B. Riley Securities, a full-service investment bank, acted as co-lead underwriter in a bought deal public offering for Ucore Rare Metals, which closed on Aug. 13, 2026, raising aggregate gross proceeds of C$69,004,600, including the full exercise of the over-allotment option. Ucore issued a total of 24,644,500 common shares at a price of C$2.80 per share.
Ucore intends to use the net proceeds to fund the ongoing development of its Louisiana Strategic Metals Complex (SMC), a pivotal step in the company’s vision to support a more diversified and resilient North American Rare Earth Elements (REE) supply chain, as well as for working capital and general corporate purposes.
B. Riley Securities’ deal team was led by Ernie Dahlman and Ryan Aceto with Chad Ritchie, Dawn Farrell, Kathy Innis, Noah Rich, Bishal Ghosh and Lauren Ravalli.
