- The Department of Defense announced an additional $18.4 million funding to Ucore Rare Metals.
- The decision to support Ucore represents a critical step in reclaiming the United States’ control over materials essential to national safety.
- The money will help install the first commercial RapidSX separation line at Ucore’s Strategic Metals Complex.
“Every day of delay is a day an aircraft can’t fly.” This statement makes sense and is obviously a widely recognized truth among the U.S. military. Those charged with providing security and protection for the United States place a high priority on ensuring that no key components of essential aircraft are delayed. Most recently, that attention has been focused on parts made of metals refined almost entirely in China, such as the dysprosium inside a missile’s steering fins. Now the U.S. Department of Defense (“DoD”) is betting that a start-up-scale plant in Alexandria, Louisiana, can keep those aircraft aloft.
In late May, Pentagon officials committed $18.4 million to Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF); these funds were in addition to an earlier DoD award, bringing total government support for the company to $22.4 million (https://ibn.fm/OTvbq). The money will help install the first commercial…
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF
About ESGWireNews
ESGWireNews (“ESG”) is a specialized communications platform with a focus on the Environmental, Social and Governance (ESG) sector and public companies committed to sustainable corporate practices. ESGWireNews is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, ESG is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, ESG brings its clients unparalleled recognition and brand awareness. ESG is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from ESGWireNews, text “ESG” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.ESGWireNews.com
Please see full terms of use and disclaimers on the ESGWireNews website applicable to all content provided by ESG, wherever published or re-published: https://www.ESGWireNews.com/Disclaimer
ESGWireNews
Los Angeles, CA
www.ESGWireNews.com
310.299.1717 Office
Editor@ESGWireNews.com
ESGWireNews is powered by IBN
