Ucore Rare Metals Inc.'s CEO, Pat Ryan, is the focus of The MiningNewsWire Podcast's latest edition, as announced by IBN.
Ucore Rare Metals Inc., a critical metals technology company listed on TSX.V: UCU and OTCQX: UURAF, has secured a significant government contract worth $18.4 million from the U.S. Department of Defense (DoD). This contract is part of a phase 2 award to accelerate the engineering, procurement, and site work for Ucore's Louisiana Strategic Metals Complex (LA SMC).
The LA SMC is a crucial project for Ucore as it aims to establish a domestic heavy rare earth element (HREE) supply chain, which is vital for defense applications. The DoD funding builds on a previous $4 million phase 1 project where Ucore successfully demonstrated separation of terbium and dysprosium—key heavy rare earths used in permanent magnets and defense technologies.
The phase 2 award aims to scale Ucore's proprietary RapidSX™ solvent extraction technology to commercial readiness and advance mechanical completion of the LA SMC by the second half of 2026 with minimal equity dilution. Ucore’s RapidSX platform is a column-based solvent extraction method supported by the U.S. government as an alternative to traditional vat-based technologies dominated by Chinese refiners.
The strategic importance of reshoring rare earth element processing and reducing reliance on foreign sources for defense-critical minerals is highlighted by this partnership. The LA SMC facility in Alexandria, Louisiana, will further position Ucore as a key domestic supplier of heavy rare earths, which are vital for defense, electric vehicles, AI, robotics, and renewable energy systems.
Ucore's Chairman and CEO, Pat Ryan, explained that his background led him to encourage Ucore to build manufacturing plants for processing rare earth elements. The company's vision is to become a leading advanced technology company, providing metal separation products and services to the mining and mineral extraction industry.
IBN, a financial brand network with a collective audience of millions of social media followers, has been instrumental in promoting Ucore's initiatives. IBN's Stuart Smith and Pat Ryan had a conversation about rebuilding rare earth infrastructure, advancing digital refining, and leading the Western critical minerals race. IBN provides a range of corporate communications solutions to over 500 public and private companies for more than 19 years.
Ucore also plans to establish SMCs in Canada and Alaska, and develop the Bokan-Dotson Ridge Rare Heavy REE Project in Southeast Alaska, USA. To learn more about Ucore Rare Metals Inc., visit their official website.
Forward-looking statements in this release are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof.
[1] MiningNewsWire Podcast: Pat Ryan, P.Eng., Chairman and CEO of Ucore Rare Metals Inc. [2] IBN's Dynamic Brand Portfolio includes access to a network of wire solutions, article and editorial syndication, press release enhancement, social media distribution, and total news coverage solutions. [3] Ucore's Kingston plant and a replica in central Louisiana were inspected by the DoD, who expressed satisfaction with what they saw. [4] Ucore is transitioning from early-stage discussions to integrated commercial partnerships with the U.S. Department of Defense. [5] Ucore and the DoD are currently discussing the next steps in their partnership to bring rare earth supply back to the Western world.
- Ucore Rare Metals Inc., a company in the critical metals and technology industry, has secured a significant government contract worth $18.4 million from the U.S. Department of Defense (DoD) to advance the engineering, procurement, and site work for their Louisiana Strategic Metals Complex (LA SMC), a crucial project aimed at establishing a domestic heavy rare earth element (HREE) supply chain.
- Ucore's vision is to become a leading advanced technology company, providing metal separation products and services to the mining and mineral extraction industry. Investors may find this opportunity attractive, considering the company's efforts to advance their proprietary RapidSX™ solvent extraction technology to commercial readiness and reduce dependency on foreign sources for defense-critical minerals.
- IBN, a financial brand network, has been instrumental in promoting Ucore's initiatives. Their corporate communications solutions have helped the company reach a broader audience and attract potential investors in the finance and business sectors, especially given the strategic importance of reshoring rare earth element processing and the potential to lead the Western critical minerals race.
