Ucore Rare Metals Inc. · TSXV:UCU
Ucore Rare Metals — Investor Presentation (June 2025)
20 slides from Ucore Rare Metals's investor presentation, Jun 3, 2025
Slide 1: Strategic Business Overview
TSXV: UCU | OTCQX: UURAF ucore.com Strategic Business Overview Establishing North America’s Rare Earth Supply Chain with Western Innovation June 3, 2025
Slide 2: Cautionary Notes & Disclaimers
CAUTIONARY NOTES & DISCLAIMERS © 2023 – Ucore Rare Metals Inc. This presentation includes certain statements that may be deemed “forward-looking statements”. All statements in this presentation (other than statements of historical facts) that address future business development, technological develo
Slide 3: Rare Earth Element Permanent Magnets
RARE EARTH ELEMENT PERMANENT MAGNETS © 2023 – Ucore Rare Metals Inc. ucore.com Rare Earth Permanent Magnets are the most efficient means of converting electrical energy to mechanical energy and deliver undisputedly best-in-class EV performance. They are the most dependable/durable and also dominant
Slide 4: Robotics - The Largest Driver for Permanent Magnets
ROBOTICS - THE LARGEST DRIVER FOR PERMANENT MAGNETS! © 2023 – Ucore Rare Metals Inc. By 2040, the robotics sector is poised to be one of the top drivers of rare earth element (REE) demand, particularly for neodymium, praseodymium, and dysprosium. These elements are essential for manufacturing high-
Slide 5: Significant Rare Earth Oxide Supply Increases Needed
SIGNIFICANT RARE EARTH OXIDE SUPPLY INCREASES NEEDED © 2023 – Ucore Rare Metals Inc. • Global magnet rare earth oxide consumption will increase by 200% by the end of the decade, and more than five-fold by 2040, from US $7.8 billion in 2024 to US $44.1 billion by 2040. • For China alone to close the
Slide 6: China Benefits from Massive Scale and Years of Uncontested Expertise
CHINA BENEFITS FROM MASSIVE SCALE AND © 2023 – Ucore Rare Metals Inc. 40 YEARS OF UNCONTESTED EXPERTISE DEVELOPMENT Metals NdFeB Regional Share Mining Oxides Magnet & Aloys China 67% 88% 92% 93% USA 10% <1 % 0% <1 % ucore.com Europe 0% <1 % <1 % <1 % Australia 9% 0% 0% 0% TSXV:UCU | OTCQX: UURAF Jap
Slide 7: Rare Earth Elements: China's Supply Grip Restricts Exports
RARE EARTH ELEMENTS © 2024 – Ucore Rare Metals Inc. China's Supply Grip Restricts Ores, Oxides & Technology from Exporting ucore.com TSXV:UCU | OTCQX: UURAF 7
Slide 8: To Succeed, The West Must Innovate
TO SUCCEED, THE WEST MUST INNOVATE © 2023 – Ucore Rare Metals Inc. THE CHALLENGES: • Lack of Midstream Refining and Processing Capacity. • Primary Extraction often Remotely Located & Domestic Mining Permits Can Take a Decade. • Heavy Rare Earth Sources are Controlled by China and ucore.com Developin
Slide 9: Rare Earth Element Outlook to 2030
RARE EARTH ELEMENT OUTLOOK TO 2030 © 2023 – Ucore Rare Metals Inc. The Challenge : The Opportunity : • China: o mines 60%+ Global REE Resources $32 B / 300,000 t/yr o manufactures 90%+ Global REE Components o will eventually consume 100% of its Production Total World Market • Minimal North American
Slide 10: Innovate the Way You Approach Separation
INNOVATE THE WAY YOU APPROACH SEPARATION © 2023 – Ucore Rare Metals Inc. Industrial Revolution 1760-1840 RapidSX Ford’s Moving • Machines Replace Hand Tools Assembly Line • Factory System 1913 Lean ucore.com Manufacturing • Vehicles Move Not People • Work Smarter 1913-1988 Digital Manufacturing and
Slide 11: RapidSX Technology
RAPIDSX TECHNOLOGY © 2024 – Ucore Rare Metals Inc. RapidSX is a Transformative REE Separation Technology Key Advantages vs. Conventional SX The RapidSX 80 tpa Commercialization and Demonstration Facility (CDF) Kingston, Ontario Columns Utilizes up to 70% Less Floor Space Significant Reduction in CAP
Slide 12: RapidSX Technology: Commercial Demonstration Plant
RAPIDSX TECHNOLOGY © 2023 – Ucore Rare Metals Inc. HREE and LREE Separation and OEM Qualification Facility Commercial Demonstration Plant Kingston, Ontario • 10’s of tpa LREE & HREE Processing Utilizing the Same Equipment (A First for North America). ucore.com • Developing Flowsheets in a demonstrat
Slide 13: The SMC Business Model
THE SMC BUSINESS MODEL © 2024 – Ucore Rare Metals Inc. Multiple Planned Strategic Metals Complex Facilities with SMC No. 1 Developed in Louisiana ucore.com Production Summary: • SMC production process will commence after the installation of (3) RapidSX Machines focused on early Tb & Dy production. T
Slide 14: Government Support
GOVERNMENT SUPPORT © 2023 – Ucore Rare Metals Inc. Federal, State and Local Support "Clean vehicle EV tax credits can provide up to $7500 for final assembly in North America“ "REE Magnet Manufacturing 2023 tax credit proposes $30/kg credit if 90% from US producers". US Department of Defense – US $4M
Slide 15: Strategic US Government Support
STRATEGIC US GOVERNMENT SUPPORT © 2025 – Ucore Rare Metals Inc. USD $18.4M Agreement with US DOD The aim of this additional US $18.4M funding is to construct the first production-ready, commercial RapidSX machine and supporting infrastructure at Ucore’s planned Strategic Metals Complex (SMC) in Alex
Slide 16: Government Support: State of Louisiana
GOVERNMENT SUPPORT © 2023 – Ucore Rare Metals Inc. Federal, State and Local Support State of Louisiana – US $15M LOI . • Ongoing financial incentives, including tax incentives, payroll rebates, infrastructure improvements, and other programs • Incentive Package includes US$ 900k for Infrastructure I
Slide 17: Feedstock Partners
FEEDSTOCK PARTNERS Prospective Feedstock Availability by Continent © 2023 – Ucore Rare Metals Inc. Resources ready under 2 Years Feedstock Partnerships Resources ready over 2 Years 1 4 ucore.com 0 1 1 4 0 5 TSXV:UCU | OTCQX: UURAF • Discussions & Negotiations at various stages with 25+ US-Friendly f
Slide 18: Progress Update: Louisiana SMC Conceptual Design
TSXV:UCU | OTCQX: UURAF ucore.com © 2024 – Ucore Rare Metals Inc. Progress Update Louisiana SMC Conceptual Design 18
Slide 19: Expected Near Term Drivers
EXPECTED NEAR TERM DRIVERS © 2023 – Ucore Rare Metals Inc. • The US Department of Defense awarded a $4 M “Other Transaction Agreement” to Process HREO Feedstock at the Kingston Demo Facility (CDF). • An approval for approximately 80% of the completed DOD work is expected in Q1 2025. • There has been
Slide 20: Ucore - A North American First Mover with Multi-Pronged Strategy
© 2023 – Ucore Rare Metals Inc. UCORE - A NORTH AMERICAN "FIRST MOVER" WITH A MULTI-PRONGED STRATEGY TO DE-RISK RARE EARTH SUPPLY • Derisking not decoupling from Chinese dominance • Operating a Commercial Demonstration LREE & HREE Separation and OEM Product Qualification Plant (The Only HREE Process
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