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Ucore Rare Metals Inc. Secures $1.8M Defense Contract Payment for Rare Earth Metals Project
Dec 14, 2024
Contract Type
contract
BedfordOtherMining
Description
Ucore Rare Metals Inc. has received approval from the US Department of Defense for the payment of US $1.8 million under the Other Transaction Agreement for the completion of milestones related to the rare earth element separation work. This payment brings the total received under the agreement to US $2.3 million.
Company Information
Company
Ucore Rare Metals
Location
210 WATERFRONT DRIVE, SUITE 106
Bedford, Nova Scotia, Canada
About
Ucore Rare Metals Inc. is a well-funded development-phase mining company focused on establishing rare metal resources with near term production potential. With multiple projects across North America, Ucore’s primary focus is the 100% owned Bokan – Dotson Ridge REE property in Alaska. The Bokan – Dotson ridge REE project is located 60 km southwest of Ketchikan, Alaska and 140 km northwest of Prince Rupert, British Columbia and has direct ocean access to the western seaboard and the Pacific Rim, a significant advantage in developing near term production facilities and limiting the capital costs associated with mine construction.
BedfordOtherMining