Ucore–Critical Metals REE Offtake Deal Signals North American Processing Push

Ucore

Ucore–Critical Metals REE offtake deal secures Greenland feedstock for Ucore’s US processing plans. The Ucore–Critical Metals REE offtake deal covers 10,000t/yr of rare earth concentrate. The Ucore–Critical Metals REE offtake deal runs for ten years and targets US magnet supply chains.

Long-term feedstock from Greenland to Louisiana

Ucore will receive 10,000t/yr of REE concentrate from Tanbreez. That equals about 10% of Tanbreez’s initial output. The non-binding LOI sets a ten-year term. Ucore plans conversion at its Strategic Metals Complex in Alexandria, Louisiana. The complex will produce separated rare earth oxides from mixed carbonates. Initial volumes will run through Ucore’s commercial demo facility in Kingston, Ontario. This staged ramp reduces technical and logistics risk.

Financing, permitting, and industrial context

The Louisiana plant broke ground in May with federal and state backing. US DoD funding totals $18.4mn. Additional state support underpins site development. The agreement diversifies feedstock away from China-centric processing. Therefore, the deal aligns with US critical minerals policy. It also advances a North American heavy and light rare earth pathway. Timing still depends on Tanbreez’s execution and shipping cadence.

Ucore positions the complex as a mid-stream anchor. Meanwhile, OEMs seek reliable NdPr, Dy, and Tb oxide supply. Consistent feed should strengthen offtake terms downstream. As a result, magnet makers may gain qualification optionality in North America.

The Metalnomist Commentary

This LOI is strategically important, even if non-binding today. Watch for binding conversion, shipping schedules, and oxide qualification milestones. Execution at Tanbreez and Alexandria will determine real market impact.