Ucore Rare Metals Inc (TSE:UCU)
:UCU
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Ucore Rare Metals
(UCU)
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Rating:46Neutral
Price Target:
C$4.50
▼(-37.93% Downside)
Action:Reiterated
Date:06/01/26
The score is primarily constrained by weak financial performance: zero revenue, sizable and recently wider losses, and persistent cash burn that increases financing/dilution risk. Technicals are mixed—short-term stabilization but a weaker long-term trend—while valuation support is limited because earnings are negative and no dividend yield is provided.
Positive Factors
Asset-light processing and licensing revenue model
Ucore’s stated model targets fees and margins from processing and technology-related income rather than only upstream mining. An asset-light, fee-for-service and licensing approach can scale more quickly with lower incremental capex, enabling recurring margin capture as customers outsource separation to domestic facilities.
Negative Factors
Pre-revenue with negative gross profit
The company remains pre-revenue and reports negative gross profit, indicating operations are not yet commercial. Without product sales or processing fees, management must continue funding development, making long-term viability dependent on successful technology commercialization or securing durable customers.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light processing and licensing revenue model
Ucore’s stated model targets fees and margins from processing and technology-related income rather than only upstream mining. An asset-light, fee-for-service and licensing approach can scale more quickly with lower incremental capex, enabling recurring margin capture as customers outsource separation to domestic facilities.
Read all positive factors
Ucore Rare Metals (UCU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$610.13M
Dividend YieldN/A
Average Volume (3M)1.01M
Price to Earnings (P/E)―
Beta (1Y)1.74
Revenue GrowthN/A
EPS Growth-87.05%
CountryCA
Employees8
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.41
Shares Outstanding116,437,800
10 Day Avg. Volume1,613,782
30 Day Avg. Volume1,012,152
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)6.55
Price to Sales (P/S)0.00
P/FCF Ratio-30.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.23
Revenue Forecast (FY)N/A
Ucore Rare Metals Business Overview & Revenue Model
Company Description
Ucore Rare Metals Inc. focuses on the exploration and separation of various elements within Canada and the United States. The company's primary asset is its fully owned Bokan Mountain/Dotson Ridge property, located on Prince of Wales Island in Ala...
How the Company Makes Money
Ucore’s intended revenue model centers on earning income from rare earth separation and processing rather than traditional upstream mining alone. The primary expected revenue stream is fees and/or margins generated by processing rare earth feedsto...
Ucore Rare Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
56
Neutral
Cash Flow
26
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.84M | -2.74M | -2.74M | -178.84K | -96.46K | -114.96K |
| EBITDA | -31.97M | -12.35M | -8.11M | -4.77M | -4.62M | -4.93M |
| Net Income | -39.30M | -39.26M | -13.47M | -7.61M | -5.47M | -5.51M |
Balance Sheet | ||||||
| Total Assets | 85.07M | 83.58M | 62.06M | 60.62M | 53.24M | 49.44M |
| Cash, Cash Equivalents and Short-Term Investments | 25.35M | 26.11M | 627.52K | 248.38K | 2.26M | 3.33M |
| Total Debt | 10.79M | 10.50M | 15.14M | 8.52M | 3.70M | 2.51M |
| Total Liabilities | 14.22M | 12.42M | 20.41M | 11.55M | 5.02M | 3.42M |
| Stockholders Equity | 70.84M | 71.16M | 41.64M | 49.08M | 48.22M | 46.03M |
Cash Flow | ||||||
| Free Cash Flow | -18.19M | -15.20M | -6.46M | -9.86M | -6.88M | -5.79M |
| Operating Cash Flow | -15.89M | -14.53M | -5.67M | -3.98M | -4.46M | -5.43M |
| Investing Cash Flow | -2.31M | -875.97K | -783.53K | -5.89M | -2.43M | 1.20M |
| Financing Cash Flow | 40.99M | 40.89M | 6.83M | 7.85M | 5.82M | 6.55M |
Ucore Rare Metals Technical Analysis
Negative
7.25
Price Trends
5.51
Negative
5.93
Negative
6.40
Negative
Market Momentum
-0.10
Positive
47.12
Neutral
18.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:UCU, the sentiment is Negative. The current price of 7.25 is above the 20-day moving average (MA) of 5.49, above the 50-day MA of 5.51, and above the 200-day MA of 6.40, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 47.12 is Neutral, neither overbought nor oversold. The STOCH value of 18.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:UCU.
Ucore Rare Metals Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | C$610.13M | -12.66 | -65.12% | ― | ― | -87.05% | |
46 Neutral | C$66.96M | -18.71 | -12.25% | ― | ― | -2.21% | |
45 Neutral | C$44.29M | -101.92 | -7.53% | ― | 3425.98% | 81.88% | |
45 Neutral | C$43.21M | -71.15 | -3.27% | ― | ― | -60.00% | |
45 Neutral | C$298.34M | -12.30 | 9999.00% | ― | ― | -483.50% | |
41 Neutral | C$45.92M | -2.22 | -15.44% | ― | ― | -118.42% |
* General Sector Average
TSE:UCU
Ucore Rare Metals
5.24
4.12
367.86%
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Ucore Rare Metals Corporate Events
Business Operations and Strategy
Ucore Boosts Bokan Rare Earth Resource in Strategic Alaska Project Update
Positive
Apr 14, 2026
Ucore Rare Metals has released an upgraded mineral resource estimate and new technical report for its Bokan Dotson-Ridge rare earth project in Southeast Alaska, prepared under both Canadian and U.S. reporting standards as of April 9, 2026. The upd...
Business Operations and Strategy
Ucore Wins U.S. Defense Acceptance for RapidSX Phase 1, Paving Way for Louisiana REE Plant
Positive
Apr 7, 2026
Ucore Rare Metals has completed Phase 1 of its agreement with the U.S. Department of War, with the Army Contracting Command accepting its final demonstration and techno-economic assessment reports on the RapidSX™ rare earth separation techno...
Business Operations and StrategyM&A Transactions
Ucore Backs Hastings’ Thai Rare Earth Facility to Bolster Western Supply Chain
Positive
Mar 31, 2026
Ucore Rare Metals has endorsed its partner Hastings Technology Metals and Wyloo’s acquisition of a fully permitted mixed rare earth chloride production facility in Thailand, which will enable early processing of third-party monazite feedstoc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.