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UCORE RARE METALS INC - UURAF STOCK NEWS

Welcome to our dedicated news page for UCORE RARE METALS (Ticker: UURAF), a resource for investors and traders seeking the latest updates and insights on UCORE RARE METALS.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect UCORE RARE METALS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of UCORE RARE METALS's position in the market.

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Ucore Rare Metals Inc. completed initial testing of a rare earth carbonate sample from Defense Metals' Wicheeda Project, confirming its suitability for commercial-scale processing with Ucore's RapidSX™ technology. The MREC sample will be incorporated into the NRCan light REE demonstration program and used in the Louisiana Strategic Metals Complex project. SGS Canada Inc. shipped the sample to Ucore's CDF, with positive feedback from both companies' executives. The collaboration aims to reduce North American reliance on non-Western rare earth sources.

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Ucore Rare Metals Inc. announces successful separation of rare earth elements with RapidSX™ technology, achieving purity above 99%. Completion of second milestone in $4 million agreement with the US Department of Defense. The company is working towards individual separation of key rare earth elements, including dysprosium, from US-friendly sources to reduce dependence on China.
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1.64%
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Ucore Rare Metals Inc. announces its participation in the 2024 Prospectors & Developers Association of Canada Conference. The company aims to provide updates to investors on recent developments and presents its vision to become a leading advanced technology company in metal separation products and services. Ucore plans to disrupt China's control of the North American REE supply chain through strategic partnerships and the development of rare-earth processing facilities.
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5.17%
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Ucore Rare Metals Inc. secures $4.2 million in funding from Natural Resources Canada's Critical Minerals Research, Development and Demonstration program to scale up and demonstrate the commercial efficacy of its rare earth element separation technology. The investment aims to support the development of electric vehicle motors and wind turbines, create employment opportunities, and build expertise in the critical minerals space.
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Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) has been invited to present at the Mine to Magnet Workshop hosted by Lockheed Martin, discussing challenges and opportunities in the rare earth supply chain. The company is working to bring the production of these critical materials onshore, aligning with new regulations requiring defense contractors to disclose the sources of rare earth elements. Ucore also announced a USD$4 million demonstration program with the US Department of Defense to demonstrate the capability to commercially source a sustainable, domestic processing facility for rare earth products.
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-7.25%
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Ucore Rare Metals Inc. (UCU) and Defense Metals Corp. announce the planned shipment of a mixed rare earth carbonate sample from Defense Metals' Wicheeda Project to Ucore's RapidSX™ Commercialization and Demonstration Facility in Kingston, Ontario. The shipment is part of a collaborative project under a Memorandum of Understanding to explore enhanced working relationships. Ucore is pleased to execute a non-binding MOU with Defense Metals to explore collaborative opportunities for a North American rare earth element supply chain. This marks one of the first projects under the MOU, with Defense Metals shipping a mixed rare earth carbonate sample to Ucore's facility for testing. The companies aim to be part of the Western world's REE supply chain, with Ucore's technology platform RapidSX™ playing a crucial role in the development of the first modern technology commercial REE processing plant in Louisiana.
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Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) has executed a multi-decade lease for an 80,800 square foot brownfield facility on a 10.7+ acre industrial parcel for its developing rare earth element processing facility in Alexandria, Louisiana. The company aims to process 2,000 tonnes per annum of total rare earth oxides by H1-2025, expanding to 5,000 tpa TREO by 2026, and 7,500 tpa TREO by 2027. The lease arrangement is designed to ensure the facility's long-term viability and employment opportunities for the residents of Rapides and the surrounding Parishes. Ucore is grateful to various entities for securing this long-term arrangement in Alexandria and looks forward to achieving numerous related milestones in Q1-2024.
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Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) is pleased to comment on recent announcements out of China regarding the export of technology for the processing of rare earth elements. China announced a ban on the export of technology to produce rare earth permanent magnets and confirmed its existing ban on technology associated with the separation of REEs. China currently dominates the supply of rare earth components, particularly those containing terbium and dysprosium, accounting for nearly 90% of the world's rare earth permanent magnets. Ucore has commenced a US$4 million contract with the US Department of Defense to demonstrate its RapidSX™ rare earth processing technology.
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News
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Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) announces amendments and extension of debt agreements with Orca Holdings, LLC, to support long-term creditor position and business objectives. The company's strategic plan aligns with the amended credit agreements, positioning Ucore for an independent North American supply of critical materials.
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Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) announces the completion of its third and final stage of Commercial Demonstration Plant commissioning procedures and the commencement of the US Department of Defense demonstration program for its RapidSX™ technology for rare earth element separation.
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UCORE RARE METALS INC

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33.69M
48.17M
22%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Bedford