Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) CEO

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Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) CEO Outlines Key Milestone in Shareholder Update

Disseminated on behalf of Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) and may include paid advertising.

- In the shareholder update, Ryan detailed how 2025 served as a foundational year for advancing the company’s REE separation and processing agenda.
- Ucore’s RapidSX technology is central to the company’s strategy.
- Ucore’s update also emphasized government support and alignment with critical minerals policy frameworks.

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) delivered an upbeat holiday message to shareholders, reflecting on a year of advancing its rare earth element (“REE”) separation technology and strategic growth while reinforcing its mission to establish a resilient, Western-aligned supply chain in the critical minerals sector. The seasonal message from CEO Pat Ryan reiterated the company’s progress across technology development, government engagement and commercial positioning, underscoring milestones that build toward a future where North America can produce and refine rare earth materials once dominated by foreign sources. Ucore’s work in commercializing its RapidSX(TM) separation technology and advancing facilities in Canada and the United States shapes a narrative of measured progress and long-term strategic positioning for 2026 and beyond.

“In 2025, we focused on advancing our business plan by leveraging unprecedented government support to take a leadership position in the important business of mid-market rare earth refining and processing,” stated Ryan. “Western supply chains are currently being reshaped at a furious pace, and I am pleased to report that we have made good progress in the areas of technology, facilities, government alignment opportunities, business relationships, and capital in implementing our plans for a North American rare earth refining platform outside of China.”

In the shareholder update, Ryan detailed how 2025 served as a foundational year for advancing the company’s REE separation and processing agenda. One of the most significant achievements cited in the update was the continued operation and data gathering at Ucore’s Commercial Demonstration Facility in Kingston, Ontario, where thousands of hours of simulated commercial run-time helped validate the performance of RapidSX technology. Taking more than 5,500 hours and totaling 11,000 process samples, Ucore collected data that informs optimization for the first commercial RapidSX machine, a key step toward eventual commercial-scale operation. Results from this demonstration helped compare RapidSX favorably against conventional solvent extraction, especially in terms of throughput, projected operating expenses, and estimated capital costs.

Ucore’s RapidSX technology is central to the company’s strategy. RapidSX is a proprietary rare earth separation platform that aims to improve on traditional solvent extraction by increasing processing speed, reducing equipment footprint and lowering operational expenses. The modular design of the technology makes it adaptable to different feedstock types and scalable from demonstration to commercial operations, a quality that Ucore believes will help bridge the gap between mine output and downstream manufacturing needs. RapidSX is envisioned as a cornerstone of the company’s broader effort to create an integrated, Western-controlled REE supply chain that includes extraction, separation, and refinement of individual oxides necessary for permanent magnets and other advanced applications.

Throughout the year, Ucore reached several additional milestones. In October, the company announced that it received conditional approval from the Government of Canada for up to $36.3 million to support its Pathway to Samarium and Gadolinium Security Project, which focuses on scaling up a commercial processing facility in Kingston dedicated to refining critical heavy rare earth elements such as samarium and gadolinium. This funding, provided through Natural Resources Canada’s Global Partnerships Initiative and FedDev Ontario, is intended to address gaps in North American supply chains by producing oxides that feed into high-performance magnet production.

Earlier in the year, Ucore also signed a strategic alliance with Vacuumschmelze GmbH & Co. KG and eVAC Magnetics LLC, which aims to coordinate the supply of high-purity rare earth oxides for permanent magnet manufacturing. This memorandum of understanding is designed to align Ucore’s refining plans in Louisiana and Ontario with magnet producers in South Carolina and Europe, helping secure a steady supply of oxides for NdFeB and SmCo magnet production that serve key industrial and defense markets.

Beyond technology and commercial partnerships, Ucore’s holiday update also emphasized government support and alignment with critical minerals policy frameworks. For example, the company previously updated shareholders on progress with its U.S. Strategic Metals Complex in Alexandria, Louisiana, where it is advancing plans for heavy rare earth processing in partnership with the U.S. Department of War through a multi-phase funding agreement. Progress reported in September included completion of initial field work, application of Defense Priorities and Allocations System status for project procurement, and advancement of full commercial scale-up engineering efforts.

Ryan also acknowledged the evolving policy landscape around rare earths and critical minerals. As Western nations, including the United States and Canada, increase investments and coordination to reduce dependency on concentrated foreign supply sources, companies such as Ucore see opportunities to accelerate domestic processing and secure long-term contracts with consumers of magnet materials in automotive, energy and defense supply chains. Recent headlines from industry forums and rare earth market updates highlight these broader geopolitical shifts and underscore the strategic importance of establishing resilient supply chains.

Looking ahead to 2026, Ryan noted that the company would provide further updates as key milestones are reached. The company’s integrated strategy, combining RapidSX technology, demonstration and commercial facilities in two countries, and partnerships across industry and government, positions it to take advantage of growing global demand for rare earth oxides and to contribute meaningfully to Western supply independence.

For more information, visit www.Ucore.com.

NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://nnw.fm/UURAF

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