• Ucore announced new additions to its executive and management teams in what the Chairman and CEO, Pat Ryan, believes strengthens and advances the company’s fundamental corporate tenet
• Geoff Atkins was appointed as Ucore’s Vice President of Business Development, while Jaan Hurditch was appointed as Engineering Director, leading the company’s engineering activities
• Ucore also bolstered its Advisory Board with the appointment of Dr. Ahmad Hussein, who will also serve as the Government Liaison
• These appointments come just in time following the commissioning of the demonstration plan in Kingston, Ontario

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a critical metals (“CM”) separation technology company, just announced new additions to its executive and management teams in a move that sees the company transition toward production. As a company committed to executing an environmental, social, and governance (“ESG”)-centered plan toward establishing a comprehensive North American critical metals supply chain, these appointments, according to the company’s Chairman and CEO, Pat Ryan, allow Ucore to strengthen and advance its fundamental corporate tenet (https://ibn.fm/ZRJg1).

“These recent additions to the Ucore team allow the company to strengthen and advance this fundamental corporate tenet as Ucore executes its transition to a technology company entering into a production environment throughout 2023 and 2024,” noted Mr. Ryan.

Geoff Atkins was appointed Ucore’s Vice President of Business Development, lending over 30 years of experience as a mining executive and over 15 years in the critical mineral sector. Mr. Atkins’ focus on developing rare earth projects over his career has earned him the title of one of the few mining executives outside China who has played an integral role in establishing two rare earth operations. At Ucore, he will be responsible for the development of implementation strategies to secure contracts with rare earth feedstock projects worldwide in a bid to support Ucore’s Strategic Metals Complex (“SMC”) Business Model.

Jaan Hurditch was also appointed as Engineering Director, leading the company’s engineering activities. Having previously worked with Ucore’s wholly owned subsidiary, Innovation Metals Corp. (“IMC”), as the RapidSX(TM) Platform Development Manager, Mr. Hurditch will now be responsible for the development of the RapidSX(TM) hardware platform. The platform is undergoing commissioning trials at the Kingston, Ontario, Demonstration Plant, and is projected to be commercially deployed during the construction of the Louisiana SMC in 2024.

Ucore also bolstered its Advisory Board with the appointment of Dr. Ahmad Hussein, who will also serve as the Government Liaison. With a legacy of cultivating strategic relationships with Canadian and US government agencies, Dr. Hussein will bring potential partners across the supply chain and add value to Ucore’s proprietary RapidSX(TM) technology platform opportunities and long-term strategic plans.

“One of the key pillars of our business model includes building the right team to execute a fundamentally sound economic plan underpinned by the best available technology,” noted Pat Ryan.

“We sincerely welcome Geoff, Jaan, and Ahmad to our remarkable Ucore team,” he added (https://ibn.fm/7A1uw).

These appointments come just in time following the commissioning of the demonstration plant in Kingston, Ontario, along with the scheduled processing of 2,000 tons of total rare earth oxides annually, commencing by the end of 2024. The company plans to scale up operations at the plant to 5,000 tons by the end of 2026, and these appointments will play a key role in achieving that goal. The appointments will also be integral to Ucore further expanding its operations, market reach, brand equity, and overall market share of the Rare Earth Elements (“REE”) processing market, which China currently dominates.

For more information, visit the company’s website at www.Ucore.com.

NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF

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