Attention must be paid to the heavy rare earth sectors which is dominated by the Chinese. Tensions are increasing between the West (US, Europe and Japan) and the East (China and Russia) over trade, territories and natural resources. No where is this more apparent than in the rare earth metals. These metals are critical for our high tech military applications, permanent magnets and green energy. The U.S. imports close to 100% of this material from China. This may soon change as the Alaskan Legislature unanimously approved a $145 million bond which will allow Alaska to issue bonds for Ucore Rare Metals (UCU.V or UURAF) Bokan Heavy Rare Earth Deposit. All 38 Alaskan representatives in attendance voted in favor of the bill which would allow Alaska to fund the infrastructure and capital costs at the mine.
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Ucore Rare Metals Marches Closer To Production On Alaskan Bond Approval
