Ucore Secures $18.4 Million Defense Department Award to Accelerate Rare Earth Processing Facility
TL;DR
Ucore's $18.4 million DoD award accelerates its Louisiana facility, positioning it to dominate domestic rare earth supply and reduce reliance on China.
The funding supports detailed engineering, equipment procurement, and construction to scale RapidSX technology for commercial readiness by late 2026.
This project strengthens U.S. rare earth independence, creating a more secure and sustainable supply chain for critical technologies.
Ucore's innovative RapidSX platform uses column-based solvent extraction to revolutionize rare earth element separation methods.
Found this article helpful?
Share it with your network and spread the knowledge!
Ucore Rare Metals Inc. has secured an $18.4 million phase 2 award from the U.S. Department of Defense to accelerate engineering, procurement and site work for its Louisiana Strategic Metals Complex. This substantial funding reinforces the company's leadership position in domestic heavy rare earth element supply and represents a strategic move to break reliance on China-controlled legacy REE separation methods.
The phase 2 award expands upon an earlier $4 million phase 1 demonstration project that successfully proved Ucore's RapidSX column-based solvent extraction platform. This technology platform is central to the company's mission of establishing independent North American REE processing capabilities. The new funding will support detailed engineering, long-lead equipment procurement and early-stage construction at the LA SMC facility located in Alexandria, Louisiana.
Phase 2 funding is specifically intended to scale the RapidSX technology to commercial readiness, positioning Ucore for mechanical completion of the facility by late 2026. This accelerated timeline is significant because it demonstrates the U.S. government's commitment to rapidly developing domestic rare earth processing capabilities with minimal equity dilution for the company. The strategic importance of this development cannot be overstated given current geopolitical tensions and supply chain vulnerabilities.
The Louisiana facility represents the first in a series of planned strategic metals complexes, with subsequent facilities planned for Canada and Alaska. Ucore's broader vision includes developing its 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska. For more information about the company's technology and projects, visit https://www.ucore.com.
This Department of Defense investment signals growing recognition of the critical need for secure, domestic sources of rare earth elements essential for defense applications, renewable energy technologies, and electronic devices. The successful implementation of Ucore's technology could fundamentally reshape North America's position in the global rare earth market and reduce strategic vulnerabilities associated with foreign supply chain dependencies.
Curated from InvestorBrandNetwork (IBN)
