Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) has conducted the initial programmatic post-award conference with the U.S. Department of Defense (“DoD”) for the company’s recently announced US$4 million other transaction agreement (“OTA”). According to the update, the Rare Earth Element (“REE”) Separation Technology Capabilities Prototype Project, administered by the U.S. Army Contracting Command-Orlando (“ACC-ORL”), is taking place at Ucore’s RapidSX(TM) Commercialization and Demonstration Facility (“CDF”) in Kingston, Ontario. The project is utilizing the company’s 52-Stage RapidSX(TM) Demonstration Plant (“Demo Plant”) for the separation of mixed heavy and light REE concentrate feedstocks. “Ucore is very pleased to have been awarded this project by the U.S. government,” said Mike Schrider, P.E., Ucore’s VP and COO. “Last week’s kickoff meeting allowed us to present our current detailed project plan of execution to the DoD and ultimately incorporate our potential pathway to rare earth commercial separation through the Louisiana Strategic Metals Complex [‘SMC’] in Alexandria. The OTA has a provision for potential follow-on opportunities for deployment of the RapidSX(TM) technology in the United States — this is a critical aspect of ensuring the United States has access to modern critical metals separation technologies that are competitive on the world stage.”
To view the full press release, visit https://ibn.fm/6H0YJ
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.
NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF
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