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Investing.com - Raymond James initiated coverage on Ucore Rare Metals Inc (TSXV:UCU) with an Outperform rating and a price target of C$14.50.
The research firm cited Ucore’s development of a vertically integrated rare earth supply chain in North America as a key factor in its positive outlook for the company.
Raymond James highlighted Ucore’s proprietary RapidSX™ separation technology and its planned strategic metals complex in Louisiana as anchors of the company’s business strategy.
The firm noted that Ucore’s differentiated midstream processing model, strategic feedstock partnerships, and scalable technology platform position the company favorably in the market.
Raymond James expects Ucore to benefit from growing demand for domestic rare earth element production, which has become increasingly important for supply chain security in North America.
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