NetworkNewsBreaks – Ucore Rare Metals Inc. (TSX.
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Posted On: 04/19/2023 4:49:37 PM
NetworkNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Eyeing Opportunity in Multibillion Rare Oxide Market
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a critical metals separation technology company executing an ESG-centered plan to establish a comprehensive North American critical metals supply chain, is gaining attention thanks to the commissioning of its demonstration plant in Kingston, Ontario. “The company is positioning itself to fulfill North America’s unmet rare earth element (‘REE’) and rare earth oxide (‘REO’) needs through commercial production plants, with the first expected to be operational by the end of 2024 in Louisiana… Over the last few years, Ucore has invested about $10 million in the demonstration plant and its RapidSX(TM) technology. RapidSX(TM) is a westernized form of solvent extraction using fewer chemicals, quicker throughput, less capital expenditure and better operational expenditure,” a recent article reads. “Ucore CEO Pat Ryan stated that the individual rare oxide market is expected to reach $32 billion by the decade’s end, with approximately $16 billion belonging to the ex-China market. Ucore is targeting 20% of that market, with the commercial plant in Louisiana expected to take on one-third of that capacity. Additionally, Ucore plans to engineer a second and third commercial plant to handle the remaining capacity in the future.”
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), a critical metals separation technology company executing an ESG-centered plan to establish a comprehensive North American critical metals supply chain, is gaining attention thanks to the commissioning of its demonstration plant in Kingston, Ontario. “The company is positioning itself to fulfill North America’s unmet rare earth element (‘REE’) and rare earth oxide (‘REO’) needs through commercial production plants, with the first expected to be operational by the end of 2024 in Louisiana… Over the last few years, Ucore has invested about $10 million in the demonstration plant and its RapidSX(TM) technology. RapidSX(TM) is a westernized form of solvent extraction using fewer chemicals, quicker throughput, less capital expenditure and better operational expenditure,” a recent article reads. “Ucore CEO Pat Ryan stated that the individual rare oxide market is expected to reach $32 billion by the decade’s end, with approximately $16 billion belonging to the ex-China market. Ucore is targeting 20% of that market, with the commercial plant in Louisiana expected to take on one-third of that capacity. Additionally, Ucore plans to engineer a second and third commercial plant to handle the remaining capacity in the future.”
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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