The Conversation (0)
Ucore Rare Metals (TSXV:UCU) (OTCQX:UURAF) (“Ucore” or the “Company”) applauds the Trump Administration for issuing an Executive Order that fundamentally changes the way the United States views its national security and critical minerals policy. President Trump signed the Executive Order on Wednesday instructing his deputies to develop a strategy to end the United States’ reliance on imports for minerals that …
Ucore Rare Metals (TSXV:UCU) (OTCQX:UURAF) (“Ucore” or the “Company”) applauds the Trump Administration for issuing an Executive Order that fundamentally changes the way the United States views its national security and critical minerals policy.
President Trump signed the Executive Order on Wednesday instructing his deputies to develop a strategy to end the United States’ reliance on imports for minerals that are “vital to the Nation’s security and economic prosperity.” The order acknowledges that continued reliance on foreign nations such as China for a critical supply of minerals is dangerous and jeopardizes the United States’ technological superiority and military readiness.
Jim McKenzie, President & CEO of Ucore:
“This EO represents a turning point in US critical mineral policy, and a sea change in thinking from the past 30 years. It portends the dropping of unnecessary and duplicative regulatory barriers, the opening of capital markets to mining investment, and the US government finally embracing the link between critical materials and national security.
With our plans for strategic metals production capabilities in Southeast Alaska and with significant strategic minerals resources at hand, Ucore is well positioned to take advantage of this Executive Order and its benefits.”