Ucore Updates on its US Heavy Rare Earth Production and DPAS Status

Core Insights - Ucore Rare Metals Inc. has announced progress on its US$22.4 million funding agreement with the US Army Contracting Command-Orlando for the construction of a production-ready commercial RapidSX™ machine in Alexandria, Louisiana [1][5][12] Funding Agreement and Project Updates - The funding agreement aims to facilitate the construction of a RapidSX™ machine and supporting infrastructure [1] - Recent updates include the completion of initial fieldwork activities in Alexandria and the application of a Defense Priorities & Allocations System (DPAS) status to the project [5][2] - The project has achieved significant milestones, including exceeding 50% progress in system engineering transition planning and 75% in sourcing long lead time materials [9][10] Technical and Engineering Developments - The RapidSX™ technology is undergoing full commercial scale-up engineering and testing, with design engineering and material sourcing already in progress [9] - The project includes a comprehensive environmental site assessment and various surveys to support the construction efforts [8] Strategic Partnerships and Market Position - Ucore is actively pursuing feedstock partnerships and has conducted due diligence meetings with potential partners [10] - The company aims to disrupt the control of rare earth element supply chains by establishing processing facilities in the US and Canada [15] Investor Relations and Visibility - Ucore has engaged ImpactDeck, an investor relations firm, to enhance its visibility within the investment community [12][13] - The firm will assist Ucore in increasing engagement with key investors, with a prepaid cash consideration of CAD 25,000 for an initial six-month term [13]