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The CMI Summit III Welcomes Pat Ryan of Ucore Rare Metals as Keynote Speaker: "Breaking China's Rare Earth Supply Chain Control with Western Innovation"
Toronto, Ontario--(Newsfile Corp. - August 9, 2024) - The Critical Minerals Institute (CMI) is pl...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"The CMI Summit III Welcomes Pat Ryan of Ucore Rare Metals as Keynote Speaker: \"Breaking China's Rare Earth Supply Chain Control with Western Innovation\"Toronto, Ontario--(Newsfile Corp. - August 9, 2024) - The Critical Minerals Institute (CMI) is pleased to announce that Pat Ryan, P.Eng., Chairman & CEO, Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF), will be a keynote speaker at the upcoming CMI Summit III. This two-day event, themed \"The Politics of the Critical Minerals Market,\" will take place on August 21-22, 2024, at the National Club in Toronto.Pat Ryan will speak from 9:15 to 9:35 AM on Day 1, addressing the critical importance of western innovation in establishing a resilient rare earth elements (REE) supply chain independent of Chinese control.Keynote Speaker: Pat Ryan, P.Eng., Chairman & CEO, Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF)Speech Title: \"Breaking China's Rare Earth Supply Chain Control with Western Innovation\"Pat Ryan will discuss how China has become exponentially more competitive than the United States and Canada, transitioning from being global copycats to promoting Chinese technological manufacturers in the global marketplace. In the rare earth supply chain, China benefits from massive scale and four decades of enhanced control over all facets of supply. For the West to succeed, the solution must be innovation.Highlighting a significant supply chain challenge, Mr. Ryan will address the lack of midstream REE refining and processing capacity, specifically the heavy rare earth sources required to produce permanent magnets. His address will highlight Ucore's development of the RapidSX™ technology and the scalable plan to establish state-of-the-art heavy and light rare earth processing facilities in Louisiana, Canada, and strategically located in-situ mining locations. These facilities aim to enhance supply chain resilience and support the transition to green energy, including the burgeoning but at-risk electric vehicle (EV) market in North America.Mr. Ryan will emphasize Ucore's progress at the Kingston Demonstration Facility, where innovative processing that is technically feasible, financially viable, and environmentally friendly has become an essential path to developing reliable flow sheets for full-scale success. \"Our goal is to play a vital role in building a robus...