Ucore Awarded Funding by Ontario Critical Minerals Innovation Fund
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Ucore Rare Metals Inc. has received $500,000 from Ontario's Critical Minerals Innovation Fund to advance its RapidSXTM Commercial Demonstration Facility in Kingston, Ontario.
January 21, 2025 | 12:30 pm
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Ucore Rare Metals Inc. has been awarded $500,000 from Ontario's Critical Minerals Innovation Fund to enhance its RapidSXTM Commercial Demonstration Facility. This funding is non-dilutive, meaning it won't affect the company's share structure.
The funding is a positive development for Ucore as it supports the advancement of their facility without diluting shares, which is beneficial for current shareholders. This could lead to increased operational efficiency and potential future revenue growth.
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