B.Riley Starts Ucore Rare Metals (UURAF) at Buy

B.Riley analyst Nick Giles initiates coverage on Ucore Rare Metals (OTC: UURAF) with a Buy rating and a price target of $9.00.

The analyst comments: "We believe Ucore serves as a pure-play investment opportunity in the midstream separation step of the rare earth supply chain, thanks to its proprietary RapidSX Technology, which is poised to scale meaningfully in 2026E at the Louisiana Strategic Metals Complex. We see multiple potential catalysts ahead for UURAF that could drive the equity higher, including (1) development of the Louisiana Strategic Metals Complex for commercial scale TREO production in 2026E (and positive EBITDA in 2027E), (2) the translation of multiple upstream and downstream MOUs into definitive agreements, (3) the scale-up of a first-of-a-kind processing facility dedicated to samarium and gadolinium, and (4) any escalation in China's curbs on rare earths or increased incentives for U.S. producers, such as price floors. On a fully scaled Louisiana facility, UURAF trades at 5x 2028E EV/EBITDA, based on our estimates."

For an analyst ratings summary and ratings history on Ucore Rare Metals click here. For more ratings news on Ucore Rare Metals click here.

Shares of Ucore Rare Metals closed at $3.77 yesterday.

You May Also Be Interested In