Ucore Rare Metals initiated with a Buy at Lucid Capital

Lucid Capital analyst Alex Fuhrman initiated coverage of Ucore Rare Metals (UURAF) with a Buy rating and $12 price target The firm says the company’s patent-pending RapidSX technology is well positioned to address the bottleneck in heavy rare earth separation. RapidSX has demonstrated the ability to separate both light and heavy rare earths, the analyst tells investors in a research note. Lucid believes heavy rare earth separation “remains the weakest link in the North American rare earth supply chain.”