• Ucore currently owns REE mining projects and advanced separation technology
• Commercial demonstration of the company’s RapidSX(TM) technology is ongoing
• Ucore plans several modern REE refineries in North America, with the first SMC slated to begin construction in Louisiana in 2023. This planned REE separation and rare earth oxide production plant is scheduled to process 2,000 tons of total rare earth oxides by the end of 2024, increasing to 5,000 tons in 2026
• Through its strategic partnerships with Kingston Process Metallurgy Inc., Mech-Chem Associates Inc. and other supporting contractors and vendors, Ucore is developing a North American REE supply chain

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) is engaged in Rare Earth Element (“REE”) resource development and in commercializing its critical metals separation technology, RapidSX(TM), for the mining and metals extraction industry. The company is guided by principles of environmental, social and corporate governance (“ESG”) with a focus on disrupting China’s current dominance of the U.S. REE supply chain.

Ucore’s vision is to become a leading advanced technology company providing best-in-class metal separation products and services to the mining and mineral extraction industry. It plans to aid in the development, through strategic partnerships, of a North American REE supply chain controlled by…

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

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