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Ucore and US DOD Agree on US$18.4M Initial Construction Funding for Rare Earth Processing in Louisiana
Ucore Announces: A US$18.4 million funding agreement with the US Department of Defense to lau...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore and US DOD Agree on US$18.4M Initial Construction Funding for Rare Earth Processing in LouisianaUcore 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 projectCommercial-scale RapidSX™ production module construction and operationsSystem engineering technology transfer from Ucore's Canadian demonstration facility to its developing United States commercial facilityFull-scale construction and 'Early Production' in Louisiana in H2-2026Halifax, Nova Scotia--(Newsfile Corp. - May 14, 2025) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (\"Ucore\" or the \"Company\") is pleased to announce that the Company has reached a firm fixed price agreement for a US$18.4 million increase to its current US$4M Other Transaction Agreement[i] (\"OTA\") with the US Army Contracting Command-Orlando. The purpose of the additional funding is to facilitate the construction of a production-ready commercial RapidSX™ machine and supporting infrastructure in Alexandria, Louisiana.Specifically, this involves the pre-planned expansion of Ucore's existing Rare Earth Element (\"REE\") Separation Technology Capabilities Prototype Project, soon to conclude at the RapidSX™ Commercialization and Demonstration Facility (\"CDF\") in Kingston, Ontario. The additional Phase II scope of work will further scale up and commercialize Ucore's RapidSX™ technology for its developing Louisiana Strategic Metals Complex (\"SMC\") REE refinery in Alexandria, Louisiana. This will be achieved through the installation of a complete full-scale RapidSX™ separation machine capable of demonstrating commercial scale production of Pr, Nd, Sm, Gd, Tb and/or Dy – six of the seven REEs which are listed by the People's Republic of China's (\"PRC\") for export licensing restrictions.Figure 1 - Ucore's Demonstration-Scale Transition to Commercial-Scale US Rare Earth SeparationTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1119/252088_8ebaa984446b9918_001full.jpgThe primary objectives of the Phase II project (the \"Project\") are:Construct and demonstrate the full-scale RapidSX™ technology modu...