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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 Rapidsx1on Jul 24, 2024 10:20pm
179 Views
Post# 36147284

"the DOD is considering a MAJOR investment"

"the DOD is considering a MAJOR investment"
Jack says in a new artcle, just released (https://investornews.com/critical-minerals-rare-earths/jack-lifton-cracks-the-us-critical-mineral-policy-code/).
 
This, follows Jack saying to Pat in his recent interview that "they [DOD] seem to be backing you to the hilt" (https://youtu.be/b_qSy_dM99U?si=c57nzDCg4xgMn13U).
 
To the hilt? Major investment? Do you think they are talking about some measly $4 million or $10 million grant? Do you think Jack doesn't know the meaning of "to the hilt"?
 
Let's recap: 
 
**** Lynas got $258 million from DOD for its Texas facility (https://www.reuters.com/markets/commodities/lynas-rare-earths-signs-updated-contract-with-us-govt-texas-facility-2023-07-31/) . 
 
 
****VAC got $94 million from DOD and a $112 million credit from the IRA (https://www.wistv.com/2024/03/07/e-vac-magnetics-conduct-groundbreaking-ceremony-sumter-county-facility/)
(https://www.fastmarkets.com/insights/e-vacs-rare-earth-magnet-factory-tax-credit-ira/)
 
 
****MP Materials got various grants and credits totaling $103 million
(https://www.mining.com/mp-materials-awarded-58-5-million-tax-credit-for-texas-rare-earth-magnet-factory/)
(https://www.defense.gov/News/Releases/Release/Article/2418542/dod-announces-rare-earth-element-awards-to-strengthen-domestic-industrial-base/)
(https://mpmaterials.com/articles/mp-materials-begins-construction-on-texas-rare-earth-magnetics-factory-to-restore-full-us-supply-chain/)
 
**** Ucore so far has only gotten $4 million.
 
And Jack writes that DOD is "considering funding a heavy rare earth separation plant in Louisiana to be built by Ucore as a backup(?) to the Lynas’ facility in Texas."
 
 
This is big! We are not talking about some small number here, folks. We are talking about a HUGE number!!!
 
:0

 
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