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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