Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) is steadily and quickly developing its infrastructure for North America-based rare earth element (“REE”) processing, strengthening its competitive position and ability to disrupt the People’s Republic of China’s control of the North American REE supply chain. “Ucore began demonstrating the performance of its proprietary RapidSX(TM) solvent extraction process during the spring at an Ontario, Canada facility, and on June 29 the company announced acquisition of a third REE feedstock for the demonstration plant, establishing it as a first-of-a-kind facility in North America… The Canadian demonstration plant is designed to show how RapidSX can process varied light and heavy REE feedstocks through the same circuit and to provide a direct comparison of its output with that of a corresponding standard SX mixer settler pilot plant,” a recent article reads. “We believe that Ucore’s Kingston, Ontario, Demo Plant is currently the largest heavy REE separation plant in North America,” Ucore Vice President and COO Mike Schrider is quoted as saying. “It is capable of processing tens of tonnes of light and heavy REEs utilizing the exact same equipment — and represents a unique technological advantage as North America endeavors to compete on the global stage to produce individual rare earth oxides required to support the growing EV industry.”
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About Ucore Rare Metals Inc.
Ucore is focused on rare- and critical-metal resources, extraction, beneficiation and separation technologies with the potential for production, growth and scalability. Ucore’s vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People’s Republic of China’s control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the U.S. state of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore’s 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA. Ucore is listed on the TSXV under the trading symbol UCU and in the United States on the OTC Markets’ OTCQX(R) Best Market under the ticker symbol UURAF. For further information, please visit www.ucore.com/corporateupdate.
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