Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) recently secured an $18.4 million phase 2 award from the U.S. Department of Defense (“DoD”) to accelerate the engineering, procurement and site work for its Louisiana Strategic Metals Complex (“LA SMC”), reinforcing its leadership in domestic heavy rare earth element (“HREE”) supply. “Ucore’s RapidSX(TM) column-based solvent extraction platform, already proven under phase 1 funding, is central to the company’s mission to break reliance on China-controlled legacy REE separation methods,” reads a recent article. “The phase 2 award expands an earlier $4 million phase 1 demonstration project and supports detailed engineering, long-lead equipment procurement and early-stage construction at the LA SMC in Alexandria, Louisiana… Phase 2 is intended to scale RapidSX to commercial readiness and position Ucore for mechanical completion of the facility in late 2026 with minimal equity dilution.”
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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 development of a heavy and light rare-earth processing facility in the U.S. state of Louisiana, subsequent strategic metals complexes (“SMCs”) 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. For more information, visit the company’s website at www.Ucore.com.
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF
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