- Ford Motor Co. recently announced a $9.2 billion government loan for constructing three battery factories in the U.S.
- This is seen as a move that seeks to stir the growth of domestic EV battery manufacturing in the country in response to the growing demand for green technologies
- Ucore recognizes this demand, and through its transformative commercial-ready technology, RapidSX(TM), it looks to satisfy it and take control of the North American REE supply chain
- The company is well aware of the developments within its industry and is well positioned to take advantage of them and become the undisputed leader in the North American market
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a company with a vision and plan to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry, is expected to benefit significantly given its focus on taking control of the North American rare earth elements (“REE”) supply chain. This follows the recent $9.2 billion government loan to Ford Motor Co. for constructing three battery factories, seeking to stir the growth of domestic EV battery manufacturing in the country (https://ibn.fm/Rbi73).
Considered the biggest government backing for a U.S. automaker since the bailouts back in the 2009 financial crisis, this loan is seen by many, including car manufacturers, as the government’s move to incentivize local companies to devise and explore ways to not only come up with technology to harness…
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF
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