{kanada_flagge}Ucore Rare Metals (WKN A2QJQ4 / TSXV UCU) is making great progress with its rare earths separation demonstration plant in Kingston, Ontario. The plant uses the company’s proprietary, highly efficient and easy-to-implement RapidSX technology and is operated on behalf of Ucore by Kingston Process Metallurgy Inc.
{kanada_flagge}Ucore Rare Metals (WKN A2QJQ4 / TSXV UCU) is making great progress with its rare earths separation demonstration plant in Kingston, Ontario. The plant uses the company’s proprietary, highly efficient and easy-to-implement RapidSX technology and is operated on behalf of Ucore by Kingston Process Metallurgy Inc.
Ucore has now successfully completed the first phase of SX-1 synthetic monazite extraction circuit testing at the demonstration plant. SX-1 is designed to separate the so-called heavy rare earth elements (HREE) from light rare earth elements (LREE). As Ucore now reports, the results show that the targeted separation has been achieved and can be further improved by adjusting the operational parameters. Which is one of the goals of plant commissioning.
Once commissioning is complete, the demo plant will demonstrate the technical and economic advantages, scalability and commercial durability of the RapidSX technology platform. To this end, the demonstration plant will process tens of tons of mixed chemical rare earth concentrates from North American sources over thousands of hours of operation in a simulated production environment. The planned end products are high-purity NdPr, praseodymium, neodymium, terbium and dysprosium rare earths that will feed into the early stages of OEM qualification trials in Kingston and demonstration and verification trials in Louisiana.
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Ucore and partner Mech-Chem Associates, Inc., along with Kingston Process Metallurgy’s science team, are already developing the complete engineering for the first commercial separation plant, the company’s Strategic Metals Complex (SMC). Construction is scheduled to begin this year in the state of Louisiana, if all goes according to plan.
Then, starting in the first quarter of 2025, the SMC will initially process 2,000 metric tons of total rare earth oxides (TREO) per year before increasing throughput to 5,000 metric tons in 2026. In addition, Ucore said it is exploring the possibility of increasing plant throughput to 7,500 metric tons per year by 2028, owing to the specific characteristics of the SMC site in Louisiana.
Earlier this month, the company also had the opportunity to allow “dozens” of industry and government representatives to visit the Kingston facility, updating potential, strategic partners. According to Ucore CEO Pat Ryan, with whom Goldinvest.de was also able to interview at the world’s largest mining trade show, PDAC in Toronto, the company is also in ongoing discussions with potential customers who are already telling them their requirements for 2025.
The Ucore stock has gained about 76% since the end of 2022 and was even trading significantly higher. We are curious to see how the company will continue to develop and how the market will react to further, positive news – provided Ucore Rare Metals can continue to deliver, of course.
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