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Ucore Rare Metals Inc. press release

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Secures $18.4M DoD Award to Fast-Track Heavy Rare Earth Independence

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This phase 2 award builds on phase 1 success, during which Ucore successfully separated two heavy rare earths critical for defense applications. RapidSX offers a U.S. government-backed alternative to traditional vat-based solvent extraction technology, which is dominated by Chinese refiners. Ucore plans to achieve full mechanical completion of the Louisiana-based SMC by the second half of 2026.

In a bold step toward reshoring critical mineral processing, Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF)has received an $18.4 million phase 2 award from the U.S. Department of Defense (“DoD”) to accelerate the engineering, procurement and site work for its Louisiana Strategic Metals Complex (“LA SMC”), reinforcing its leadership in domestic heavy rare earth element (“HREE”) supply (https://ibn.fm/OTvbq). Ucore’s RapidSX(TM) column-based solvent extraction platform, already proven under phase 1 funding, is central to the company’s mission to break reliance on China-controlled legacy REE separation methods.

The phase 2 award expands an earlier $4 million phase 1 demonstration project and supports detailed engineering, long-lead equipment procurement and early-stage construction at the LA SMC in...

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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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Earlier from Ucore Rare Metals Inc.