Blockchain Registration Transaction Record

Ucore Secures C$36.3M to Build Rare Earth Processing Hub in Ontario

Ucore Rare Metals wins C$36.3M in Canadian funding to develop a rare earth processing facility in Kingston, using proprietary tech to reduce North American reliance on China.

This news matters because rare earth elements are fundamental to modern technology, powering everything from smartphones and electric vehicles to military equipment and renewable energy systems. Currently, North America and its allies are dangerously dependent on China, which controls the vast majority of global processing capacity. This creates a strategic vulnerability for supply chains, national security, and the green energy transition. Ucore's project, supported by significant government investment, represents a concrete step toward building sovereign, secure, and ethical supply chains for these critical materials. Success would not only enhance economic resilience and create high-value jobs in Canada but also reduce geopolitical risks, ensuring that the technologies driving a cleaner future and stronger defense are not held hostage by foreign monopolies.