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Posted On: 07/14/2025 5:41:14 PM
Post# of 285
NetworkNewsBreaks – 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 domestic REE supply chain amid rising geopolitical concerns.
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://nnw.fm/UURAF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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.
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://nnw.fm/UURAF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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