- The rare earth metals market was valued at $5.3 billion in 2021 and is projected to grow at a CAGR of 12.3%, resulting in a value of $9.6 billion by 2026
- The growing tensions between China and the United States make it more important than ever for sustainable REE (Rare Earth Element) separation operations that do not depend on China, and Ucore’s RapidSX(TM) technology is key to the answer
- Ucore plans is developing its first Strategic Metals Complex for REE separation in Louisiana
The demand for rare earth elements (“REE”) is expected to surge as the electric vehicle and renewable energy market, and other critical REE applications, go forward. The rare earth metals market was valued at $5.3 billion in 2021 and is projected to grow at a CAGR of 12.3% from 2021 to 2026, resulting in a value of $9.6 billion by 2026 (https://ibn.fm/f6EfY). The current problem with REE production is the lack of rare earth separation facilities of scale in the United States, with the market being dominated by China. The recent tensions between China and the United States make it critical for sustainable REE separation operations that do not depend on China.
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), and its powerful new metals separation technology company, is on a mission to execute an ESG-centered plan toward establishing a comprehensive North American critical metals supply chain. The company has developed a superior commercial-ready…
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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