- Rare earth supply chain innovator Ucore Rare Metals Inc. is working to strategically develop a North American-based supply chain for rare earth elements (“REEs”) that are vital to technologies ranging from smartphone to F-16 fighter jet parts
- China currently has a near-monopoly on REE refining and production, and international tech trade tensions in recent years have pushed Western nations to seek ways to revive their own REE industries
- Ucore has developed a proprietary RapidSX(TM) REE separation technology platform for refining rare earths, beginning with a strategic facility in development in Louisiana
- The company is celebrating announcement this month that it has completed the process for obtaining an 80 percent tax exemption for the next decade, pending the governor’s ratification of state and local authorities’ approvals
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a strategic metals supply chain-focused enterprise, is celebrating its advancing rare earth element (“REE”) project in Louisiana with the recent announcement that the company has received approvals from the Industrial Tax Exemption Program (“ITEP”) that will result in significant cost savings to Ucore.
Ucore has entered a multi-decade lease agreement with the administrators of the England Airpark in Alexandria, La., that will allow Ucore to build and operate a Strategic Metals Complex (“SMC”) where…
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF
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