Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) has publicly supported its partner Hastings Technology Metals, along with Wyloo, in acquiring a fully permitted mixed rare earth chloride production facility in Thailand. The acquisition is expected to accelerate the near-term processing of monazite feedstock and bolster a Western-aligned rare earth supply chain. Ucore noted that this development supports ongoing discussions toward a long-term supply agreement tied to its Louisiana Strategic Metals Complex, as it works to integrate upstream supply with midstream processing and rare earth oxide production capabilities.
Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with potential for production, growth, and scalability. The company's vision is to become a leading advanced technology company providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, Ucore aims to disrupt the People’s Republic of China’s control of the North American rare earth element (REE) supply chain by developing a heavy and light rare-earth processing facility in Louisiana, with subsequent facilities in Canada and Alaska, and the longer-term development of its Bokan-Dotson Ridge Rare Heavy REE Project in Southeast Alaska.
For more information, visit the full press release at https://ibn.fm/DmB6J and the company's newsroom at https://ibn.fm/UURAF. Ucore is listed on the TSXV under the symbol "UCU" and on the OTCQX Best Market under "UURAF." Further details are available at www.ucore.com.
