How Is US1 Critical Minerals Ltd (ASX:USC) Shares Moving Higher Today?

Sonal Goyal

03 November 2026 03:09 PM AEDT

How Is US1 Critical Minerals Ltd (ASX:USC) Shares Moving Higher Today?

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Key Highlights

US1 Critical Minerals shares rose 15.39% to $0.015 in the 3 November 2026 trading session, while the S&P/ASX 200 gained 0.14%.
The Quarterly Report for the period ended 30 September 2026 covers an unresolved dispute over US rare earths tenements that is before the Federal Court.
The company has agreed to transfer six Tanzanian uranium licences to Bradda Head Lithium.

During the Trading session on 3 November 2026, US1 Critical Minerals Ltd (ASX:USC) shares rose 15.39% to $0.015. The S&P/ASX 200 (ASX:XJO) was up 0.14%, or 12.50 points, at 8,869.00 at 2:42 pm (GMT+11) on the same day. US1 Critical Minerals is an Australian company with rare earths and uranium interests. Its latest update is the quarterly activities report and Appendix 5B for the quarter ended 30 September 2026.

US rare earths dispute

The company entered an agreement with Apex USA Resources LLC to identify and develop rare earths tenements in the United States. A dispute has since arisen with Stephen Baghdadi, Dateline Resources Limited and others over certain tenements in California. The company and Apex have commenced proceedings in the Federal Court, and the court has reserved judgment.

Status quo undertaking

Mr Baghdadi and Dateline, including its subsidiaries, have given the court an undertaking not to encumber, sell or otherwise disturb the tenements without 14 days' written notice to the company and Apex, or until further court order.

Tanzanian uranium licences

In September 2026, the company agreed to transfer six licences in Tanzania to Bradda Head Lithium, a company listed on the London Stock Exchange AIM market. The licences relate to the Mkuju uranium area.

Sector context

The S&P/ASX 200 gained 0.14% during the session. Rare earths and uranium interests are subject to government policy and market conditions, and the report does not comment on either.

Risks

The court has reserved judgment, so the outcome of the dispute is not yet known. Any ruling could affect the company's access to the US tenements. The Tanzanian licence transfer depends on the terms of the agreement and any approvals.

What lies ahead

The next steps include the Federal Court judgment, any further submissions, and the completion of the Tanzanian licence transfer.

Final Word

The quarter was dominated by legal proceedings in the United States and a licence transfer in Tanzania.

FAQs

Q: How did US1 shares trade on 3 November 2026?

A: During the trading session, shares rose 15.39% to $0.015, while the S&P/ASX 200 gained 0.14%.

Q: Has the US dispute been resolved?

A: No. The Federal Court has reserved judgment, according to the quarterly report.

Q: What licences are being transferred?

A: Six Tanzanian licences are to be transferred to Bradda Head Lithium, according to the report.

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