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China Is Dominating Rare Earth Metals. So Is the REMX ETF
https://www.etftrends.com/beyond-basic-beta-channel/china-dominating-rare-metals-so-is-remx/ $UURAF $REMX
Shortage of rare earth metals could hinder climate efforts, report warns
https://www.wraltechwire.com/2021/05/05/shortage-of-rare-earth-metals-could-hinder-climate-efforts-report-warns/ $UURAF
Putz Mueler, Douginil, Chico237
Here is what Search Minerals (SHCMF) in Canada said about their Mixed rare earths, so unless they have a new agreement it would seem to rule them out. (That and they are not actively mining, at least only a limited amount to allow for processing tests.)
http://searchminerals.ca/assets/20210308_-_SMY_-_Corporate_Presentation_(PDAC)_(FINAL).pdf
"2020 Collaboration agreements with Saskatchewan Research Council and USA Rare Earth, LCC to receive mixed rare earth carbonate from Search Minerals for further separation"
Loading Zone $UUURAF oversold / Doubling from here
Ucore Subsidiary, Innovation Metals Corp., Commences RapidSX Separation Testing with Rare-Earth Producer
HALIFAX, NOVA SCOTIA — (May 4, 2021) — Ucore Rare Metals Inc. (“Ucore” or the “Company”) (TSXV:UCU) (OTCQX:UURAF) is very pleased to announce that the Company’s wholly owned subsidiary, Innovation Metals Corp. (“IMC”), has entered into a Technology Testing Agreement (“TTA”) with a mining company (the “REE Producer”), located in a US-allied country whose principal product from its current mining operations is a mixed rare-earth element concentrate (“MREC”). The purpose of the TTA is to generate empirical data for joint evaluation by IMC and the REE Producer regarding IMC’s proprietary RapidSX™ separation technology for the separation of the REE Producer’s MREC. The goal is focused on producing high-purity rare-earth element oxides (“REOs”) required for the global rare-earth element (“REE”) permanent-magnet industry. Pursuant to the TTA, the name of the REE Producer and certain specific terms of the TTA will remain confidential.
The TTA outlines the specific technical program for the characterization of separation steps to be applied to the specific MREC produced by the REE Producer. The data generated will be used to help optimize flowsheets for the separation and purification of this specific MREC, utilizing the RapidSX technology, as a means of producing commercial-grade REOs. In addition, the research will also result in the creation of a simulation and process modelling tool that will give IMC the ability to rapidly test and simulate large numbers of different test conditions to determine the optimal flowsheet parameters and equipment configurations for various different MREC feedstocks and at various scales of processing and production. The goal of the TTA is to demonstrate the effectiveness and suitability of RapidSX technology on a currently commercially produced MREC and also to concurrently build a process-modelling tool that will make the customized design of a RapidSX facility for any MREC feedstock or customer an efficient process. The TTA is the first step in a process that the parties anticipate will eventually lead to the on-site commercial-scale deployment of a RapidSX-base processing circuit by the REE Producer via a licensing agreement with IMC.
As announced by the Company on January 29, 2021 (1), and by IMC on February 1, 2021 (2), the commissioning of IMC’s RapidSX demonstration-scale pilot plant (“RapidSX Demonstration Plant”) is scheduled to commence in Q3 2021 with a comprehensive, independent techno-economic study and the design of a commercial-scale REE separation facility, both planned for completion in Q1 2022. With the anticipated ability to demonstrate the effectiveness of the RapidSX Demonstration Plant on currently available REE feedstocks, IMC expects the RapidSX technology to be ready for commercial adoption and implementation in approximately 12 months from now (in Q2 2022), via revenue-producing licensing agreements with IMC customers.
Read more & view tables and graphics at:
https://ucore.com/ucore-subsidiary-innovation-metals-corp-commences-rapidsx-separation-testing-with-rare-earth-producer/
(1) https://ucore.com/ucore-provides-update-on-rapidsx-technology-for-near-term-commercial-rare-earth-elements-separation-in-usa/
(2) http://www.globenewswire.com/news-release/2021/02/01/2167523/0/en/Innovation-Metals-Corp-Provides-Development-Update-on-RapidSX-Technology-for-Near-Term-Commercial-Rare-Earth-Elements-Separation-in-USA.html
Read page 26 from this article on Ucore
http://www.journalgraphicsdigitalpublications.com/epubs/FireWeed/TheAlaskaMinerSpring2021/viewer/desktop/#page/26
SpotOnTrade'only about 15 % of Bokan has been drilled
The deposit is what some call BIG
$UURAF Dotson Ridge deposit at Bokan hosts 4.79 million metric tons of indicated resource averaging 0.6% (31,722 metric tons) rare earth oxides, 460 parts per million (2,205 metric tons) niobium; 1,880 ppm (9,001 metric tons) zirconium; 48 ppm (231 metric tons) beryllium; 37 ppm (178 metric tons) hafnium; 0.37% (17,715 metric tons) titanium dioxide; and 97 ppm (464 metric tons) vanadium.
$UURAF Electric vehicles and rare earths
https://www.edisongroup.com/edison-explains/electric-vehicles-and-rare-earths/
Ucore Rare Metals Inc.$UURAF engages in the exploration and separation of rare earth elements in Canada and the United States. It primarily holds a 100% interest in the Bokan Mountain/Dotson Ridge property located on Prince of Wales Island, Alaska. The company was formerly known as Ucore Uranium Inc. and changed its name to Ucore Rare Metals Inc. in June 2010. Ucore Rare Metals Inc. is headquartered in Halifax, Canada.
$UURAF Rare Earth Minerals Needed for EV revolution to clean energy, digital technologies, and other military applications as well.
$uuraf The world is electrifying at a rapid pace, and battery production levels that will be required for the world to achieve global emissions reductions will ultimately rely on a steady supply of these minerals.
Ucore Rare Metals Inc.$UURAF engages in the exploration and separation of rare earth elements in Canada and the United States. It primarily holds a 100% interest in the Bokan Mountain/Dotson Ridge property located on Prince of Wales Island, Alaska. The company was formerly known as Ucore Uranium Inc. and changed its name to Ucore Rare Metals Inc. in June 2010. Ucore Rare Metals Inc. is headquartered in Halifax, Canada.
Them numbers represent about 15 % of the Boken mine that has been drilled
Resource estimate at Ucore's Dotson Ridge deposit:
https://www.miningnewsnorth.com/story/2021/01/22/news/ucore-strengthens-support-for-alaska-smc/6662.html
Outstanding Shares 49,037,464 03/31/2021
News:
Ucore Grants Incentive Stock OptionsPress Release | 03/26/2021
Innovation Metals Corp. Provides Market Commentary on Recent Rare-Earth Industry DevelopmentsPress Release | 02/22/2021
Innovation Metals Corp. Provides Development Update on RapidSX™ Technology for Near-Term Commercial Rare-Earth Elements Separation in USAPress Release | 02/01/2021
UCORE TO ACQUIRE INNOVATION METALS AND RapidSX™ REE SEPARATION TECHNOLOGYPress Release | 04/30/2020
Ucore Rare Metals to Acquire Innovation Metals Corp. and RapidSX™ Separation TechnologyPress Release | 04/29/2020
Supreme Court of Canada Decides in Favour of UcorePress Release | 04/16/2020
Important Updates for Ucore ShareholdersPress Release | 03/31/2020
RapidSX™ Agreement Signed with US Rare Earth Development Company Ucore Rare MetalsPress Release | 02/18/2020
AIDEA Bolsters Support for Heavy REE Separation Plant & Renews Commitment to Ucore’s Bokan Heavy REE ProjectPress Release | 02/10/2020
Article about Ucore rare metals (UURAF):
The company racing to free US from reliance on China for electric cars, wind turbines, and satellites
https://www.msn.com/en-us/news/politics/the-company-racing-to-free-us-from-reliance-on-china-for-electric-cars-wind-turbines-and-satellites/ar-BB1fivVE?li=BBnb7Kz
$UURAF According to Zion Market Research, the global rare earth market will grow in value from $8.1 billion in 2018 to more than $14.4 billion by 2025.
$UURAF Ucore Rare Metals Inc. engages in the exploration and separation of rare earth elements in Canada and the United States. It primarily holds a 100% interest in the Bokan Mountain/Dotson Ridge property located on Prince of Wales Island, Alaska. The company was formerly known as Ucore Uranium Inc. and changed its name to Ucore Rare Metals Inc. in June 2010. Ucore Rare Metals Inc. is headquartered in Halifax, Canada.
$UURAF has $1.99 Million in cash
Lock in the shares long term big payoff
Only about 15 % of the Bokan has been drilled
$UURAF According to a calculation completed in 2019, the Dotson Ridge deposit at Bokan hosts 4.79 million metric tons of indicated resource averaging 0.6% (31,722 metric tons) rare earth oxides, 460 parts per million (2,205 metric tons) niobium; 1,880 ppm (9,001 metric tons) zirconium; 48 ppm (231 metric tons) beryllium; 37 ppm (178 metric tons) hafnium; 0.37% (17,715 metric tons) titanium dioxide; and 97 ppm (464 metric tons) vanadium.
In addition, Dotson Ridge hosts 1.05 metric tons of inferred resource averaging 0.6% (6,979 metric tons) total rare earth oxides; 470 ppm (493 metric tons) niobium; 1,897 ppm (1,992 metric tons) zirconium; 46 ppm (48 metric tons) beryllium; 35 ppm (37 metric tons) hafnium; 0.44% (4,652 metric tons) titanium dioxide; and 112 ppm (118 metric tons) vanadium.
https://www.miningnewsnorth.com/story/2021/01/22/news/ucore-strengthens-support-for-alaska-smc/6662.html
$UURAF According to Zion Market Research, the global rare earth market will grow in value from $8.1 billion in 2018 to more than $14.4 billion by 2025.
Ucore Rare Metals In (UURAF)
1.2 ? 0.01912 (1.62%)
Volume: 45,363 @04/16/21 3:49:32 PM EDT
Bid Ask Day's Range
0.8 1.21 1.14 - 1.21
UURAF Detailed Quote
GREAT INFO THANKS
The company racing to free US from reliance on China for electric cars, wind turbines, and satellites
https://www.washingtonexaminer.com/news/company-racing-free-us-reliance-china-electric-cars-wind-turbines-satellites
$UURAF China’s rare earth supplies disrupted by Myanmar tumult
https://asiatimes.com/2021/03/chinas-rare-earth-supplies-disrupted-by-myanmar-tumult/
Jack Lifton on Rare Earth Supply Chains and Value Chains
[[ Thanks to investorintel.com ]]
By Jack Lifton on Mar 23, 2021
Rare earth sector analysts have finally recognized that a project’s place in a total supply chain is very important to
Rare earth sector analysts have finally recognized that a project’s place in a total supply chain is very important to its economic viability. Before a junior mining deposit goes into (usually expensive and time consuming) development into a producing mine there must first be an evaluation of what possible product(s) of that mine are demanded by the next step in the supply chain and what price(s) they may bring when the mine begins production. Most such evaluations are at best extrapolation and at worst pure speculation due to unpredictable commodity price cycles. Even for producing mines like MP Materials Corp. (NYSE: MP) and Lynas Rare Earths Limited (ASX: LYC) their places in the total supply chain differentiates them from each other because of the different value of their current respective delivered products.
The sale of rare earth permanent magnets brings a majority of the revenue in the total rare earth products supply chain. But no non-Chinese company has ever been vertically integrated from a mine to a magnet maker. The closest that a Western owned company (Canadian) has come to being a total rare earth permanent magnet supplier is Neo Performance Materials Inc. (TSX: NEO), which has everything (in the total rare earth permanent magnet supply chain) but a mine. Neo Performance sells rare earth products (oxides and chemicals) as well as rare earth enabled products (e.g., magnets) and has been consistently profitable with revenues exceeding $500,000,000 per year. This year, 2021, Neo will shortly begin taking delivery from America’s Energy Fuels Inc. (NYSE American: UUUU | TSX: EFR) of 70 tons per month of clean mixed rare earth carbonates (MREC) extracted from domestic American monazite. Energy Fuels is the first American company to produce rare earth concentrates free of radioactive elements and interfering ions in at least 25 years. The MREC can be put into solution directly at Neo’s European rare earth separation plant and fed into the system as a pregnant leach solution (PLS). Thus, Neo Performance can deliver to its customers downstream products, such as separated oxides, metals and magnet alloy powders and bonded magnets (made at its Thailand operations) that are produced by a total rare earth supply chain with no Chinese involvement.
Energy Fuels reports that its monazite extraction/purification system to produce clean MRECs is profitable. MP says that its bastnaesite ore concentrates now sold exclusively to China’s Shenghe Resources are profitable. Lynas says that its in-house separated rare earth oxides are sold at a profit. For rare earth juniors, the successful (I.e., profitable) sale of ore or clean mixed rare earth carbonates is the key metric and few of them succeed.
The total rare earths’ (enabled products) supply chain has the following composition:
1 Mining,
2 Extraction of the rare earths from the mining concentrates and the preparation of a clean, pre-PLS, mixed rare earths product,
3 Separation of the mixed rare earths into individual oxides and blends,
4 Manufacturing of chemical products, such as phosphors and catalysts, and of individual metals and alloys forms, and
5 Manufacturing of rare earth permanent magnets from rare earth alloys.
Historically mining companies have done steps 1,2, and sometimes 3, while specialized smaller companies have done steps 4 and 5 as separate ventures.
The rare earths’ value chain is not the same as the supply chain. It is very difficult to make money mining, extracting, or even separating mixed rare earths into individual rare earths and blends.
...
...
MP and Lynas are the largest, rare earth miners outside of China. Lynas and Neo Performance are the largest processors of rare earths to separate them by solvent extraction outside of China, and Energy Fuels is the sole producer of clean mixed rare earth carbonates in the Americas.
I am watching the following juniors: USA Rare Earths, Rare Element Resources Ltd. (OTCQB: REEMF), Vital Metals Limited (ASX: VML), and Appia Energy Corp. (CSE: API | OTCQB: APAAF).
The next five years will be the critical time for the development of a domestic American or European total rare earth enabled products supply chain. Canada is at a crossroads; it may build a domestic supply chain anchored on mines and going downstream with licensed European separation, metal and alloy making, and magnet making, or it may build a trans-Atlantic one with the EU.
The game’s afoot.
Read more at:
https://investorintel.com/markets/technology-metals/technology-metals-intel/jack-lifton-on-rare-earth-supply-chains-and-value-chains/?utm_source=rss&utm_medium=rss&utm_campaign=jack-lifton-on-rare-earth-supply-chains-and-value-chains
Ucore Rare Metals Inc. | 2021 Business Plan - Pat Ryan, Chairman of the Board
Nice write up in Barron's.
Website launch for ucore
https://ucore.com/
ok people the good stuff is at bottom right corner !!!
over 99 % pure EEEEEEEEEEEEES
Doug, thanks for your article. Very technical It makes you very aware of the complexity of the steps involved REE processing. Appia energy. One year ago at $.13. (Another stock to regret not buying low!)
Zilidium; your article.
"Currently, 100% of the 50,000 tonnes of REE ore mined
in the USA annually is sent to China for processing, as the USA has no
refining capacity of its own yet. However, China’s strength in refining has
more to do with a historically higher tolerance for pollution than any
technological edge.
Well, lets hope UCORE ends up with one of the better REE Procressing facilities.
Excellent article, thanks for posting.
Innovation Metals Corp. Provides Market Commentary on Recent Rare-Earth Industry Developments
https://www.bloomberg.com/press-releases/2021-02-22/innovation-metals-corp-provides-market-commentary-on-recent-rare-earth-industry-developments
Middlebordor You may want to check out Appia Energy Corp (has an iHub board).
They are submitting a sample of their monazite bearing rocks from their property kinda to the Saskatchewan Research Council which Search Minerals mentions in their presentation.
I'm in ~~~~~~ I hiked to this mine many years ago /outside of Craig & hollis/it was a abonded platium mine then.
Doug, Zilidium, thank you both!
Doug; The take away is that after their processing Search Minerals will need to send their concentrate out for additional separation and refining, UCORE will not.
(This supposes both firms obtain funding and eventually are able to mine their feed stocks.)
I suppose the additional processing is why Search is in collaboration with USA Rare Earth.
Have not done much comparison.
A very, very, very simple comparison is that the SX process of Ucore results in individual element
oxides.
From Searchminerals presentation they are producing "Patented Technology?produces highly purified mixed rare earth carbonate concentrate and mixed REO concentrate"
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Ucore Rare Metals, Inc.
$UURAF
Over the past quarter century, an emerging class of metals has grown exponentially in demand as a byproduct of the Technological Revolution. That group, known as the Rare Earths Elements (and variously referred to as Specialty or Technology Metals), has become the backbone of innovation in the fields of clean energy, consumer electronics, computer applications, health care technologies and much more. Today, a great deal of what we refer to as the modern technology would be all but impossible without the Rare Earths Elements and their associated oxides and concentrates.
.
Rare Earths include the unique elemental suite known as the Rare Earths Elements (REE’s) and a select group of specialty metals produced primarily for technology applications. At Ucore, our focus is on Heavy REE’s (a class of REE’s known for their high value relative to other REE’s) and collateral metals often found in concert with REE deposits. Collectively, this group represents a resource sub-sector experiencing unprecedented growth in global demand, combined with critical issues of near term supply and a correspondingly high potential for return on investment.
.
• Highest Grade Heavy Rare Earth Deposit in U.S. (NI-43-101 Compliant)
• Excellent Logistics: Only REE Deposit Worldwide on Immediate Deep Water Access; Accessible Labour and Prospective Power
• Anomalous Skew Towards Dy, Tb, Y; Among the most Critical High Demand HREE’s
• Located in Alaska; Among the World’s Leading Mine Friendly Jurisdictions
• Advanced Metallurgy and Separation Regimes Already Established
• Excellent Geopolitical Support (Local; State; Federal)
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