NetworkNewsBreaks – Ucore Rare Metals Inc. (TSX.
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Posted On: 10/20/2023 4:57:43 PM
NetworkNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Executing Louisiana Project with Potential to Significantly Enhance North America’s Manufacturing Landscape
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a strategic metals supply chain-focused enterprise, has entered a multi-decade lease agreement with the administrators of the England Airpark in Alexandria, Louisiana. Under the agreement, Ucore will build and operate a Strategic Metals Complex (“SMC”) where it will separate and produce REEs and oxides that are deemed critical to computer technology-based industries. “Currently, REE mining and refining are controlled by The People’s Republic of China to a degree that approaches a virtual monopoly. The European Union imports 98% of its REE supply from China and the United States gets 78% of its REE supply from China… Ucore’s advancing SMC complex in Louisiana is central to the company’s plan to build that Western supply chain, starting with the refining of mined product,” a recent article reads. “The overall state and local support we are receiving for the establishment of one of the first modern rare earth element processing facilities in North America has been an amazing experience… We are diligently working to execute a Louisiana project that has the potential to significantly enhance the manufacturing landscape across North America as the world shifts to electrification,” Ucore VP and COO Mike Schrider is quoted as saying.
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Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a strategic metals supply chain-focused enterprise, has entered a multi-decade lease agreement with the administrators of the England Airpark in Alexandria, Louisiana. Under the agreement, Ucore will build and operate a Strategic Metals Complex (“SMC”) where it will separate and produce REEs and oxides that are deemed critical to computer technology-based industries. “Currently, REE mining and refining are controlled by The People’s Republic of China to a degree that approaches a virtual monopoly. The European Union imports 98% of its REE supply from China and the United States gets 78% of its REE supply from China… Ucore’s advancing SMC complex in Louisiana is central to the company’s plan to build that Western supply chain, starting with the refining of mined product,” a recent article reads. “The overall state and local support we are receiving for the establishment of one of the first modern rare earth element processing facilities in North America has been an amazing experience… We are diligently working to execute a Louisiana project that has the potential to significantly enhance the manufacturing landscape across North America as the world shifts to electrification,” Ucore VP and COO Mike Schrider is quoted as saying.
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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