MiningNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Executing Louisiana Project with Potential to Significantly Enhance North America’s Manufacturing Landscape
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a strategic metals supply chain-focused enterprise, has entered a multi-decade lease agreement with the administrators of the England Airpark in Alexandria, Louisiana. Under the agreement, Ucore will build and operate a Strategic Metals Complex (“SMC”) where it will separate and produce REEs and oxides that are deemed critical to computer technology-based industries. “Currently, REE mining and refining are controlled by The People’s Republic of China to a degree that approaches a virtual monopoly. The European Union imports 98% of its REE supply from China and the United States gets 78% of its REE…