InvestorNews is pleased to announce an upcoming InvestorTalk scheduled for tomorrow, Wednesday, July 10th, at 9 AM EST, featuring Pat Ryan, the CEO and Chairman of Ucore Rare Metals Inc. (TSXV: UCU | OTCQX: UURAF). To participate in this engaging discussion, please click here
Currently, Ucore holds 61,819,425 shares outstanding and has a market capitalization of CAD$42,037,209.
In preparation for tomorrow’s InvestorTalk, here are the three most recent news releases from Ucore for your review, which are listed below:
June 7, 2024 — Ucore Announces Further Amendments and Extension of Certain Debt Arrangements — click here
May 15, 2024 — Ucore’s Louisiana Rare Earth Refinery is Strategically Aligned with the United States’ Objectives on Western Supply Chain Resilience — click here
April 29, 2024 — Ucore Qualifies Wicheeda Mixed Rare Earth Carbonate for RapidSX Technology Processing at Commercial-Scale Facilities — click here
5-Data Points from the news release on May 15, 2024 titled, Ucore’s Louisiana Rare Earth Refinery is Strategically Aligned with the United States’ Objectives on Western Supply Chain Resilience:
US Government Tariffs on Chinese EV Imports: The US Government has announced a 100% tariff rate on electric vehicles (EVs) imported from China to protect American manufacturers from China’s unfair trade practices.
US Trade Representative’s Section 301 Tariffs: A new 25% tariff on permanent magnets has been recommended, as part of a series of steps to eliminate China’s unfair trade practices and support supply chain diversification.
Ucore’s Louisiana Strategic Metals Complex (SMC): Ucore’s facility in Alexandria, Louisiana, is designed to process up to six different sources of US-friendly feedstock, enhancing supply chain resilience for heavy and light rare earth elements (REEs).
Production Increase Plan: Ucore plans to increase its production from 2,000 tonnes per annum to 7,500 tonnes per annum over the first few years, with further expansion planned across North America.
Strategic Vision and Partnerships: Ucore aims to disrupt China’s control of the North American REE supply chain through the establishment of processing facilities in Louisiana, Canada, and Alaska, alongside the development of the Bokan-Dotson Ridge Rare Heavy REE Project in Alaska.
(07.09.2024 at 8:00 AM EST, Source)
For more information on Ucore Rare Metals Inc., click here
For more information on the InvestorTalk pre-market series, go to InvestorTalk.com.
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