Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Advances DOD Project to Demonstrate Virtues of Novel Tech in Sustaining North American REE Production
Canada-based Ucore Rare Metals Inc. has developed a novel RapidSX(TM) technology for processing rare earth elements (“REEs”) considered critical to modern computer technologies and is preparing to scale up to commercial operation Because REEs not only have significant importance to the retail sector, but also to the function of many technologies that further government policies and military capabilities, the U.S. Department of Defense has taken an interest in supporting domestic REE development Ucore recently received a $4 million award from the DOD to help demonstrate RapidSX(TM) capabilities under the REE supply chain development program The company held its initial meeting…