Business
Ucore Hosts Two U.S. Senators, Submits Proposition to US Department of Defense
Halifax, Nova Scotia--(Newsfile Corp. - August 22, 2019) - Ucore Rare Metals Inc. ( TSXV: UC...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore Hosts Two U.S. Senators, Submits Proposition to US Department of DefenseHalifax, Nova Scotia--(Newsfile Corp. - August 22, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (\"Ucore\" or the \"Company\") is pleased to announce that the Company recently hosted Senators Lisa Murkowski (R-AK) and Dan Sullivan (R-AK) in separate visits to Ketchikan, Alaska, to discuss Ucore's promise as a secure domestic supply source for rare earth elements (REE) crucial to U.S. defense, manufacturing, and industrial base needs.\"We're delighted to be working with two influential federal Senators, both of whom recognize the importance of secure domestic supply chains for critical materials,\" said Ucore Advisory Board Member, Randy Johnson. \"Senator Murkowski has established a long record of interest in critical materials legislation, most recently sponsoring the bipartisan American Mineral Security Act, along with Senator Sullivan, and is actively engaged in the development of a critical REE supply chain in Alaska. We're also thrilled that Senator Sullivan, a decorated member of the U.S. Marine Corps and an active member of the Armed Services Committee, expressed an interest in Ucore's activities, especially with the Defense Production Act Title III program opportunities.\"Ucore is also pleased to announce that the Company has recently submitted a response to a request for information (\"RFI\") from the Defense Production Act (\"DPA\") Title III Office. The RFI response proposed the advancement of the Bokan-Dotson Ridge Rare Earth Project's (the \"Bokan Project\") mine and REE processing and separation plant in Southeast Alaska. The DPA Title III program authorizes the Federal Government to procure and install equipment within plants, factories, and other industrial facilities which are owned by private entities. Typical DPA Title III actions are designed to stimulate private investment in production resources, by reducing the risks associated with project capitalization. They are also to spur investments required to establish critically needed production capacity to meet the near-term needs of national defense requirements.\"The Bokan-Dotson Ridge Rare Earth Project shows promise in delivering the mineral resources that the Department of Defense needs immediately and needs most,\" said Jim McKenzie, President & CEO of Ucore. \"...