Ucore Rare Metals Inc (UURAF)

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Ucore Partners with Major Oil Sands Producer for Recovery of Technology Metals

July 18, 2016 – HALIFAX, NOVA SCOTIA – Ucore Rare Metals Inc. (TSXV:UCU) (OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to announce that it has partnered with an undisclosed Major Alberta Oil Sands Producer (MOSP), for the purpose of recovering rare earth elements (REE) and other technology metals from Alberta oil sands operations (the “Partnership”). Concurrent with this announcement, the Partnership has obtained a funding grant from the Government of Canada through the Industrial Research Assistance Program (“IRAP”). The grant will be utilized to apply SuperLig® Molecular Recognition Technology (“SuperLig®”) to bench scale separations of a number of valuable metals from a Pregnant Leach Solution (“PLS”) derived from the tailings of the MOSP’s process flow. As part of the project, Ucore will be tailoring the process to be compatible with the Company’s SuperLig®-One pilot facility.

“This high profile project truly shows the versatility of SuperLig® across a diverse range of feed-stock alternatives, including not just in-situ mining facilities, but process-flow and tailings management facilities as well” said Jim McKenzie, President and CEO of Ucore. “The substantial production volumes available through oil sands production, in combination with the extraordinary selectivity of SuperLig®, offers a compelling large scale industrial opportunity for the SuperLig platform.”



Read more at:

http://ucore.com/ucore-partners-with-major-oil-sands-producer-for-recovery-of-technology-metals