an industry benchmark.
Chile has already had a taste of the type of diplomatic balancing act required as it pursues a China Mobile-backed fibre-optic link between the wine town of Valparaiso and Hong Kong despite U.S. objections.
"With the current approach of President Trump, perhaps we have to think twice if we go for Chinese investors," said Marcelo Awad, a mining veteran in Chile who is advising Wealth Minerals, a Toronto Stock Exchange-listed lithium company.
Wealth Minerals is in talks with India's state-run Coal India Limited about a potential joint venture and is looking for investors for its $750 million lithium mine.
However, some believe that Chile should continue with its neutral stance.
"The biggest discussion here right now is how Chile will manage to keep good relations with every country, including China," CleanTech's Mehech said, adding that Chile cannot afford to choose one country over the other.
(Reporting by Fabián Cambero, Divya Rajagopal in Toronto and Tom Daly in London; Editing by Veronica Brown, Ernest Scheyder and Edwina Gibbs)
Halifax, Nova Scotia–(Newsfile Corp. – April 9, 2026) – ReeXploration Inc. (TSXV: REE) (FSE: K2I0) ("ReeXploration" or the "Company") is pleased to report positive preliminary results from its maiden uranium drilling program at the Eureka Project ("Eureka" or the "Project") in central Namibia.
The 11-hole, 1,729 m reconnaissance program successfully intersected widespread radiometric anomalies within favorable geological settings associated with Rössing-style uranium mineralization.
Radiometric results reported herein are preliminary and subject to confirmation from downhole radiometric surveys and laboratory geochemical analysis.
Highlights:
"We are highly encouraged by the results from our first uranium drilling program at Eureka," said Christopher Drysdale, Interim CEO. "The program has successfully validated our Rössing-style exploration model, confirming the presence of the right rocks in the right structural settings, along with widespread elevated radiometric responses indicating the potential scale of the system. Importantly, we are seeing indications of both primary and near-surface uranium mineralization, highlighting the multi-target potential of the Project. We look forward to advancing these results with further downhole radiometrics and geochemical analysis."
Drilling Program Overview
The drilling program was designed to test for primary uranium mineralization hosted within leucogranites beneath shallow cover. Drill holes were oriented at -55° to -60° toward the west to test steeply east-dipping stratigraphy belonging to the Arandis Formation.
Drill hole lengths ranged from approximately 140 m to 200 m, corresponding to vertical depths of approximately 120 m to 160 m below surface. Several holes were drilled as fences to evaluate, at a preliminary level, geological continuity and the distribution of leucogranite intrusions.
Drill hole locations are shown in Figure 1 and details are summarized in Table 1.
Leucogranite Drilling Results (Rössing-Style Targets)
Drilling confirmed the presence of sheeted leucogranites in contact with carbonate-bearing and sulphidic lithologies (Arandis Formation), which are known to be favourable contact rock types for uranium-bearing leucogranites in Namibia.
Leucogranite intersections ranged from a few metres up to 20 metres thick, with multiple stacked units/sheets per hole (2 to 26 intersections).
Elevated radioactivity readings were recorded within these units and associated contact zones using a handheld RS-125 spectrometer on drill core, including highlights of:
Portable XRF readings support the presence of uranium mineralization.
These results confirm the presence of a favourable geological system and support the Company's Rössing-style exploration model.
SU26-04: Coarse-grained pegmatitic leucogranite in contact with calc-silicates.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6102/291675_reeexploration1.jpg
SU26-04: Leucogranite with elevated radioactivity, 577 cps over 4.2 metres from 80.00 to 84.2 metresTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6102/291675_reeexploration2.jpg
SU26-08: Altered leucogranite with elevated radioactivity occurring in micaceous shear zone, 460 cps over 2.5 metres from 134.75 to 137.25 metres.
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6102/291675_reeexploration3.jpg
Gypcrete-Calcrete Drilling Results (Langer Heinrich-Style Targets)
Although not the primary focus of the program, near-surface uranium mineralization was encountered in 7 of 11 drill holes, including visible carnotite (secondary uranium mineral) within calcrete and gypcrete horizons.
Notable results, using a handheld RS-125 spectrometer on drill core, include:
Portable XRF readings supported the presence of uranium mineralization in the overburden.
These observations highlight additional discovery potential for Langer Heinrich-style calcrete-hosted uranium mineralization, providing a secondary exploration target across the Project.
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6102/291675_reeexploration4.jpg
Next Steps
The Company plans to:
Figure 1: Location of 2026 Drill CollarsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6102/291675_reeexploration5.jpg
Table 1: Drill Hole Details
| Hole ID | X(WGS84 UTM Z33S) | Y(WGS84 UTM Z33S) | Azimuth | Dip | Length (m) |
| SU26-01 | 523365 | 7560778 | 270° | -60° | 152.3 |
| SU26-02 | 523738 | 7560935 | 270° | -60° | 167.25 |
| SU26-03 | 523294 | 7560779 | 270° | -55° | 155.3 |
| SU26-04 | 523487 | 7560800 | 270° | -55° | 200.3 |
| SU26-05 | 523372 | 7560188 | 250° | -55° | 152.1 |
| SU26-06 | 523080 | 7559884 | 250° | -55° | 152.3 |
| SU26-07 | 523458 | 7560217 | 250° | -55° | 152.3 |
| SU26-08 | 523817 | 7559596 | 250° | -55° | 152.3 |
| SU26-09 | 522009 | 7560450 | 250° | -55° | 152.3 |
| SU26-10 | 523609 | 7561729 | 300° | -55° | 143.1 |
| SU26-11 | 523749 | 7559570 | 250° | -55° | 149.4 |
Qualified Person and Technical Disclosure
Tolene Kruger, BSc. (Hons), M.Sc., is a consulting geologist and has reviewed and approved the scientific and technical information in this news release. Ms. Kruger is registered as Professional Natural Scientist (Pr.Sci.Nat.) with the South African Council for Natural Science Professions (SACNASP, Reg. No.: 148182), and a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Ms. Kruger is not independent of the Company under NI 43-101.
The RS-125 handheld gamma-ray spectrometer is factory calibrated using certified potassium, uranium and thorium standards, with field verification conducted on calibration pads of known radioelement concentrations. The instrument maintains measurement accuracy through automatic energy stabilization using natural background radiation. The Company also periodically checks the spectrometer against known radioactive sources in the field (e.g., areas of visible mineralization) to confirm it is functioning properly.
About ReeXploration Inc.
ReeXploration (TSXV: REE) (FSE: K2I0) is a Canadian exploration company positioned to help meet surging global demand for secure, responsible supplies of critical minerals essential to the clean energy transition, advanced technologies and national defense. The Company's flagship Eureka Project in central Namibia pairs a technically proven rare earth foundation – supported by the production of a clean monazite concentrate – with a newly defined, high-priority uranium target located within one of the world's most established uranium corridors. Together, these commodities provide multi-path discovery potential aligned with accelerating global efforts to diversify critical mineral and nuclear fuel supply. Supported by a Namibia-based technical team and guided by global critical minerals experts, ReeXploration is advancing a disciplined, discovery-led strategy, building a credible, ESG-aligned platform positioned to benefit from the global race to diversify and secure responsible supply chains.
Caution Regarding Forward-Looking Information
This press release may contain forward-looking information. This information is based on current expectations and assumptions (including assumptions relating to general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking information. ReeXploration does not assume any obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by securities laws applicable to ReeXploration. Additional information identifying risks and uncertainties is contained in the filings made by ReeXploration with Canadian securities regulators, which filings are available at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Further details are available on the Corporation's website at www.rareearthexploration.com or contact Christopher Drysdale, Interim CEO of ReeXploration Inc., at +1 902-334-1949, contact@rareearthexploration.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291675
Ucore highlights:
Halifax, Nova Scotia–(Newsfile Corp. – March 24, 2026) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the execution of a Memorandum of Understanding dated March 16, 2026 with Vulcan Elements Inc. ("Vulcan") to collaborate on the development of a domestic rare earth magnet supply chain for defense and commercial applications. Under the agreement, the parties intend to finalize a full commercial supply partnership whereby Ucore would supply Vulcan with NdPr oxide and Dy oxides at commercial scale beginning in 2027.
The collaboration aligns Ucore's demonstrated separation platform at its Commercial Demonstration Facility ("CDF") in Kingston, Ontario, and its planned Louisiana Strategic Metals Complex ("SMC") in Alexandria, Louisiana, with a leading American magnet manufacturer. Vulcan currently operates a commercial magnet manufacturing facility in Durham, North Carolina, and is expanding to a 10,000 tonne magnet manufacturing facility in Benson, North Carolina. The facility is enabled by a $1.4 billion partnership with the United States Government, including the Department of War and the Department of Commerce. In May 2025, Ucore announced an $18.4 million Award by the Department of War to develop its rare earth processing capabilities in Louisiana.
Ucore intends to make a portion of its planned Louisiana SMC capacity available to Vulcan beginning in 2027. The collaboration would create a direct commercial bridge from Ucore's demonstration-scale separation work in Kingston to commercial-scale production in Louisiana, while supporting Vulcan's manufacturing in North Carolina.
Pat Ryan, P.Eng., Chairman & Chief Executive Officer of Ucore, stated:"Vulcan is building exactly the kind of downstream magnet platform that the United States needs, and this partnership creates a winning commercial partnership that aligns Ucore's separation capability with an industry-leading U.S. manufacturer. Our collaboration will anchor a resilient allied rare earth magnet supply chain in the United States."
John Maslin, Chief Executive Officer of Vulcan Elements, commented:"Since its inception, Vulcan Elements' mission has been to build a domestic rare earth magnet supply chain that can propel America into the 21st century and enable the next era of innovation and national security. Vulcan's partnership with Ucore is a milestone for both companies, and for the United States of America. Together, we're rebuilding a core industry that is critical for economic growth and national security."
This year, Ucore and Vulcan intend to advance initial production, testing protocols, purity targets, acceptance criteria, and other technical specifications in support of Vulcan's magnet manufacturing capability-leading to a longer-term commercial supply agreement.
#
About Ucore Rare Metals Inc.
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.
About Vulcan Elements
Vulcan Elements manufactures sintered permanent neodymium iron boron (NdFeB) magnets in the United States for critical defense and commercial applications. NdFeB magnets convert electricity into motion. They are essential components in almost every advanced machine and electronic device-from AI data centers and semiconductor fabrication equipment to satellites, drones, robotics, electric motors, and virtually all military platforms. Vulcan remains committed to advancing technological innovations, galvanizing America's manufacturing workforce, and collaborating with both public and private sector stakeholders to strengthen the domestic rare earth magnet supply chain.
For further information, please visit www.vulcanelements.com
Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.
Regarding the disclosure in the press release above about government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q4-2025 (filed on SEDAR+ on May 18, 2025) (www.sedarplus.ca) as well as the risks described below.
Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.
Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.
CONTACTS
Ucore:
Mark MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com
Vulcan Elements:
Jonah Glick-UntermanChief of StaffVulcan ElementsJonah@vulcanelements.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289691
Uncover the next big thing with 13 elite penny stocks that balance risk and reward.
What Is Ucore Rare Metals' Investment Narrative?
To own Ucore Rare Metals today, you have to believe that its RapidSX™ technology and emerging North American supply-chain role can eventually justify owning a pre-revenue company with a history of widening losses. The latest C$39.26 million full-year loss intensifies questions around cash runway and funding, especially with prior going-concern flags and recent dilution, and the sharp share price pullback suggests the market sees this as material. Near term, the main catalysts still sit around Phase 2 progress for RapidSX, government funding flows, and converting MOUs like VAC and Yangibana into binding offtake and financing arrangements, but the higher loss profile makes timing and structure of future capital raises a much bigger part of the story. In that sense, this earnings print does not change the core thesis so much as it raises the stakes around execution risk and balance sheet resilience.
However, that bigger loss figure brings a funding risk that current shareholders cannot really ignore.
Despite retreating, Ucore Rare Metals' shares might still be trading above their fair value and there could be some more downside. Discover how much.Exploring Other PerspectivesTSXV:UCU 1-Year Stock Price Chart Seven Simply Wall St Community fair value views span roughly C$2.26 to C$22.64 per share, reflecting very different expectations. Set against the latest C$39.26 million loss, this spread highlights how strongly opinions can diverge on whether future government-backed projects and partnerships will offset funding and dilution pressures.
Explore 7 other fair value estimates on Ucore Rare Metals – why the stock might be worth over 4x more than the current price!
Decide For Yourself
Disagree with this assessment? Extraordinary investment returns rarely come from following the herd, so go with your instincts.
Looking For Alternative Opportunities?
These stocks are moving-our analysis flagged them today. Act fast before the price catches up:
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
NEW YORK, March 20, 2026 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the March 19th OTCQX Best 50 Virtual Investor Conference are now available for On-Demand viewing.
The event featured presentations and Q&A sessions with executives from companies listed on the OTCQX® Best Market, the premier tier of the OTC Markets. Participating companies represented a diverse range of industries including mining and critical minerals, semiconductors, aviation, global retail, and materials.
Investors, advisors, and analysts can now access presentations at their convenience.
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 March 24th.
Schedule 1×1 meetings here
Featured Company Presentations Include:
| Presentation | Ticker(s) |
| Ucore Rare Metals, Inc. | (OTCQX: UURAF| TSXV: UCU) |
| Ahold Delhaize | (OTCQX: ADRNY; AHODF | AMS: AD) |
| Impala Platinum Holdings Ltd. | (OTCQX: IMPUF; IMPUY | JSE: IMP) |
| Infineon Technologies AG | (OTCQX: IFNNY; IFNNF | FSE: IFX) |
| Heliostar Metals Ltd. | (OTCQX: HSTXF | TSXV: HSTR) |
| Deutsche Lufthansa AG | (OTCQX: DLAKF, DLAKY | FSE: LHA) |
| J Sainsbury plc | (OTCQX: JSAIY, JSNSF | LSE: SBRY) |
| Altius Minerals Corp. | (OTCQX: ATUSF | TSX: ALS) |
| Guanajuato Silver Company Ltd. | (OTCQX: GSVRF| TSXV: GSVR) |
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.
About Virtual Investor Conferences®Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com
Virtual Investor Conferences Contact:John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@otcmarkets.com
Ucore Rare Metals Inc (OTCQX:UURAF) is among the rare earth stocks to buy with high upside. On March 6, Ucore Rare Metals Inc (OTCQX:UURAF) provided updates regarding its samarium and gadolinium rare earth oxides production project. This project is focused on producing these rare-earths for aerospace, defense, and strategic industrial supply chains.
According to Ucore Rare Metals, the Pentagon on March 1 requested proposals to boost domestic production of these rare-earths and other critical minerals. Additionally, the company says that US defense procurement restrictions regarding certain magnets are set to tighten significantly from January 2027. In light of these, defense contractors are in a rush to qualify Western-aligned sources of these rare-earths.
According to Ucore Rare Metals Inc (OTCQX:UURAF), its rare-earths production technology dubbed RapidSX is just what US defense contractors are looking for. It says RapidSX doesn’t rely on Chinese equipment or technology.
Ucore Rare Metals Inc (OTCQX:UURAF) has received around $22.4 million in Pentagon funding to support domestic production of heavy rare-earths. Last month, the company highlighted the sharp difference in rare-earth prices inside and outside China. It noted that some rare-earth prices were five times more outside China than inside. According to the company, this indicates a short supply of these elements, and that this situation enhances its rare-earths refining strategy.
Ucore Rare Metals Inc (OTCQX:UURAF) is a heavy rare-earth elements processing company. It’s headquartered in Canada but has projects in the US. Its flagship rare-earths project is in Alexandria, Louisiana, where the company is deploying its proprietary RapidSX separation technology.
While we acknowledge the potential of UURAF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years
Disclosure: None. Follow Insider Monkey on Google News.
Company executives will discuss their business strategies, provide updates on recent developments, and answer questions live from investors.
NEW YORK, March 17, 2026 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the OTCQX Best 50 Virtual Investor Conference to be held March 19, 2026.
The event will feature presentations and live Q&A sessions from executives of companies listed on the OTCQX® Best Market, the premier tier of the OTC Markets. Participating companies represent a diverse range of industries including mining and critical minerals, semiconductors, aviation, global retail, and materials.
Individual investors, institutional investors, advisors, and analysts are invited to attend.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to attend live presentations or schedule one-on-one meetings with company management.
Schedule 1×1 meetings here.
"Each of our OTCQX companies has a unique story, and this Thursday's Virtual Investor Conference will capture that diversity better than most," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "From global retailers and aviation giants to critical minerals explorers and semiconductor leaders, this roster reflects the full breadth and depth of our OTCQX Best Market. We are excited to give U.S. investors direct access to these executives and the strategies and convictions behind each one."
March 19th
| EasternTime (ET) | Presentation | Ticker(s) |
| 9:30 AM | Ucore Rare Metals, Inc. | (OTCQX: UURAF| TSXV: UCU) |
| 10:00 AM | Ahold Delhaize | (OTCQX: ADRNY; AHODF | AMS: AD) |
| 10:30 AM | Impala Platinum Holdings Ltd. | (OTCQX: IMPUF; IMPUY | JSE: IMP) |
| 11:00 AM | Luca Mining Corp. | (OTCQX: LUCMF| TSXV: LUCA) |
| 11:30 AM | Infineon Technologies AG | (OTCQX: IFNNY; IFNNF | FSE: IFX) |
| 12:00 PM | Heliostar Metals Ltd. | (OTCQX: HSTXF | TSXV: HSTR) |
| 12:30 PM | Deutsche Lufthansa AG | (OTCQX: DLAKF, DLAKY | FSE: LHA) |
| 1:00 PM | J Sainsbury plc | (OTCQX: JSAIY, JSNSF | LSE: SBRY) |
| 1:30 PM | Altius Minerals Corp. | (OTCQX: ATUSF | TSX: ALS) |
| 2:00 PM | Guanajuato Silver Company Ltd. | (OTCQX: GSVRF| TSXV: GSVR) |
| 2:30 PM | Endeavour Mining plc | (OTCQX: EDVMF | TSX: EDV) |
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.
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
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.
Why Ucore Rare Metals Stock Is Back in Focus
Ucore Rare Metals (TSXV:UCU) is drawing attention after highlighting government-backed plans to scale its RapidSX rare earth refining technology for samarium and gadolinium, supported by up to CA$36.3 million in conditional Canadian funding.
The update ties Ucore’s project directly to Western defense and aerospace supply chains, as Canada’s CA$6.6b Defence Industrial Strategy and the United States “Project Vault” critical minerals initiative target non Chinese sources of key rare earth inputs.
See our latest analysis for Ucore Rare Metals.
At a share price of CA$6.46, Ucore Rare Metals has seen a 16.2% 90 day share price return and an 11.0% year to date share price return, while the 1 year total shareholder return is more than 7x, suggesting recent defense focused news is resonating with investors even after pockets of short term volatility.
If this defense supply chain story has caught your attention, it could be a moment to see what else is happening across 30 best rare earth metal stocks as another way to spot potential opportunities in critical materials.
With Ucore trading at CA$6.46, sitting well below the analyst price target yet priced after a very large 1-year total return, investors may ask whether there is still potential upside or if the market has already fully reflected expectations for future growth.
Preferred Price-to-Book Multiple of 15.8x: Is It Justified?
On a P/B basis, Ucore Rare Metals screens as expensive, with a 15.8x multiple versus 3.4x for the wider Canadian Metals and Mining industry and 14.3x for its peer group.
The P/B ratio compares a company’s share price to its book value per share, which is essentially the accounting value of its net assets. For resource developers like Ucore that are still loss making and generating minimal revenue, investors often lean on P/B because earnings based multiples are not yet meaningful.
Here, the market is valuing each dollar of Ucore’s book value at more than four times the broader sector average. This is while the company is unprofitable, reports a net loss of CA$33.29m, and currently makes less than CA$1m in revenue. That combination suggests buyers are paying a premium multiple that hinges heavily on expectations for future revenue growth and a path to profitability, rather than current financial performance.
When you compare Ucore’s 15.8x P/B to the 3.4x industry average and the 14.3x peer average, the gap is clear and points to a materially richer valuation than many metals and mining names with lower multiples. With no fair ratio available to indicate where the multiple might settle over time, the current price level appears heavily skewed toward future execution.
See what the numbers say about this price — find out in our valuation breakdown.
Result: Price-to-book of 15.8x (OVERVALUED)
However, investors still face real risks, including Ucore’s current CA$33.29m net loss and its reliance on the successful execution of its rare earth projects and refining technology.
Find out about the key risks to this Ucore Rare Metals narrative.
Another View: DCF Points in a Different Direction
While the 15.8x P/B ratio makes Ucore Rare Metals look expensive next to the 3.4x Canadian Metals and Mining average and the 14.3x peer group, our DCF model tells a different story. At CA$6.46, the shares are trading about 70.9% below an estimated future cash flow value of CA$22.20, which raises a simple question: is the market overpaying for book value or underappreciating potential cash flows?
Look into how the SWS DCF model arrives at its fair value.
UCU Discounted Cash Flow as at Mar 2026
Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Ucore Rare Metals for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 9 high quality undervalued stocks. If you save a screener we even alert you when new companies match – so you never miss a potential opportunity.
Next Steps
Does this mix of optimism and caution match how you see Ucore, or does it feel out of sync with the risks and rewards you care about most? Take a closer look now and weigh both sides through 2 key rewards and 5 important warning signs before you settle on your own stance.
Ready to Expand Your Watchlist?
If Ucore has sharpened your focus on critical materials, do not stop here. A few minutes with the right screeners could surface ideas you will wish you had seen earlier.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.
Ucore Rare Metals (TSXV:UCU) has drawn fresh attention after reporting the submission of its final Phase 1 documentation under an agreement with the US Department of War, which focuses on its RapidSX rare earth separation technology.
See our latest analysis for Ucore Rare Metals.
The Phase 1 report appears to have arrived after a sharp pullback, with a 30 day share price return of a 25.81% decline and a 1 day gain of 2.90%. The 1 year total shareholder return remains extremely high, and short term momentum looks to be cooling after strong year to date and 90 day share price gains.
If this rare earths update has your attention, it could be a good moment to see what else is available in the sector. You can use our 31 best rare earth metal stocks as a starting point.
With Ucore Rare Metals posting a very high 1 year total return, trading at a large discount to its analyst price target and intrinsic value estimate, and experiencing a recent 30 day pullback, is there still a buying opportunity here, or is the market already pricing in future growth?
Preferred Price to Book Multiple of 16.8x: Is It Justified?
On traditional metrics, Ucore Rare Metals looks expensive, with a P/B ratio of 16.8x against the Canadian Metals and Mining industry average of 3.8x and a peer average of 15.1x. This is the case even though the shares last closed at CA$7.10 and are flagged as trading at a large discount to both analyst price targets and the SWS DCF estimate of future cash flow value.
P/B compares the market value of the company to its book value, which can matter a lot for resource focused businesses where hard assets and projects sit heavily on the balance sheet. A 16.8x P/B suggests investors are paying a substantial premium over the company’s reported net assets, despite Ucore currently generating no revenue and reporting a net loss of CA$33.29m.
Relative to its sector, that premium is steep, with the P/B multiple more than 4x the broader Canadian Metals and Mining industry average of 3.8x and also above the 15.1x peer average. This points to the market attaching a high expectation to Ucore’s future projects and forecasts, at a time when the company has less than 1 year of cash runway, is unprofitable, and has seen substantial shareholder dilution and significant insider selling over the past 3 months.
See what the numbers say about this price — find out in our valuation breakdown.
Result: Price to book ratio of 16.8x (OVERVALUED)
However, there are clear pressure points here, including less than 1 year of cash runway and recent shareholder dilution, which could weigh on how the story plays out.
Find out about the key risks to this Ucore Rare Metals narrative.
Another View: DCF Suggests A Very Different Story
While the 16.8x P/B ratio makes Ucore Rare Metals look expensive next to the 3.8x industry average and 15.1x peer average, our DCF model points in the opposite direction. At CA$7.10, the shares are flagged as trading about 69.4% below an estimated future cash flow value of CA$23.24, which presents a very different picture of potential risk and reward. So which signal do you put more weight on: the rich balance sheet multiple or the discounted cash flow gap?
Look into how the SWS DCF model arrives at its fair value.
UCU Discounted Cash Flow as at Feb 2026
Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Ucore Rare Metals for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 8 high quality undervalued stocks. If you save a screener we even alert you when new companies match – so you never miss a potential opportunity.
Next Steps
With mixed signals across valuation methods, do you feel the market is being too cautious or too optimistic here? If you want to move quickly and build your own view using the same data we see, take a close look at the balance of 2 key rewards and 5 important warning signs.
Looking for more investment ideas?
If this story has you thinking harder about where to put your money next, do not stop here. Broaden your watchlist with ideas built from hard numbers.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Vancouver, British Columbia–(Newsfile Corp. – February 25, 2026) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") announces, further to their news releases dated January 12, January 26 and February 3, 2026, that they have closed the final tranche of the private placement. On February 25, 2026, the Company issued an additional 6,825,000 units at $0.08 per unit for gross proceeds of $546,000. The aggregate units issued total 19,575,000 and aggregate gross proceeds of $1,566,000. Each unit consisted of one common share and one-half of one common share purchase warrant at $0.12, expiring on February 25, 2028. All securities issued have a four-month plus one day hold period.
Finder's fees were paid to Canaccord Genuity Corp. ($3,920 cash and 49,000 finder's warrants and Haywood Securities Inc. ($2,800 cash and 35,000 finder's warrants).
The securities offered have not been and will not be registered under the United States Securities Act of 1933 (the "U.S. Securities Act"), as amended, or any applicable state securities laws and may not be offered or sold in the United States or to "U.S. persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests Chile. The Company's focus is the acquisition and development of lithium projects in South America.
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.sedarplus.ca 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/285377
Halifax, Nova Scotia–(Newsfile Corp. – February 23, 2026) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to comment on recent price increases for a number of rare earth elements, in addition to the significant bifurcation of pricing inside of China versus outside of pricing.
On April 4, 2025, China imposed export controls on seven heavy rare earth elements— including dysprosium, terbium, samarium and gadolinium- with related oxides, metals, and permanent magnets. These restrictions, aimed at strengthening oversight of critical, dual-use materials, require exporters to obtain licenses, impacting global supply chains in electronics, defense, and EV industries and remain in place today.
As a result, dysprosium oxide prices in China recently increased to over $200 per kg, with ex-China pricing more than 5 times that, at $1,000/kg. Terbium oxide has increased to $900/kg in China, with prices over $4,500 per kg outside of China. The significant price discrepancies for rare earths inside China versus the rest of the world are most pronounced for these heavy rare earths, reflecting the lack of supply of these critical materials.
With respect to light rare earth oxides, praseodymium-Neodymium Oxide recently increased to the $120 per kg range in China and as high as $140 per kg in North America.
"These price differentials, particularly for the heavy rare earth elements, on which the US Department of War (DoW) has funded Ucore to focus, underscore the importance of the developing North American supply chain," said Pat Ryan, Chairman and CEO of Ucore. "While markets remain dynamic, the emergence of premium pricing for secure, Western-aligned supply supports the long-term fundamentals underlying our commercial strategy. Capturing the margin upside with a first mover refining strategy centered on the Louisiana SMC at this early stage, is a smart approach."
Ucore is advancing its RapidSX™ separation technology platform and planned commercial processing facilities in North America with a focus on both heavy (Terbium and Dysprosium) and light (Praseodymium-Neodymium) rare earths, as well as Samarium and Gadolinium, for with there is currently negligible supply outside of China. The Company's strategy targets the midstream processing and refining segment of the rare earth supply chain — a critical stage that has historically been concentrated in China.
TSX-Venture 50
The Company is further pleased to announce that it has been ranked second overall on the 2026 TSX Venture 50, the TSX Venture Exchange's annual ranking of the top-performing companies listed on the Exchange.
The TSX Venture 50 recognizes the top 50 TSXV-listed companies based on three equally weighted performance metrics over the previous year: (i) one-year share price appreciation, (ii) market capitalization growth, and (iii) Canadian consolidated trading value. Ucore's second-place ranking was supported by a 1,109% increase in market capitalization, reflecting heightened investor recognition of the Company's progress in advancing rare earth separation and refining capacity in North America.
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1119/284886_e44468d684b57958_001full.jpg
OTCQX Best 50
The OTCQX recently announced that Ucore ranked number 1 on its list of 50 top performing companies on the OTCQX Best Market based on 2025 total return and average daily dollar volume growth. Ucore's ranking on these platforms, supported by significantly increased trading activity and market capitalization growth, reflects enhanced liquidity that improves access, price discovery, and flexibility for our shareholders.
# # #
About Ucore Rare Metals Inc.
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 government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q3-2025 (filed on SEDAR+ on November 25, 2025) (www.sedarplus.ca) as well as the risks described below.
Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.
Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.
CONTACTS
Mr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214.
For additional information, please contact:
Mark MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284886
Halifax, Nova Scotia–(Newsfile Corp. – February 17, 2026) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the submission of final reporting under Phase 1 of its Other Transaction Agreement ("OTA" or "Agreement") with the US Department of War (the "Project"). As outlined in the Agreement, the report was submitted to the US Army Contracting Command – Orlando and included both a Final Demonstration Report and a Final Techno-Economic Analysis ("TEA") detailing the work conducted at Ucore's RapidSX™ Commercialization and Demonstration Facility ("CDF").
The report addressed a number of items, including the following:
Project objective and scope demonstrating a better approach to Chinese utilized conventional solvent extraction ("CSX"), including continuous improvement modifications to the RapidSX™ Demonstration Plant implemented during execution;
The demonstrated results of RapidSX™ processing applying the time-proven chemistry of solvent extraction chemistry much more efficiently through the combination of reaching chemical equilibrium faster within a smaller physical equipment footprint;
Results of processing tonnes of a real-world heavy mixed rare earth oxide ("MREO") feedstock with proprietary and patent-pending computerized RapidSX™ columns versus CSX mixer/settler units;
Analysis of Project results for refining "heavy" rare earth as well as samarium and gadolinium, which are crucial to national defense, green energy, EVs, and emerging industries; and
Milestones, Key Performance Metrics, Continuous Improvement of the Technical Approach, Lessons Learned, and Benefits to the US Government and Other Stakeholders.
The primary results of the Final Report focused on comparing the Company's proprietary RapidSX™ technology platform with concurrent testing in a neighboring conventional solvent extraction pilot plant, also constructed by Ucore. CSX is the only technology currently being used at a significant commercial scale for the refining of rare earth elements. Separating individual elements, such as neodymium from praseodymium or dysprosium from terbium, requires sophisticated solvent-extraction chemical processes. As demonstrated through the work at the CDF, the modular RapidSX™ technology platform executed the solvent extraction chemistry with precision and flexibility.
Phase 1 of the Project resulted in approximately 6,000 hours of run time on the Company's RapidSX™ Demonstration Plant in a simulated commercial production environment and the production of thousands of liters of PrNd, SmEuGd, Sm, Gd, Tb, and Dy chloride products – with additional small batch amounts of oxide products. There were over 10,000 points of recovery and purity comparisons with conventional SX, clearly demonstrating RapidSX™ technology's efficacy with respect to planned commercial operational parameters and the smart deployment of capital, enabled by its inherent scalability and modularity.
Figure 1 – 3D Engineered Model of LA-SMC RapidSX™ Contactor Factory Acceptance Testing Program – DoW Phase 2
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1119/284146_3c7d07646453db2f_001full.jpg
Phase 2
Phase 2 of the Agreement, which was executed in May of 2025, is currently underway, with 5 of 20 milestones completed to date. Work under Phase 2 of the Agreement will culminate in the construction, commissioning, and demonstration of one commercial-scale RapidSX™ machine at the Company's commercial processing facility in Alexandria, Louisiana – The Louisiana Strategic Metals Complex. Subsequent RapidSX™ machines installed in series will form the first stage of 2,500 tonnes per annum of total rare earth oxide ("TREO") processing for rare earth oxide production.
"Breaking the Chinese advantages of state-backed processing capacity requires a 21st century approach with digital manufacturing savvy and a reasonable deployment of capital," said Pat Ryan, P.Eng., Chairman and CEO of Ucore Rare Metals Inc. "The completion of the Phase I Report for the DoW under our OTA and a path to commercialization with Phase 2 financial support clearly shows processing independence has become a national security priority for the US Administration worthy of sustained investment."
The Company anticipates releasing more detailed information on the Project's results and the Techno-Economic Assessment upon formal acceptance by the US Army Contracting Command – Orlando, which is expected in the coming weeks.
# # #
About Ucore Rare Metals Inc.
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 government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q3-2025 (filed on SEDAR+ on November 25, 2025) (www.sedarplus.ca) as well as the risks described below.
Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.
Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.
CONTACTS
Mr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214.
For additional information, please contact:
Mark MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284146
Vancouver, British Columbia–(Newsfile Corp. – February 3, 2026) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") announces, further to their news releases dated January 12 and 26, 2026, that they have closed a first tranche of the private placement. On January 30, 2026, the Company issued 12,750,000 units at $0.08 per unit for gross proceeds of $1,020,000. Each unit consists of one common share and one-half of one common share purchase warrant at $0.12, expiring on January 30, 2028. All securities issued have a four-month plus one day hold period.
Finder's fees were paid to Red Cloud Securities Inc. ($1,400 cash and 17,500 finder's warrants, EDE Asset Management Inc. ($32,480 cash and 406,000 finder's warrants) and IBK Capital Corp. ($3,360 cash and 42,000 finder's warrants).
The Company expects to close the final, fully subscribed, tranche within the next week or so.
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
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Vancouver, British Columbia–(Newsfile Corp. – January 26, 2026) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth"), announces that further to its news release dated January 12, 2026, due to strong investor demand, has increased the size of its previously announced private placement from up to 12,500,000 million units of the Company to up to 18,750,000 units in the capital of the Company (the "Units") at a subscription price of $0.08 per Unit for gross proceeds of up to $1,500,000. All terms and conditions remain the same as provided in the January 12, 2026 release.
The Company further confirms that there is no undisclosed material information.
Hendrik van Alphen, CEO of Wealth Minerals, stated "The response to our placement announcement has been extremely positive, no doubt due to our recent CEOL news and the favorable lithium market backdrop. After a prolonged lull in the lithium market, the demand for lithium is surging as the world realizes anew that commodities cannot be printed, they must be created in reality. Lithium Carbonate Equivalent now trades above US$23,000 per tonne, up strongly for the past six months and I believe this price strength will continue for some time. The Wealth team is working hard on corporate development and I look forward to sharing with the investor public news of our progress in 2026."
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:
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
REE Automotive Ltd.
Extension Allows Additional Time to Meet Minimum Bid Price Requirement
Company Remains Focused on Compliance Strategy and Execution
TEL AVIV, Israel, Dec. 30, 2025 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE), an automotive technology company that develops software-defined vehicle (SDV) technology solutions, today announced that the Nasdaq Stock Market LLC (Nasdaq) has granted the Company’s request for a 180-day extension to meet the $1 minimum bid price requirement.
On July 1, 2025, Nasdaq notified the Company that the closing bid price of its Class A ordinary shares had been below $1.00 for 30 consecutive business days, triggering a deficiency under the Minimum Bid Price Requirement. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), REE was provided an initial 180-day period through December 29, 2025 to regain compliance.
Following REE’s requested extension, on December 30, 2025 Nasdaq determined that REE meets all other applicable continued listing criteria and granted REE an additional 180-day extension through June 29, 2026 to cure the deficiency. During this second compliance period, REE’s Class A ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol “REE,” and the extension has no immediate effect on the listing or trading of the Company’s securities.
To regain compliance, the Company’s ordinary shares must achieve a closing bid price of at least $1.00 per share for at least a minimum of 10 consecutive business days during the additional compliance period, in accordance with Nasdaq Listing Rule 5810(c)(3)(H), after which Nasdaq will provide written confirmation of compliance. The Company intends to monitor the closing bid price of its shares and evaluate all available options to regain compliance within the allotted timeframe, including effecting a reverse stock split, if necessary.
“We remain focused on executing our strategy and are committed to taking the steps necessary to regain compliance with Nasdaq’s listing requirements,” said Daniel Barel, Co-founder and CEO of REE. “We appreciate Nasdaq’s consideration and the additional time provided as we continue to advance our technology and engage with partners and customers.”
About REE AutomotiveREE Automotive (Nasdaq: REE) is an automotive technology company that develops and produces software-defined vehicle (SDV) technology designed to manage vehicle operations and features through proprietary software. REE’s advanced Zonal SDV Architecture is designed to integrate seamlessly with legacy systems to improve vehicle safety, performance, and reliability. By centralizing key vehicle functions, the architecture seeks to enhance modularity, redundancy, and stability, and to enable safer and more efficient vehicle platforms. Powered by secured AI and deep over-the-air upgradability, REE’s technology allows for continuous updates and improvements throughout a vehicle’s lifespan. This makes Powered by REE® vehicles adaptable to customer and market changes and designed with future autonomy and connectivity in mind. REE was the first company to FMVSS certify a full by-wire vehicle in the U.S. Its proprietary by-wire technology for drive, steer, and brake control removes the need for mechanical linkages, supporting flexible design and optimized performance. Through its approach of “complete not compete,” REE enables original equipment manufacturers and technology companies to license its SDV technology, allowing them to design and build vehicles tailored to their specific requirements using REE’s scalable, future-ready platform. To learn more visit www.ree.auto.
Media ContactKeren Shemesh Chief Marketing Officer for REE AutomotiveMedia@ree.auto
Investor ContactHai AvivChief Finance Officer for REE Automotiveinvestors@ree.auto
Caution About Forward-Looking StatementsThis press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include, among others, statements regarding the Company’s ability to regain compliance with minimum bid price requirement by June 29, 2026, any additional time to regain compliance thereafter, including through a reverse stock split, and any appeal of any Nasdaq determination to delist REE’s Class A ordinary shares. Actual results of matters addressed in these forward-looking statements involve risks and uncertainties and may differ substantially from those expressed or implied. Factors that could cause actual results to differ are discussed in the sections entitled “Cautionary Note Regarding Forward-Looking Statements”, “Risk Factors”, and “Operating and Financial Review and Prospects” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 15, 2025, as updated by the REE’s subsequent filings with the SEC. In addition, the memorandum of understanding is non-binding and contains different project phases, which may not occur and/or result in successful completion. The forward-looking statements in this press release speak only as of the date of this press release, and we undertake no obligation to update any forward-looking statements.
REE Automotive Ltd.
TEL AVIV, Israel, Dec. 30, 2025 (GLOBE NEWSWIRE) — REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company that develops software-defined vehicle (SDV) technology and provides full by-wire platforms, today announced financial results for the six months ended June 30, 2025.
“Over the past several months, we’ve taken decisive actions intended to accelerate delivery of our software-defined vehicle technologies, improve our cost structure, and strengthen execution. This includes shifting from capital-intensive vehicle production to a technology-first approach focused on collaborating with original equipment manufacturers (OEMs) and strategic partners with the goal of bringing our technology to the market faster and to drive broad adoption across multiple vehicle platforms,” said Daniel Barel, Co-Founder and Chief Executive Officer of REE. “During this period, we implemented meaningful changes to optimize our cost structure while deepening existing strategic partnerships and pursuing new opportunities with companies that benefit from our SDV technology.”
“We met our goal and converted the previously announced MOU with a leading technology company into a binding agreement. This program will be focused on developing a software-defined autonomous public transport shuttle based on REE’s Zonal Architecture SDV technology and utilizes our REEcorner™. During the development program, REE will design and manufacture several prototypes, and any procurement of the REEcorner™ for serial production will be subject to a separate serial supply agreement. The implementation of the binding agreement is pending the satisfaction of certain closing conditions by the leading technology company, which are outside of REE’s control. If the closing conditions are satisfied, the program is expected to commence and is estimated to generate up to approximately $107 million over a two-year period following commencement.”
“In November 2025, we also announced an MOU with Mitsubishi Fuso Truck and Bus Corporation (Mitsubishi Fuso) to explore and evaluate the application of our SDV capabilities, including our Zonal Architecture SDV and x-by-wire technologies, in a commercial-vehicle context. The joint project under the MOU is already underway and as part of this collaboration, the companies plan to assess the integration of REE’s technology on a Mitsubishi Fuso platform and evaluate the potential for broader future use, subject to the outcomes of the evaluation and any subsequent agreements. We believe there is significant potential with Mitsubishi Fuso to expand our SDV offering to the market post-2030, subject to completing a successful evaluation of our technology and entering into a separate nomination agreement.
“Additionally, we have recently signed an MOU with Cascadia Motion (a wholly-owned subsidiary of BorgWarner Inc.) to co-develop and commercialize a next generation electric drive unit (EDU) built on REEcorner™ technology. This compact, cross-platform combines BorgWarner’s Cascadia expertise with REE’s technology to provide OEMs with a scalable solution that meets growing global demand for electrification. Under a phased plan, including a royalty-bearing arrangement, Cascadia will have an exclusive option to distribute the EDU, and with the market estimated by industry research estimates to double by 2035, we believe this partnership may position REE to capture significant growth.
“Operationally, we made significant progress on delivering on our commitment to reduce our operating expenses1 from a monthly average of approximately $6 million in the first half of 2025 to an estimated monthly average of $3.1 to $3.3 million in the fourth quarter of 2025. We are currently targeting to reduce it further to approximately $1.8 million per month by the end of the first quarter of 2026, subject to the execution of our cost reduction plan, which includes a reduction-in-force, other operational efficiencies and other factors, representing a 70% reduction compared to the first half of 2025. We believe that this disciplined approach underscores our commitment to delivering our long-term objectives and creating value for our shareholders,” said Daniel Barel.
Six Months Financial Results as of June 30, 2025, and Recent Highlights
$54.7 million in cash & cash equivalents as of June 30, 2025, compared to $72.3 million in cash & cash equivalents and short-term investments as of December 31, 2024. Each inclusive of a credit facility in the amount of $18 million. As of November 30, 2025, our cash and cash equivalents were $17.2 million, excluding the credit facility.
Free Cash Flow (FCF) burn increased by 31% from $39.9 million for the six months ended June 30, 2024 to $52.5 million for the six months ended June 30, 2025, primarily derived from production-related costs in the first quarter of 2025 that were mainly derived from tooling investments and inventory as part of the P7 program.
U.S. Generally Accepted Accounting Principles (GAAP) net loss decreased by approximately 33% from $36.0 million for the six months ended June 30, 2024 to $24.3 million for the six months ended June 30, 2025. The year-over-year (YoY) decrease in net loss was primarily driven by non-cash income from the remeasurement of warrants and derivative liabilities. This income was partially offset by non-cash inventory write-downs and impairment of long-lived assets, as well as by the recognition of a UK research and development (R&D) tax credit and grants from the UK government in the first half of 2024.
Non-GAAP net loss increased by approximately 8% from $33.7 million for the six months ended June 30, 2024 to $36.5 million for the six months ended June 30, 2025. The YoY increase was primarily driven by the recognition of a UK R&D tax credit and grants from the UK government in the first half of 2024.
A reconciliation of GAAP to non-GAAP measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”
Prepared remarks and a review of H1 financial are available at: LINK
To learn more about REE Automotive’s patented technology and unique value proposition that position the company to break new ground in e-mobility, visit www.ree.auto.
1 Monthly average for operating expenses sets forth the Company’s ongoing operating expenses while excluding one-time charges including but not limited to: non-cash expenses such as impairment, inventory write-offs and share-based compensation expenses, one-time costs related to our production pause and reduction-in-force plans, grants received and R&D tax credits and other non-recurring expenses that are not considered by the management as ongoing operating expenses.
Non-GAAP Financial Measures
We have provided financial information in this press release that has not been prepared in accordance with GAAP. These non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similar measures presented by other companies. We use these non-GAAP financial measures internally in analyzing our financial results and believe they are useful to investors, as a supplement to GAAP measures, in evaluating our ongoing operational performance. We believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing our financial results with peer companies, many of which present similar non-GAAP financial measures to investors.
Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures provided in the financial statement tables below.
We believe that Free Cash Flow (FCF) tis a liquidity measure that provides useful information to management and investors about the amount of cash used in our operational activities and capital expenditures. Free Cash flow burn represents the negative cash outflow used in our activities as explained above.
We believe that non-GAAP net loss reflects an additional means of evaluating REE’s ongoing operating results and trends. We believe that this non-GAAP measure provides useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.
About REE Automotive
REE Automotive (Nasdaq: REE) is an automotive technology company that develops and produces software-defined vehicle (SDV) technology designed to manage vehicle operations and features through proprietary software. REE’s advanced Zonal SDV Architecture is designed to integrate seamlessly with legacy systems to improve vehicle safety, performance, and reliability. By centralizing key vehicle functions, the architecture seeks to enhance modularity, redundancy, and stability, and to enable safer and more efficient vehicle platforms. Powered by secured AI and deep over-the-air upgradability, REE’s technology allows for continuous updates and improvements throughout a vehicle’s lifespan. This makes Powered by REE® vehicles adaptable to customer and market changes and designed with future autonomy and connectivity in mind. REE was the first company to FMVSS certify a full by-wire vehicle in the U.S. Its proprietary by-wire technology for drive, steer, and brake control removes the need for mechanical linkages, supporting flexible design and optimized performance. Through its approach of “complete not compete,” REE enables original equipment manufacturers and technology companies to license its SDV technology, allowing them to design and build vehicles tailored to their specific requirements using REE’s scalable, future-ready platform. www.REE.auto
Caution About Forward-Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include, among others, statements regarding REE’s strategic shift to a technology-first business model; the anticipated timing, scope, benefits, and value of collaborations, commercial arrangements, and development programs; the potential to generate up to $107 million in revenue under a binding agreement that replaced a previously announced MOU; the potential for the closing conditions of the binding agreement with a leading technology company to be met and such agreement to be implemented; anticipated future agreements; market opportunities, including the EDU market doubling by 2035; targeted cash burn reductions and liquidity; the belief that REE’s disciplined approach underscores its commitment to delivering its long-term objectives and creating value for its shareholders; and projected capital needs. Although REE has entered into a binding agreement that contemplates up to $107 million in potential revenue, REE cannot predict whether or when the related project will commence. Project commencement depends solely on the satisfaction of specified closing conditions by the counterparty, which are outside REE’s control. If those conditions are not met, or are met later than expected, the project may be delayed or may not proceed, and anticipated revenue may never be realized. Actual results of matters addressed in these forward-looking statements involve risks and uncertainties and may differ substantially from those expressed or implied. Factors that could cause actual results to differ are discussed in the sections entitled “Cautionary Note Regarding Forward-Looking Statements”, “Risk Factors”, and “Operating and Financial Review and Prospects” in REE’s annual report filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 15, 2025, as updated by the REE’s subsequent filings with the SEC, including in the section titled “Risk Factors” in Exhibit 99.3 to Form 6-K that we furnished to the SEC on December 30, 2025. In addition, each of our memorandums of understanding contain aspects that are non-binding and different phases, which may not occur and/or result in successful completion. Market and industry forecasts are inherently uncertain and actual market growth may differ materially from such estimates. Our ability to execute our strategic plan depends on our ability to maintain sufficient liquidity, access capital if needed, and manage cash expenditures. Even where we enter into binding agreements or MOUs, counterparties may delay or fail to perform, may not proceed to commercialization, may not exercise options or enter into serial production or nomination agreements, and we may not realize anticipated revenue, royalties, or other benefits. The forward-looking statements in this press release speak only as of the date of this press release, and we undertake no obligation to update any forward-looking statements.
|
REE AUTOMOTIVE LTD.Condensed Consolidated Statements of Comprehensive LossU.S. dollars in thousands (except share and per share data) (Unaudited) |
||||||
|
|
Six Months Ended |
|||||
|
|
|
June30, |
|
|
June30, |
|
|
|
|
2025 |
|
|
2024 |
|
|
Revenues |
$ |
184 |
|
$ |
160 |
|
|
Cost of revenues |
|
14,504 |
|
|
1,455 |
|
|
Gross loss |
$ |
(14,320 |
) |
$ |
(1,295 |
) |
|
Operating expenses: |
|
|
||||
|
Research and development expenses, net |
|
30,040 |
|
|
23,421 |
|
|
Selling, general and administrative expenses |
|
11,525 |
|
|
14,101 |
|
|
Other expenses |
|
20,080 |
|
|
— |
|
|
Total operating expenses |
|
61,645 |
|
|
37,522 |
|
|
Operating loss |
$ |
(75,965 |
) |
$ |
(38,817 |
) |
|
Income from warrants remeasurement |
|
38,539 |
|
|
1,880 |
|
|
Financial income, net |
|
11,289 |
|
|
2,261 |
|
|
Net loss before income tax |
|
(26,137 |
) |
|
(34,676 |
) |
|
Taxes on income (tax benefit) |
|
(1,823 |
) |
|
1,294 |
|
|
Net loss |
$ |
(24,314 |
) |
$ |
(35,970 |
) |
|
Net comprehensive loss |
$ |
(24,314 |
) |
$ |
(35,970 |
) |
|
Basic and diluted net loss per Class A ordinary share |
$ |
(0.81 |
) |
$ |
(3.01 |
) |
|
Weighted average number of ordinary shares used in computing basic and diluted net loss per share |
|
30,043,892 |
|
|
11,934,325 |
|
|
|
|
|
|
|
|
|
|
REE AUTOMOTIVE LTD.Condensed Consolidated Balance SheetsU.S. dollars in thousands (except share and per share data) (Unaudited) |
||||||
|
|
June30,2025 |
December31,2024 |
||||
|
ASSETS |
|
|
||||
|
CURRENT ASSETS: |
|
|
||||
|
Cash and cash equivalents |
$ |
54,668 |
|
$ |
72,262 |
|
|
Accounts receivable |
|
53 |
|
|
11 |
|
|
Inventory |
|
— |
|
|
3,075 |
|
|
Other accounts receivable and prepaid expenses |
|
6,404 |
|
|
7,158 |
|
|
Total current assets |
|
61,125 |
|
|
82,506 |
|
|
|
|
|
||||
|
NON-CURRENT ASSETS: |
|
|
||||
|
Non-current restricted cash |
|
1,998 |
|
|
2,510 |
|
|
Other accounts receivable and prepaid expenses |
|
2,421 |
|
|
3,091 |
|
|
Operating lease right-of-use assets |
|
16,863 |
|
|
20,063 |
|
|
Property and equipment, net |
|
7,135 |
|
|
22,110 |
|
|
Total non-current assets |
|
28,417 |
|
|
47,774 |
|
|
TOTAL ASSETS |
$ |
89,542 |
|
$ |
130,280 |
|
|
|
|
|
||||
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
|
||||
|
CURRENT LIABILITIES: |
|
|
||||
|
Short term loan |
$ |
18,004 |
|
$ |
18,008 |
|
|
Trade payables |
|
2,429 |
|
|
5,602 |
|
|
Other accounts payable and accrued expenses |
|
10,538 |
|
|
7,966 |
|
|
Operating lease liabilities |
|
4,184 |
|
|
4,607 |
|
|
Total current liabilities |
|
35,155 |
|
|
36,183 |
|
|
|
|
|
||||
|
NON-CURRENT LIABILITIES: |
|
|
||||
|
Warrants liability |
|
2,611 |
|
|
41,150 |
|
|
Convertible promissory notes |
|
3,841 |
|
|
14,758 |
|
|
Deferred tax liability |
|
— |
|
|
1,782 |
|
|
Operating lease liabilities |
|
11,986 |
|
|
13,279 |
|
|
Total non-current liabilities |
|
18,438 |
|
|
70,969 |
|
|
TOTAL LIABILITIES |
|
53,593 |
|
|
107,152 |
|
|
|
|
|
||||
|
SHAREHOLDERS’ EQUITY: |
|
|
||||
|
Ordinary shares of no par value |
|
— |
|
|
— |
|
|
Additional paid-in capital |
|
1,008,153 |
|
|
971,018 |
|
|
Accumulated deficit |
|
(972,204 |
) |
|
(947,890 |
) |
|
Total shareholders’ equity |
|
35,949 |
|
|
23,128 |
|
|
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |
$ |
89,542 |
|
$ |
130,280 |
|
|
|
|
|
|
|
|
|
|
REE AUTOMOTIVE LTD.Condensed Consolidated Statements of Cash FlowsU.S. dollars in thousands (Unaudited) |
||||||
|
|
Six Months Ended |
|||||
|
|
June 30,2025 |
June 30,2024 |
||||
|
Cash flows from operating activities: |
|
|
||||
|
|
|
|
||||
|
Net loss |
$ |
(24,314 |
) |
$ |
(35,970 |
) |
|
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
||||
|
Depreciation |
|
2,000 |
|
|
1,608 |
|
|
Share-based compensation |
|
2,773 |
|
|
5,638 |
|
|
Change in fair value of warrants liability |
|
(38,539 |
) |
|
(1,880 |
) |
|
Change in fair value of derivative liability |
|
(11,787 |
) |
|
(1,448 |
) |
|
Amortization of discount of convertible promissory note |
|
407 |
|
|
224 |
|
|
Interest expenses |
|
459 |
|
|
433 |
|
|
Impairment of long-lived assets |
|
20,080 |
|
|
— |
|
|
Decrease in accrued interest on short-term investments |
|
— |
|
|
168 |
|
|
Decrease (increase) in inventory |
|
3,075 |
|
|
(1,585 |
) |
|
Decrease (increase) in accounts receivable |
|
(42 |
) |
|
455 |
|
|
Increase in other accounts receivable and prepaid expenses |
|
(479 |
) |
|
(4,829 |
) |
|
Change in operating lease right-of-use assets and liabilities, net |
|
1,156 |
|
|
449 |
|
|
Increase (decrease) in trade payables |
|
(3,432 |
) |
|
506 |
|
|
Increase (decrease) in other accounts payable and accrued expenses |
|
2,572 |
|
|
(2,237 |
) |
|
Increase (decrease) in deferred tax liability |
|
(1,782 |
) |
|
436 |
|
|
Net cash used in operating activities |
|
(47,853 |
) |
|
(38,032 |
) |
|
|
|
|
||||
|
Cash flows from investing activities: |
|
|
||||
|
|
|
|
||||
|
Purchase of property and equipment |
|
(4,615 |
) |
|
(1,916 |
) |
|
Proceeds from short-term investments |
|
— |
|
|
20,000 |
|
|
Net cash provided by (used in) investing activities |
|
(4,615 |
) |
|
18,084 |
|
|
|
|
|
||||
|
Cash flows from financing activities: |
|
|
||||
|
|
|
|
||||
|
Proceeds from issuance of Ordinary shares, net |
|
34,361 |
|
|
14,463 |
|
|
Proceeds from exercise of options and warrants |
|
1 |
|
|
— |
|
|
Repayment of short term loan |
|
(18,000 |
) |
|
(15,000 |
) |
|
Proceeds from short term loan |
|
18,000 |
|
|
15,000 |
|
|
Net cash provided by financing activities |
|
34,362 |
|
|
14,463 |
|
|
|
|
|
||||
|
Decrease in cash, cash equivalents and restricted cash |
|
(18,106 |
) |
|
(5,485 |
) |
|
Cash, cash equivalents and restricted cash at beginning of year |
|
74,772 |
|
|
44,240 |
|
|
Cash, cash equivalents and restricted cash at end of period |
$ |
56,666 |
|
$ |
38,755 |
|
|
|
|
|
|
|
|
|
|
Reconciliation of GAAP Financial Metrics to Non-GAAPU.S. dollars in thousands (except share and per share data) (Unaudited)Reconciliation of Net Loss to Adjusted EBITDA |
||||||
|
|
Six Months Ended |
|||||
|
|
Jun 30,2025 |
Jun 30,2024 |
||||
|
Net loss on a GAAP Basis |
$ |
(24,314 |
) |
$ |
(35,970 |
) |
|
Financial income, net |
|
(11,289 |
) |
|
(2,261 |
) |
|
Taxes on income (tax benefit) |
|
(1,823 |
) |
|
1,294 |
|
|
Income from warrants remeasurement |
|
(38,539 |
) |
|
(1,880 |
) |
|
Depreciation, amortization and accretion |
|
4,211 |
|
|
3,273 |
|
|
Share-based compensation |
|
2,773 |
|
|
5,638 |
|
|
Inventory write-downs and non-recurring expenses related to pause in production (1) |
|
13,390 |
|
|
— |
|
|
Impairment of long-lived assets (2) |
|
20,080 |
|
|
— |
|
|
Non-recurring expenses related to reduction-in-force (3) |
|
1,886 |
|
|
— |
|
|
Adjusted EBITDA |
$ |
(33,625 |
) |
$ |
(29,906 |
) |
|
|
|
|
|
|
|
|
(1) Includes inventory write-downs to net realizable value and write-offs of inventory that currently has no operational use and one-time costs related to the pause in production.(2) Impairment charges of long-lived assets.(3) Includes one-time expenses related to reduction-in-force plan.
|
Reconciliation of net cash used in operating activities to Free Cash Flow |
||||||
|
|
Six Months Ended |
|||||
|
|
Jun 30,2025 |
Jun 30,2024 |
||||
|
Net cash used in operating activities |
$ |
(47,853 |
) |
$ |
(38,032 |
) |
|
Purchase of property and equipment |
|
(4,615 |
) |
|
(1,916 |
) |
|
Free Cash Flow |
$ |
(52,468 |
) |
$ |
(39,948 |
) |
|
|
|
|
|
|
|
|
|
Reconciliation of GAAP operating expenses to Non-GAAP operating expenses; GAAP net loss to Non-GAAP net loss, and presentation of Non-GAAP net loss per Share, basic and diluted: |
||||||
|
|
Six Months Ended |
|||||
|
|
Jun 30,2025 |
Jun 30,2024 |
||||
|
GAAP operating expenses |
$ |
61,645 |
|
$ |
37,522 |
|
|
Share-based compensation |
|
(2,773 |
) |
|
(5,638 |
) |
|
Impairment of long-lived assets (2) |
|
(20,080 |
) |
|
— |
|
|
Non-recurring expenses related to reduction-in-force (3) |
|
(1,886 |
) |
|
— |
|
|
Non-GAAP operating expenses |
$ |
36,906 |
|
$ |
31,884 |
|
|
|
|
|
||||
|
GAAP net loss |
$ |
(24,314 |
) |
$ |
(35,970 |
) |
|
Income from warrants remeasurement |
|
(38,539 |
) |
|
(1,880 |
) |
|
Income from derivatives remeasurement |
|
(11,787 |
) |
|
(1,448 |
) |
|
Share-based compensation |
|
2,773 |
|
|
5,638 |
|
|
Inventory write-downs and non-recurring expenses related to pause in production (1) |
|
13,390 |
|
|
— |
|
|
Impairment of long-lived assets (2) |
|
20,080 |
|
|
— |
|
|
Non-recurring expenses related to reduction-in-force (3) |
|
1,886 |
|
|
— |
|
|
Non-GAAP net loss |
$ |
(36,511 |
) |
$ |
(33,660 |
) |
|
|
|
|
||||
|
Weighted average number of ordinary shares used in computing basic and diluted net loss per share |
|
30,043,892 |
|
|
11,934,325 |
|
|
Non-GAAP basic and diluted net loss per share |
$ |
(1.22 |
) |
$ |
(2.82 |
) |
|
|
|
|
|
|
|
|
(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.
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:
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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
For updates, follow us on Twitter
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
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.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.
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 |
|
|
ACG Metals Limited |
|
|
Talga Group Ltd. |
|
|
CoTec Holdings Corp. |
|
|
Neo Performance Materials Inc. |
|
|
First Phosphate Cop. |
|
|
Giga Metals Corp. |
|
|
Terra Balcanica Resources Corp |
|
|
District Metals Corp. |
|
|
Graphite One Inc. |
|
|
Lion Copper & Gold Corp. |
|
|
Ucore Rare Metals, Inc. |
|
|
Intrepid Metals Corp |
|
|
Resolution Minerals Ltd. |
|
|
Graphene Manufacturing Group Ltd. |
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
If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.
Tweet with hash tag #miningfeeds or @miningfeeds and your tweets will be displayed across this site.
CMC Metals Ltd. |
CMB.V | +900.00% |
Eden Energy Ltd |
EDE.AX | +200.00% |
GoviEx Uranium Inc. |
GXU.V | +42.86% |
Eagle Nickel Ltd. |
ENL.AX | +41.67% |
Citigold Corp. Limited |
CTO.AX | +33.33% |
Mount Burgess Mining NL |
MTB.AX | +33.33% |
Exalt Resources Limited |
ERD.AX | +31.94% |
Casa Minerals Inc. |
CASA.V | +30.00% |
Cariboo Rose Resources Ltd |
CRB.V | +28.57% |
Belmont Resources Inc. |
BEA.V | +28.57% |
© 2026 MiningFeeds.com. All rights reserved.
(This site is formed from a merger of Mining Nerds and Highgrade Review.)
