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Posted On: 06/05/2025 3:29:07 PM
Post# of 278
NetworkNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Closes Oversubscribed Private Placement for Strategic Metals Complex Development
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) has closed an oversubscribed brokered private placement of units priced at $1.20 each, with Red Cloud Securities Inc. acting as lead agent and Raymond James Ltd. as co-agent. Each unit comprises one common share and one-half of a warrant exercisable at $1.75 for 36 months. Net proceeds will fund key initiatives for Ucore’s planned Strategic Metals Complex in Louisiana, including feedstock and offtake agreements, U.S. Department of Defense and Natural Resources Canada commitments, commercial testing, and engineering progress. The agents’ option could increase total gross proceeds to $11.5 million, pending final TSX Venture Exchange approval.
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 (TSX.V: UCU) (OTCQX: UURAF) has closed an oversubscribed brokered private placement of units priced at $1.20 each, with Red Cloud Securities Inc. acting as lead agent and Raymond James Ltd. as co-agent. Each unit comprises one common share and one-half of a warrant exercisable at $1.75 for 36 months. Net proceeds will fund key initiatives for Ucore’s planned Strategic Metals Complex in Louisiana, including feedstock and offtake agreements, U.S. Department of Defense and Natural Resources Canada commitments, commercial testing, and engineering progress. The agents’ option could increase total gross proceeds to $11.5 million, pending final TSX Venture Exchange approval.
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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