Ucore Rare Metals Inc
Ucore Rare Metals Inc is a mining company ticker symbol is UCU and trades on the TSXV stock exchange.
Price chart (TSXV:UCU)
Ucore Rare Metals Inc. (TSXV: UCU; OTCQX: UURAF)
is a critical minerals company focused on establishing a North American rare earth element (REE) supply chain through advanced processing technologies and strategic projects. Led by Chairman and CEO Patrick Ryan, P.Eng., alongside CFO Peter Manuel and COO Mike Schrider, P.E., the company is developing its flagship Strategic Metals Complex (SMC) in Louisiana—an 80,800-square-foot facility designed for commercial-scale REE separation using its proprietary RapidSX™ technology. Ucore has secured significant U.S. government support, including an $18.4 million Department of Defense (DoD) award, bringing total non-repayable DoD funding to $22.4 million to accelerate production, with initial operations targeted for late 2026.
Financially, Ucore is funding its growth through a mix of government grants, private placements, and strategic partnerships. The company recently announced a brokered private placement of up to $10 million (expandable to $11.5 million) to support feedstock procurement, engineering, and working capital needs. While the company operates at a loss, it has mitigated cash burn through non-dilutive funding, including Canadian federal and provincial grants, as well as anticipated Louisiana state incentives worth up to $15 million.
In the near term, Ucore is focused on finalizing engineering, permitting, and demonstration testing for the Louisiana SMC while advancing its long-term Bokan-Dotson Ridge heavy REE project in Alaska. The company is also enhancing investor outreach to strengthen market visibility. Ucore’s strategy aims to reduce reliance on Chinese-dominated REE supply chains by building a fully integrated North American critical minerals processing infrastructure.
Projects
| Project | Commodity | Location |
|---|---|---|
| Alexandria, Louisiana | Molybdenum | 31.39542831083769, -92.47962549430106 |
| Bokan, Alaska | Molybdenum | 54.92274711735509, -132.15778713368599 |
Latest news
Ucore Produces 99.9% Dysprosium Oxide Sample Material for Japanese, South Korean, and US Customer Qualifications — Newsfile 7 days ago
https://stockhouse.com/news/press-releases/2026/06/22/ucore-produces-ndpr-oxide-and-ships-qualification-samples-to-major-rare-earth
https://stockhouse.com/news/press-releases/2026/06/18/ucore-rare-metals-welcomes-canada-s-g7-critical-minerals-leadership-and
https://stockhouse.com/news/press-releases/2026/06/15/ucore-rare-metals-and-sumitomo-corporation-of-americas-announce-strategic
https://stockhouse.com/news/press-releases/2026/06/04/canadian-investment-regulatory-organization-trade-resumption-ucu
https://stockhouse.com/news/press-releases/2026/06/04/canadian-investment-regulatory-organization-trading-halt-ucu
https://stockhouse.com/news/press-releases/2026/06/01/ucore-advances-nrcan-cmrdd-program-and-hosts-ottawa-dignitaries
https://stockhouse.com/news/press-releases/2026/05/28/ucore-engineering-report-drives-optimized-commercial-deployment-plan-for
https://stockhouse.com/news/press-releases/2026/04/27/ucore-rare-metals-grants-incentive-stock-options
https://stockhouse.com/news/press-releases/2026/04/16/ucore-receives-a-crucial-dpas-rated-long-lead-equipment-component-at-the
https://stockhouse.com/news/press-releases/2026/04/14/ucore-updates-mineral-resource-estimate-and-technical-report-for-bokan-dotson
https://stockhouse.com/news/press-releases/2026/04/07/dow-accepts-ucore-s-phase-1-final-report-and-rapidsx-tm-techno-economic
https://stockhouse.com/news/press-releases/2026/03/31/ucore-congratulates-hastings-on-its-acquisition-of-a-mixed-rare-earth-chloride
https://stockhouse.com/news/press-releases/2026/03/24/ucore-and-vulcan-elements-join-forces-to-build-domestic-rare-earth-magnet-supply
https://stockhouse.com/news/press-releases/2026/03/06/ucore-accelerates-commercial-planning-for-samarium-and-gadolinium-oxides-as
https://stockhouse.com/news/press-releases/2026/02/23/recent-rare-earth-price-increases-continue-to-enhance-ucore-s-refining-strategy
https://stockhouse.com/news/press-releases/2026/02/17/ucore-continues-to-advance-rare-earth-processing-supported-by-u-s-dow-with-final
https://stockhouse.com/news/press-releases/2026/01/15/ucore-rare-metals-applauds-trump-administration-s-actions-to-strengthen-critical
https://stockhouse.com/news/press-releases/2025/12/11/ucore-readies-for-louisiana-2026-heavy-rare-earth-element-processing
https://stockhouse.com/news/press-releases/2025/11/03/ucore-announces-strategic-alliance-with-vacuumschmelze-and-evac-magnetics-llc