Ucore Closes Private Placement Financing: A Boost for Rare Earth Metals Production

Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) has successfully closed a non-brokered private placement financing, raising CAD$1,173,480 through the issuance of 1,955,800 units at a price of CAD$0.60 per unit. Each unit consists of one common share and one Common Share purchase warrant, with each warrant entitling the holder to purchase one Common Share for a period of 36 months following the closing date at an exercise price of CAD$0.75.

The proceeds from this financing will be used for general corporate working capital purposes, which is crucial for Ucore's overall financial stability and growth prospects. By maintaining adequate working capital, Ucore can ensure the smooth operation of its day-to-day activities, fund its ongoing projects, maintain financial flexibility, service its debt obligations, and explore growth opportunities.

Ucore's strategic plans for its Louisiana SMC and Bokan project will also benefit from this financing. Securing feedstock and customer agreements, advancing engineering plans, and managing financial obligations are all essential steps in realizing the potential value of these facilities. The funds raised will contribute to these efforts, helping Ucore move closer to its goal of disrupting China's control of the North American REE supply chain.



In the short term, the private placement financing may have a limited dilution effect on Ucore's share price due to the issuance of new shares and warrants. However, the increased liquidity and funds for working capital may positively impact the share price in the long term. Ucore's strategic partnerships, growth, and technological advancements may also lead to increased demand for the Company's shares and a higher share price and market capitalization.

In conclusion, Ucore's successful private placement financing is a significant step forward in the Company's mission to become a leading advanced technology company in the rare- and critical-metal resources, extraction, beneficiation, and separation technologies sectors. With the proceeds from this financing, Ucore is well-positioned to execute its strategic plans, maintain its financial stability, and capitalize on the growing demand for rare earth metals.