u/Nille123

I've already stated this in my previous post but a lot of interesting things are being said in the video.

- Feedstock from 5 different parts of the world are being tested in Kingston but will move to Machine A/Production Line 1 when finished. 2 from the Far East, 2 from South America and 1 from North America.

- Feedstock for Machine A has already been decided and will ship soon.

- FAT is done

- 30 people working at Ucore at this time

- Press release is coming shortly about machine A/Production Plan

- They waited on the government of both Canada and the US to provide more additional funding but ultimately decided to take matters into their own hands by raising equity themselves

- Sumitomo will provide more feedstock. 2/3rds of the provided feedstock will go back to Japan. 1/3rd stays in North America (Vulkan)

https://preview.redd.it/fuobap6c6huh1.png?width=461&format=png&auto=webp&s=7be730830ed8d4c0111d34acaa6648fee05e371e

Just received the following e-mail. I thought I'd share. If it's not readable, let me know and I'll add the e-mail in plain text.

Halifax, Nova Scotia, June 15, 2026 – Ucore Rare Metals Inc. (TSXV: UCU | OTCQX: UURAF) (“Ucore” or the “Company”) is pleased to announce a strategic cooperation framework with Sumitomo Corporation of Americas (“SCOA”) to support the development of a diversified rare earth supply chain across North America and allied markets.

Under the Agreement, signed on June 10, 2026, the companies will collaborate on sourcing rare earth feedstock for Ucore’s Louisiana Strategic Metals Complex (SMC) and downstream offtake development for separated rare earth products. The focus is on selected middle and heavy rare earth elements critical to high-performance magnets and advanced materials applications primarily in Japan while preserving feedstock for additional processing for North American and allied markets.

The collaboration is intended to combine Ucore’s developing RapidSX™ technology platform at its Louisiana (“SMC”) rare earth refinery with SCOA’s global sourcing, logistics, and market access capabilities, including in Japan, as the parties work to support more diversified rare earth supply chains. Furthermore, the companies intend to formally cooperate as project partners in Ucore’s previously announced Global Partnership Initiative with the Government of Canada.

Ucore is advancing its rare earth processing platform in North America, including the development of its planned SMC in Louisiana and continued commercial demonstration with the Government of Canada. SCOA has longstanding experience in the global rare earth industry, including sourcing, trading, and supply chain development.

As part of the framework, SCOA will serve as Ucore’s distribution partner for designated separated rare earth products sold to selected customer segments in Japan and other mutually agreed industrial applications.

The companies will work together to explore opportunities for cooperation across the rare earth value chain, subject to mutually agreed commercial terms and existing business arrangements.

China will address U.S. concerns regarding supply chain shortages related to rare earths and other critical minerals, including yttrium, scandium, neodymium, and indium. China will also address U.S. concerns regarding prohibitions or restrictions on the sale of rare earth production and processing equipment and technologies.