The Halifax-based rare earth metals company will receive US$18.4 million from the U.S. Department of Defence to build a refinery in Alexandria, La., including its RapidSX technology. (The Logic)
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The Halifax-based rare earth metals company will receive US$18.4 million from the U.S. Department of Defence to build a refinery in Alexandria, La., including its RapidSX technology. (The Logic)
Talking point: UCore’s technology replaces the need for an electric powered mixing tank to extract light and heavy rare earth elements, which the company advertises as a cost-friendly alternative. The money from the Pentagon will allow for the installation of a RapidSX machine capable of commercial-scale production. This latest funding follows a US$4-million deal with the Department of Defense to develop the prototype. Last month, Ucore warned about the urgent need for a robust and independent rare earth supply chain in North America in light of China’s tightening grip on rare earth exports. Construction is expected to be finished in 2026, when the facility will begin early production.
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