Mr. Michael Schrider reports

UCORE RECEIVES A CRUCIAL DPAS-RATED LONG LEAD EQUIPMENT COMPONENT AT THE LOUISIANA SMC

A crucial piece of long-lead-time equipment at Ucore Rare Metals Inc.'s Louisiana strategic metals complex (LA-SMC) in Alexandria, La., has arrived. The equipment was procured under the company's $22.4-million (U.S.) modified funding agreement with the U.S. Army Contracting Command -- Orlando and associated Defense Priorities & Allocations System (DPAS) rating. The equipment is a GMM Pfaudler U.S. Inc. 4,000-gallon jacketed glass-lined reactor designed to leach a wide variety of planned western mixed rare earth oxides (MREO) and mixed rare earth carbonates (MREC) to be received at the LA-SMC.

Ucore presented its DPAS DO-B8 rating in a Sept. 19, 2025, news release and noted that a DPAS rating imposes legal obligations on equipment suppliers, requiring that fulfilment of any LA-SMC order be given preferential treatment over unrated orders to meet national defense and emergency preparedness requirements.

The offloading and placement of the reactor within the LA-SMC was successfully co-ordinated by Ucore's selected LA-SMC construction management contractor, Ratcliff Construction, of Alexandria, La. A section of the end wall was removed and replaced to facilitate the placement of the reactor within the building.

"The arrival of this major piece of equipment is a significant milestone for the Ucore team as we stay laser focused on establishing commercial rare earth processing in Louisiana," stated Mike Schrider, PE, Ucore vice-president and chief operating officer. "Ucore is conducting a co-ordinated knowledge transfer of its RapidSX technology platform and ancillary processing systems from its commercialization and demonstration facility (CDF) in Kingston, Ont., to the LA-SMC. This effort will continue throughout 2026, with the installation of one RapidSX machine scheduled for commissioning and product qualification trials in H1 2027."

Co-ordinated CDF to LA-SMC activities include:

• Anticipated LA-SMC feedstock testing and separation trials at the CDF;
• Factory acceptance testing (FAT) of the RapidSX commercial-scale equipment platform at the CDF;
• LA-SMC engineering, procurement and construction (EPC) personnel familiarization, design, procurement, construction and/or testing of the CDF equipment and processes;
• LA-SMC personnel training at the CDF.

About Ucore Rare Metals Inc.

Ucore is focused on rare and critical metal resources, 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 rare heavy REE project on Prince of Wales Island in southeastern Alaska.

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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