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Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Building Domestic REE Supply Chain Alternatives for China-dependent Market
- Ucore Rare Metals Inc. is focused on establishing its proprietary solvent-based solution as a commercially advantageous and important alternative to standard rare earth (“REE”) processing
- U.S. Trade Representative Katherine Tai recently noted in a media interview that the REE supply chain is dependent on China for production and, to a greater degree, processing once ore has been removed from the ground
- Ucore’s development of its proprietary RapidSX(TM) REE processing solution promises an environmental impact advantage as well as advantages in cost and Western supply chain control
- Ucore also controls a rare earth mine prospect in Alaska that anticipates potentially developing someday as a new American REE source
U.S. trade policy makers continue to seek solutions to an economic power imbalance created by the modern tech industry’s dependence on The People’s Republic of China’s for certain metal elements that perform key functions in high-grade batteries.
The batteries supply power to a wide variety of technology used commonly by general consumers and government militaries alike. The near-total supply chain dependence on China for mining and, particularly, processing the ores that contain batteries’ critical rare earth metal elements (“REEs”) has…
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF
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