Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Secures Multimillion-Dollar Funding from U.S. Department of Defense to Strengthen Rare Earth Independence
Despite the critical importance of rare earth element metals, the United States has long been dependent on imports to provide an adequate supply. Ucore has secured a $18.4 million funding agreement from the U.S. DoD to support the development of its rare earth processing facility in Louisiana. Ucore CEO notes that the funding validates the company’s technological leadership, underscores the strategic value of domestic REE processing. As…