Ucore Rare Metals Inc. Closes Non-Brokered Equity Private Placement Financing

Counsel to Ucore Rare Metals Inc., with respect to the completion of its non-brokered private placement offering

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On February 28, 2025, Ucore Rare Metals Inc. (the “Company”) announced that it completed a non-brokered private placement offering of 1,955,800 units (the “Units”) at a price of $0.60 per Unit for gross proceeds of $1,173,480 (the “Offering”). Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share (a “Warrant Share”) for a period of 36 months following the date of closing of the Offering (the “Closing Date”) at an exercise price of $0.75.

Miller Thomson advised Ucore Rare Metals Inc. with a  team comprised of Geoff Clarke, Jonathan Tong, Madison Derraugh (Capital Markets/Securities/Mining), Calvin Wang (Articling Student) and Anca Nitu (securities clerk).

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