The below is an extract of a realse from Ucore today. With major funding secured they will need to tie down feedstock for the plant end of 2026/2027. I'm expecting to see progress on the MOU into a binding offtake in the near term.
Ucore Announces:
- A US$18.4 million funding agreement with the US Department of Defense to launch its RapidSX™ Rare Earth Element Separation Technology toward full-scale operation, including:
- Expansion of the current $4M US DOD demonstration project
- Commercial-scale RapidSX™ production module construction and operations
- System engineering technology transfer from Ucore’s Canadian demonstration facility to its developing United States commercial facility
- Full-scale construction and ‘Early Production’ in Louisiana in H2-2026
“Ucore’s business model is founded on 1) collaboration with an array of like-minded upstream and downstream commercial and governmental partners and 2) the implementation of the next logical leap in commercial critical metals separation technology resulting from Western innovation,” stated Pat Ryan, Ucore Chairman and CEO. “Ucore is very appreciative to the US DOD for the opportunity, and potential future opportunities, which have now resulted in this dedicated expansion Project to full scale processing production.
“This US DOD Louisiana SMC funding agreement is a critical step for Ucore’s commercial advancements, but more importantly, for the progression of a Western rare earth supply chain, and North American critical metals security, which cannot exist without competitive critical metals processing on the world stage. ”
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The below is an extract of a realse from Ucore today. With major...
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