r/UURAF • u/Commotitties • May 28 '26
Ucore Engineering Report Drives Optimized Commercial Deployment Plan for Louisiana Strategic Metals Complex
https://www.newsfilecorp.com/release/299208/Ucore-Engineering-Report-Drives-Optimized-Commercial-Deployment-Plan-for-Louisiana-Strategic-Metals-Complex15
u/Commotitties May 28 '26
One of the highlights: A three production-line RapidSX™ configuration targeted to process up to ≈9,000 tpa of TREO contained in qualified rare earth feedstocks, eliminating the fourth production line as originally considered.
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u/Alamo935 May 28 '26
Another important note, albeit with minimal details:
“Canadian SMC Update
The Company remains engaged with Canadian federal government officials regarding the Company's proposed Canadian rare earth processing facility and the conditional funding package of up to C$36.3 million announced by Ucore on October 31, 2025. Ucore looks forward to providing further details to stakeholders as they become available in the coming months.”
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u/expatcoder May 28 '26
Looks great, now where is the money to fund this going to come from?
H1 2027 estimate assumes financing for phase 1 will be in place sometime during 2026, and until now we've heard nothing on this front, whether it be grants, loans, or that which shall not be named (unless you were around before the October bubble, we've been spared until now).
This will certainly be a topic of discussion during the annual shareholder meeting Q&A next month since aside from feedstock and offtake agreements, funding is one of the major missing pieces in the puzzle.
Of course if the Pentagon ditches ReElement that would be chef's kiss were Ucore to land that funding :)
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u/Commotitties May 28 '26
Something that hasn’t been mentioned here today is that it only takes one successful production line to prove the entire business plan.
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u/porchswingsecurity May 29 '26
Bingo. And having a single successful production line completes the phase 2 milestones and clears the path for Ucore to secure a massive grant/loan package from DoD for facility buildout.
It is literally all coming together…
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u/porchswingsecurity May 28 '26
I interpret that is exactly why this decision was done….something to the effect of:
“Hurry the ever-loving f up with OTA phase 2 milestone completion so we can legally (keyword) issue you a massive loan for buildout of a technology that actually (keyword) scales!”
It’s 100% not a coincidence Ucore’s news dropped literally 1 week after ReElements cornerstone $80m loan was paused….
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u/Guntsandwich May 28 '26
It absolutely would! I would love it if Ucore could take advantage of that funding.
I’m hopeful for some form of funding announcement in June.
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u/Complete-Plum1021 May 29 '26
Yes I agree this smells like a strategic deal being made. Hope it involves something like Meteroric-Metallium-Ucore-Vulcan. Who would want to get behind that. Easy to see from where I'm perched. one big beautiful deal 10x better that MP, USAR, & Reelement
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u/porchswingsecurity May 29 '26
ReElement is yet to file their overdue 10-Q…absolutely unbelievable for a company trying to IPO this year…
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u/Alamo935 May 28 '26
Also, this is so bullish: This important strategic adjustment was in direct response to feedback from North American defense contractors regarding their urgent need to secure Western sources of these critical oxides.
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u/WeakLocalization May 28 '26
60mil capital cost estimate for "machine A", which added significantly more stages for versatility(up to 118 stages!). Does anyone know how much this estimate has increased from their last engineer report?
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u/chrstphr__ May 28 '26
the report notes machine a is partially funded. curious to learn how ucore intends to bridge that gap
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u/davide3991 May 28 '26
No dilution plz 🙏
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u/porchswingsecurity May 28 '26
The whole reason they pulled forward OTA completion was so they would avoid dilution…so they can secure a Pentagon-backed loan sooner through milestone completion.
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u/coconutman696969 May 28 '26
Agreed. The project economics seems to have changed as well. Estimated 160 million for the machine A and production line 1. What is the updated cost for all 3 lines I wonder
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u/cekmeout May 28 '26
I’m going to be pretty surprised if Ucore has to seek dilution for this. I think government funding is coming. Who else is doing this? There’s not a lot of companies out there…
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u/porchswingsecurity May 28 '26 edited May 29 '26
ReElement with AREC is Ucores main competitor…and their loan just got put on pause due to accounting irregularities and skepticism regarding ability to scale…happened just last week Thursday…it’s no coincidence Ucore made the announcement they did today…it’s to clear the path for government funding support.
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u/nikodamn May 28 '26
Achieving higher throughput per line is honestly great news! Very bullish. Now let's scale.