Blockchain Registration Transaction Record

Ucore Secures $18.4M DoD Funding to Boost U.S. Rare Earth Independence

Ucore Rare Metals secures $18.4M from U.S. DoD to develop a rare earth processing facility, aiming to reduce reliance on foreign REE sources and strengthen domestic supply chains.

This development is crucial for reducing the U.S.'s dependency on foreign rare earth elements, which are vital for national defense, technology, and clean energy. By investing in domestic processing capabilities, the U.S. is taking a significant step towards securing its supply chain for these critical materials, enhancing national security and technological independence in an increasingly competitive global market.