Northwire Canada EditionTuesday, September 15, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8% GOLD 4351.90 −1.3% SILVER 63.76 −2.2% COPPER 6.40 −2.3% OIL 101.39 +1.3% PALLADIUM 1296.50 −2.1% QGR 0.200 +0.0% MSC 0.015 −25.0% GENM 0.705 −0.7% URC 3.89 +0.0% SHL 0.400 +4.6% AZS 0.750 −8.5% FL 0.415 +0.0% HMMC 8.29 −1.1% NAR 0.260 −5.5% GCN 0.030 −14.3% RIO 3.54 −1.4% EVI 0.430 +2.4% CTV 0.110 −4.3% ECOR 3.10 −4.0% TLG 2.20 +0.0% UCU 2.59 +2.8%
Financings

US Critical Metals Secures $1M USD and Corporate Equity for All Sheep Creek Participation Rights

By The Northwire Desk — AI Analysis Feb 03, 2026 · 07:31 USCM · 0.345 US Critical Metals Corp.
USCM · Price

Executive Summary

  • US Critical Metals Corp. entered into a definitive purchase agreement with U.S. Critical Materials Corp. and US Rare Elements Corporation, receiving $1 M cash and 500,000 shares of Materials in exchange for relinquishing its rights to the Sheep Creek Project.
  • The transaction is valued at approximately US$1.5 million and provides non‑dilutive capital to strengthen the company’s balance sheet and refocus on majority‑owned lithium projects such as McDermitt East.
  • Immediate cash of $500,000 is paid at closing, with a second $500,000 payable within six months, plus an equity stake in Materials.

Key Details

  • Cash Consideration:
  • $500,000 paid at execution (closing).

  • Additional $500,000 payable within six months or less of closing.

  • Equity Consideration:

  • 500,000 common shares of U.S. Critical Materials Corp. issued to US Critical Metals at closing.

  • Total Transaction Value: Approximately US$1,500,000 (cash + equity).

  • Rights Relinquished:

  • All rights under the July 25 2022 exploration, option and shareholder agreement for the Sheep Creek Project.

  • Participation in joint‑venture rights associated with US Rare Elements Corporation.

  • Strategic Rationale:

  • Provides non‑dilutive financing to advance lithium assets held by US Critical Metals.

  • Allows the company to prioritize projects where it retains majority ownership and operational control, notably the McDermitt East Lithium Project.

  • Management Commentary:

  • CEO Darren Collins stated the deal delivers meaningful non‑dilutive capital while preserving a shareholder position in Materials to benefit from Sheep Creek progress.

Notable Quotes

“This transaction delivers meaningful non-dilutive capital to the Company while allowing both companies to pursue their priorities,” – Darren Collins, CEO

Materiality Assessment: Material – Positive (The agreement provides significant cash and equity financing and materially alters the company’s project portfolio.)

Read the original news release →

More from US Critical Metals Corp.

Apr 09, 2026 · 08:45

USCM locks in 2026 drill contract, keeping lithium push on track

Drill Results Apr 09, 2026 · 07:01

USCM pushes ahead with 2026 McDermitt East drill program, but no immediate financial upside

Drill Results Feb 03, 2026 · 17:32

U.S. Critical sells Sheep Creek participation rights

M&A / Property Jan 15, 2026 · 08:45

Lithium Reclaims Its Role as a Critical Growth Metal as Miners Ramp Up Operations in 2026

Financings Jan 15, 2026 · 07:31

USCM Reports 2025 Milestones and Outlines 2026 Exploration Priorities at McDermitt East Lithium Project Amid Accelerating Thacker Pass Developments

Drill Results Oct 30, 2025 · 17:43

U.S. Critical closes McDermitt interest acquisition

M&A / Property