- Ucore Rare Metals Inc. is demonstrating the rare earth feedstock refining capabilities of its proprietary RapidSX(TM) processing technology at an Ontario facility while preparing to build a commercial plant in Louisiana, developing a North America-based supply chain for critical tech metals
- Rare earth element (“REE”) processing is currently almost exclusively controlled worldwide by the People’s Republic of China, and governments as well as industry players are searching for solutions to develop rare earth sourcing not reliant on Chinese industry and its government’s policies
- Companies that have been involved in mining REEs have thus far encountered significant impediments to their efforts to refine the metals independent of China’s globe-dominating REE industries
- RapidSX is being developed as an advantageous alternative to the industry standard SX process for rare earth refining, expecting to show less environmental impact, faster production, and fewer resource needs, as well as independence from China’s supply chain
A recent Reuters report on the challenges facing rare earth (“REE”) processing companies outside of China underscores the potential market opportunity awaiting critical technology metals supply chain innovator Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), as Ucore works to bring its proprietary North America-based REE processing technology online for commercial use.
Ucore is using a unique facility in Ontario, Canada to demonstrate the capability of its RapidSX(TM) solvent extraction process to bring REEs and other critical technology metals to market and do so in an…
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