Ucore Rare Metals Inc. Advances Domestic REE Supply Chain with New Processing Facility

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) has taken a significant step toward establishing a domestic supply chain for rare earth elements (REEs) with the groundbreaking of its Louisiana Strategic Metals Complex (SMC) in Alexandria. This facility, the company's first commercial REE refining operation, is set to utilize Ucore's proprietary RapidSX(TM) technology, promising a more efficient and environmentally friendly method for REE separation. The project has garnered support from the U.S. Department of Defense, which has provided $18.4 million in funding, underscoring the strategic importance of developing domestic REE processing capabilities. The Louisiana SMC is poised to play a crucial role in reducing North America's reliance on foreign sources for these critical minerals, which are essential for a wide range of technologies, including renewable energy systems and defense applications.