IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Pat Ryan, CEO of Ucore Rare Metals Inc.
ICICI BankICICI Bank(US:IBN) GlobeNewswire News Room·2025-08-07 12:01

Core Insights - The latest episode of The MiningNewsWire Podcast features Pat Ryan, Chairman and CEO of Ucore Rare Metals Inc., discussing the company's role in developing rare earth element refining infrastructure in North America [2][5] - Ucore has received significant validation from the U.S. Department of Defense (DoD), including an $18.4 million investment and a $4 million contract for a commercial demonstration plant [4][5] - Ucore aims to disrupt China's control over the North American rare earth supply chain through strategic partnerships and the development of processing facilities in Louisiana, Canada, and Alaska [8] Company Overview - Ucore Rare Metals Inc. focuses on rare and critical metal resources, extraction, beneficiation, and separation technologies, with a vision to become a leading advanced technology company in the mining sector [7] - The company is transitioning from early-stage discussions to integrated commercial partnerships, emphasizing the importance of collaboration with the DoD [5] Industry Context - The podcast highlights the critical need for a robust supply chain for electric vehicles, which Ucore aims to address through innovative manufacturing and refining processes [3] - Ucore's initiatives are part of a broader effort to enhance the Western critical minerals supply chain, responding to increasing demand for rare earth elements [8]