Ucore Ltd

Ucore Ltd is a small, active company based in Nottingham, UK, founded nine years ago in 2015. It’s a solo founder operation with one employee and £4,856 in assets, operating from a virtual address shared by many other companies. The company has two directors and is owned by Burke Michael Anthony.

The company's primary activity is retail sale via mail order houses or via internet. However, a deep dive into its website reveals a much larger ambition: securing North America’s critical metals industry. Ucore Rare Metals Inc. is focused on developing and commercializing RapidSX, a patent-pending technology designed to separate rare earth elements (REEs) – a crucial step in ending China’s dominance of the REE supply chain. The company plans to operate a Strategic Metals Complex (SMC) in Louisiana, scaling production from 2,000 tonnes per annum to over 5,000 tonnes by 2026, with potential to reach 7,500 tonnes by 2027. This ambitious plan is supported by federal funding from both the U.S. and Canada.

Financially, Ucore Ltd presents a mixed picture. Net assets are currently at -£72,000, a significant decrease from the previous year, and cash reserves are minimal at just £31. Liabilities have increased, and bank borrowings are at £77,000. While creditors have also risen, the company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain agile. The lack of an auditor, due to its small company status, means the figures are unaudited. The company is reliant on the continued support of the director.

Despite the financial challenges, Ucore Ltd’s focus on a high-growth sector—critical minerals—and its innovative technology suggest a potential for future success. It's a high-risk, high-reward venture, and the company’s ability to secure funding and scale its operations will be key to its long-term viability.

Registered in England/Wales under the registration number 09776961, with a registered address at NG5 1JJ, England, Nottingham, 550 Valley Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.