11:16 AM EDT, 10/10/2025 (MT Newswires) -- Ucore Rare Metals ( UURAF ) , which was up 13% to a multi-year high, confirmed Friday that it "does not require or intend to use" equipment sourced from the People's Republic of China for its U.S. heavy rare earth separation operations.

Ucore's equipment strategy for the Louisiana Strategic Metals Complex (LA-SMC), relies on North American and allied-nation suppliers.

The company was commenting on China's expanded export controls to five more rare earth elements, and some processing equipment and technologies.

"Today's expansion of Chinese export controls underscores why Ucore built its plan around North American and allied supply chains from day one," said Pat Ryan, chief executive officer. "Our RapidSX refining technology not only produces the same rare earth products, at the same quality, as legacy solvent extraction, but does so with a faster throughput in a much reduced floorspace, resulting in a number of economic and environmental advantages."

Ucore shares are up 13% to $8.71, on the TSX Venture Exchange.

Price: 8.80, Change: +1.09, Percent Change: +14.14