Ucore Rare Metals Inc. logo

Ucore Rare Metals Inc. (UURAF)

Market Closed
12 Dec, 20:00
OTCQX OTCQX
$
4. 46
-0.09
-1.98%
$
28.44M Market Cap
- P/E Ratio
0% Div Yield
58,155 Volume
- Eps
$ 4.55
Previous Close
Day Range
4.4 4.6
Year Range
0.4 10.69
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Commerce Resources sees strategic role for Ashram amid US rare earth push

Commerce Resources sees strategic role for Ashram amid US rare earth push

The Pentagon is deepening its commitment to building a domestic supply chain for critical minerals, awarding Ucore Rare Metals Inc (TSX-V:UCU, OTCQX:UURAF) an $18.4 million contract to support the construction of its first commercial-scale rare earths separation facility in Louisiana. The award, announced Friday, comes just weeks after the US Department of Defense committed $400 million to MP Materials, signaling a broader effort to secure supplies of heavy rare earth elements (HREEs), key inputs in defense technologies ranging from precision-guided missiles to radar systems and F-35 fighter jets.

Proactiveinvestors | 4 months ago