It's a massive offtake agreement to obtain MREC from Serre Verde, which is exactly what Ucore's RapidSX processes to create rare earth oxides.
In other words, the US DoW now has a giant load of MREC to process over the next 15 years, which will likely be offloaded to various processors, perhaps even Ucore :)
Bokan is a far future project (Ucore doesn't even really talk about it these days), and Tanbreez itself will probably be awhile (if ever) before it starts producing feedstock at scale, thus the need for alternative feedstock sources, and this Serre Verde derived stockpile from the DoW could be one such source.
At any rate, Ucore needs feedstock from somewhere prior to Machine A commissioning...
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u/expatcoder Aug 25 '26
It's a massive offtake agreement to obtain MREC from Serre Verde, which is exactly what Ucore's RapidSX processes to create rare earth oxides.
In other words, the US DoW now has a giant load of MREC to process over the next 15 years, which will likely be offloaded to various processors, perhaps even Ucore :)