- Ucore (UCU) recaps its 2021 rare earth supply chain groundwork accomplishments and outlines direction for 2022
- With this primary purpose, the Ucore Team aggressively progressed its corporate goals towards establishing this supply chain groundwork
- Commercializing Innovation Metal Corp.’s RapidSX™ technology for commercial deployment into its planned SMCs
- Conducting Alaska SMC financing, engineering, permitting and community/stakeholder engagement activities
- Up to 80 per cent of the initial development funds for this facility may be available through access to SEC’s existing state
- Ucore Rare Metals Inc. (UCU) is up 1.68 per cent, trading at C$1.21 at 12:05 pm EST
Ucore Rare Metals Inc. (UCU) has shared its North American rare earth element supply chain groundwork activities, accomplishments and plans for 2022.
“Ucore has a very definitive vision and plans for an independent and comprehensive North American rare earth element supply chain,” stated Pat Ryan, P.Eng., Ucore Chairman and CEO.
“The ability to separate rare earth elements into oxides does not exist in North America today and is, therefore, the central objective of Ucore,” added Ryan.
With this primary purpose, the Ucore Team aggressively progressed its corporate goals towards establishing this supply chain groundwork comprised of four all-important business objectives, namely:
Commercializing Innovation Metal Corp.’s RapidSX™ technology for commercial deployment into its planned SMCs.
Conducting Alaska SMC financing, engineering, permitting and community/stakeholder engagement activities for the near-term implementation of critical midstream processing of REOs as outlined in its ALASKA2023 plan and the company’s broader international ambitions.
Ucore will be continuing the development of the Alaska SMC Project, including but not limited to:
Financing Initiatives, establishing a memorandum of agreement with Alaska’s Southeast Conference to establish a joint enterprise facility in Ketchikan, Alaska, to house Ucore’s Alaska SMC plant under a long-term lease arrangement.
Up to 80 per cent of the initial development funds for this facility may be available through access to SEC’s existing state and federal grant economic development funding programs.
Ucore is also looking at continuing to progress the development of Bokan which will consist of an April 2021 commencement of the mill flowsheet design development at SGS Canada Inc.
To include the potential recovery of the co-products beryllium, zirconium, niobium and hafnium along with an optimized REE recovery.
This test work is approximately two-thirds complete and will ultimately lead to a finalized flow sheet design to allow the commencement of pilot-scale testing from Bokan mineralized material to generate an optimized mineral concentrate.
This will be followed by the generation of an MREC for testing at IMC’s Commercialization and Development Facility in Kingston, Ontario, Canada, as part of a planned pre-feasibility study and/or feasibility study.
Ucore is focused on rare- and critical-metals resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability.
Ucore has a 100 per cent ownership stake in the Bokan-Dotson Ridge Rare Earth Element Project in Southeast Alaska, USA.
Through strategic partnerships, Ucore’s vision includes disrupting the People’s Republic of China’s control of the US REE supply chain through the development of a heavy-rare-earth processing facility – the Alaska Strategic Metals Complex in Southeast Alaska and the long-term development of Ucore’s heavy-rare-earth-element mineral-resource property.
IMC has developed the proprietary RapidSX™ process, for the low-cost separation and purification of rare-earth elements, Ni, Co, Li and other technology metals, via an accelerated form of solvent extraction.
Ucore Rare Metals Inc. (UCU) is up 1.68 per cent, trading at C$1.21 at 12:05 pm EST.
