Ucore Rare Metals Inc. V.UCU

New Press Release - Ucore's Louisiana Rare Earth Refinery is Strategically Aligned with the United States' Objectives on Western Supply Chain Resilience

Halifax, Nova Scotia--(Newsfile Corp. - May 15, 2024) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to comment on the US Government's announcement to strengthen the developing American electric vehicle ("EV") market through increased tariffs on imports...read article.

[VeritasBob]

"as we increase production from 2,000 tonnes per annum to our planned total nameplate production of 7,500 tonnes per annum over our first few years of production"  The 1st step from 0 to 2000 tpa could be a bear. Increase from 2000 tpa to 7500 is over the first gew years of production, but when, if at all, will production actually start?

[PipinoCuevas]

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[VeritasBob]

"Ucore completion of an SMC". That should mean commercial production and sales, rather than meaning SMC is mechanically complete, with all equipment installed, but not producing/selling  commerically. The latter is much easier to achieve (or claim) than the former.

[VeritasBob]

"ucore will keep moving those goalposts.  SMC late 2026". Wasn't the customer need so urgent that Ucore had to go with a brownfield in Louisiana rather than a greenfield in Ketchikan to save a crucial year?

[PipinoCuevas]

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[PipinoCuevas]

This post has been removed in accordance with Community Policy