Ucore Rare Metals Inc (UURAF)

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Ucore announces the execution of a multi-decade lease for an 80,800 square foot brownfield facility on a 10.7+ acre industrial parcel for its developing rare earth element processing facility in Alexandria, Louisiana


Halifax, Nova Scotia (January 4, 2024) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or the “Company”) is pleased to announce the January 1, 2024, acquisition of an 80,800 square foot brownfield facility on a 10.7+ acre industrial parcel for the development of its first commercial rare earth element (“REE”) processing facility in Alexandria, Louisiana. This selected site for the Louisiana Strategic Metals Complex (“LA-SMC”) is secured through a multi-decade lease with the England Economic and Industrial Development District (“EEIDD”) at their England Airpark complex. The England Airpark is a former 3,600-acre Air Force base dedicated to generating economic development in Central Louisiana.