Ucore Comments on China's Expanded Rare Earth Export Controls

Core Insights - Ucore Rare Metals Inc. is responding to China's expanded export restrictions on rare earth elements and related technologies, emphasizing its independence from Chinese equipment for its operations in the U.S. [1][2][7] Company Strategy - Ucore's operations at the Louisiana Strategic Metals Complex (LA-SMC) utilize RapidSX™ technology, which is sourced from North American and allied suppliers, thereby avoiding reliance on Chinese equipment [2][4] - The company aims to disrupt China's control over the North American rare earth supply chain through the development of processing facilities in the U.S. and Canada, as well as the Bokan-Dotson Ridge Rare Heavy REE Project in Alaska [10] Technology and Operations - RapidSX™ technology offers economic and environmental advantages by producing rare earth products with faster throughput and reduced space compared to traditional methods [4] - The majority of components for RapidSX™ are sourced from established North American supply chains, ensuring operational resilience against global trade controls [4][8] Supply Chain Assurance - Ucore's project benefits from the Defense Priorities & Allocations System (DPAS) status, which prioritizes equipment deliveries essential for national defense and emergency preparedness [5] - The company's sourcing strategy and DPAS rating are expected to mitigate risks associated with new export controls from China [8]