CA - US Department of Defense gives a $4M contract to Ucore
2023-06-06 08:22:02 ET
- Through its wholly owned subsidiary-Innovation Metals, Ucore ( OTCQX:UURAF ) has been awarded a firm-fixed-price $4M contract by the US Army Contracting Command-Orlando.
- The contract is to conduct a Rare Earth Element Separation Technology Capabilities Prototype Project at the company's RapidSX commercialization and demonstration facility in Kingston, Ontario, utilizing its 52-Stage RapidSX Demonstration Plant for the separation of mixed heavy and light REE concentrate feedstocks.
- It is anticipated that upon successful completion of the Project, a follow-on production award may be issued to further support Ucore's REE separation capabilities in Louisiana.
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US Department of Defense gives a $4M contract to Ucore