Ucore announces $4 million award from the US Department of Defense

Ucore Rare Metals (TSXV: UCU) announced on Tuesday that its wholly owned subsidiary, Innovation Metals Corp. (IMC), had been awarded a firm-fixed-price US$4 million by the US Army Contracting Command-Orlando to conduct a rare earth element separation technology capabilities prototype project at the companys RapidSX Commercialization and Demonstration Facility in Kingston, Ontario.

We believe that Ucore has one of the Wests most compelling rare-earth-supply chain business models, stated Pat Ryan, Ucore Chairman and CEO. This US-DoD Project will allow us to demonstrate the RapidSX technology platform for rare earth element separation and will include original equipment manufacturers qualification trials in coordination with our commercial development activities at the Companys planned Louisiana SMC.