Curated News
By: NewsRamp Editorial Staff
June 02, 2025
Ucore Rare Metals Awarded $18.4M Contract to Construct Rare Earth Separation System in Louisiana
TLDR
- Ucore Rare Metals secures $18.4 million DoD award for commercial-scale rare earth separation system, gaining logistical and tax advantages.
- Ucore's funding supports engineering, permitting, and construction of a RapidSX(TM) machine for rare earth oxide processing starting in 2026.
- Ucore aims to establish a domestic supply chain for critical minerals, disrupting China's control, and enhancing the North American REE supply chain.
- Groundbreaking ceremony held for Ucore's facility in Louisiana, advancing technology to process rare earth oxides and create a sustainable supply chain.
Impact - Why it Matters
This news matters as it signifies a significant step towards establishing a domestic supply chain for critical minerals, reducing reliance on China. The project's success could have far-reaching implications for the U.S. economy and national security, making it crucial for stakeholders and investors to monitor.
Summary
Ucore Rare Metals has secured an $18.4 million contract from the U.S. Department of Defense to construct a commercial-scale rare earth separation system in Louisiana. The project aims to reduce U.S. dependency on China for critical minerals. The company continues to receive support from Canadian federal and provincial programs to establish a domestic supply chain.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Ucore Rare Metals Awarded $18.4M Contract to Construct Rare Earth Separation System in Louisiana
