Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) today announced the acquisition of its third mixed rare earth element (“REE”) chemical concentrate at the company’s Kingston, Ontario-based RapidSX(TM) Commercialization and Demonstration Facility (“CDF”). According to the announcement, a U.S. mineralization source supplied the light REE feedstock that will be incorporated into the commissioning process for the 52-Stage RapidSX(TM) Demonstration Plant for the separation of mixed heavy and light REE chemical concentrates. “We believe that Ucore’s Kingston, Ontario, Demo Plant is currently the largest heavy REE separation plant in North America. 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,” said Mike Schrider, Ucore vice president and chief operating officer. “The underway commissioning process at the CDF is the single most significant leap in the development of the RapidSX(TM) technology platform and, once completed, will open the pathway to direct commercialization and monetization of Ucore’s business model.”
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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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