Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) today announced the selection of an 80,800 square-foot brownfield facility within the England Airpark in Alexandria, Louisiana, as the location for its planned Louisiana Strategic Metals Complex (“LSMC”) rare earth element (“REE”) separation and oxide production facility. “Ucore has executed a very focused plan to establish its first rare earth processing plant within an existing brownfield facility,” said Pat Ryan, P.Eng., Ucore chairman and CEO. “This plan accelerated once Ucore narrowed its U.S. Gulf Coast search to Louisiana and worked through many excellent potential sites throughout the state. Critical success markers included streamlined logistics, access to chemicals and reagents, attractive energy costs, labor pool robustness, room for ramp-up and production expansion, and community support, including technical education infrastructure. Several communities around the state were very seriously considered, yet England Airpark and the community of Alexandria presented local partnership and expansion opportunities to ensure Ucore achieves and perhaps exceeds its original objectives.”
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About Ucore Rare Metals Inc.
Ucore is focused on rare- and critical-metal separation technologies targeting production, scalability and growth. Ucore’s vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the nascent North American rare earth element supply chain. This plan includes the near-term development of a heavy and light rare-earth processing facility in Louisiana, with subsequent facilities in Canada, Alaska and the longer-term development of Ucore’s heavy-rare-earth-element mineral-resource property at Bokan Mountain on Prince of Wales Island, Alaska. Ucore is listed on the TSXV under the trading symbol UCU and in the United States on the OTC Markets’ OTCQX(R) Best Market under the ticker symbol UURAF. For further information, please visit https://ucore.com/corporateupdate.
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