Mr. Pat Ryan reports

UCORE COMMENTS ON G7 FOCUS TO SECURE CRITICAL MINERAL SUPPLY CHAINS, OCTOBER 30-31, 2025

Ucore Rare Metals Inc. has issued the following statement regarding the G7 Energy and Environment Ministers Meeting to be held in Toronto, Ont., Oct. 30 and Oct. 31, 2025.

Public statements by government officials ahead of the meeting indicate that ministers intend to move beyond discussion toward concrete measures that strengthen allied critical mineral supply chains. With partners including the United States and Australia, a multilateral approach is the mandate. These measures include long-term offtake agreements with price support features, strategic stockpiling, and targeted public financing for mining, refining and mid-stream processing -- tools aimed at improving market stability, enhancing security of supply and catalyzing private investment across the energy transition value chain.

"We will see this week many examples of us moving beyond talks to firm commitments," said Canada's Minister of Energy and Natural Resources in remarks previewing the meeting.

What this means for Ucore shareholders:

• Improved bankability and revenue visibility: Durable pricing frameworks and government-backed offtakes can reduce commodity price volatility, narrowing financing risk and improving the economics of North American rare earth refining.
• Faster path to domestic supply: Strategic stockpiles and procurement programs can accelerate qualification cycles and enable earlier, larger-scale purchases of high-purity rare earth oxides by automakers, wind original equipment manufacturers and defence supply chains.
• Reduced single-country risk: Co-ordinated G7 action to diversify supply reduces exposure to concentrated sources for rare earth magnets and battery materials --supportive of regional refining capacity and multisource feedstock strategies.

"Rare earths are foundational to the clean energy transition and modern manufacturing," said Pat Ryan, PEng, chairman and chief executive officer of Ucore. "As policy frameworks take shape to secure and decarbonize energy systems, Ucore is progressing North American refining capacity designed to deliver high-purity rare earth oxides responsibly and at scale. We see working with key allied Western world countries to achieve this objective as a priority."

About Ucore Rare Metals Inc.

Ucore is focused on rare and critical metal resource, extraction, beneficiation and separation technologies with the potential for production, growth and scalability. Ucore's vision and plan are to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare earth processing facility in the U.S. state of Louisiana, subsequent SMCs in Canada and Alaska, and the longer-term development of Ucore's 100-per-cent-controlled Bokan-Dotson Ridge heavy rare earth element project on Prince of Wales Island in southeastern Alaska, United States.

Ucore is listed on the TSX Venture Exchange under the trading symbol UCU and in the United States on the OTC Markets' OTCQX Best Market under the ticker symbol UURAF.

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