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Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s):  UURAF

Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.


TSXV:UCU - Post by User

Post by VeritasBobon Apr 03, 2024 3:14pm
94 Views
Post# 35968576

My Red Cloud question 2 not chosen

My Red Cloud question 2 not chosen"High side of 20 million for equity/debt does not appear to account for extra 15 million for contingency.."

Context for question: Ryan showed a slide with cost of 5000 tpa plant and funding sources for it. Said cost was USD 50 million (USD 65 million with contingency). Ryan's determination of high end of debt/equity contribution was based on USD 50 million, not on USD 65 million. My guess is that all of the contingency will be needed, if not more. Contingency is almost always used, the more so when someone is trying to reduce sticker shock with optimistic base figure.

Ryan made it sound like the 10 million from DOD (for processing in Louisiana) has been appropriated in FY 24 budget, but was not crsytal cleat to me. Is that 10 million spelled out in the FY 24 budget which was enacted into law last month?
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