Ucore Rare Metals Inc. UURAF Archives - Page 7 of 10

TuesdayJun 06, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) To Play Key Role in North American Push to Control its Rare Earth Critical Metals Destiny

Canada-based Ucore Rare Metals Inc. is preparing to begin construction on a rare earth element (“REE”) processing plant in Louisiana that it says will be the first REE separation facility to operate at commercial scale in North America Currently, China dominates both REE feedstock supply and REE processing capacity on a global basis, generating concerns that it can control the world’s ability to build modern technologies and use its control to retaliate against countries in adversarial situations Modern technologies that rely on REEs for crucial magnets in their composition include phones, computers, household appliances, electric vehicles, solar panels, and wind…

MondayMay 22, 2023 10:30 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Targets Beijing Influence Over Global Rare Earth Industry; Doubles Down on its North American Investment

China currently commands approximately 90% of rare earth metals, alloys, and permanent magnets, along with 85% of the world’s rare earth oxides This dominance has seen Beijing demonstrate a willingness to leverage it in pursuit of political objectives Countries have resorted to looking elsewhere for the supply of rare earths, and Ucore is building to satisfy that demand in North America Its recent announcement of a $75 million investment in CapEx over the next four years reflects the company’s understanding of the North American REE market and the value that the investment will create for its shareholders Ucore Rare Metals…

FridayMay 19, 2023 3:33 pm

QualityStocksNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Unlocking Resources for Downstream Customers

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a critical metals company, is aggressively working to become a leader in solutions for improving the separation of rare earth elements (“REEs”) from mined ores in order to secure a stronger position for American REE production. “The key to Ucore’s solution is its development of a solvent extraction process that will not only be the only one based in the Western Hemisphere, but that will be superior to the universally used SX (also known as CSX) extraction process. Ucore’s RapidSX(TM) process is at least three times more efficient than the SX standard, requires…

WednesdayMay 17, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Bets Big on the Rare Oxide Market; Grants Stock Options and Announces $75 Million Investment into Flagship REE Separation and Purification Facility

Ucore has set out to capitalize on critical mid-market separation of REE through its transformative RapidSX(TM) technology in a bid to address China’s dominance in the rare oxide market The company is confident in its approach and has even committed to investing $75 million in CapEx over the next four years to establish North America’s first modern REE separation and purification facility Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a critical metals (“CM”) separation technology company, understands the potential of the rare oxide market and the stake that China currently holds. According to CEO Pat Ryan, this industry is expected…

MondayMay 15, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Looking to Bolster North American REE Dominance Amid China’s Move to Ban Rare Earth Metal Exports

Nikkei Asia has reported plans for China to amend its 2020 technology export restriction list with propositions to either ban or restrict exports of technology to process and refine rare earth elements These developments have encouraged both Washington and Tokyo to develop rare earth supply chains with little to no dependence on China Ucore has long been focused on growing North America’s REE self-reliance in response to these developments, and its recent announcement of a $75 million investment in capital expenditures (CapEx) over the next four years points to a company committed to helping North America achieve full autonomy and…

WednesdayMay 10, 2023 1:47 pm

QualityStocksNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Issues Corporate Update, Extends Term of Outstanding Convertible Debentures

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) today provided a corporate update and announced that it intends to extend the term of certain outstanding convertible debentures, which currently have a maturity date of May 31, 2023. According to the update, the debentures were originally issued in May of 2020, with a three-year term. On May 21 and 29, 2020, Ucore issued 1,280 and 1,520 convertible debentures respectively, with a face value of $1,000 each for total gross proceeds of $2.8 million. These unsecured debentures bear interest at a rate of 7.5% payable semi-annually and mature on May 31, 2023. Per…

TuesdayMay 09, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) CEO: Superior REE Separation Tech Being Demo’d Will Give North America Advantage in Production

Canada-headquartered critical metals company Ucore Rare Metals Inc. is in the process of demonstrating its flagship rare earth element (“REE”) separation technology and is preparing to begin construction on its first commercial-scale processing facility later this year Ucore’s proprietary RapidSX(TM) solvent extraction process will provide a unique advantage to the standard SX extraction process used for REEs throughout the world, using the same elements as SX but rapidly accelerating production time Rare earths are vital elements for modern high-powered technologies ranging from cell phones to electric vehicle magnets China currently controls the REE separation market and Ucore’s plans are poised…

WednesdayApr 19, 2023 1:37 pm

QualityStocksNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Eyeing Opportunity in Multibillion Rare Oxide Market

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a critical metals separation technology company executing an ESG-centered plan to establish a comprehensive North American critical metals supply chain, is gaining attention thanks to the commissioning of its demonstration plant in Kingston, Ontario. “The company is positioning itself to fulfill North America’s unmet rare earth element (‘REE’) and rare earth oxide (‘REO’) needs through commercial production plants, with the first expected to be operational by the end of 2024 in Louisiana… Over the last few years, Ucore has invested about $10 million in the demonstration plant and its RapidSX(TM) technology. RapidSX(TM) is…

WednesdayApr 19, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) to Invest $75 Million to Establish North America’s First Modern Technology REE Separation And Purification Facility in Alexandria, Louisiana

Ucore recently announced it is investing $75 million over the next four years to set up the Louisiana Strategic Metals Complex (“LSMC”) REE separation and oxide production facility The facility will cover a footprint of 80,800 square feet and will be located within the England Airpark Community complex in Alexandria, Louisiana Ucore expects to produce 7,500 tons per annum of total rare earth oxide (“TREO”) throughput and create 100 family-wage paying jobs The facility is one of three strategic metals complexes that Ucore plans to set up across North America as part of efforts to help the continent take charge…

MondayApr 17, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Set to Scale its Maximum Production Rate to 7,500 TPA Following the Selection of LSMC REE Separation and Oxide Production Facility

Ucore just announced the selection of an 80,800 square-foot brownfield facility located in England Airpark in Alexandria, Louisiana, that will serve as the company’s LSMC REE separation and oxide production facility The company is confident that the establishment will expand its maximum production rate from the current 5,000 TPA to 7,500 TPA in TREO throughout by 2027 The facility is expected to create 298 indirect jobs, for a total of 398 new jobs in Central Louisiana. It is also set to bring the total potential value of state grants, tax incentives, 1payroll rebates, and other benefits to US$15 million Ucore…

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