Ucore Rare Metals (TSE:UCU) has released an update.
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Ucore Rare Metals announced that the US Department of Defense has approved a $1.8 million payment to support the company’s efforts in rare earth element separation. This funding is part of a larger initiative to establish a sustainable domestic supply chain for rare earth products amid growing concerns over reliance on imports. The payment marks significant progress in Ucore’s project to demonstrate its RapidSX™ technology in a commercial setting.
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