RE: US energy committeeFrom the article:
“There’s no reason to panic, but every reason to be smart and serious as we plan for growing global demand for products that contain rare earth metals,” Sandalow said in testimony submitted to the Energy and Natural Resources Committee, which held a hearing on the issue Thursday.
The strategy will call for U.S. production and other avenues for obtaining the materials.
“To manage supply risk, we need multiple, distributed sources of clean energy materials in the years ahead. This means taking steps to facilitate extraction, refining and manufacturing here in the United States, as well as encouraging our trading partners to expedite the environmentally sound creation of alternative supplies,” Sandalow said. The plan also calls for greater recycling and re-use, and developing substitutes."
This is really good, and will drive focus onto Ucore as the highest concentrated Heavy Rare Earths on US soil.
I'm surprised that this stock is moving higher on the fact this report is coming out this month. You can count the amount of US companies that have Heavy Rare Earths on only one hand. Of those companies, the costs of production of Ucore must be much lower, because they are right on the coast of a 365 day a year non-frozen sea port. That avoids all sorts of permits that would otherwise be required to make roads and so forth.
Looks good to me.
Good luck to all,
x