Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) announced the formal launch of its USD$18.4 million Phase 2 Award from the U.S. Department of Defense, supporting construction of the company’s first commercial-scale RapidSX(TM) rare earth processing unit at its Louisiana facility. The project focuses on heavy rare earth elements (HREEs), vital to defense and advanced technologies. In parallel with a USD$4 million Phase 1 Award, Ucore recently achieved key separation milestones and has received over $3.35 million to date. With near-term milestones underway, including facility and column design, Ucore aims to achieve early production of salable rare earth products, further strengthening a domestic REE supply chain amid rising geopolitical concerns.
To view the full press release, visit https://ibn.fm/OqghK
About Ucore Rare Metals Inc.
Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore’s vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.
Through strategic partnerships, this plan includes disrupting the People’s Republic of China’s control of the North American REE supply chain through the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana, subsequent Strategic Metal Complexes in Canada and Alaska and the longer-term development of Ucore’s 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA.
Ucore is listed on the TSXV under the trading symbol “UCU” and in the United States on the OTC Markets’ OTCQX(R) Best Market under the ticker symbol “UURAF.”
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