Ucore Rare Metals Inc. UURAF Archives - Page 7 of 9

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…

WednesdayApr 12, 2023 3:02 pm

QualityStocksNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Anticipates Putting RapidSX(TM) to Work at Commercial Scale

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a critical metals production tech innovator, recently welcomed dozens of industry and government visitors for a demonstration of its RapidSX(TM) rare earth element (“REE”) separation process. “Ucore Rare Metals hosted private tours and demonstrations of the operational advantages of RapidSX(TM)’s 52-stage REE separation procession system in early March at the company’s Ontario, Canada-based Commercialization and Demonstration Facility (‘CDF’). The company anticipates putting the RapidSX(TM) process to work on a commercial scale at its first Strategic Metals Complex (‘SMC’) in Louisiana, in the southern United States, which will begin construction later this year,” a…

ThursdayApr 06, 2023 1:37 pm

QualityStocksNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Announces Location for First REE Processing Plant

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) today announced the selection of an 80,800 square-foot brownfield facility within the England Airpark in Alexandria, Louisiana, as the location for its planned Louisiana Strategic Metals Complex (“LSMC”) rare earth element (“REE”) separation and oxide production facility. “Ucore has executed a very focused plan to establish its first rare earth processing plant within an existing brownfield facility,” said Pat Ryan, P.Eng., Ucore chairman and CEO. “This plan accelerated once Ucore narrowed its U.S. Gulf Coast search to Louisiana and worked through many excellent potential sites throughout the state. Critical success markers included streamlined…

WednesdayApr 05, 2023 1:28 pm

QualityStocksNewsBreaks – Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Focused on Recreating Mid-Market REE Supply Chain in North America

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) is engaged in the exploration for and separation and scalable production of rare earth elements (“REEs”) in Canada and the U.S. The company is out to ensure that China’s dominance in REE production and processing does not leave vulnerable those North American companies that are particularly reliant on critical rare earth elements. “This comes at a timely juncture, especially considering the degrading China-U.S. relationship. To achieve this, Ucore is looking at the means of REE processing used in China and trying to find better ways to do that in North America, thereby taking…

MondayApr 03, 2023 10:30 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Strengthens its Fundamental Corporate Tenet with Key Executive and Management Team Appointments

Ucore announced new additions to its executive and management teams in what the Chairman and CEO, Pat Ryan, believes strengthens and advances the company’s fundamental corporate tenet Geoff Atkins was appointed as Ucore’s Vice President of Business Development, while Jaan Hurditch was appointed as Engineering Director, leading the company’s engineering activities Ucore also bolstered its Advisory Board with the appointment of Dr. Ahmad Hussein, who will also serve as the Government Liaison These appointments come just in time following the commissioning of the demonstration plan in Kingston, Ontario Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a critical metals (“CM”) separation…

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