Business
Ucore Announces M(3) Plan of Action for Independent U.S. HREE Supply Chain
Halifax, Nova Scotia--(Newsfile Corp. - September 10, 2019) - Ucore Rare Metals Inc. (TSXV: U...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore Announces M(3) Plan of Action for Independent U.S. HREE Supply ChainHalifax, Nova Scotia--(Newsfile Corp. - September 10, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (\"Ucore\" or the \"Company\") is pleased to expand upon, and provide additional detail with respect to the roll-out of the following mine to metal to market plan of strategic actions; further to the Company's press release of September 4, 2019. \"Current international events suggest that the U.S. is now on the threshold of a significant disruption to the domestic REE supply chain,\" said Jim McKenzie, President & CEO of Ucore. \"Central to that crisis are heavy REE (\"HREE\"); materials indispensable to a host of American industries, including defense systems and artificial intelligence (\"AI\"). These are materials which Bokan has at the highest levels of concentration on U.S. soil1 and prospectively available in the near term.2 \"This unique combination, in concert with unprecedented U.S. Federal Government and State of Alaska support for critical minerals development, have placed Ucore on a very short list of potential U.S. government partners capable of alleviating the current HREE supply crisis; and perhaps the sole proponent capable of doing so fully and completely within U.S. soil. Without this feature -- a domestic mine-to-metal-to-market capability contained within American borders -- the U.S. cannot claim to be independent in any true sense.3\"BackgroundRare earth elements (\"REE\"), and heavy REE (\"HREE\") in particular, are now among the most valued, sought after and hard to obtain metals at a world level.4 HREE are of critical importance to America's most essential and prolific industries. These industries span all manner of high-tech applications, from national defense to AI, supercomputing, energy provision, transportation, and many more -- areas in which the U.S. is either actively working to maintain its leadership or actively pursuing this status every day. Simply put, no other naturally-occurring materials are of greater strategic importance to the U.S., in terms of competing today, at an international level, with China.The current and long-running U.S. REE dependency on China has now garnered international attention, culminating in a series of extraordinary initiatives5 by both the State of Alaska and the U.S. Federal Go...