- Ucore Rare Metals Inc. (News)
HALIFAX, NOVA SCOTIA — (May 4, 2021) — Ucore Rare Metals Inc. (“Ucore” or the “Company”) (TSXV:UCU) (OTCQX:UURAF) is very pleased to announce that the Company’s wholly owned subsidiary, Innovation Metals Corp. (“IMC”), has entered into a Technology Testing Agreement (“TTA”) with a mining company (the “REE Producer”), located in a US-allied country whose principal product from its current mining operations is a mixed rare-earth element concentrate (“MREC”). The purpose of the TTA is to generate empirical data for joint evaluation by IMC and the REE Producer regarding IMC’s proprietary RapidSX™ separation technology for the separation of the REE Producer’s MREC. The goal is focused on producing high-purity rare-earth element oxides (“REOs”) required for the global rare-earth element (“REE”) permanent-magnet industry. Pursuant to the TTA, the name of the REE Producer and certain specific terms of the TTA will remain confidential.