Ucore Rare Metals Secures Decade-Long Greenland Rare Earth Supply for Louisiana Processing Facility

Ucore Rare Metals Inc. has signed a letter of intent with Critical Metals Corp. to secure up to 10,000 metric tons of heavy rare earth concentrate annually starting in 2027, anchoring a reliable feedstock for its Department of Defense-supported Louisiana facility. The LOI sets the stage for a potential decade of supply from Critical Metals' Tanbreez project in southern Greenland, which hosts a massive deposit of eudialyte rich in heavy rare earth elements. This agreement links Greenland's vast rare earth deposits with Louisiana's growing role as a U.S. processing hub, poised to shift the balance of critical mineral independence in North America.

The timing of this agreement is particularly significant given the surging demand for rare earths globally. The Louisiana facility is being designed as a first-of-its-kind rare earth separation plant capable of processing both light and heavy rare earths at commercial scale. With Greenland's Tanbreez Project recognized as one of the world's largest undeveloped rare earth resources and Louisiana strategically positioned as an industrial gateway, this agreement underscores Ucore's mission to build a fully integrated, North American supply chain for the technologies that will power the clean energy future and strengthen national security.

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