Definitive Agreement For Investment Into Montana and Idaho Rare Earth Projects

VANCOUVER - US Critical Metals Corp. (USCM) and US Critical Materials Corp. have entered into a definitive agreement whereby USCM, through its wholly owned subsidiary, US Energy Metals Corp., will invest in rare earth projects, including the Sheep Creek Property in Ravalli County, Montana and Lemhi Pass Trail Property in Lemhi County, Idaho.

The Properties are located in the Montana-Idaho alkalic belt (Gammons, 2020b) and contain at least eleven of the critical risk elements defined by the US Geological Survey. The key elements identified on the Properties include neodymium and praseodymium. The Properties also contain cerium, dysprosium, europium, gadolinium, lanthanum, niobium, scandium, strontium, and gallium (Gammons, 2020a). These elements are critical inputs in the creation of electric vehicle batteries, various essential technologies, and military and defense applications. The majority of rare earth production is currently controlled by the Chinese government and represents a significant national security risk to US interest.