- 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
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text “BigHole” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.miningnewswire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.miningnewswire.com/Disclaimer
MiningNewsWire
Los Angeles, California
www.miningnewswire.com
310.299.1717 Office
Editor@MiningNewsWire.com
MiningNewsWire is part of the InvestorBrandNetwork.
