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Ucore Rare Metals
(UCU)
Select Model
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Rating:41Neutral
Price Target:
C$3.00
▲(0.00% Upside)
Action:Reiterated
Date:08/28/26
The score is driven primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn), reinforced by bearish technicals (price below key moving averages with negative MACD). Modest leverage and a meaningful equity base provide some balance-sheet resilience, but not enough to offset the current lack of operating traction.
Positive Factors
Modest Leverage
Lower leverage limits interest and refinancing pressure while the company develops its processing strategy. This provides more financial flexibility than a highly indebted structure, although it does not eliminate the need for future funding.
Negative Factors
No Demonstrated Revenue
The absence of reported revenue indicates that Ucore has not yet demonstrated commercial operating traction. Until facilities are financed, commissioned, supplied and qualified by customers, the planned processing model remains dependent on execution rather than recurring cash inflows.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest Leverage
Lower leverage limits interest and refinancing pressure while the company develops its processing strategy. This provides more financial flexibility than a highly indebted structure, although it does not eliminate the need for future funding.
Read all positive factors
Ucore Rare Metals (UCU) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$361.60M
Dividend YieldN/A
Average Volume (3M)475.08K
Price to Earnings (P/E)―
Beta (1Y)2.23
Revenue GrowthN/A
EPS Growth-138.33%
CountryCA
Employees8
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.43
Shares Outstanding141,802,100
10 Day Avg. Volume366,474
30 Day Avg. Volume475,083
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 Target
C$6.68Price Target Upside122.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.18
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 core revenue model is to earn processing fees and product margin from separating and refining mixed rare earth concentrates (or mixed rare earth chemical feedstocks) into individual separated rare earth oxides (and potentially oth...
Ucore Rare Metals Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very 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 | -2.28M | -2.74M | -2.74M | -178.84K | -96.46K | -114.96K |
| EBITDA | -36.23M | -33.72M | -8.11M | -4.77M | -4.62M | -4.93M |
| Net Income | -43.35M | -39.26M | -13.47M | -7.61M | -5.47M | -5.51M |
Balance Sheet | ||||||
| Total Assets | 83.34M | 83.58M | 62.06M | 60.62M | 53.24M | 49.44M |
| Cash, Cash Equivalents and Short-Term Investments | 19.88M | 26.11M | 627.52K | 248.38K | 2.26M | 3.33M |
| Total Debt | 11.05M | 10.50M | 15.14M | 8.52M | 3.70M | 2.51M |
| Total Liabilities | 16.75M | 12.42M | 20.41M | 11.55M | 5.02M | 3.42M |
| Stockholders Equity | 66.59M | 71.16M | 41.64M | 49.08M | 48.22M | 46.03M |
Cash Flow | ||||||
| Free Cash Flow | -18.47M | -15.20M | -6.46M | -9.86M | -6.88M | -5.79M |
| Operating Cash Flow | -14.23M | -14.53M | -5.67M | -3.98M | -4.46M | -5.43M |
| Investing Cash Flow | -4.26M | -875.97K | -783.53K | -5.89M | -2.43M | 1.20M |
| Financing Cash Flow | 25.83M | 40.89M | 6.83M | 7.85M | 5.82M | 6.55M |
Ucore Rare Metals Technical Analysis
Negative
3.00
Price Trends
3.56
Negative
4.55
Negative
5.64
Negative
Market Momentum
-0.27
Negative
35.78
Neutral
28.46
Neutral
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 3 is above the 20-day moving average (MA) of 2.82, below the 50-day MA of 3.56, and below the 200-day MA of 5.64, indicating a bearish trend. The MACD of -0.27 indicates Negative momentum. The RSI at 35.78 is Neutral, neither overbought nor oversold. The STOCH value of 28.46 is Neutral, 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% | |
53 Neutral | C$39.74M | -1.66 | -18.27% | ― | ― | -181.61% | |
48 Neutral | C$51.39M | -53.66 | -3.63% | ― | ― | -42.86% | |
45 Neutral | C$41.78M | -96.15 | -7.53% | ― | 3425.98% | 81.88% | |
45 Neutral | C$63.09M | -17.63 | -14.87% | ― | ― | -2.21% | |
44 Neutral | C$294.47M | -12.46 | 5723.40% | ― | ― | -483.50% | |
41 Neutral | C$361.60M | -5.91 | -67.67% | ― | ― | -138.33% |
* General Sector Average
TSE:UCU
Ucore Rare Metals
2.55
-1.30
-33.77%
TSE:AVL
Avalon Advanced Materials
8.56
1.36
18.89%
TSE:GMA
Geomega Resources
0.25
-0.03
-9.09%
TSE:NMI
Namibia Critical Metals Inc
0.22
0.14
175.00%
TSE:LEM
Leading Edge Materials
0.25
0.04
16.67%
TSE:MKA
Mkango Resources
0.76
0.08
11.76%
Ucore Rare Metals Corporate Events
Business Operations and StrategyProduct-Related Announcements
Ucore Proves RapidSX Can Deliver High-Purity NdPr from Multiple Rare Earth Sources
Positive
Aug 20, 2026
Ucore Rare Metals has validated the flexibility of its RapidSX separation technology by producing 99.5% neodymium-praseodymium (NdPr) from two distinct feedstock types at its Commercialization and Demonstration Facility in Kingston, Ontario. One b...
Business Operations and StrategyPrivate Placements and Financing
Ucore Raises C$69 Million in Bought Deal to Advance Louisiana Rare Earth Complex
Positive
Aug 13, 2026
Ucore Rare Metals Inc. has closed a bought deal public offering, raising gross proceeds of about C$69 million through the sale of more than 24.6 million common shares at C$2.80 per share, including full exercise of the over-allotment option. The f...
Business Operations and StrategyPrivate Placements and Financing
Ucore Raises C$60 Million in Bought Deal to Advance Louisiana Strategic Metals Complex
Positive
Aug 9, 2026
Ucore Rare Metals has launched a C$60 million bought deal public offering of 21,430,000 common shares at C$2.80 each, backed by a syndicate led by Red Cloud Securities and B. Riley Securities and anchored by a major global institutional investor. ...
Business Operations and StrategyPrivate Placements and Financing
Ucore Raises C$60 Million in Bought Deal to Advance Louisiana Strategic Metals Complex
Positive
Aug 7, 2026
Ucore Rare Metals Inc. has launched a bought deal public offering of 21,430,000 common shares at C$2.80 each, raising roughly C$60 million in gross proceeds from a syndicate led by Red Cloud Securities and B. Riley Securities, with support from a ...
Business Operations and StrategyProduct-Related Announcements
Ucore Finalizes RapidSX Scale-Up for Louisiana Rare Earth Refinery
Positive
Aug 5, 2026
Ucore has completed the RSX-1 scale-up verification program for its RapidSX™ rare earth separation equipment destined for the Louisiana Strategic Metals Complex. The campaign, supported in part by a US$20.4 million Department of War agreemen...
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.