China announced a ban on the export of technology to produce rare earth permanent magnets on December 21, 2023, and confirmed its existing ban on the export of technology to extract and separate rare earth elements. China has a virtual monopoly on the processing of heavy rare earth elements such as dysprosium. Ucore has commenced a US$4 million contract with the US Department of Defense to demonstrate its RapidSXTM rare [...]
Ucore Rare Metals Inc. is pleased to announce amendments to and the extension of certain debt agreements with Orca Holdings, LLC that were agreed to on December 22, 2023. "We are pleased with Orca's vision and desire to support a longer-term creditor position in the Company," stated Pat Ryan, Ucore Chairman & Chief Executive Officer. "The timelines associated with these credit agreement amendments work in step with [...]
Ucore announces: Completion of its third and final stage of Commercial Demonstration Plant commissioning procedures Commencement of the US Department of Defense demonstration program Ucore Rare Metals Inc. announces the completion of its planned commissioning procedures for the Company's RapidSX™ Commercial Demonstration Plant for the separation of heavy and light rare earth elements . The Demo Plant is located [...]
Ratcliff Construction and Orbital Engineering Selected for Production Effort - Meetings Held at Kingston Demo Plant for Kick-off Program Ucore announces Strategic Metals Complex updates: Louisiana Governor Jon Bel Edwards has executed a as part of the broader US$15 million Louisiana Economic Development incentive package. The selection of Orbital Engineering's Baton Rouge, LA, Office for construction engineering services [...]
Ucore Announces: It is the recipient of $4.28 million funding agreement from the Government of Canada for the demonstration of Ucore's RapidSX™ Rare Earth Element Separation Technology Capabilities . Under the Project, the Company will produce high-purity NdPr, Pr and Nd over a 6-month period from 13-15 tonnes of Canadian and US feedstock sources. Ucore Rare Metals Inc. is pleased to announce that the Company has [...]
Ucore lays out: The detailed engineering, commissioning, testing and demonstration steps underway at the Kingston, Ontario, Canada, RapidSX™ Demonstration Plant The ongoing technical transition steps to the full-scale 7,500 tonnes per annum rare earth element separation plant - the Louisiana Strategic Metals Complex developing in Alexandria, Louisiana Ucore Rare Metals Inc. is pleased to provide a technical update [...]
Ucore Rare Metals Inc. , a leading developer of rare earth element processing technology, is pleased to announce that it has been selected by the Global Affairs Canada to attend the Autotech CTA Fall 2023 Program in San Jose, California on October 10 -12, 2023. The Program, organized by The Government of Canada's Trade Commissioner Service in Palo Alto and the Province of Ontario Trade & Investment Office in San [...]
Ucore announces: Industrial Tax Exemption Program approval from the Louisiana Board of Commerce and Industry and the required local approvals from the Rapides Parish's Police Jury, School Board, and Sheriff's Office For its development of an 80,800 square-foot brownfield facility as the location of its first North American commercial rare earth element RapidSX™ processing facility in Alexandria, Louisiana Ultimately [...]
Ucore Rare Metals Inc. is pleased to announce a visit of staff from the United States Embassy in Canada to its RapidSX™ Commercial Demonstration Facility in Kingston, Ontario. This visit underscores the strategic importance of Ucore's innovative technology in rare earth element processing and the potential for international collaboration in advancing sustainable resource solutions, and it builds on the Company's [...]
Ucore Rare Metals Inc. is pleased to announce that it has closed the second and final tranche of its previously announced private placement offering of units of the Company , with the Second Tranche consisting of 413,000 Units at a price of $1.00 per Unit for additional gross proceeds of $413,000. Together with the initial tranche of the Offering , which closed yesterday with proceeds of $4,409,500, the Company has raised [...]
Ucore Rare Metals Inc. is pleased to announce that it has closed the first of two tranches of its previously announced private placement offering of units of the Company , pursuant to which the Company issued 4,409,500 Units at a price of $1.00 per Unit for aggregate gross proceeds of $4,409,500. The Company expects to complete the second tranche of the Offering on or about July 28, 2023. The brokered portion of the First [...]
Ucore: Completes the initial programmatic US DoD post-award conference Outlines the prospective pathway to a full-scale RapidSX™ US rare earth element separation facility Ucore Rare Metals Inc. is pleased to announce that it has conducted the initial programmatic post-award conference with the US Department of Defense for the Company's recently announced US$4 million Other Transaction Agreement . This Rare Earth [...]
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