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Ucore Rare Metals Secures $18.4 Million from U.S. Department of Defense to Boost Rare Earth Independence

Summary by Evertise
The U.S. Department of Defense has awarded Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) an $18.4 million funding agreement to advance the development of a rare earth processing facility in Louisiana. This initiative is a critical component of the United States’ strategy to diminish its dependence on imported rare earth elements (REEs), which are vital for national defense, technology, and clean energy solutions. Currently, China dominates …
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Evertise broke the news in on Monday, June 30, 2025.
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