Ucore Rare Metals Inc. Advances Domestic Rare Earth Element Supply Chain with Louisiana Facility

Ucore Rare Metals Inc. has marked a significant milestone in the development of a domestic rare earth element (REE) supply chain with the commencement of construction on its Louisiana Strategic Metals Complex (SMC) in Alexandria. This facility, leveraging Ucore's proprietary RapidSX(TM) technology, aims to offer a more efficient and environmentally friendly approach to REE separation. The project has garnered an $18.4 million investment from the U.S. Department of Defense (DoD), highlighting the facility's strategic role in diminishing North America's dependence on foreign sources for critical minerals essential for national security and technological progress.

The initiative by Ucore is poised to challenge the current hegemony of the People's Republic of China in the North American REE supply chain. Beyond the Louisiana SMC, Ucore envisions expanding its footprint with additional facilities in Canada and Alaska, alongside the development of the Bokan-Dotson Ridge Rare Heavy REE Project in Southeast Alaska, further solidifying its commitment to reshaping the global REE landscape.