{kanada_flagge}Ucore Rare Metals (TSXV UCU / A1C06Z) is working hard to commercialize its RapidSX technology platform for separating heavy and light rare earths. The plan is to take the knowledge gathered from the demonstration plant already underway in Kingston, Ontario, to optimize the process at the planned production facility to be built in the U.S. state of Louisiana. This is a critical step in the company’s development, which Ucore is supporting by adding recognized experts to the team.
{kanada_flagge}Ucore Rare Metals (TSXV UCU / A1C06Z) is working hard to commercialize its RapidSX technology platform for separating heavy and light rare earths. The plan is to take the knowledge gathered from the demonstration plant already underway in Kingston, Ontario, to optimize the process at the planned production facility to be built in the U.S. state of Louisiana. This is a critical step in the company’s development, which Ucore is supporting by adding recognized experts to the team.
Among others, they appointed Geoff Atkins as Vice President of Business Development, who not only has over 30 years of experience in senior positions in the mining sector in general, but also more than 15 years in the field of so-called critical minerals, and in particular in rare earth projects. In fact, he is one of the few mining managers outside of China who played an important role in the development of not one but two rare earth operations. One is Lynas’ Mt. Weld mine, and the other is Vital Metals’ Nechalacho. At Lynas, he held a number of positions, including responsibility for the construction of the rare earths project in Australia, but was also instrumental in the construction of the Lynas Advanced Materials plant in Malaysia and the development of long-term strategic plans.
Mr. Atkins is expected to use his expertise and experience in this area to, among other things, develop strategies to contract rare earth projects around the world to provide feedstock for Ucore’s plant. In doing so, he is expected to ensure that Ucore has a secure, diverse supply with minimal geopolitical risk and short development timelines. Already with the Nechalacho rare earth project, Mr. Atkins had succeeded in achieving production in just two years, while ten years or more is not uncommon in the industry.
In addition, the company made Jaan Hurditch, Engineering Director, a logical appointment as Mr. Hurditch has spent the past two and a half years at Ucore’s Innovation Metals subsidiary leading the development of the RapidSX™ hardware platform, culminating with its planned installation at the company’s commercial facility in Louisiana.
Even more interesting to us, however, is the appointment of Dr. Ahmad Hussein to the Ucore Advisory Board and to the position of Government Relations Officer. Dr. Hussein is to develop and maintain strategic relationships with Canadian and U.S. government agencies that stand ready to invest billions of dollars spread over the rest of the decade in essential so-called critical minerals projects North America!
Dr. Hussein’s previous international success in launching, scaling and financing renewable energy projects has positioned him to develop business relationships at all levels of government. In addition, he brings potential partners across the supply chain that add value to Ucore’s proprietary RapidSX™ technology platform and long-term strategic plans. Over the past year, significant advances in the company’s technology, market presence and commercialization efforts have provided the impetus to accelerate the company’s goals by expanding the capacity and focus of the Advisory Board, to which Dr. Hussein is a very welcome addition.
Bottom line: Ucore Rare Metals will not only soon building the first commercial facility for its RapidSX technology, but is already expanding its team to meet the new challenges. We look forward to hearing more on these topics in the coming weeks and months.
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