NetworkNewsBreaks – Ucore Rare Metals Inc. (TSX.
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Posted On: 09/15/2023 4:33:42 PM
NetworkNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) on Track to Create Independent CM Supply Chain
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a company engaged in the exploration for and separation and scalable production of rare earth elements (“REEs”) in Canada and the US, is moving to become a major leader in its sector. “Just recently, the company announced the closing of the first tranche of its previously announced private placement offering of units of the company, for aggregate gross proceeds of $4,409,500, in what is set to be a key catalyst in advancing its RapidSX(TM) REE commercial demonstration plant in Kingston, Ontario,” a recent article reads. “On June 6, Ucore announced that the U.S. Department of Defense (‘DOD’) had awarded it a $4 million project grant… This, coupled with the first tranche private placement, not only bolsters Ucore’s working capital but also continues to stamp its position as a leader in its space. China controls over 36.7% of the world’s REE reserves, 63% of its mining capacity, and over 90% of its refining capacity. Ucore is out to eat into this market share and assert dominance and independence from this supply chain. Through its tried technology, the company has won over the U.S. government. With its aggressive yet strategic investments, the company is on track to create a critical metals (‘CM’) supply chain independent of China.”
Please see full terms of use and 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 company engaged in the exploration for and separation and scalable production of rare earth elements (“REEs”) in Canada and the US, is moving to become a major leader in its sector. “Just recently, the company announced the closing of the first tranche of its previously announced private placement offering of units of the company, for aggregate gross proceeds of $4,409,500, in what is set to be a key catalyst in advancing its RapidSX(TM) REE commercial demonstration plant in Kingston, Ontario,” a recent article reads. “On June 6, Ucore announced that the U.S. Department of Defense (‘DOD’) had awarded it a $4 million project grant… This, coupled with the first tranche private placement, not only bolsters Ucore’s working capital but also continues to stamp its position as a leader in its space. China controls over 36.7% of the world’s REE reserves, 63% of its mining capacity, and over 90% of its refining capacity. Ucore is out to eat into this market share and assert dominance and independence from this supply chain. Through its tried technology, the company has won over the U.S. government. With its aggressive yet strategic investments, the company is on track to create a critical metals (‘CM’) supply chain independent of China.”
Please see full terms of use and 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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