Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) is engaged in the exploration for and separation and scalable production of rare earth elements (“REEs”) in Canada and the U.S. The company is disrupting China’s dominance with its near-term processing facility in Louisiana, subsequent Strategic Metals Complexes (“SMCs”) in Alaska and Canada, and longer-term development of Boken Mountain on Prince of Wales Island, Alaska. This comes as current tensions between the U.S. and China have brought to light the urgency for North America to have its own REE processing alternatives. “Ucore’s RapidSX(TM) technology provides additional industry options for overcoming the dominance of China in processing REEs through its development of near-term and long-term processing facilities in North America,” a recent article reads. “The processing facilities will incorporate Ucore’s RapidSX(TM) technology, which combines the time-proven chemistry of conventional solvent extraction (‘SX’) with a new column-based platform that significantly reduces time to completion and plant footprint, as well as potentially lowering capital and operating costs. SX is currently the international REE industry’s standard commercial separation technology for bulk separation of heavy and light REEs. The commissioning process of Ucore’s RapidSX(TM) Demonstration Plant is underway in Kingston, Ontario.”

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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 has an effective 100% ownership stake in the Bokan-Dotson Ridge Rare Earth Element Project in Southeast Alaska, USA. 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 development of a heavy and light rare-earth processing facility in the U.S. state of Louisiana, subsequent SMCs in Alaska and Canada and the longer-term development of Ucore’s heavy-rare-earth-element mineral-resource property at Bokan Mountain on Prince of Wales Island, Alaska. Ucore is listed on the TSXV under the trading symbol UCU and in the United States on the OTC Markets’ OTCQX(R) Best Market under the ticker symbol UURAF. For further information, please visit https://ucore.com/corporateupdate.

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

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