Ucore Rare Metals: USD 18.4 Million Grant Future Plans | Interview with CEO Pat Ryan
In this latest GOLDINVEST interview, Ucore CEO Pat Ryan (WKN A2QJQ4 / TSXV UCU) provides an exciting insight into the company’s current progress. Following a significant USD 18.4 million grant from the U.S. Department of Defense, Ucore aims to commercialize its state-of-the-art rare earth processing technology in Louisiana.
Ryan explains the company’s phased plan to expand production to 10,000 tons of rare earth oxides, reports on the recent groundbreaking ceremony, and emphasizes the strategic importance of establishing a Western supply chain. He also discusses a successful CAD 15.5 million capital raise in Canada, the company’s partnerships, and the current geopolitical environment of the rare earth industry. Tune in for an in-depth look at Ucore’s ambitious goals and key developments.
00:00 Introduction and Welcome
00:21 Significant Funding from the Department of Defense
01:34 Commercialization Plans in Louisiana
02:58 Groundbreaking and Progress
04:02 Further Funding and Strategic Steps
05:53 Market Dynamics and Industry Insights
08:55 Future Plans and Strategic Partnerships
10:56 Key Personnel and Implementation Strategy
11:41 Closing Remarks and Final Thoughts
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