Ucore Closes Private Placement Financing

Counsel to Ucore Rare Metals Inc.

Lead by

Team Members

On November 14, 2024, Ucore Rare Metals Inc. (the “Company”) announced that they have completed a non-brokered private placement offering of 4,803,329 units (the “Units”) at a price of $0.50 per Unit for gross proceeds of $2,401,665 (the “Offering”). Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share (a “Warrant Share”) for a period of 24 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) and Anca Nitu (securities clerk).

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