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Ucore Secures US$18.4M Contract with U.S. DoD for Rare Earth Processing

Jun 02, 2025

Contract Type

contract

BedfordOtherMining

Description

Ucore Rare Metals Inc. has executed a definitive contract for a US$18.4 million production award from the U.S. Department of Defense. This funding will support the construction of the Company's first commercial RapidSX™ machine and related infrastructure at its Strategic Metals Complex in Alexandria, Louisiana.

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.