Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Stands Out in Nascent Market with Transformative Technology
June 08 2023 - 8:30AM
via InvestorWire —
Ucore Rare Metals Inc. (TSX.V: UCU)
(OTCQX: UURAF) today announces its placement in an
editorial published by NetworkNewsWire ("NNW"), one of 50+ trusted
brands within the InvestorBrandNetwork (“IBN”), a multifaceted
financial news and publishing company for private and public
entities.
To view the full publication, “The Supply Crisis for Rare Earth
Elements Intensifies,”please visit: https://nnw.fm/HpMUe
The transition from fossil fuels to electrification has created
a huge increase in demand for rare earth oxides and demand is
expected to get much larger. Rare earth oxides are irreplaceable
elements integral to permanent magnets, critical components in
electric vehicles and sustainable power generation equipment,
especially windmills. About 90% of all permanent magnets are
currently produced in China, which is now considering banning or
restricting exports of technology to process and refine rare-earth
elements. . . .
Governments in North America and across the world have voiced
extreme urgency in reshaping supply chains to reduce dependence
upon China and achieve clean energy mandates. Only a few companies
can be called leaders in a nascent yet potentially explosive
market. Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX:
UURAF) stands out with its transformative technology,
RapidSX(TM), for separating and purifying critical metals.
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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