Ucore Rare Metals Supports Partner Acquisition of Thailand Rare Earth Processing Facility

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) acknowledged its partner Hastings Technology Metals, alongside Wyloo, for acquiring a fully permitted mixed rare earth chloride production facility in Thailand. This move is expected to accelerate near-term processing of monazite feedstock and strengthen a Western-aligned rare earth supply chain. The company stated that the development supports ongoing discussions toward a long-term supply agreement tied to its Louisiana Strategic Metals Complex, as it works to integrate upstream supply with midstream processing and rare earth oxide production capabilities.

Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. The company's vision includes becoming 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 rare earth element supply chain through the near-term development of a heavy and light rare-earth processing facility in Louisiana, subsequent Strategic Metals 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.

The acquisition of the Thailand facility represents a significant step in creating alternative rare earth processing capacity outside of Chinese dominance. This development matters because it contributes to diversifying global rare earth supply chains, which are crucial for numerous high-tech and defense applications. Rare earth elements are essential components in electric vehicles, wind turbines, smartphones, and military equipment, making secure and reliable supply chains a strategic priority for Western nations.

The implications of this announcement extend beyond immediate business arrangements to broader geopolitical and economic considerations. By supporting partner acquisition of processing capacity in Thailand, Ucore is advancing its strategy to create a vertically integrated rare earth supply chain that reduces dependence on Chinese processing facilities. This move aligns with increasing government and industry efforts in North America and allied countries to develop resilient critical mineral supply chains that support technological innovation and national security objectives.

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. The latest news and updates relating to UURAF are available in the company's newsroom at https://ibn.fm/UURAF. Rocks & Stocks is a specialized communications platform delivering deep insights into the mining industry and is one of 75+ brands within the Dynamic Brand Portfolio at IBN. For more information, please visit https://RocksAndStocks.news.