Ucore Corporate Update

Rhea-AI Summary

Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) announced that Chairman and CEO Pat Ryan will present at the Emerging Growth Conference on April 16, 2025, at 2:20pm Eastern Time. The presentation will provide shareholders and investors with a company overview, operational updates, and insights into recent rare earth sector developments.

Additionally, the company has granted 1,360,000 stock options to directors, officers, employees, and consultants, pending TSX Venture Exchange approval. The options are exercisable at $1.08 per share with a five-year expiration from April 14, 2025. The vesting schedule includes one-third after six months and the remaining portions vesting in six-month intervals.

Positive

• Stock option grant of 1.36M shares indicates alignment of management and employee interests with shareholders
• Staggered vesting schedule over 18 months promotes long-term retention of key personnel

Negative

• Stock option grant may lead to potential dilution of existing shareholders

Halifax, Nova Scotia--(Newsfile Corp. - April 14, 2025) - Ucore Rare Metals Inc.  (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to announce that its Chairman and CEO, Pat Ryan, will be presenting at the Emerging Growth Conference on Wednesday, April 16, 2025 at 2:20pm Eastern Time. Mr. Ryan is looking forward to providing existing shareholders and the investment community with an overview of the Company and its operations, together with an update on recent developments in the rare earth sector.

Prospective attendees can register at the following link to attend the conference:

https://goto.webcasts.com/starthere.jsp?ei=1705403&tp_key=612b99c876&sti=uuraf

If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com and on the Emerging Growth YouTube Channel, http://www.YouTube.com/EmergingGrowthConference.

The Company further advises that an aggregate of 1,360,000 options have been granted to directors, officers, employees and consultants of the Company, subject to the approval of the TSX Venture Exchange. The options are exercisable into common shares at a price of $1.08 per share and the options expire five years from April 14, 2025, the date of grant. One third of the options will vest after six months, with one third vesting every six months thereafter until fully vested.

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About Ucore Rare Metals Inc.

Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana, subsequent Strategic Metal Complexes in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA.

Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."

For further information, please visit www.ucore.com.

Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements.

For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and ongoing Programs (generally), see the risk disclosure in the Company's most recently filed MD&A, as filed on www.sedarplus.ca as well as the risks described below.

Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to complete the Demo Plant demonstration schedule and also later prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Element project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.

CONTACTS

Mr. Peter Manuel, Ucore Vice President and Chief Financial Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214.

For additional information, please contact:

Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
1.902.482.5214
mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248449

FAQ

What is the exercise price and expiration date for UURAF's newly granted stock options?

The stock options are exercisable at $1.08 per share and expire five years from April 14, 2025.

How many stock options did Ucore (UURAF) grant in April 2025?

Ucore granted 1,360,000 stock options to directors, officers, employees, and consultants.

What is the vesting schedule for UURAF's April 2025 stock options?

One-third of options vest after six months, with additional thirds vesting every six months until fully vested.

When is Ucore's (UURAF) presentation at the Emerging Growth Conference?

CEO Pat Ryan will present on Wednesday, April 16, 2025, at 2:20pm Eastern Time.