Strategic Materials
Policy Tracker
← Capital
CACanadaFederal Economic Development Agency for Southern Ontario

Ucore Rare Metals Inc.

CommitmentInstrument not specifiedPublicDecided

fin-ca-g7-2025-ucore-feddev

Reading this record

What the evidence says — and does not say

What kind of figure?
CommitmentMoney, or a money-like promise, committed to a named recipient or project. The only role ever summed.
What has happened legally?
DecidedThe provider has decided to invest, lend or award, including a conditional commitment.
Has money been paid?
Follow the payment evidenceThis status does not itself establish a cash payment. In particular, a signed contract does not necessarily establish an obligation of funds.
What does it link to?
Project attributionOne registered project is linked directly to this row. The link alone does not prove the amount was paid or that the project advanced.

This is a commitment role, but the financial status still determines legal standing and payment. Funding and verified industrial outcomes remain separate. A financial record alone never independently verifies construction, commissioning or production. Read SMPT's counting and evidence rules.

Amount

up toCAD10 million

As stated “up to $10 million through the Federal Economic Development Agency for Southern Ontario”

CAD 10,000,000 · Up to · Currency read from the issuing government

Place in the money chain

A figure is never counted together with a figure it is part of or drawn from.

Record

Provider
Federal Economic Development Agency for Southern OntarioFederal Economic Development Agency for Southern OntarioGovernment body
Legal authority
Not stated
Programme
None named
Recipient
Ucore Rare Metals Inc.Ucore Rare Metals Inc.Company
Project
Ucore commercial rare earth processing facility, Kingston capital stack →
Facility
Not stated
Location
Kingston, OntarioCA
Stages
Separation, RefiningSeveral stages, split not stated
Materials
Rare earth elements (grouped)Tracked materials only

Status

Financial and physical progress are separate histories. The last entry is current.

Financial

  1. Decidedcurrent

    Part of a "conditionally approved investment".

    Natural Resources Canada

Implementation

  1. Announcedcurrent

    Proposed first commercial samarium/gadolinium processing facility in Kingston. Existing demonstration-plant operations and Louisiana commercial-facility development are distinct projects; no later physical stage for this proposed Canadian commercial facility was established in the reviewed sources.

    Ucore Rare Metals Inc.

Notes

Lifecycle review on 2 October 2026: the 26 August 2026 MD&A states there was no definitive agreement for either Canadian component as of that filing. Reviewed later sources did not establish execution or disbursement of this funding, so the original conditional decision is retained. The proposed Canadian commercial facility is distinct from the operating Kingston commercialization/demonstration facility, its earlier CMRDD contribution agreement, the US-funded development program and the Louisiana commercial facility.

Evidence

Every populated field names the source that states it, how directly, and where.

  1. Backgrounder: Canada unlocks 26 new investments and partnerships with 9 allied countries to secure critical minerals supply chains

    Natural Resources Canada

    Fields supported
    Instrument · Value role · Capital source · Amount · Provider · Recipient · Status · Project · Location · Materials · Related commitments
    Evidence level
    Explicit
    Location in document
    Ucore paragraph
    View source dossier →

  2. Backgrounder: Canada unlocks 26 new investments and partnerships with 9 allied countries to secure critical minerals supply chains

    Natural Resources Canada

    Fields supported
    Supply-chain stages
    Evidence level
    Ambiguous
    Location in document
    Ucore paragraph
    Qualification
    Refining samarium and gadolinium with RapidSX separation technology, coded as separation and refining.
    View source dossier →

  3. Ucore Receives Conditional Approval from the Government of Canada for up to $36.3M for Canadian Rare Earth Processing

    Ucore Rare Metals Inc.

    Fields supported
    Status · Project
    Evidence level
    Explicit
    Location in document
    Opening paragraphs and contribution-agreement conditions
    Qualification
    Conditional funding for a proposed Canadian commercial facility, subject to due diligence and execution of a contribution agreement.
    View source dossier →

  4. Ucore Rare Metals Inc. Management Discussion and Analysis for the three-month and six-month periods ended June 30, 2026

    Ucore Rare Metals Inc.

    Fields supported
    Status
    Evidence level
    Explicit
    Location in document
    Government of Canada Funding for a Samarium and Gadolinium Facility
    Qualification
    The 26 August 2026 MD&A explicitly states that neither Canadian definitive agreement exists as of its date; demonstration and Louisiana work are described separately.
    View source dossier →

  5. Ucore Secures Additional US$4.6 Million from U.S. Department of War to Advance Samarium and Gadolinium Refining

    Ucore Rare Metals Inc.

    Fields supported
    Status
    Evidence level
    Explicit
    Location in document
    Opening paragraphs and program scope
    Qualification
    Executed US award modification concerns Kingston process development and Louisiana Enhanced Machine A. It does not establish execution or payment of this Canadian package or construction/operation of its proposed Canadian commercial facility.
    View source dossier →