Ucore Rare Metals Inc (UURAF)

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Ucore Announces Development
of US Strategic Metals Complex

November 15, 2016 – HALIFAX, NOVA SCOTIA – Ucore Rare Metals, Inc. (TSXV:UCU) (OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to announce the initiation of development of a US-based Strategic Metals Complex (the “SMC” or the “Production Plant”) designed to capitalize on the technology platform advanced via the Company’s recently completed SuperLig®-One pilot facility near Salt Lake City, Utah (“SuperLig®-One” or the “Pilot Plant”).

SuperLig® Strategic Metals Complex

In September, Ucore announced the successful completion of industrial scale tests of the SuperLig®-One test program (see Ucore Press Release dated Sept. 26, 2016). During the intervening weeks, Ucore has engaged in planning and development exercises with IBC Advanced Technologies, Inc. (“IBC”) of American Fork, Utah. The discussions have centered on the deployment of Molecular Recognition Technology (“MRT”) as part of a Strategic Metals Complex. The SMC will be comprised of a multi-metals production plant designed to receive and separate feedstock containing critical materials such as Rare Earth Elements (“REE”) (e.g., dysprosium, neodymium, terbium and others), and Platinum Group Metals (“PGM”) (rhodium, palladium and platinum).

“This Strategic Metals Complex represents not just a transition by Ucore towards near-term production and revenue,” said Jim McKenzie, President and CEO of Ucore. “It represents a reaction to a very real domestic need for high-purity energy metals. In turn, the SMC represents a significant progression for Ucore, capitalizing on the innovative design of SuperLig®-One, and leveraging this platform in to full scale production.”


Read more at:
http://ucore.com/ucore-announces-development-of-us-strategic-metals-complex