One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Ucore Rare Metals Inc.
UURAF · OQX · Basic Materials · Other Industrial Metals & Mining
Current price
$1.43
52-week range
$1.37 - $7.50
Market cap
$217.46M
Balance sheet
Healthy
-5.38x Concerning
Net cash $6.25M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
1 Risk
0 rewards · 1 risks
View details ↓What this company does
Ucore Rare Metals Inc.
Ucore Rare Metals Inc. is focused on finding and processing rare metals in Canada and Alaska. The money they expect to make comes from successfully mining these special metals, which are important for many modern technologies. This matters because having a reliable source of these metals is becoming increasingly crucial for the companies that build electronics and other advanced products.
How the company got here
Ucore Rare Metals Inc. was founded in 2006, originally as Ucore Uranium Inc., and later changed its name to focus on rare earth metals in 2010. The company's journey has been marked by a strategic shift from uranium exploration to becoming a technology-focused rare earth processing company. A key turning point was the acquisition of Innovation Metals Corp. in 2020, which brought with it the proprietary RapidSX™ separation technology. This acquisition positioned Ucore to address a critical bottleneck in the rare earth supply chain: the separation of mixed rare earth materials into individual, usable oxides. The company's evolution reflects a growing global demand for rare earth elements, which are essential for modern technologies.
What it actually does
Ucore Rare Metals is in the business of processing rare and critical metals. Think of it like this: raw materials containing rare earth elements are mined, but they come out as a mixed batch. Ucore's job is to take these mixed materials and separate them into individual, high-purity rare earth oxides. These oxides are the essential building blocks that manufacturers need to create advanced products like magnets for electric vehicles and wind turbines, as well as components for defense systems and electronics. Essentially, Ucore acts as a crucial intermediary, transforming raw potential into usable ingredients for high-tech industries.
Bokan-Dotson Ridge Project
Ucore holds a 100% interest in the Bokan-Dotson Ridge rare earth element project, located in Alaska. This project represents a potential source of rare earth resources for the company's future operations. While the company's current focus is on developing its separation technology and processing facilities, the Bokan-Dotson Ridge project remains a long-term strategic asset. It provides Ucore with optionality for securing its own feedstock, which is the raw material used in the separation process, should market conditions or strategic needs dictate.
Rare Earth Separation Technology (RapidSX™)
The core of Ucore's business strategy revolves around its proprietary RapidSX™ technology. This is a specialized process designed to efficiently separate mixed rare earth materials into individual rare earth oxides. Unlike traditional methods, RapidSX™ is presented as a faster and more effective way to achieve this separation. Ucore is actively working to commercialize this technology, which is seen as a key differentiator in the rare earth industry. The successful deployment of RapidSX™ is critical for Ucore to establish itself as a leading provider of rare earth separation services.
Louisiana Strategic Metals Complex (SMC)
Ucore's primary commercial processing facility is the Louisiana Strategic Metals Complex (SMC), located in Alexandria, Louisiana. This facility is being developed to implement the RapidSX™ technology on a commercial scale. The goal is to create a North American hub for rare earth processing, reducing reliance on foreign supply chains. The Louisiana SMC is designed to take in mixed rare earth feedstocks and produce qualified rare earth oxide products for downstream customers. This complex is central to Ucore's strategy of building a robust and independent rare earth supply chain.
What management is betting on now
Ucore's management is heavily focused on commercializing its RapidSX™ separation technology and establishing the Louisiana Strategic Metals Complex as a key rare earth processing facility. They are actively pursuing partnerships to secure diverse sources of feedstock (the raw materials for separation) and to establish offtake agreements with downstream customers who will purchase the final rare earth oxide products. A significant part of their strategy involves strengthening relationships with governments and allied nations to build a more resilient and secure North American rare earth supply chain, aiming to reduce global reliance on China for these critical materials.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $1.43
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $6.2M - more cash than debt. Interest coverage -5.4x.
Net debt
$-6.25M
Interest coverage
-5.38x
Ucore Rare Metals Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
UURAF
BASELINE
Ucore Rare Metals Inc.
Total debt $7.83M Interest coverage -5.38x This is the baseline the peer rows are being compared against.
Total debt $20.54B Interest coverage 6.92x This peer still has a real interest-payment cushion, while UURAF does not.
Total debt $88.71M Interest coverage -35.63x Neither company has much profit cushion over interest right now.
What you should know
The case for and against UURAF
0 Rewards
1 Risk
Rewards
Risks
-
Return on equity was -73.2% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
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P/B
3.55x
P/S
—
EV/EBITDA
-10.48x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-73.2%
ROA
-16.9%
Health
Liquidity and balance-sheet strength
Debt / equity
0.17x
Current ratio
1.68x
Quick ratio
1.64x
Total debt
$7.83M
Total cash
$14.07M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
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EPS TTM
-0.30
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-9.40M
Free CF TTM
$-10.02M
FCF margin
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Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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