MiningNewsBreaks – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) Advances $18.4M Phase 2 DoD-Funded Rare Earth Facility in Louisiana
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…