Blockchain Registration Transaction Record

Ucore Secures Decade-Long Greenland Rare Earth Supply for US Independence

Ucore Rare Metals signs 10-year LOI with Critical Metals for Greenland rare earth supply to Louisiana processing plant, boosting North American mineral independence and clean energy future.

This development matters because rare earth elements are fundamental to modern technology, including electric vehicles, wind turbines, smartphones, and defense systems. Currently, China dominates over 80% of global rare earth production and processing, creating significant supply chain vulnerabilities for Western nations. By establishing a North American supply chain through this Greenland-to-Louisiana partnership, the agreement enhances U.S. national security, supports the clean energy transition, and reduces geopolitical risks associated with critical mineral dependencies. For consumers and industries, this means more stable pricing, reduced supply disruptions, and accelerated adoption of green technologies that rely on these essential materials.