Bullboard - Stock Discussion Forum Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s): UURAF

Metals & Mining Industrial Metals & Minerals

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.

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TSXV:UCU - Post Discussion

Ucore Rare Metals Inc. > Where the 55 million might come from?

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Post by Dragonsmyth7 on Oct 18, 2022 1:08am

Where the 55 million might come from?

Dear Pip,
I agree that the latest is good news, like you I don't think it will do much for stock price yet. Maybe a bump to a buck a share. If it does more great.
Okay, where? If you watch video with Mike, you will learn that Ucore has lined up more than three sources for REE feedstock and that they are not all from the US or CA. But more importantly you will learn that Ucore has three OEM auto companies lines up for outtake agreements. The last source of funding is the US government. Congress just passed the infrastructure bill with a lot of money set aside for REE development and infrastructure. New REE mines and plants. So between the three auto companies and the USG I think that 55 million will not be a problem.
Have a good time on vacation. I hope you like it warm, because 80, 85 it the new norm. Trade winds is slow to come this year.
Night,
Dragon

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