Ucore Applauds White House Executive Action to Strengthen Critical Mineral Production
Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) responds to a new executive order by President Trump invoking the Defense Production Act to strengthen domestic critical mineral production, particularly rare earth elements. The order aims to reduce dependence on foreign mineral production and directs the Development Finance and Secretary of Defense to establish a dedicated mineral production fund within 30 days.
The company, currently processing rare earth materials through its RapidSX™ Commercial Demonstration Facility under a USD$4 million Department of Defense contract, is developing its first Strategic Metals Complex in England Airpark, Alexandria, Louisiana. This facility will focus on producing high-purity rare earth elements essential for national security and technological advancement.
The initiative aligns with Ucore's mission to develop Western rare earth element supply, important for semiconductor manufacturing, robotics, and clean energy applications, with the global semiconductor market projected to exceed $1 trillion by 2030.
Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) risponde a un nuovo ordine esecutivo del Presidente Trump che invoca il Defense Production Act per rafforzare la produzione domestica di minerali critici, in particolare degli elementi delle terre rare. L'ordine mira a ridurre la dipendenza dalla produzione mineraria estera e incarica il Development Finance e il Segretario della Difesa di stabilire un fondo dedicato alla produzione mineraria entro 30 giorni.
L'azienda, attualmente impegnata nella lavorazione di materiali delle terre rare attraverso il suo RapidSX™ Commercial Demonstration Facility sotto un contratto di 4 milioni di dollari del Dipartimento della Difesa, sta sviluppando il suo primo Strategic Metals Complex ad England Airpark, Alexandria, Louisiana. Questa struttura si concentrerà sulla produzione di elementi delle terre rare ad alta purezza, essenziali per la sicurezza nazionale e il progresso tecnologico.
L'iniziativa è in linea con la missione di Ucore di sviluppare un approvvigionamento di elementi delle terre rare occidentali, importante per la produzione di semiconduttori, robotica e applicazioni di energia pulita, con il mercato globale dei semiconduttori che si prevede supererà 1 trilione di dollari entro il 2030.
Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) responde a una nueva orden ejecutiva del Presidente Trump que invoca la Ley de Producción de Defensa para fortalecer la producción nacional de minerales críticos, especialmente de elementos de tierras raras. La orden tiene como objetivo reducir la dependencia de la producción mineral extranjera y dirige al Development Finance y al Secretario de Defensa a establecer un fondo dedicado a la producción mineral en un plazo de 30 días.
La empresa, que actualmente procesa materiales de tierras raras a través de su RapidSX™ Commercial Demonstration Facility bajo un contrato de 4 millones de dólares del Departamento de Defensa, está desarrollando su primer Strategic Metals Complex en England Airpark, Alexandria, Louisiana. Esta instalación se centrará en la producción de elementos de tierras raras de alta pureza, esenciales para la seguridad nacional y el avance tecnológico.
La iniciativa se alinea con la misión de Ucore de desarrollar un suministro de elementos de tierras raras de Occidente, importante para la fabricación de semiconductores, robótica y aplicaciones de energía limpia, con el mercado global de semiconductores proyectado para superar 1 billón de dólares para 2030.
Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF)는 트럼프 대통령의 새로운 행정명령에 대응하여 방위 생산법을 발동하여 국내 필수 광물 생산을 강화하고 특히 희토류 요소에 중점을 두고 있습니다. 이 명령은 외국 광물 생산에 대한 의존도를 줄이고, 개발 금융 및 국방 장관에게 30일 이내에 전용 광물 생산 기금을 설립할 것을 지시합니다.
현재 RapidSX™ 상업 시연 시설을 통해 희토류 소재를 처리하고 있는 이 회사는 루이지애나주 알렉산드리아의 England Airpark에 첫 번째 전략 금속 복합체를 개발하고 있습니다. 이 시설은 국가 안보와 기술 발전에 필수적인 고순도 희토류 요소 생산에 중점을 둘 것입니다.
이 이니셔티브는 반도체 제조, 로봇 공학 및 청정 에너지 응용 프로그램에 중요한 서방 희토류 요소 공급 개발이라는 Ucore의 사명과 일치하며, 글로벌 반도체 시장은 2030년까지 1조 달러를 초과할 것으로 예상됩니다.
Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) répond à un nouvel ordre exécutif du Président Trump invoquant le Defense Production Act pour renforcer la production nationale de minéraux critiques, en particulier les éléments de terres rares. Cet ordre vise à réduire la dépendance à l'égard de la production minérale étrangère et charge le Development Finance et le Secrétaire à la Défense d'établir un fonds dédié à la production minérale dans un délai de 30 jours.
L'entreprise, qui traite actuellement des matériaux de terres rares via son RapidSX™ Commercial Demonstration Facility dans le cadre d'un contrat de 4 millions de dollars du Département de la Défense, développe son premier Strategic Metals Complex à England Airpark, Alexandria, Louisiane. Cette installation se concentrera sur la production d'éléments de terres rares de haute pureté, essentiels pour la sécurité nationale et l'avancement technologique.
Cette initiative s'aligne avec la mission d'Ucore de développer l'approvisionnement en éléments de terres rares occidentaux, important pour la fabrication de semi-conducteurs, la robotique et les applications d'énergie propre, le marché mondial des semi-conducteurs devant dépasser 1 trillion de dollars d'ici 2030.
Ucore Rare Metals (TSXV: UCU) (OTCQX: UURAF) reagiert auf einen neuen Erlass von Präsident Trump, der das Defense Production Act anruft, um die inländische Produktion kritischer Mineralien, insbesondere seltener Erden, zu stärken. Der Erlass zielt darauf ab, die Abhängigkeit von ausländischer Mineralproduktion zu verringern und beauftragt das Development Finance und den Verteidigungsminister, innerhalb von 30 Tagen einen speziellen Fonds für die Mineralproduktion einzurichten.
Das Unternehmen, das derzeit seltene Erden Materialien über seine RapidSX™ Commercial Demonstration Facility im Rahmen eines Vertrags über 4 Millionen USD des Verteidigungsministeriums verarbeitet, entwickelt seinen ersten Strategic Metals Complex im England Airpark, Alexandria, Louisiana. Diese Einrichtung wird sich auf die Produktion von hochreinen seltener Erden konzentrieren, die für die nationale Sicherheit und den technologischen Fortschritt unerlässlich sind.
Die Initiative steht im Einklang mit Ucores Mission, die Versorgung mit seltenen Erden aus dem Westen zu entwickeln, die für die Halbleiterfertigung, Robotik und Anwendungen im Bereich der sauberen Energie wichtig sind, wobei der globale Halbleitermarkt voraussichtlich bis 2030 1 Billion USD überschreiten wird.
- Secured USD$4 million Department of Defense contract for rare earth processing
- Strategic positioning to benefit from new Executive Order supporting domestic mineral production
- Development of Strategic Metals Complex in Louisiana with government and private sector support
- Positioned to serve growing semiconductor market projected to reach $1 trillion by 2030
- None.
Halifax, Nova Scotia--(Newsfile Corp. - March 21, 2025) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to comment on the latest executive order issued by President Trump, invoking wartime powers under the Defense Production Act to address threats to the country's national and economic security by reliance upon "hostile foreign powers' mineral production" (the "Executive Order").
The Executive Order outlines a number of initiatives to "facilitate domestic mineral production to the maximum extent possible" and is aimed at the production of a number of critical minerals, including rare earth elements. More specifically, the Executive Order directs the Development Finance Corporation ("DFC") and Secretary of Defense to develop a plan to establish a dedicated mineral and mineral production fund for domestic investments within 30 days.
Additionally, the Secretary of Defense has been directed to add mineral production as a priority industrial capability development area for the Industrial Base Analysis and Sustainment Program ("IBAS"). Ucore is a current participant of the IBAS Program and is processing rare earth materials at its RapidSX™ Commercial Demonstration Facility further to a USD
"President Trump's executive order underscores the urgent need to establish robust, domestic rare earth processing capabilities," said Pat Ryan, Chairman and CEO of Ucore. "As the US looks to onboard rare earth mineral projects, there is strategic merit in knowing that significant security can be established by first dominating the processing and refining. We look forward to continuing our work with the Department of Defense to support this important initiative as we move toward commercializing our RapidSX™ rare earth element ("REE") refining technology."
Figure 1 - Aerial view of Ucore's planned Strategic Metals Complex in the England Airpark, Alexandria, Louisiana
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1119/245541_50f55c3944136861_001full.jpg
Ucore's first Strategic Metals Complex is to be located in the England Airpark (formerly the England Air Force Base). The project has already garnered strong support from both government and private sector stakeholders and will provide the U.S. with the capacity to produce high-purity REEs essential for national security and technological advancement.
This executive order aligns strongly with Ucore's ongoing efforts to develop a resilient Western supply of REEs, including those crucial to semiconductor manufacturing, robotics, and clean energy applications. With the global semiconductor market projected to exceed
See the following link for the full text of the Executive Order: Immediate Measures to Increase American Mineral Production - The White House.
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About Ucore Rare Metals Inc.
Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.
Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana, subsequent Strategic Metal Complexes in Canada and Alaska and the longer-term development of Ucore's
Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."
For further information, please visit www.ucore.com.
Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. The details of the legislation by which tariffs are implemented can potentially impact the effectiveness of the protections afforded by Foreign Trade Zones. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.
Regarding any disclosure in the press release above about the US Department of Defense or the Government of Canada Programs and the expected successful progress and resulting milestone payments from these Programs, the Company has assumed that the Programs (including each of their milestones) will be completed satisfactorily. For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and ongoing Programs (generally), see the risk disclosure in the Company's MD&A for Q3-2023 (filed on SEDAR on November 20, 2023) (www.sedarplus.ca) as well as the risks described below.
Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to complete the Demo Plant demonstration schedule and also later prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Element project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.
Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.
CONTACTS
Mr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214.
For additional information, please contact:
Mark MacDonald
Vice President, Investor Relations
Ucore Rare Metals Inc.
1.902.482.5214
mark@ucore.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245541
FAQ
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