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Posted On: 06/04/2025 6:46:01 PM
Post# of 278
NetworkNewsBreaks – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) Announces $10 Million Private Placement to Advance Louisiana SMC Project
Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) has entered into an engagement with Red Cloud Securities Inc. for a “best efforts” private placement of up to $10 million in units priced at $1.20 each, with an option to raise an additional $1.5 million. Each unit includes one common share and one-half of a warrant exercisable at $1.75 for 36 months. Net proceeds will fund key initiatives related to Ucore’s planned Strategic Metals Complex in Louisiana, including securing feedstock and customer agreements, advancing engineering plans, and fulfilling obligations with the U.S. Department of Defense and Natural Resources Canada. The offering is set to close on or about June 19, 2025, pending necessary approvals.
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://nnw.fm/UURAF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) has entered into an engagement with Red Cloud Securities Inc. for a “best efforts” private placement of up to $10 million in units priced at $1.20 each, with an option to raise an additional $1.5 million. Each unit includes one common share and one-half of a warrant exercisable at $1.75 for 36 months. Net proceeds will fund key initiatives related to Ucore’s planned Strategic Metals Complex in Louisiana, including securing feedstock and customer agreements, advancing engineering plans, and fulfilling obligations with the U.S. Department of Defense and Natural Resources Canada. The offering is set to close on or about June 19, 2025, pending necessary approvals.
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://nnw.fm/UURAF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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