Curated News
By: NewsRamp Editorial Staff
July 14, 2025
Ucore Launches $18.4M DoD Project to Boost US Rare Earth Supply
TLDR
- Ucore Rare Metals secures a USD$18.4 million Phase 2 Award from the U.S. Department of Defense, offering a strategic advantage in the rare earth elements market.
- Ucore's Phase 2 Award supports the construction of a RapidSX(TM) rare earth processing unit in Louisiana, focusing on heavy rare earth elements for defense and technology.
- Ucore's project strengthens the domestic REE supply chain, reducing reliance on foreign sources and supporting sustainable corporate practices in the rare earth sector.
- Ucore achieves key separation milestones with a USD$4 million Phase 1 Award, advancing towards early production of rare earth products in Louisiana.
Impact - Why it Matters
The development of a domestic rare earth elements (REE) supply chain is critical for national security and technological advancement, reducing reliance on foreign sources like China. Ucore's project not only supports the U.S. defense sector but also promotes sustainable and secure supply chains for advanced technologies, impacting industries from renewable energy to consumer electronics.
Summary
Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) has officially launched its USD$18.4 million Phase 2 Award from the U.S. Department of Defense, aimed at constructing the first commercial-scale RapidSX(TM) rare earth processing unit in Louisiana. This initiative is crucial for processing heavy rare earth elements (HREEs), essential for defense and advanced technologies. Following a USD$4 million Phase 1 Award, Ucore has made significant progress, including achieving key separation milestones and receiving over $3.35 million to date. The company is on track to produce salable rare earth products soon, bolstering the domestic REE supply chain amidst growing geopolitical tensions. For more details, visit the full press release.
Ucore's strategy involves disrupting China's dominance in the North American REE supply chain by establishing processing facilities in Louisiana, Canada, and Alaska, including the Bokan-Dotson Ridge Rare Heavy REE Project in Alaska. Listed on TSXV and OTCQX, Ucore is poised to become a leader in metal separation technologies. Investors can stay updated through the company's newsroom at https://ibn.fm/UURAF.
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Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Ucore Launches $18.4M DoD Project to Boost US Rare Earth Supply
