Valued at over $5 billion, the rare earth metals market is projected to grow at a CAGR of 12.3 percent, resulting in a value of $9.6 billion by 2026, and growing tensions between the United States and China make North American operations critical.

Utilizing an ESG-centered plan, Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF)and its powerful new metals separation technology company are on a mission to establish a comprehensive North American critical metals supply chain. The company’s superior commercial-ready technology, RapidSX, separates and purifies critical metals. Ucore intends to deploy its technology to pursue a critical metals supply chain independent of China. 

The firm plans to develop its first Strategic Metals Complex for REE separation in Louisiana and has received a non-binding LOI from the Louisiana Economic Development organization for a 10-year $9.6 million-plus tax incentive package (over the first 10 years of operation) in consideration of Ucore’s projected investment of $55 million for the Louisiana facility. Canadian shares were trading flat at $0.66, while U.S. shares were trading up at $0.49 in afternoon trade.

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