Core Insights - Ucore Rare Metals Inc. has signed a Memorandum of Understanding (MOU) with Vacuumschmelze GmbH & Co. KG and eVAC Magnetics LLC to develop a collaborative supply agreement for high-purity rare earth oxides (REOs) [1][4][6] - The partnership aims to secure a stable supply of REOs critical for various industries, including automotive, industrial automation, and defense systems [3][6][7] - Ucore's RapidSX™ refining technology will play a vital role in producing the necessary REOs for VAC and eVAC's operations [6][10] Company Overview - Ucore is advancing North American rare earth separation and refining through its Louisiana Strategic Metals Complex and commercialization of RapidSX™ separation technology [10] - The company received a follow-on award of US$18.4 million from the U.S. Department of Defense in 2025, bringing total funding under its current agreement to US$22.4 million [10] Strategic Importance - The collaboration is expected to enhance the strategic position of VAC and eVAC in the global rare earth supply chain, ensuring long-term access to critical raw materials [7] - The MOU was signed at the G7 Energy and Environment Minister's Summit, highlighting its significance on an international platform [8] Future Plans - The parties will define the structure and commercial terms for a definitive long-term agreement within nine months, supported by regular progress reviews [9]