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“Our Strategic Metals Complex (SMC) in Louisiana will be commissioned in stages, with production scaling up from 2,000 tonnes per annum in Q4-2025 to upwards of 5,000 tpa in 2026. At current market prices, this translates to an opportunity of approximately $500 million top-line to the Company, marking a significant impact in the near term.”* – Pat Ryan, Chairman & CEO
* Potential to scale up to 7500 tpa in 2027
* Source: Adamas Intelligence
“Our Strategic Metals Complex (SMC) in Louisiana will be commissioned in stages, with production scaling up from 2,000 tonnes per annum in Q4-2025 to upwards of 5,000 tpa in 2026. At current market prices, this translates to an opportunity of approximately $500 million top-line to the Company, marking a significant impact in the near term.”* – Pat Ryan, Chairman & CEO
* Potential to scale up to 7500 tpa in 2027
* Source: Adamas Intelligence
Led by a veteran team with decades of experience and proven success in OEM, global supply chain’s, manufacturing, engineering and critical metals operations.
RapidSX is a patent-pending, environmentally friendly and commercially scalable technology, providing unprecedented efficiency and cost-efficient throughput.
$4M (USD) in Federal Funding Received from the U.S. Department of Defense, $4.28M (CAD) from Canadian Government to accelerate commercialization efforts
Ucore is disrupting China’s dominance of the $15.7 Billion/year (150,000 t/yr*) REO supply chain, enabling investors to participate in a significant opportunity to secure domestic critical metals self-reliance.
* Source: Adamas Intelligence
RapidSX is a game-changer in production efficiency, product purity, cost and adaptability, with patents-pending.
Accelerates chemical reactions 3X, leading to faster processing and lower operational expenses.
The platform’s scalability enables easy adjustment to varying feedstock quantities and processing needs.
November 2023
Ucore Receives a $4.28 Million Funding Agreement from the Government of Canada
It is the recipient of $4.28 million funding agreement from the Government of Canada for the demonstration of Ucore’s RapidSX™ Rare Earth Element Separation Technology Capabilities (the “Project”).
Under the Project, the Company will produce high-purity NdPr, Pr and Nd over a 6-month period from 13-15 tonnes of Canadian and US feedstock sources.
June 2023
Ucore Executes a US$4 Million Award with the US Department of Defense
A US$4 million award from the US Army Contracting Command-Orlando to demonstrate Rare Earth Element Separation Technology Capabilities at the RapidSX™ Commercialization and Demonstration Facility in Kingston, Ontario (the “Project”)
It is anticipated that upon successful completion of the Project, a follow-on production award may be issued to further support Ucore’s REE separation capabilities in Louisiana
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