• China currently dominates the high-value market for rare earth elements (“REE”), but growing political tensions increasingly threaten this key supply chain, limiting the potential distribution of REE for crucial high-tech applications, such as military assets, electric vehicles, wind power generation, as well as mobile phones, and many others
• Ucore’s mission includes an ESG-centered model using RapidSX technology for the refining of REE from U.S. Allied sources, including Canada, as well as Louisiana and Alaska
• The REE market was valued at $5.3 billion in 2021 and is expected to continue growing quickly, at a CAGR of over 12%, resulting in a value of approximately $9.6 billion by 2026

Recent events have brought to light serious tensions that currently exist between the U.S. and China – including the Chinese spy balloons recently shot down in U.S. airspace and China’s anger toward the U.S. for an increased military presence planned for the Philippines. China has moved to claim dominance in the South China Sea, considering the waters as its own, in direct opposition to surrounding nations, such as the Philippines, and international law. These tensions threaten to disrupt current trade relations, including the distribution of vital rare earth elements (“REE”), on which China currently has a virtual monopoly.

Rare earth elements are a set of seventeen metallic elements necessary for the operation of many high-tech devices, including electric vehicles, cellular telephones, computer hard drives, flat-screen displays, and various defense-related products. The REE market was valued at $5.3 billion in 2021 but is expected…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF

About MiningNewsWire 

MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

To receive SMS text alerts from MiningNewsWire, text “BigHole” to 844-397-5787 (U.S. Mobile Phones Only)

For more information, please visit https://www.miningnewswire.com

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.miningnewswire.com/Disclaimer

MiningNewsWire
Los Angeles, California
www.miningnewswire.com
310.299.1717 Office
Editor@MiningNewsWire.com

MiningNewsWire is part of the InvestorBrandNetwork.