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The Pentagon is deepening its commitment to building a domestic supply chain for critical minerals, awarding Ucore Rare Metals Inc (TSX-V:UCU, OTCQX:UURAF) an $18.4 million contract to support the construction of its first commercial-scale rare earths separation facility in Louisiana. The award, announced Friday, comes just weeks after the US Department of Defense committed $400 million to MP Materials, signaling a broader effort to secure supplies of heavy rare earth elements (HREEs), key inputs in defense technologies ranging from precision-guided missiles to radar systems and F-35 fighter jets.
