In this InvestorIntel interview during PDAC 2023, Byron W King talks to Ucore Rare Metals Inc.’s (TSXV: UCU | OTCQX: UURAF) CEO and Chairman Pat Ryan about an update on Ucore’s RapidSX™ Demonstration Plant for the separation of heavy and light rare earth elements. With a focus on high-margin midstream processing, Pat discusses Ucore’s RapidSX™ technology platform that can process rare earths and produce an output that is 3-5 times greater than conventional solvent extraction in addition to reducing the CAPEX and OPEX.
As Ucore is focused on critical metal separation and refining in North America, particularly for heavy rare earths, Pat provides an update as Ucore shifts from its commercial demo plant in Kingston, Ontario to a planned Strategic Metals Complex in the state of Louisiana after receiving a $15 million incentive package from Louisiana Economic Development. He mentions the new Louisiana facility is targeted for operations by the end of 2024.
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 has an effective 100% ownership stake in the Bokan-Dotson Ridge Rare Earth Element Project in Southeast Alaska, USA. 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 US State of Louisiana, subsequent SMCs in Alaska and Canada and the longer-term development of Ucore’s heavy-rare-earth-element mineral-resource property at Bokan Mountain on Prince of Wales Island, Alaska.
Disclaimer: Ucore Rare Metals Inc. is an advertorial member of InvestorIntel Corp.
This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.
This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.
Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.