Ucore Secures $2M Investment from Hondo Private Equity LLC: A Boost for Rare Earth Processing

Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) has received a significant investment of $2 million from Hondo Private Equity LLC, a move that aligns with the company's strategic goals and plans for growth. This investment, which comes from a well-established alternative investment manager, Hondius Capital Management, LP, controlled by Shawn Matthews, is a vote of confidence in Ucore's technology and its potential for expansion.

The investment from Hondo Private Equity LLC is expected to fund several key projects and initiatives at Ucore Rare Metals Inc., including the Louisiana Strategic Metals Complex (SMC) technology deployment process, the RapidSX™ rare earth element separation technology platform, and the Bokan-Dotson Ridge Rare Heavy REE Project. These projects are expected to contribute to Ucore's long-term success by strengthening its position in the rare earths market, diversifying its supply chain, and generating additional revenue streams.

The Louisiana SMC technology deployment process involves the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana. This project is expected to contribute to Ucore's long-term success by disrupting China's control over the North American rare earth supply chain, providing a stable and secure source of critical materials for strategic industries such as national defense, robotics, AI, and clean technologies, and allowing Ucore to compete with established Chinese producers by employing cutting-edge digital manufacturing and continuous process capabilities.

The RapidSX™ rare earth element separation technology platform is being developed and commercialized at Ucore's Commercial Development Facility in Kingston, Ontario. This project is expected to contribute to Ucore's long-term success by enabling the separation and refining of heavy and light rare earth oxides, which are essential components in various modern technologies. The investment from Hondo Private Equity LLC will help fund the ongoing development and commercialization of this technology, allowing Ucore to qualify critical magnet materials (Pr, Nd, and NdPr) with automotive, wind energy, and consumer original equipment manufacturers (OEMs).

The Bokan-Dotson Ridge Rare Heavy REE Project is a longer-term development project for Ucore, involving the 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska. This project is expected to contribute to Ucore's long-term success by providing a strategic source of heavy rare earth elements (HREEs) for the company's processing facilities and the broader market, diversifying Ucore's supply chain, and potentially generating additional revenue streams through the production of co-product metals.



In conclusion, the investment from Hondo Private Equity LLC is a significant boost for Ucore Rare Metals Inc., providing the company with additional working capital to fund its operations and growth initiatives. This investment aligns with Ucore's strategic goals and plans for growth, and is expected to contribute to the company's long-term success by strengthening its position in the rare earths market, diversifying its supply chain, and generating additional revenue streams. The investment from Hondo Private Equity LLC is a vote of confidence in Ucore's technology and its potential for expansion, and may open doors to future funding rounds or partnerships as potential investors and partners are more inclined to support a company with a strong financial foundation and a promising outlook.