Ucore Rare Metals (TSE:UCU) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Ucore Rare Metals Inc. has successfully completed the second milestone of its $4 million contract with the US Department of Defense, using its RapidSX™ technology to separate and purify rare earth elements on a large scale. The company’s 52-Stage RapidSX™ Demonstration Plant at the Kingston, Ontario facility has processed thousands of liters of rare earth elements, achieving above 99% purity, advancing the strategic objective to secure US-friendly sources for critical materials like neodymium and dysprosium.
For further insights into TSE:UCU stock, check out TipRanks’ Stock Analysis page.