Ucore Advances North American Rare Earth Processing Capabilities with New Technology and Strategic Facilities

Ucore Rare Metals Inc. is making significant strides toward developing a domestic rare earth element processing capability in North America. The company is approaching a critical milestone with the imminent commissioning of its RapidSX™ Commercial Demonstration Plant in Kingston, Ontario, which represents a pivotal step in commercializing advanced REE separation technology. This technological advancement is supported by strategic partnerships with Kingston Process Metallurgy and Mech-Chem Associates, crucial collaborations in establishing a comprehensive North American REE supply chain.

The company's strategic roadmap includes constructing its first Strategic Metals Complex in Louisiana, with an initial processing capacity of 2,000 tons of total rare earth oxides by the end of 2024. Ucore plans to scale this capacity to 5,000 tons by 2026, demonstrating a robust growth trajectory in the critical minerals sector. Beyond the Louisiana facility, Ucore has long-term plans for additional SMCs in Alaska and Canada, supported by strong backing from both U.S. and Canadian governments.

These initiatives are complemented by the company's 100%-owned Bokan-Dotson Ridge heavy rare earth element resource in Alaska, positioning Ucore as a potential key player in North American critical minerals production. By developing independent REE processing capabilities, Ucore aims to address critical supply chain vulnerabilities and support emerging technologies that rely on rare earth elements, such as renewable energy, electronics, and advanced manufacturing. The company's comprehensive approach could potentially reduce dependence on Chinese rare earth element production, creating a more resilient North American supply chain for these essential materials.