Ucore Advances NRCan CMRDD Program and Hosts Ottawa Dignitaries

• Ucore Rare Metals hosted senior Natural Resources Canada (NRCan) and federal officials at its Commercialization and Demonstration Facility (CDF) in Kingston, Ontario, on May 14, 2026.
• The visit highlighted progress under the NRCan Critical Minerals Research, Development and Demonstration (CMRDD) program, specifically the advancement of the RapidSX™ technology platform.
• The company demonstrated commercial-scale production of neodymium-praseodymium (NdPr) and Samarium (Sm) products using Canadian feedstock.
• Discussions focused on leveraging Canada's $2 billion Critical Minerals Sovereign Fund and new policy frameworks to scale domestic rare earth operations and strengthen North American supply chain independence.
• Management reiterated its strategic focus on disrupting Chinese REE supply chain control, with near-term development of the Louisiana processing facility, subsequent Canadian/Alaska SMCs, and the Bokan-Dotson Ridge project in Alaska.

• The news is a routine follow-up to previously announced government funding and commercialization milestones.
• It confirms the ongoing validation of RapidSX™ technology and aligns with the conditional C$36.3 million Canadian government funding announced in October 2025.
• The engagement with the $2 billion Sovereign Fund is a strategic policy dialogue rather than a binding financial commitment, making it incremental rather than transformative.
• The production of NdPr and Sm at the CDF is consistent with earlier Phase 1 and Phase 2 DoD milestones, indicating steady execution rather than unexpected breakthroughs.
• Overall, the update reinforces the company's strategic positioning but does not introduce new material financial or operational catalysts.

• Ucore Rare Metals is developing a fully integrated North American rare earth supply chain, focusing on mid-stream separation using its proprietary RapidSX™ technology.
• The flagship project is the Louisiana Strategic Metals Complex (SMC), a commercial-scale facility designed to process Western-friendly feedstocks into high-purity rare earth oxides.
• The company also operates a Commercialization and Demonstration Facility (CDF) in Kingston, Ontario, which has successfully demonstrated RapidSX™ capabilities over 5,700+ hours.
• Additional assets include the Bokan-Dotson Ridge Rare Earth Project in Alaska and strategic partnerships for feedstock supply from Australia and Greenland.