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Ucore Announces Books Closed on C$15.5 Million LIFE Offering and Full Exercise of Agents' Option
Newsfileยท 2025-06-10 10:54
Group 1 - Ucore Rare Metals Inc. has successfully closed its upsized private placement with total orders amounting to C$15.5 million, which is over-subscribed [1][2] - The initial offering was announced for gross proceeds of up to C$10 million but was increased due to strong investor demand [2] - The offering is expected to close around June 19, 2025, pending necessary approvals, including from the TSX Venture Exchange [3] Group 2 - The units issued under the offering are available to purchasers under the listed issuer financing exemption, with no resale restrictions under applicable Canadian securities laws [4] - Ucore is focused on rare and critical metal resources, aiming to become a leading advanced technology company in metal separation products and services [7] - The company plans to disrupt China's control over the North American rare earth element supply chain through the development of processing facilities in the U.S. and Canada [8]