Ucore Rare Metals Secures C$60 Million in Bought‑Deal Offering

Ucore Rare Metals Inc. announced a bought‑deal public offering of 21,430,000 common shares at C$2.80 per share, generating gross proceeds of C$60,004,000. The underwriting syndicate is led by Red Cloud Securities Inc. as sole bookrunner and B. Riley Securities, Inc. as co‑lead underwriter, and includes a cornerstone order from a global institutional investor. An over‑allotment option allows the underwriters to purchase up to an additional 15% of the shares within 30 days of closing for market stabilization.

The net proceeds will be used to fund the development of the Louisiana Strategic Metals Complex and for working capital and general corporate purposes. The offering is expected to close on or about August 13, 2026, subject to customary closing conditions and approval by the TSX Venture Exchange. Shares will be offered in all Canadian provinces except Quebec and in other jurisdictions on a private‑placement basis.