B. Riley analyst Nick Giles initiated coverage of Ucore Rare Metals (UURAF) with a Buy rating and $9 price target Ucore offers a pure-play investment opportunity in the midstream separation step of the rare earth supply chain due to its RapidSX Technology, which should ramp meaningfully in 2026 at the Louisiana Strategic Metals Complex, the analyst tells investors in a research note. Riley sees multiple potential catalysts for the shares, including development of the Louisiana Strategic Metals Complex and the scale-up of a “first-of-a-kind” processing facility dedicated to samarium and gadolinium.
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