Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) has voiced support for its partner Hastings Technology Metals, alongside Wyloo, in acquiring a fully permitted mixed rare earth chloride production facility in Thailand. The acquisition is anticipated to accelerate the near-term processing of monazite feedstock and strengthen a Western-aligned rare earth supply chain, according to the company.
Ucore stated that the development supports ongoing discussions toward a long-term supply agreement tied to its Louisiana Strategic Metals Complex (SMC). The company aims to integrate upstream supply with midstream processing and rare earth oxide production capabilities. The full press release can be accessed here.
Ucore Rare Metals Inc. is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies, with a vision to become a leading advanced technology company providing best-in-class metal separation products and services. Through strategic partnerships, the company plans to disrupt the People’s Republic of China’s control of the North American rare earth element (REE) supply chain. This includes the near-term development of a heavy and light rare-earth processing facility in Louisiana, subsequent SMCs in Canada and Alaska, and the longer-term development of Ucore’s 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project in Southeast Alaska.
Ucore is listed on the TSXV under the symbol "UCU" and on the OTC Markets' OTCQX Best Market under the ticker "UURAF." For further information, visit www.ucore.com. The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF.
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