Ucore Rare Metals Inc (OTCQX:UURAF) is among the rare earth stocks to buy with high upside. On March 6, Ucore Rare Metals Inc (OTCQX:UURAF) provided updates regarding its samarium and gadolinium rare earth oxides production project. This project is focused on producing these rare-earths for aerospace, defense, and strategic industrial supply chains.

According to Ucore Rare Metals, the Pentagon on March 1 requested proposals to boost domestic production of these rare-earths and other critical minerals. Additionally, the company says that US defense procurement restrictions regarding certain magnets are set to tighten significantly from January 2027. In light of these, defense contractors are in a rush to qualify Western-aligned sources of these rare-earths.

According to Ucore Rare Metals Inc (OTCQX:UURAF), its rare-earths production technology dubbed RapidSX is just what US defense contractors are looking for. It says RapidSX doesn’t rely on Chinese equipment or technology.

Ucore Rare Metals Inc (OTCQX:UURAF) has received around $22.4 million in Pentagon funding to support domestic production of heavy rare-earths. Last month, the company highlighted the sharp difference in rare-earth prices inside and outside China. It noted that some rare-earth prices were five times more outside China than inside. According to the company, this indicates a short supply of these elements, and that this situation enhances its rare-earths refining strategy.

Ucore Rare Metals Inc (OTCQX:UURAF) is a heavy rare-earth elements processing company. It’s headquartered in Canada but has projects in the US. Its flagship rare-earths project is in Alexandria, Louisiana, where the company is deploying its proprietary RapidSX separation technology.

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