All Episodes

April 16, 2025 15 mins

In a candid interview with InvestorNews.com host Jack Lifton, a world-renowned critical minerals expert, Pat Ryan, CEO and Chairman of Ucore Rare Metals Inc. (TSXV: UCU | OTCQX: UURAF), delivered a powerful wake-up call regarding North America's critical vulnerabilities in rare earth supply chains, especially in light of escalating geopolitical tensions. Ryan revealed Ucore’s readiness to scale its Kingston, Ontario, facility from processing "tens of tons" to "hundreds of tons" of critical heavy rare earth elements, such as dysprosium and terbium, essential for defense and advanced technology sectors. He emphasized that with strategic upgrades, notably the addition of another RapidSX™ machine, the facility could quickly increase capacity to support urgent U.S. Department of Defense needs, stating, “the difficult job of getting to the terbium and dysprosium—that’s where the margin is, and that's where the opportunity is.”Responding directly to Jack Lifton’s inquiries about recent Chinese restrictions on strategic minerals, Ryan underscored the significance of samarium cobalt magnets, noting their critical use in defense systems due to their resistance to electromagnetic pulses from nuclear detonations. Despite samarium historically trading as low as "$3 or $4 a kilogram," he clarified its profound strategic importance, stating unequivocally, "when it becomes a matter of national defense... we’ll get you what you need." Ryan further explained that Ucore's proprietary RapidSX™ technology positions the company uniquely to rapidly meet this strategic need, pointing out that although the requested turnaround by U.S. officials is ambitious, Ucore is capable of swiftly producing separated samarium if provided with the necessary feedstock.Highlighting broader geopolitical implications in the interview, Ryan argued passionately against the shortsightedness of isolationist tariff policies, calling instead for a cohesive North American strategic partnership between Canada and the United States. He made a compelling case for prioritizing refining and processing capabilities over mere resource ownership, emphasizing, "you don't have to control the actual mineral resource... you’ve got to control the refining and processing." Ryan cautioned policymakers against antagonizing international sources of critical minerals, stressing the need for cooperative strategies rather than confrontational economic measures to secure a resilient and sustainable critical minerals ecosystem.

Mark as Played

Advertise With Us

Popular Podcasts

Stuff You Should Know
Dateline NBC

Dateline NBC

Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.

On Purpose with Jay Shetty

On Purpose with Jay Shetty

I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.