Ucore Secures C$36.3 Million in Canadian Funding for Rare Earth Processing Facility – citybuzz

Ucore Secures C$36.3 Million in Canadian Funding for Rare Earth Processing Facility – citybuzz

Ucore Rare Metals Inc. has received conditional approval for up to C$36.3 million in funding from the government of Canada to support the development of a dedicated rare earth processing facility in Kingston, Ontario. The investment positions Ucore at the center of a strategy to reduce Western dependence on offshore separation and refining, particularly from China, which controls an estimated 70% of global rare earth mining and up to 90% of proc…