UCU:CC - 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 to reach $32 billion by the decade's end. However, with China controlling 90% of this sector, there has been a push by other countries to cut down dependence and seek out alternatives which, in turn, do away with the risks associated with China’s dominance (https://ibn.fm/WdTPC).
Ucore has stepped up, ultimately playing an integral role in establishing a comprehensive North American critical metals supply chain. Through its transformative technology, RapidSX(TM), the company has been able to...
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at http://ibn.fm/UURAF
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