Ucore Rare Metals Inc (UURAF)

[chico237]

Vital Metals (ASX:VML) strikes rare earths supply deal with Ucore
https://themarketherald.com.au/vital-metals-asxvml-strikes-rare-earths-supply-deal-with-ucore-2021-10-19/

The two companies have signed a memorandum of understanding (MoU) that will see Vital sell a minimum of 500 tonnes of rare earth oxides — excluding cerium — to Ucore per year, starting from 2024.

By 2026, however, Vital plans to supply to Ucore at least half of the material needed to support the Canadian company’s envisioned 5000-tonne-per-year total rare earth oxide processing capability.

Vital Metals produces rare earth concentrate from its flagship Nechalacho project in Canada’s Northwest Territories (NWT). The rare earth carbonate feedstock to be supplied under today’s early-stage business deal will be for Ucore’s ALASKA2023 project.

Supply Lines forming up... I do not currently hold any shares here.
Might grab a few once again here at this price point; as recent events IMHO make their Rapid SX separation facility take a step closer to "finally becoming a reality"...


Chico