Ucore funds path to commercial rare earth element production

Ucore and U.S. DOD agree on US$18.4 construction funding – Resource World Magazine

Ucore Rare Metals Inc. [UCU-TSXV, UURAF-OTQX] said it has reached a firm fixed-price agreement for an US$18.4 million increase to its current US$4.0 million other transaction agreement with the U.S. Army Contracting Command – Orlando. The purpose of the additional financing is to facilitate the construction of a production ready commercial RapidSX machine and supporting infrastructure in Alexandria, La. “This U.S. DOD Louisiana SMC funding agree…

Ucore funds path to commercial rare earth element production

Ucore Rare Metals (TSXV:UCU) signed an agreement for an US$18.4 million increase to its existing deal with the US Army Contracting Command-Orlando The added funding will go towards the construction of an initial production-ready RapidSX machine in Alexandria, Louisiana, deploying the company’s rare earth element separation technology at commercial scale Ucore specializes in rare earth element and critical metal resources extraction, beneficiatio…

Ucore Rare Metals Inc. (TSXV:UCU) - Additional US$18.4M Agreement Reached with US DoD - Research Portal

Ucore has reached an agreement with the US DoD to increase its existing, US$4M Other Transaction Agreement (OTA) by an additional US$18.4M. The aim of this additional US$18.4M funding is to facilitate the construction of a production-ready, commercial Rapid SXTM machine and supporting infrastructure at Ucore’s planned Strategic Metals Complex (SMC) in Alexandria, Louisiana. We view this announcement very positively as it provides the company with