- Ucore recently announced the closing of the first tranche of its previously announced private placement offering of units of the company
- On June 6, the company announced that the U.S. DOD had awarded it a $4 million project grant
- Together, these moves bolster Ucore’s working capital and continue to stamp its position as a leader in its space
- Through its investments, Ucore is inching closer to taking over the global rare earth elements market, which is expected to hit $5.6 billion by 2025
Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a company engaged in the exploration for and separation and scalable production of rare earth elements (“REEs”) in Canada and the U.S., is, through its many strategic efforts, building itself to become a major leader in its sector. Just recently, the company announced the closing of the first tranche of its previously announced private placement offering of units of the company, for aggregate gross proceeds of $4,409,500, in what is set to be a key catalyst in advancing its RapidSX(TM) REE commercial demonstration plant in Kingston, Ontario (https://ibn.fm/kcaNI).
“We believe that Ucore’s Kingston, Ontario, Demo Plant is currently the largest heavy REE separation plant in…
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF
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