Ucore Rare Metals Secures Decade-Long Greenland Rare Earth Supply for Louisiana Processing Facility

Ucore Rare Metals Inc. has signed a letter of intent with Critical Metals Corp. to secure a decade-long supply of rare earth concentrate from Greenland's Tanbreez project, marking a significant step toward North American rare earth independence. The agreement provides for up to 10,000 metric tons of heavy rare earth concentrate annually starting in 2027, which will serve as feedstock for Ucore's Department of Defense-supported Louisiana processing facility.

The timing of this agreement is particularly significant given the surging global demand for rare earth elements, which are critical components in clean energy technologies, electric vehicles, and national defense systems. Greenland's Tanbreez Project is recognized as one of the world's largest undeveloped rare earth resources, containing massive deposits of eudialyte rich in heavy rare earth elements. This partnership connects Greenland's vast mineral resources with Louisiana's strategic position as an industrial gateway for processing and distribution.

The Louisiana facility, detailed at https://ibn.fm/Ufn3x, is being designed as a first-of-its-kind rare earth separation plant capable of processing both light and heavy rare earths at commercial scale. This infrastructure development represents a crucial component in building a fully integrated North American supply chain that reduces dependence on foreign sources of critical minerals.

This supply agreement has substantial implications for multiple sectors, including national security, clean energy development, and technological innovation. By establishing a reliable North American supply chain for rare earth elements, the partnership addresses strategic vulnerabilities in critical mineral sourcing while supporting the growth of domestic manufacturing capabilities. The arrangement also positions North America to better compete in global markets for advanced technologies that rely on rare earth materials.

The non-binding LOI sets the framework for what could become a transformative partnership in the critical minerals sector, with potential ripple effects across multiple industries and geopolitical relationships. As nations increasingly prioritize supply chain security for essential materials, agreements like this one demonstrate how strategic partnerships can enhance economic resilience and technological sovereignty.