Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Secures Multimillion-Dollar Funding from U.S. Department of Defense to Strengthen Rare Earth Independence
Despite the critical importance of rare earth element metals, the United States has long been dependent on imports to provide an adequate supply. Ucore has secured a $18.4 million funding agreement from the U.S. DoD to support the development of its rare earth processing facility in Louisiana. Ucore CEO notes that the funding validates the company’s technological leadership, underscores the strategic value of domestic REE processing. As global competition intensifies over the control and supply of critical minerals, the United States is taking aggressive steps to secure domestic sources of rare earth elements (“REEs”)—materials essential for defense systems, electronics and clean energy.…
