RE:Ucore is late, but will they be late on DOD?Dragonsmyth7 wrote: Good Evening all,
As most of us know Ucore is late most of the time. The latest example is the commissioning of the DEMO plant. About a year late to get it commissioned. The question is will Ucore be late getting heavy REEs separated for the DOD? They are suppose be done by June to get the second half of the award, the ten million get started money. This is the one time when it not shareholders who are waiting but the people with the money. Would DOD wait, yes they would. Only because there is no one else.
As for the OEM that Pat has talked about. First it was six, then three, now only one. If Ucore had a working commercial plant the was producing REE oxides, I can see them funding the second stage or third stage. I think it will be the DOD that funds the first stage.
Dragon
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They are suppose be done by June to get the second half of the award, the ten million get started money"
March 2025 is final results for production, having been submitted & evaluated.
The $10m has been clearly said is a potential follow-on after March 2025. Why is it so hard to follow? It's in pr's, the DOD links & videos.
There won't be "final" HREE in Q2.....in basic form, that even contradicts the project production end dates of Q1 2025.
I've found 3 HREE deposits that are saying they're going to be sending samples to "seperators". Some mention Ucore & others.
Point is....validates many months of 2024 & no way final results in Q2. But 2024 should be very solid foundation building that justifies moving past 2k tpa