Ucore Advances Rare Earth Processing Partnerships and Offtake Deals

Ucore Rare Metals has moved quickly to expand processing capacity, secure feedstock and lock in offtake as it prepares U.S. heavy rare earth operations.

The company received conditional Canadian approval for up to $36.3 million to support North American rare earth processing and is advancing plans for Louisiana-based heavy rare earth production targeted for 2026. Ucore said it has updated its DPAS status and continues engagement with U.S. defense and supply-chain stakeholders.

Strategic technical collaborations include a binding agreement with Metallium to integrate Flash Joule Heating into Ucore’s RapidSX™ separation flow-sheet, and an alliance with Vacuumschmelze and eVAC Magnetics to secure rare earth oxide supply and downstream magnet inputs.

Feedstock and commercial links were strengthened via a Heads of Agreement with Wyloo and Hastings to secure Yangibana material, alongside a Yangibana joint-venture partnership to advance feedstock into U.S. processing capacity. Ucore also executed a supply agreement with Critical Metals Corp., which separately announced a 10‑year TANBREEZ offtake commitment covering roughly 15% of production to U.S. processor REalloys Inc.

Management highlighted geopolitical developments - G7 supply-chain initiatives and China’s export controls - as drivers for accelerating domestic processing and integrated supply chains, while convertible debenture conversions and investor presentations signal ongoing financing and stakeholder engagement.