FAQ on Ucore Rare Metals Inc.'s Path to 2026 Rare Earth Oxide Production

What is the significance of the $18.4 million funding awarded to Ucore Rare Metals Inc.?

The funding represents a critical step in reclaiming the United States’ control over materials essential to national safety and supports Ucore’s goal of commencing domestic commercial production of rare earth oxides by 2026.

How does Ucore Rare Metals Inc. plan to use the Department of Defense funding?

The funding will support the development of Ucore’s RapidSX technology and the near-term development of a rare-earth processing facility in Louisiana, aiming to disrupt China’s control over the North American REE supply chain.

What is Ucore Rare Metals Inc.’s vision and plan?

Ucore aims to become a leading advanced technology company providing best-in-class metal separation products and services, with plans to develop strategic metals complexes in the U.S., Canada, and Alaska, and to exploit its Bokan-Dotson Ridge Rare Heavy REE Project in Alaska.

When does Ucore Rare Metals Inc. expect to commence commercial production of rare earth oxides?

Ucore is moving toward its goal of commencing domestic commercial production of separated and salable rare earth oxides in 2026.

Why is the development of domestic rare earth oxide production important?

Developing domestic production is crucial for reducing reliance on foreign supply chains, particularly China’s, and ensuring national security by securing essential materials.

Where will Ucore Rare Metals Inc.’s rare-earth processing facility be located?

The near-term development of a heavy and light rare-earth processing facility is planned in the U.S. state of Louisiana, with subsequent complexes in Canada and Alaska.

Who is the CEO of Ucore Rare Metals Inc.?

Pat Ryan is the chair and CEO of Ucore Rare Metals Inc.

How can investors stay updated on Ucore Rare Metals Inc.’s developments?

Investors can find the latest news and updates relating to Ucore Rare Metals Inc. in the company’s newsroom at https://ibn.fm/UURAF.

What is the Bokan-Dotson Ridge Rare Heavy REE Project?

The Bokan-Dotson Ridge Rare Heavy REE Project is a 100% controlled project by Ucore located on Prince of Wales Island in Southeast Alaska, USA, aimed at contributing to the company’s long-term development goals.