NetworkNewsBreaks – Ucore Rare Metals Inc. (TSX.
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Posted On: 11/03/2023 4:31:31 PM
NetworkNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Introducing a More America-Centric Structure for REE Supply Chain
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a strategic metals supply chain-focused enterprise, is dedicated to securing the supply of rare earth elements (“REEs”) vital to modern computer technologies in North America. “The production and refining of REEs are largely controlled by The People’s Republic of China on the global market, and international tensions have served as a reminder that China’s supply of REEs could become costly and difficult,” a recent article reads. “Ucore is working with U.S. municipal, state and federal government entities as well as Canadian municipal, provincial and federal government entities to advance the company’s facility in Ontario for testing Ucore’s proprietary RapidSX(TM) processing solution for REEs, and a related commercial facility in Louisiana that will soon begin construction, according to SEDAR filings… Ucore is using its Ontario facility to demonstrate the advantage of its RapidSX(TM) solution over the industry standard, and the company will use the Louisiana facility to commercially work with REE feedstock, introducing a more America-centric structure for the supply chain. Currently, the United States gets 78% of its REE supply from China, and even the Mountain Pass Mine must send its mined REE feedstock overseas to be processed.”
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 strategic metals supply chain-focused enterprise, is dedicated to securing the supply of rare earth elements (“REEs”) vital to modern computer technologies in North America. “The production and refining of REEs are largely controlled by The People’s Republic of China on the global market, and international tensions have served as a reminder that China’s supply of REEs could become costly and difficult,” a recent article reads. “Ucore is working with U.S. municipal, state and federal government entities as well as Canadian municipal, provincial and federal government entities to advance the company’s facility in Ontario for testing Ucore’s proprietary RapidSX(TM) processing solution for REEs, and a related commercial facility in Louisiana that will soon begin construction, according to SEDAR filings… Ucore is using its Ontario facility to demonstrate the advantage of its RapidSX(TM) solution over the industry standard, and the company will use the Louisiana facility to commercially work with REE feedstock, introducing a more America-centric structure for the supply chain. Currently, the United States gets 78% of its REE supply from China, and even the Mountain Pass Mine must send its mined REE feedstock overseas to be processed.”
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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