NetworkNewsBreaks – Ucore Rare Metals Inc. (TSX.
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Posted On: 04/05/2023 5:21:45 PM
NetworkNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Focused on Recreating Mid-Market REE Supply Chain in North America
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) is engaged in the exploration for and separation and scalable production of rare earth elements (“REEs”) in Canada and the U.S. The company is out to ensure that China’s dominance in REE production and processing does not leave vulnerable those North American companies that are particularly reliant on critical rare earth elements. “This comes at a timely juncture, especially considering the degrading China-U.S. relationship. To achieve this, Ucore is looking at the means of REE processing used in China and trying to find better ways to do that in North America, thereby taking back control of the supply chain. According to the company’s November 2022 investor presentation, the REE supply chain comprises three main segments – the upstream, midstream, and downstream – with each made up of two supply nodes. The upstream consists of REE ore and REE mineral concentrate production, the midstream features the production of REE chemical concentrate and REE oxides, and the downstream is made up of the manufacturing/production of REE metals and alloys and REE-based magnets and components,” a recent article reads. “Ucore is focused on finding U.S.-allied friendly feedstocks to the left – upstream – [processing the feedstocks], and then feeding them into customers downstream that want to find an ex-China solution to be able to make things work for them. That mid-market is where China has taken control. That’s where Ucore will make a difference… We are taking advantage of recreating the mid-market in North America, which is crucial to recreating the supply chain,” Ucore CEO and Chairman Pat Ryan is quoted as saying.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) is engaged in the exploration for and separation and scalable production of rare earth elements (“REEs”) in Canada and the U.S. The company is out to ensure that China’s dominance in REE production and processing does not leave vulnerable those North American companies that are particularly reliant on critical rare earth elements. “This comes at a timely juncture, especially considering the degrading China-U.S. relationship. To achieve this, Ucore is looking at the means of REE processing used in China and trying to find better ways to do that in North America, thereby taking back control of the supply chain. According to the company’s November 2022 investor presentation, the REE supply chain comprises three main segments – the upstream, midstream, and downstream – with each made up of two supply nodes. The upstream consists of REE ore and REE mineral concentrate production, the midstream features the production of REE chemical concentrate and REE oxides, and the downstream is made up of the manufacturing/production of REE metals and alloys and REE-based magnets and components,” a recent article reads. “Ucore is focused on finding U.S.-allied friendly feedstocks to the left – upstream – [processing the feedstocks], and then feeding them into customers downstream that want to find an ex-China solution to be able to make things work for them. That mid-market is where China has taken control. That’s where Ucore will make a difference… We are taking advantage of recreating the mid-market in North America, which is crucial to recreating the supply chain,” Ucore CEO and Chairman Pat Ryan is quoted as saying.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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