Blockchain Registration Transaction Record

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

Ucore Rare Metals secures $18.4M from DoD to develop a U.S. rare earth processing facility, aiming to reduce reliance on China and secure critical materials for defense and clean energy.

This development is crucial for the U.S. as it seeks to reduce its dependence on foreign sources of rare earth elements, which are vital for national defense, technology, and renewable energy sectors. By investing in domestic processing capabilities, the U.S. can secure a more stable and sustainable supply chain, mitigating risks associated with geopolitical tensions and supply disruptions. This move not only supports national security but also promotes environmental sustainability through the use of advanced, cleaner processing technologies.