The U.S. Department of Defense has further invested in Ucore Rare Metals Inc. with an additional $18.4 million funding, aimed at advancing the nation's critical minerals defense strategy. This funding will support the installation of the first commercial RapidSX separation line at Ucore's Strategic Metals Complex in Alexandria, Louisiana, addressing the urgent need for domestic sources of rare earth elements like dysprosium, crucial for military technologies but currently refined predominantly in China.
With this latest investment, total government support for Ucore reaches $22.4 million, emphasizing the project's strategic importance. The Department of Defense's initiative reflects growing concerns over supply chain vulnerabilities for critical minerals essential to defense manufacturing. The statement 'Every day of delay is a day an aircraft can't fly' underscores the critical need for uninterrupted access to these materials for national security.
For more details on the funding and Ucore's progress, visit https://ibn.fm/OTvbq. Additional information about Ucore Rare Metals Inc. and its initiatives is available in the company's newsroom at https://ibn.fm/UURAF.
