Ucore Congratulates Hastings on its Acquisition of a Mixed Rare Earth Chloride Production Facility and Updates on Supply Discussions

Halifax, Nova Scotia--(Newsfile Corp. - March 31, 2026) -   Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to acknowledge the recent announcement by it's partner, Hastings Technology Metals Limited ("Hastings"), in partnership with Wyloo , regarding the acquisition of a fully-permitted hydrometallurgical mixed rare earth chloride ("MREC") production facility in Thailand. Ucore congratulates Hastings and Wyloo ("the Yangibana Joint Venture Partners") on this strategic acquisition, which is expected to accelerate their ability to process third-party monazite feedstock prior to development of the Yangibana Project.