Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a company developing specialized rare earth element (“REE”) separation and processing solutions, is playing a role in reasserting North America’s independence in tech resource mining. “The company is preparing to demonstrate its proprietary RapidSX(TM) process for the low-cost separation and purification of REEs through an accelerated form of solvent extraction at a demonstration plant in Ontario. Commissioning of the plant is currently underway… Ucore then intends to demonstrate its position as an REE thought leader by building a ‘Strategic Metals Complex’ (‘SMC’) processing facility in Louisiana later this year, followed by additional SMCs at sites in Alaska and Canada. The SMC processing facilities network, using Ucore’s RapidSX(TM) technology to improve on the standard SX solvent extraction process used by 100% of all REE producers worldwide, has the potential to help the West retain control of its supply chain for the mineral resources,” a recent article reads. “Ucore aims to employ its RapidSX(TM) processing technology and SMCs in quickly moving mined rare earths to market domestically, using ‘allied’ rare earth feedstock derived from mines around the world, according to an Alaska Journal of Commerce report.”
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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 has an effective 100% ownership stake in the Bokan-Dotson Ridge Rare Earth Element Project in Southeast Alaska, USA. 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 Alaska and Canada and the longer-term development of Ucore’s heavy-rare-earth-element mineral-resource property at Bokan Mountain on Prince of Wales Island, Alaska. 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 https://ucore.com/corporateupdate.
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