FAQ on Ucore Rare Metals Inc.'s Strategic Metals Complex and Its Impact on the Rare Earth Supply Chain

What is the Louisiana Strategic Metals Complex (SMC)?

The Louisiana Strategic Metals Complex is a project by Ucore Rare Metals Inc. aimed at producing rare-earth oxides using the RapidSX(TM) technology, with plans to produce 2,000 tonnes annually by late 2024 and expand to 7,500 tonnes by 2027.

Why is the SMC project significant?

The SMC project is significant because it represents a strategic move to reduce reliance on China, which currently controls about 80% of global rare-earth refining, and to strengthen the U.S. supply chain for critical minerals used in defense and technology.

How does the RapidSX(TM) technology work?

The RapidSX(TM) technology is a rare-earth separation process that delivers heavy rare-earth elements efficiently in days from a smaller footprint, challenging the traditional methods dominated by China.

Who is funding the SMC project?

The U.S. Department of Defense has awarded an $18.4 million grant to Ucore Rare Metals Inc. for the SMC project, with additional support from a $15 million incentive package from Louisiana.

Where is the SMC located?

The SMC is strategically positioned at England Airpark near Gulf Coast ports in Louisiana, enhancing its accessibility and logistical advantages for supply chain resilience.

What are the expected economic benefits of the SMC project?

The SMC project is expected to create 100 direct jobs and nearly 300 ancillary roles in central Louisiana, delivering significant economic dividends to the region.

When is the SMC expected to start production?

The SMC aims to start producing 2,000 tonnes of rare-earth oxides annually by late 2024, with plans to expand production to 7,500 tonnes by 2027.

How does the SMC project impact the U.S. defense supply chain?

The SMC project strengthens critical defense supply chains by providing rare-earth elements essential for powering F35 engines and precision-guided weapons, reducing reliance on foreign sources.

Where can I find more information about Ucore Rare Metals Inc.?

For further information about Ucore Rare Metals Inc., visit their website at www.Ucore.com or check the latest news and updates relating to UURAF in the company’s newsroom at https://ibn.fm/UURAF.