When was Ucore Rare Metals founded?

Ucore Rare Metals was founded in 2006 and raised its 1st funding round 4 years after it was founded.

Where is Ucore Rare Metals located?

Ucore Rare Metals is headquartered in Halifax, Canada.

How many employees does Ucore Rare Metals have?

As of May 27, 2025, the latest employee count at Ucore Rare Metals is 49.

Is Ucore Rare Metals a funded company?

Ucore Rare Metals is a funded company, having raised an undisclosed amount across 15 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Jun 30, 2010.

When was the latest funding round of Ucore Rare Metals?

Ucore Rare Metals' latest funding was a $***** Post IPO round on Jun 19, 2025, with participation from 0 investor. Its primary sector is Mining Companies. In Canada, the Mining Companies sector has seen $2.92B in funding in 2026 to date.

Where does Ucore Rare Metals rank among its competitors?

Ucore Rare Metals ranks 8th amongst 221 active competitors, of which 9 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Torngat Metals, which secured $32.4M in Apr, 2026.

Who are the top competitors of Ucore Rare Metals?

Ucore Rare Metals' top competitors include USA Rare Earth, MP Materials and Mkango. Among them, Torngat Metals secured the most recent funding round in April, 2026.

Ucore Rare Metals - 2026 Company Profile, Funding & Competitors

Ucore Rare Metals is a public company based in Halifax (Canada), founded in 2006. It operates as a Developer of rare earth element separation technology. Ucore Rare Metals has raised an undisclosed amount in funding. The company has 221 active competitors, including 9 funded and 79 that have exited. Its top competitors include companies like USA Rare Earth, MP Materials and Mkango.

Company Details

Developer of rare earth element separation technology. This technology aims to improve the efficiency and cost-effectiveness of rare earth element processing. It is designed to be scalable and adaptable to various feedstocks. The company is focused on commercializing this technology through dedicated processing facilities. The technology is environmentally friendly and has received government funding to support its commercialization efforts.

Website: ucore.com
Social
Email ID: *****@ucore.com
Phone Number: +1 **********

Key Metrics

Founded Year

2006

Location

Halifax, Canada

Stage

Public

Latest Funding Round

Post IPO, Jun 19, 2025, $*****

Investors

Research Capital & 4 more

Ranked

8^th among 221 active competitors

Employee Count

49 as on May 27, 2025

Investment & Acquisitions

Innovation Metals

Similar Companies

USA Rare Earth & 243 more

Exit Details

Public

View Ucore Rare Metals' full profile

Ucore Rare Metals got listed on Mar 03, 2006.

Click here to take a look at Ucore Rare Metals's IPO in detail

Ucore Rare Metals has raised funding over 15 rounds. Its first funding round was on Jun 30, 2010. Ucore Rare Metals has 5 institutional investors.

Here is the list of recent funding rounds of Ucore Rare Metals:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 19, 2025	4964837	Post IPO	6522743	4195797	2135043	9799080
Jun 09, 2025	3207542	Post IPO	4417560	1149371	8004543	8891714
Jan 31, 2025	8915229	Post IPO	5656616	1335129	2693465	Hondo Private Equity

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View details of Ucore Rare Metals's funding rounds and investors

Ucore Rare Metals' employee count trend

Ucore Rare Metals has 49 employees as of May 25. Here is Ucore Rare Metals's employee count trend over the years:

Employee count trend for Ucore Rare Metals

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Top competitors of Ucore Rare Metals include USA Rare Earth, MP Materials and Mkango. Here is the list of Top 10 competitors of Ucore Rare Metals, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	USA Rare Earth 2013, Tampa (United States), Public	Provider of heavy rare earth metals exploration & development services	$58.3M	Evolution VC Partners, Green Sands Equity ... & 2 others	55/100
2nd	MP Materials 1952, Las Vegas (United States), Public	Provider of earth metals processing and exploration services	-	Hancock Prospecting, Sahsen Ventures & 2 others	53/100
3rd	Mkango 2007, Vancouver (Canada), Public	Developer of sustainable rare earth magnet recycling technologies and supplier of rare earth materials	-	Jubcap, EIT RawMaterials & 10 others	52/100
4th	Pensana Rare Earths 2006, London (United Kingdom), Public	Manufacturer of magnet metals for green energy applications	-	Cascade Natural Resources, Innovate UK & 5 others	52/100
5th	Rainbow Rare Earths 2011, London (United Kingdom), Public	Mining and exploration company focused on rare earth deposits	$12M	Chrystal Capital, The Lind Partners & 2 others	51/100
6th	Highlander Silver 2021, Port Moody (Canada), Public	Provider of mineral exploration services	$31.5M	-	51/100
7th	Hastings Technology Metals 2006, Perth (Australia), Public	Rare earths company producing & supplying earths permanent magnet sector	-	Cadence, AlphaIP & 4 others	50/100
8th	Ucore Rare Metals 2006, Halifax (Canada), Public	Developer of rare earth element separation technology	-	Research Capital, Ontario Canada & 3 others	48/100
9th	Torngat Metals 2018, Montreal (Canada), Series C	Developer of a rare earth elements mine and separation plant	$104M	Cerberus Capital Management	48/100
10th	Perseverance Metals 2021, Vancouver (Canada), Public	Minerals exploration company with a focus on the critical minerals project	$3.24M	Teck, SIDEX & 1 others	48/100