Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Ideally Positioned to Help Solve Impending REE Supply Crisis
June 12 2023 - 8:30AM
NetworkNewsAudio –
Ucore Rare Metals Inc. (TSX.V: UCU)
(OTCQX: UURAF) announces the availability of a broadcast
titled, “The Supply Crisis for Rare Earth Elements Intensifies.”
To hear the AudioPressRelease, please visit: The
NetworkNewsAudio News Podcast
To view the full editorial, please
visit: https://nnw.fm/HpMUe
For more than 15 years, Ucore Rare Metals Inc. (TSX.V:
UCU) (OTCQX: UURAF) has been an important part of the rare
earth market, developing technology to disrupt the status quo of
rare earth elements. The company is now in a position to help solve
the impending supply crisis by assisting with the creation of an
independent supply chain of rare earth oxides for North American
manufacturers. Ucore has differentiated itself with a unique
approach that focuses on the most profitable sector of the supply
chain, processing material and avoids the risks of large CAPEX
requirements.
Ucore is fast approaching a launch point as it commissions a
commercial demonstration plant in Canada that uses RapidSX(TM) (SX
is short for “solvent extraction”), a proprietary metals separation
technology wholly owned by Ucore that is not merely an alternative
to Chinese technology but is also potentially better than anything
in use today. Going forward, Ucore is also designing a full-size
plant in the United States to supply rare earths to North American
customers. Ucore is collaborating with suppliers of rare earth
mixed concentrates from outside China, as well as end users of
these oxides including OEM Automotive manufacturers.
And now, Ucore has caught the attention of what could be a
milestone “company maker” partner: the U.S. government.
About Ucore Rare Metals Inc.
Ucore is focused on rare- and critical-metal resources,
extraction, beneficiation and separation technologies with the
potential for production, growth and scalability. Ucore’s vision
and plan is to become a leading advanced technology company,
providing best-in-class metal separation products and services to
the mining and mineral extraction industry. Through strategic
partnerships, this plan includes disrupting the People’s Republic
of China’s control of the North American REE supply chain through
the near-term development of a heavy and light rare-earth
processing facility in the U.S. state of Louisiana, subsequent SMCs
in Canada and Alaska and the longer-term development of Ucore’s
100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince
of Wales Island in Southeast Alaska, USA. Ucore is listed on the
TSXV under the trading symbol UCU and in the United States on the
OTC Markets’ OTCQX(R) Best Market under the ticker symbol UURAF.
For further information, please visit
www.Ucore.com/corporateupdate.
NOTE TO INVESTORS: The latest news and
updates relating to UURAF are available in the company’s newsroom
at https://ibn.fm/UURAF
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