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Ucore Welcomes Canadian Government Officials to its Kingston Ontario CDF for an NRCan Funding Announcement
Halifax, Nova Scotia--(Newsfile Corp. - February 5, 2024) - Ucore Rare Metals Inc. (TSXV: UC...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore Welcomes Canadian Government Officials to its Kingston Ontario CDF for an NRCan Funding AnnouncementHalifax, Nova Scotia--(Newsfile Corp. - February 5, 2024) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (\"Ucore\" or the \"Company\") is pleased to host Canadian Government officials at its RapidSX™ Commercialization and Demonstration Facility (\"CDF\") in Kingston, Ontario, for the formal announcement of $4.2 million of funding through Natural Resources Canada's (\"NRCan\") Critical Minerals Research, Development and Demonstration (\"CMRDD\") program. This funding program was originally announced by Ucore on November 20, 2023.Today, Mark Gerretsen, Member of Parliament for Kingston and the Islands, on behalf of the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced a $4.2-million investment to Ucore Rare Metals Inc. This investment will help scale up and demonstrate the commercial efficacy of Ucore's pending patent and Canadian-developed RapidSX™ rare earth element separation technology platform under rigorously simulated commercial conditions.From left to right: Shelley Hirstwood, Director of Business Development, Kingston Economic Development;Boyd Davis, CEO, Kingston Process Metallurgy; Vincent Cinanni, Municipal Councillor, Mayor's Office of Kingston; Mark Garretsen, Member of Parliament for Kingston Ontario; Mike Schrider P.E., Vice President and Chief Operating Officer, Ucore Rare Metals Inc; Craig Taylor, CEO, Defense Metals; and Jeff Dawley, CFO, Cyclic Materials.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1119/196861_1d322ed4d40b29f4_001full.jpgThe Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, stated, \"Critical metals like rare earth elements are an integral part of many clean technologies and energy sources. Demand for these resources will only grow. That is why we are taking action to build resilient and secure supply chains that provide the materials we need and the good jobs Canadian workers deserve right here in Canada. Investments like today's, help to support these goals and will help us to build a prosperous and sustainable low-carbon economy that works for everyone.\"Funded through the CMRDD program, Ucore's project will support Canada in increasing the supply of metals that ...