UCU:CC - Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Set to Scale its Maximum Production Rate to 7500 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 Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a critical metals (“CM”) separation technology company, at the beginning of the year, set out to ensure that China’s dominance in the Rare Earth Elements (“REE”) production and processing does not leave vulnerable those North American companies reliant on these elements. To address that, the company started exploring means of REE processing used in China and trying to find better ways to do that in North America, ultimately taking back control of the supply chain (https://ibn.fm/ywUHv).
In what marks a significant milestone for Ucore, the company just announced the selection of an 80,800 square-foot brownfield facility in England Airpark in Alexandria, Louisiana. This will be the location for...
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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