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HALIFAX, NS / ACCESS Newswire / August 6, 2026 / Ucore Rare Metals Inc. (TSX-V:UCU)(OTCQX:UURAF) ("Ucore" or the "Company") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. as sole bookrunner and co-lead underwriter, and B. Riley Securities, Inc., as co-lead underwriter, on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 21,430,000 common shares (the "Common Shares") of the Company at a price of C$2.80 per Common Share (the "Issue Price") for aggregate gross proceeds to the Company of C$60,004,000 (the "Offering"). The Offering includes a cornerstone order from a leading fundamental global institutional investor.
The Company has agreed to grant the Underwriters an option (the "Over-Allotment Option"), exercisable in whole or in part at any time and from time to time for up to 30 days following the Closing Date (as herein defined), to purchase up to an additional number of Common Shares (the "Additional Common Shares") equal to 15% of the number of Common Shares sold pursuant to the Offering at a price per Additional Common Share equal to the Issue Price, to cover overallotments, if any, and for market stabilization purposes.
