FAQ: Ucore Rare Metals' DoD Funding and RapidSX™ Commercialization

What is the main purpose of the U.S. Department of Defense funding to Ucore Rare Metals?

The $18.4 million phase 2 award is intended to accelerate engineering, procurement, and site work for Ucore’s Louisiana Strategic Metals Complex and scale the RapidSX™ technology to commercial readiness.

Why is this funding and project significant for rare earth element supply?

This project aims to break reliance on China-controlled legacy rare earth element separation methods and establish domestic heavy rare earth element supply capability in North America.

What is RapidSX™ and how does it work?

RapidSX™ is Ucore’s column-based solvent extraction platform for rare earth element separation, which has already been proven under phase 1 funding and is central to the company’s mission.

Where is the Strategic Metals Complex being developed?

The Louisiana Strategic Metals Complex (LA SMC) is located in Alexandria, Louisiana, with plans for subsequent complexes in Canada and Alaska.

When is the facility expected to be mechanically complete?

The mechanical completion of the facility is targeted for late 2026, with phase 2 funding supporting detailed engineering, equipment procurement, and early-stage construction.

How does this phase 2 funding compare to previous funding?

The $18.4 million phase 2 award expands on an earlier $4 million phase 1 demonstration project that successfully proved the RapidSX™ technology.

What are Ucore’s long-term development plans beyond the Louisiana facility?

Ucore plans to develop subsequent strategic metals complexes in Canada and Alaska, including the longer-term development of its Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska.

Where can investors find more information about Ucore Rare Metals?

Investors can visit the company’s website at www.Ucore.com or access the latest news and updates at https://ibn.fm/UURAF.