# Ucore Rare Metals financing for Louisiana project

> Live situation record from CLSTR: https://clstr.news/situations/ucore-rare-metals-financing-for-louisiana-project
> Updated: 2026-08-13T22:48:32.000Z. Sources: 4. Developments: 2.

Ucore Rare Metals Inc. announced a C$60 million bought-deal public offering of 21,430,000 common shares. The proceeds are intended to fund the development of the Louisiana Strategic Metals Complex, as well as for working capital and general corporate purposes.

## Timeline

### 2026-08-13: Ucore Rare Metals and Stallion Uranium advance resource projects

Ucore Rare Metals secured C$69 million to develop a rare earth metals complex in Louisiana, while Stallion Uranium expanded its drilling program in Saskatchewan following high radioactivity readings.

2 sources. https://clstr.news/cluster/ucore-rare-metals-and-stallion-uranium-advance-resource-projects

### 2026-08-05: Ucore Rare Metals Secures C$60 Million in Bought‑Deal Offering

Ucore Rare Metals announced a C$60 million bought‑deal offering of 21.43 million shares at C$2.80 each, to fund its Louisiana strategic metals complex, closing around Aug 13 2026.

3 sources. https://clstr.news/cluster/ucore-rare-metals-secures-c60-million-in-boughtdeal-offering

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Cite as: Ucore Rare Metals financing for Louisiana project. CLSTR, https://clstr.news/situations/ucore-rare-metals-financing-for-louisiana-project