RE:Odds are very good the Ucore to Tokyo visit My19sixyNineZ wrote: was with Lynas' funding source --- JMOG,,,MEG...or whatever the symbol is today.
Either way, 2024 is ...... $55m for 5k tpa,,,,,peanuts for an REE separation tech that also proves out side by side
Same equipment for all REE's & an always overlooked aspect ---- price matching the chinese
Still waiting on the HREE Th/U extraction
That, + some alloy/magnet news & major aspects are validated.
Shall see.....
5k tpa traditional SX --- $300m Cap.
Ucore target Cap --- $55 - $60m.
Purity of feed is key.
Once proven out, IRA / DPA, Canadian, OEM, DOD contractors, electronics...on n on, all potential "funding" sources.
It's a beat down industry that absolutely can not continue to be 95% china dependent. This is no longer "2010" for the DOD
If the US finally admits securing sources is no longer simply writing a check, seeing feed go to china, then Ucore can score the unique break-through from many supporting co's....
RapidSX day of yes/no, will come....
but the industry needs back-room support from world govt's, to message china about trying any retaliation against companies multiple holdings, because they start transitioning to a new REE chain....
Personal bet is, new supply chain does finally come to life
Shall see....