Ucore Rare Metals (UCU) AI Stock Analysis

• Market Cap: C$951.24M
• Dividend Yield: N/A
• Average Volume (3M): 1.01M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.40
• Revenue Growth: N/A
• EPS Growth: -58.77%
• Country: CA
• Employees: 8
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.25
• Shares Outstanding: 111,517,040
• 10 Day Avg. Volume: 1,613,782
• 30 Day Avg. Volume: 1,012,152
• PEG Ratio: -0.05
• Price to Book (P/B): 1.17
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.52
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$14.00
• Price Target Upside: 64.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: C$8.50 ▼(-0.35% Downside)

The score is primarily held back by weak financial performance (pre-revenue, widening losses, and sustained cash burn with rising leverage). Technicals are a partial offset with price trading above key moving averages, but valuation support is limited due to negative earnings and no dividend yield data.

Positive Factors

Proprietary separation technology

Owning RapidSX gives Ucore a durable technological edge in rare earth separation, enabling potential cost, efficiency and throughput advantages versus third parties. Over 2-6 months this supports licensing, project economics, and competitive differentiation in processing markets.

North American supply-chain positioning

Focused on domestic REE processing and refining aligns with long-term nearshoring trends for defense and clean-energy supply chains. This structural demand increases the addressable market and reduces geopolitical sourcing risks, supporting sustained strategic relevance.

Meaningful equity cushion

A larger equity base relative to debt gives the company a capital buffer and some runway to advance development-stage projects. This reduces immediate insolvency risk and provides flexibility to pursue permitting, engineering and initial commissioning activities.

Negative Factors

Pre-revenue development profile

Being pre-revenue means Ucore lacks internal operating cash generation and faces commercialization risk and timing uncertainty. Revenue absence elevates dependence on milestones, funding rounds, and execution to reach sustainable cash flows over the medium term.

Sustained cash burn

Consistent negative operating and free cash flow signals ongoing cash burn and reliance on external financing. Over months this raises dilution and funding-risk concerns, potentially constraining project timelines and investment in scale-up until commercial revenues occur.

Rising leverage and negative returns

Increasing leverage alongside deeply negative ROE signals deteriorating capital efficiency and higher financial risk. Elevated debt limits strategic flexibility, raises interest obligations and heightens vulnerability to funding stress if project timelines or cash flows slip.

Ucore Rare Metals Business Overview & Revenue Model

Company Description

Ucore Rare Metals Inc. engages in the exploration and separation of elements in Canada and the United States. It primarily holds a 100% interest in the Bokan Mountain/Dotson Ridge property located in Prince of Wales Island, Alaska. The company was formerly known as Ucore Uranium Inc. and changed its name to Ucore Rare Metals Inc. in June 2010. Ucore Rare Metals Inc. was founded in 2006 and is headquartered in Halifax, Canada.

How the Company Makes Money

Ucore Rare Metals generates revenue primarily through the exploration and potential future production of rare earth elements and other critical metals. The company aims to capitalize on the growing demand for REEs by advancing its mining projects and utilizing proprietary technologies to efficiently separate and purify these minerals. Ucore is also involved in securing partnerships and collaborations with industry stakeholders to enhance its market position and revenue potential. Revenue is expected to be driven by the sale of processed rare earth materials to manufacturers and industries that require these elements for their products. Additionally, Ucore's development of innovative separation and purification technologies could provide licensing and service opportunities, further contributing to its earnings.

Ucore Rare Metals Financial Statement Overview

Summary

Ucore Rare Metals faces significant financial challenges, with persistent losses and cash flow issues. The balance sheet shows increasing debt levels and declining equity, which may pose risks if not managed effectively. The company needs to address its revenue generation and operational efficiency to improve its financial health.

Income Statement

Ucore Rare Metals shows a consistent lack of revenue across all periods, indicating a challenging position in generating sales. The gross profit and net income remain negative, with increasing net losses, which suggests worsening profitability. EBIT and EBITDA margins are also negative and deteriorating, indicating operational inefficiencies.

Balance Sheet

The company's balance sheet shows a moderate level of debt-to-equity, which is increasing over time. The equity ratio remains relatively stable, indicating that the company finances a significant portion of its assets through equity. However, the declining stockholders' equity and increasing liabilities are concerning, potentially indicating financial stress.

Cash Flow

Ucore Rare Metals' cash flow statement reflects negative free cash flow and operating cash flow, highlighting liquidity challenges. The company relies heavily on financing activities, which may not be sustainable in the long term. Free cash flow growth is negative, indicating cash constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-944.46K	-2.74M	-178.84K	-96.46K	-114.96K	-94.94K
EBITDA	-26.41M	-8.11M	-4.77M	-4.62M	-4.93M	-4.94M
Net Income	-32.39M	-13.47M	-7.61M	-5.47M	-5.51M	-5.53M
Balance Sheet
Total Assets	76.02M	62.06M	60.62M	53.24M	49.44M	46.70M
Cash, Cash Equivalents and Short-Term Investments	19.32M	627.52K	248.38K	2.26M	3.33M	1.04M
Total Debt	25.89M	15.14M	8.52M	3.70M	2.51M	4.54M
Total Liabilities	28.38M	20.41M	11.55M	5.02M	3.42M	5.28M
Stockholders Equity	47.65M	41.64M	49.08M	48.22M	46.03M	41.41M
Cash Flow
Free Cash Flow	-9.17M	-6.46M	-9.86M	-6.88M	-5.79M	-4.51M
Operating Cash Flow	-8.71M	-5.67M	-3.98M	-4.46M	-5.43M	-3.78M
Investing Cash Flow	-460.84K	-783.53K	-5.89M	-2.43M	1.20M	-724.27K
Financing Cash Flow	28.13M	6.83M	7.85M	5.82M	6.55M	2.70M

Ucore Rare Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.53
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:UCU, the sentiment is Positive. The current price of 8.53 is above the 20-day moving average (MA) of 6.48, above the 50-day MA of 6.61, and above the 200-day MA of 3.88, indicating a bullish trend. The MACD of 0.53 indicates Negative momentum. The RSI at 71.22 is Negative, neither overbought nor oversold. The STOCH value of 91.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:UCU.

Ucore Rare Metals Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
NMI	51 Neutral	C$49.94M	-47.73	-3.86%	―	―	―
UCU	50 Neutral	C$951.24M	-23.31	-75.16%	―	―	-58.77%
AVL	50 Neutral	C$62.60M	-9.52	-4.00%	―	―	-760.00%
GMA	50 Neutral	C$59.50M	-22.91	-102.86%	―	-100.00%	-33.58%
MKA	43 Neutral	C$340.25M	-16.16	―	―	―	-341.26%
LEM	40 Underperform	C$64.99M	-22.08	-12.25%	―	―	17.24%

Ucore Rare Metals Corporate Events

Ucore Backs U.S. Push for Domestic Rare Earth Processing as Policy Tailwinds Grow

Ucore Rare Metals has publicly endorsed new U.S. federal actions under Section 232 of the Trade Expansion Act that prioritize secure domestic and allied supply chains for processed critical minerals, emphasizing that processing capacity—not just mining—is the key bottleneck in rare earths. The company argues that these policy moves validate its strategy to build U.S.-based rare earth processing infrastructure, led by its planned Louisiana Strategic Metals Complex using its proprietary RapidSX separation technology, which is designed to be modular, rapidly scalable, environmentally efficient, and independent of Chinese equipment, potentially positioning Ucore to benefit from evolving trade, industrial, and national security policies that favor vertically integrated and allied-nation processing solutions.

The most recent analyst rating on (TSE:UCU) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Ucore Rare Metals stock, see the TSE:UCU Stock Forecast page.

Ucore Advances Rare Earth Processing with Louisiana Facility Plans

Ucore Rare Metals Inc. announced significant progress in the commercialization of its RapidSX™ rare earth element separation technology, which is set to transition from its current facility in Kingston, Ontario, to a new Strategic Metals Complex in Alexandria, Louisiana, by 2026. This development is part of a $22.4 million project with the U.S. Department of War, aiming to enhance U.S. capabilities in rare earth processing. The advancements include improved processing efficiency and environmental impact, positioning Ucore as a key player in the rare earth industry, with implications for stakeholders in terms of increased production capacity and reduced operational costs.

The most recent analyst rating on (TSE:UCU) stock is a Buy with a C$9.00 price target. To see the full list of analyst forecasts on Ucore Rare Metals stock, see the TSE:UCU Stock Forecast page.

Ucore Partners with VAC and eVAC for Rare Earth Oxide Supply

Ucore Rare Metals Inc. has formed a strategic alliance with Vacuumschmelze GmbH & Co. KG and eVAC Magnetics LLC to supply high-purity rare earth oxides. This collaboration aims to strengthen the supply chain for rare earth permanent magnets, which are crucial for industries such as defense, automotive, and renewable energy. The agreement will support Ucore’s refining operations in Louisiana and Ontario, enhancing the company’s market positioning and ensuring long-term access to critical raw materials for VAC and eVAC’s products.

The most recent analyst rating on (TSE:UCU) stock is a Buy with a C$14.50 price target. To see the full list of analyst forecasts on Ucore Rare Metals stock, see the TSE:UCU Stock Forecast page.

Ucore Secures $36.3M Canadian Funding for Rare Earth Processing Facility

Ucore Rare Metals Inc. has received conditional approval from the Government of Canada for up to $36.3 million in funding to develop a commercial processing facility in Kingston, Ontario. This facility will focus on refining samarium and gadolinium, critical rare earth elements essential for defense and technology applications. The funding aims to address supply chain gaps exacerbated by China’s export controls and strengthen North America’s position in the rare earth market. This project is part of Canada’s broader strategy to secure critical mineral supply chains and enhance national and economic security.

The most recent analyst rating on (TSE:UCU) stock is a Buy with a C$14.50 price target. To see the full list of analyst forecasts on Ucore Rare Metals stock, see the TSE:UCU Stock Forecast page.

Ucore Secures Yangibana Feedstock and Explores U.S. Processing Options

Ucore Rare Metals Inc. has signed a non-binding Heads of Agreement with Wyloo Gascoyne Pty Ltd and Hastings Technology Metals Ltd to secure a long-term supply of Yangibana rare earth concentrate and explore hydrometallurgical processing options in the United States, particularly in Louisiana. This agreement is a strategic move to establish a mine-to-oxide supply chain across trusted jurisdictions, supporting the U.S.-Australia Framework for critical minerals and rare earths, and enhancing Ucore’s position in the North American market. The collaboration aims to de-risk the Yangibana Project and leverage financing and commercial opportunities from recent U.S.-Australia government initiatives, ultimately reinforcing allied supply chains and reducing dependency on China.

The most recent analyst rating on (TSE:UCU) stock is a Buy with a C$14.50 price target. To see the full list of analyst forecasts on Ucore Rare Metals stock, see the TSE:UCU Stock Forecast page.

Ucore Supports G7’s Push for Critical Mineral Supply Chain Security

Ucore Rare Metals Inc. has commented on the G7 Energy and Environment Ministers’ Meeting, highlighting policy tools like offtakes with price supports, strategic stockpiling, and targeted financing to enhance North American rare earth independence. These measures are expected to improve market stability, reduce financing risks, and accelerate the domestic supply of rare earth oxides, thereby reducing reliance on concentrated sources and supporting regional refining capacity.

The most recent analyst rating on (TSE:UCU) stock is a Buy with a C$14.50 price target. To see the full list of analyst forecasts on Ucore Rare Metals stock, see the TSE:UCU Stock Forecast page.