Lynas new impact of UcoreI have been giving this some thought. Besides my previous posts banging on about offtake agreements and government grants, this news about Lynas is extremely positive for Ucore. Various governments including the US must be worried about maintaining REE processing capabilities outside of China.
What does this mean for Ucore?
Firstly, the potential number and $ amount of government grants for Ucore should have gone up. Governments should logically allocate even more money to Ucore to help them build not only the LA plant but also additional processing plants. Tens of million of USD is a small price to pay for addressing a national security threat. So in addition to offtake agreements coming, I expect more and larger government grants which will help push along the announcement of a second Ucore processing plant.
I have a sizeable position in Ucore already at a low price ... now thinking about adding to my position. Pip, slap me now. I am getting greedy thoughts in my head