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Ucore Signs Heads of Agreement with Wyloo and Hastings to Secure Yangibana Feedstock
Halifax, Nova Scotia--(Newsfile Corp. - October 31, 2025) - Ucore Rare Metals Inc. (TSXV: UCU)...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore Signs Heads of Agreement with Wyloo and Hastings to Secure Yangibana FeedstockHalifax, Nova Scotia--(Newsfile Corp. - October 31, 2025) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (\"Ucore\" or the \"Company\") is pleased to announce that it has entered into a non-binding Heads of Agreement (HoA) with Wyloo Gascoyne Pty Ltd (\"Wyloo\") and Hastings Technology Metals Ltd (\"Hastings\") to:Establish a long-term supply pathway for Yangibana rare earth concentrate; andEvaluate hydrometallurgical (\"Hydromet\") processing options in the United States, with Louisiana as the priority location.The HoA links Australian feedstock from the Yangibana Rare Earths and Niobium Project (Western Australia) with U.S. mid-stream processing and separation at Ucore's Louisiana Strategic Metals Complex (SMC) - aligning with Ucore's objective to establish a North American, ex-China rare earth supply chain and leverage the critical materials frameworks amid unprecedented policy convergence with allied jurisdictions, notably the United States, Canada and Australia.The HoA was signed at the G7 Energy and Environment Ministers Meeting. Left to Right: The Honourable Tim Hodgson, Minister of Energy and Natural Resources (Canada); Dr. Ahmad Hussein, Director of Government Relations (Ucore); Pat Ryan, Chairman and CEO (Ucore); Nanette Trask, CFO (Wyloo); Vince Catania, CEO (Hastings); The Hon Madeleine King MP, Minister for Resources and Minister for Northern Australia (Australia)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1119/272721_e3516455c4beb83c_002full.jpg\"This HoA represents another key step in building the mine-to-oxide pathway between allied nations,\" stated Pat Ryan, P.Eng., Ucore's Chairman and CEO. \"By partnering with Wyloo and Hastings, we are securing potential feedstock for our Louisiana SMC and exploring U.S. Hydromet options that add flexibility and scale to our DoD-backed RapidSX™ separation program.\"Chief Executive Officer, Mr Vince Catania said: \"We are delighted to partner with Ucore on this strategically significant HoA. This agreement represents a major step forward in de-risking the Yangibana Project by securing a pathway to a long-term offtake partner in the key North American market. More importantly, the joint evaluation of a downstream Hyrdromet plant in...