Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a critical metals company, is aggressively working to become a leader in solutions for improving the separation of rare earth elements (“REEs”) from mined ores in order to secure a stronger position for American REE production. “The key to Ucore’s solution is its development of a solvent extraction process that will not only be the only one based in the Western Hemisphere, but that will be superior to the universally used SX (also known as CSX) extraction process. Ucore’s RapidSX(TM) process is at least three times more efficient than the SX standard, requires less overall processing time, and costs less for construction and operation, according to independent evaluations of Ucore’s technique,” a recent article reads. “The [Ucore] business plan revolves around the fact that there are a lot of resources in the rare earth space that are evolving outside of China. But they don’t have the critical mid-market separation, so what we’ve said is, ‘let’s get that mid-market separation done.’ By doing that, we’re actually unlocking the resources for downstream customers,” Ucore CEO Pat Ryan is quoted as saying. “We’ll arrange the work relationship upstream; we’ll deal with the downstream customers – automotive, wind energy, high energy motors.“
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About Ucore Rare Metals Inc.
Ucore is focused on rare- and critical-metal separation technologies targeting production, scalability and growth. Ucore’s vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the nascent North American rare earth element supply chain. This plan includes the near-term development of a heavy and light rare-earth processing facility in Louisiana, with subsequent facilities in Canada, Alaska 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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