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Ucore and Alaska’s Southeast Conference Execute MOA for the Funding of Strategic Metals Complex
HALIFAX, NOVA SCOTIA — October 7, 2021 — Ucore Rare Metals Inc. (“Ucore” or the “Company”) (TSXV:UCU) (OTCQX:UURAF) and Alaska’s Southeast Conference (collectively the “Parties”) are pleased to announce the execution of a Memorandum Of Agreement (“MOA”), setting forth certain nonbinding understandings and binding agreements between Ucore and Southeast Conference for the evaluation and potential establishment of a Natural Resource Development Complex. The complex will include land and a building (the “Facility”) suitable to house Ucore’s rare earth element (“REE”) separation and purification plant (the “Plant”, the “Alaska Strategic Metals Complex” or the “Alaska SMC”) for the production of REE oxides (“REOs”). The site selection for the Facility shall be based on the explicit goal of expanding the Natural Resource Development Complex with other related and non-related Southeast Alaska economic development opportunities.
Mike Schrider (L) and Robert Venables (R) at the 2021 Southeast Conference Annual Meeting in Haines, Alaska
Southeast Conference is the State of Alaska’s (and federally designated) regional economic development organization for Southeast Alaska and it has the authority to access federal grant funding for economic development activities. Ucore is currently undertaking business, engineering and permitting activities for the development of the Alaska SMC REO production facility. The Alaska SMC’s target location is Ketchikan, Alaska, due to: (i) its proximity to Ucore’s Bokan Dotson Ridge Rare Earth Element Project (“Bokan”) on Prince of Wales Island; (ii) its deep-water shipping ports on the Pacific Northwest’s Inside Passage and accessibility to the industrious Pacific Rim; and (iii) the supportive local and State of Alaska administrators.
The Parties envision a joint venture opportunity to acquire and develop the Facility with a combination of Southeast Conference grant funding and Ucore funding; then establishing a long-term lease relationship between the Parties for the Facility resulting in Ucore’s subsequent development and long-term operation of the Plant (i.e., the Alaska SMC).
Ucore Vice President and COO, Mike Schrider, P.E., stated, “The establishment of the MOA between Ucore and Southeast Conference is an important moment in the development of the Alaska SMC and represents just one of many envisioned partnerships as Ucore advances the establishment of a robust and independent rare earth supply chain for the United States and its allies - with an Alaskan-centric focus.”
“The Southeast Conference has a long history of partnering and stimulating economic development in Southeast Alaska,” added Southeast Conference Executive Director, Robert Venables. “This collaboration with Ucore as the anchor tenant for the Natural Resource Development Complex will stimulate complementary growth in the mineral sector and attract other types of resource extraction entities that will benefit from the direct and indirect business and physical infrastructure improvements created by the development of the Alaska SMC.”
Ucore’s development plan for the Alaska SMC calls for substantial completion of construction by the end of 2023, followed by commissioning, product qualification testing with US-allied feedstock, and production of individual REOs in H1 of 2024.
Ucore Rare Metals In (UURAF)
0.735 ? 0.0291 (4.12%)
Volume: 76,823 @09/22/21 3:39:57 PM EDT
Bid Ask Day's Range
0.63 0.7913 0.6935 - 0.7541
UURAF Detailed Quote
SpotOn,all;
https://secureservercdn.net/198.71.233.33/gx0.d43.myftpupload.com/wp-content/uploads/LTR-Coalition-Support-for-REE-PTC-Bill-8.30.21-FINAL.pdf
August 30, 2021
The Honorable Nancy Pelosi The Honorable Richard Neal
Speaker, U.S. House of Representatives Chairman, Committee on Ways and Means
1236 Longworth Building 1102 Longworth Building
Washington, DC 20515 Washington, DC 20515
The Honorable Kevin McCarthy The Honorable Kevin Brady
Minority Leader, U.S. House of Ranking Member, Committee on Ways and Means
Representatives 1139 Longworth Building
2468 Rayburn Building Washington, DC 20515
Washington, DC 20515
Dear Speaker Pelosi, Minority Leader McCarthy, Chairman Neal, and Ranking Member Brady:
On behalf of the undersigned organizations, which represent a majority of America’s reemerging rare
earth (RE) industry, we urge you to include in upcoming infrastructure legislation the production tax
credit for RE magnets proposed in H.R. 5033. This tax credit is a critical action the Congress can
take to secure the domestic supply chain from foreign influence and will set the stage for a vibrant,
commercially competitive RE industry able to compete on a global scale.
On August 10, Representatives Swalwell (CA-15) and Reschenthaler (PA-14) introduced the
bipartisan Rare Earth Magnet Manufacturing Production Tax Credit Act (H.R. 5033) to provide
U.S. suppliers with tax incentives for domestically producing RE magnets. RE magnets are critical to
U.S. national security systems and essential civilian products, including electronics, automobiles,
aerospace equipment, pumps, medical devices, and emerging clean technologies.
The bill offers tax credits for the domestic manufacturing of RE magnets using domestic materials.
Currently, there is limited capacity to produce RE magnets at scale in America, with China supplying
90% of the world’s needs. As noted in an interagency assessment pursuant to Executive Order
14017, “...unfair foreign subsidies and other trade practices have adversely impacted U.S.
manufacturing, and more broadly, U.S. competitiveness.” As such, the U.S. is vulnerable to actions
from foreign governments to weaponize non-market subsidies, loose environmental regulations, and
substandard labor practices to further consolidate control.
This legislation would address market imbalances and help prevent non-market action from
disrupting a resurgent RE industry in America. Moreover, this legislation would empower our industry
to obtain necessary investments from the private sector and accelerate production.
This inflection point could define whether America truly establishes a vibrant domestic RE supply
chain. We deeply appreciate interagency efforts, led by the Department of Defense and the
Department of Energy, to establish domestic RE production capable of meeting U.S. national
security and commercial needs. With this support, our industry has made significant investments to
strengthen and expand domestic RE production. While laudable, this is just the first step. To build a
resilient American supply chain that is globally competitive, we must pursue a whole of government
approach, including tax incentives.
For decades, U.S. policymakers, our industry, and our customers have longed for a domestic supply
chain free from foreign reliance that upholds American values and standards. The consequences of
inaction are stark; China could continue to escalate its aggressive tactics to eliminate progress made
by our burgeoning industry.
Now, more than ever, is the moment to address these challenges by enacting this transformative
legislation. Active legislative efforts currently underway provide a key opportunity for Congress to
bolster support for investments already made in RE infrastructure in America. We respectfully urge
the House to include a tax credit in forthcoming infrastructure legislation as a crucial next step in
securing a domestic RE supply chain.
We thank you for your consideration and stand ready to assist.
Sincerely,
Advanced Magnet Lab, Inc.
Bunting Magnetics
Dexter Magnetic Technologies
Electron Energy Corporation
Energy Fuels Inc
Innovation Metals Corp.
Materion Corp.
National Mining Association
MP Materials
NioCorp Development Ltd.
Quadrant Magnetics
Rare Element Resources Ltd.
Texas Mineral Resources Corp.
Ucore Rare Metals Inc.
Urban Mining Company
US Magnetic Materials Association
USA Rare Earth
$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 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.
The global rare earth market will grow in value from $8.1 billion in 2018 to more than $14.4 billion by 2025 as demand for electric vehicles, cellphones and other products rise.
neodymium, when combined with iron and boron, makes a powerful magnet that’s used in cellphones, headphones, electric-vehicle motors and more. Lanthanum is used in lighting and camera lenses; cerium is used in self-cleaning ovens.
https://investorintel.com/investorintel-video/critical-materials-corner-with-jack-lifton-impact-of-biden-admin-on-rare-earths/
UURAF Ucore Joins National Mining Association; is Poised to Support the Biden Administration's Efforts to Strengthen the Domestic Supply Chain for 50% U.S. Vehicle Electrification by 2030
$UURAF Ucore’s visionand plan is to deliver leading advanced technology that provides separation and mining services to the mining and mineral extraction industry. As such, we are guided by the principles of being socially and environmentally responsible with good corporate governance (ESG).
Ucore’s path forward is a crucial one to ensure that China’s current dominance of over 80% of the world’s supply of rare earth elements (REEs) does not lead to the loss of thousands of “green” technology jobs as manufacturers are forced to set up overseas to access these critical metals. We must and we will play our part to keep the US and North America competitive in the 21st century and most important secure from foreign adversaries.
Through strategic partnerships, this vision includes disrupting China’s dominance of the US REE supply chain through the development of a HREE processing facility – the Alaska Strategic Metals Complex (SMC) in Southeast Alaska and the long-term development of its HREE resource located at Bokan Mountain on Prince of Wales Island, Alaska.
https://ucore.com/
Ucore Rare Metals In (UURAF)
0.81 ? -0.018 (-2.17%)
Volume: 48,635 @08/13/21 3:27:30 PM EDT
Bid Ask Day's Range
0.73 1.06 0.772 - 0.828
UURAF Detailed Quote
Ucore Joins National Mining Association; is Poised to Support the Biden Administration’s Efforts to Strengthen the Domestic Supply Chain for 50% U.S. Vehicle Electrification by 2030
HALIFAX, NOVA SCOTIA — August 11, 2021 — Ucore Rare Metals Inc. (“Ucore” or the “Company”) (TSXV:UCU) (OTCQX:UURAF) is pleased to announce that it has recently joined the National Mining Association (“NMA”) as the Company prepares to construct the Alaska Strategic Metals Complex (“Alaska SMC”) rare earth element (“REE”) processing facility by the end of 2023 and seeks to accelerate the long-term development of the Bokan-Dotson Ridge Rare Earth Element Project (“Bokan” or “Bokan Project”).
Rich Nolan, President and CEO of the National Mining Association stated: “For far too long the U.S. sat on the sidelines while China strategically built out production and processing capabilities that have resulted in almost total dominance of the rare earth supply chain. Ucore’s vision and plan show that need not be the case. With near-term plans for processing and production in Alaska in parallel to the long-term development of the Bokan Project, Ucore is a prime example of a company that can help ensure that ‘made in America’ also includes ‘processed in America,’ where we know projects will utilize our vast resources under world-leading environmental and labor standards. We are proud to have such an innovative and visionary company join our membership.”
Read at:
https://ucore.com/ucore-joins-national-mining-association-is-poised-to-support-the-biden-administrations-efforts-to-strengthen-the-domestic-supply-chain-for-50-u-s-vehicle-electrification-by-2030/
$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.
The global rare earth market will grow in value from $8.1 billion in 2018 to more than $14.4 billion by 2025 as demand for electric vehicles, cellphones and other products rise.
neodymium, when combined with iron and boron, makes a powerful magnet that’s used in cellphones, headphones, electric-vehicle motors and more. Lanthanum is used in lighting and camera lenses; cerium is used in self-cleaning ovens.
Biden faces green dilemma in push to build US rare earths capacity
https://www.ft.com/content/fe8fc690-ce95-4622-95ac-e43ab261164d $UURAF
Noam Chomsky Warns China Is Gaining a 'Near Monopoly' Over Rare Earth Metals
https://www.entrepreneur.com/article/378401 $UURAF
Ucore $UURAF 3rd Resistance Point 0.8048
2nd Resistance Point 0.7809
1st Resistance Point 0.7478
Last Price 0.7300
Very good link... Thank you!!!
Highest Grade Heavy Rare Earth Deposit in U.S. (NI-43-101 Compliant)
Ucore $UURAF aims to start construction of rare earths facility by ‘23
The Bokan Mountain prospect holds more than 4.7 million metric tons of indicated rare earth ore, according to a 2015 resource assessment. That translates to approximately 63.5 million pounds of collective rare earth metals, according to Ucore, which are used in a plethora of high-tech applications, from smartphones to advanced batteries and fighter jets.
There are 17 minerals defined as rare earth elements, but “heavy” rare earths — such as europium, terbium, and ytterbium with a greater atomic weight — are the most sought after and are used in products that rely on high-temperature magnets. More common lighter rare earths are used in a range of applications including LED displays. Heavy rare earths account for roughly 40 percent of the mineralization at Bokan, according to Ucore.
https://www.alaskajournal.com/2021-05-12/ucore-aims-start-construction-rare-earths-facility-%E2%80%9823
"President Joe Biden signed an executive order requiring a review of the global supply chains in key industries in an effort to boost domestic production and avoid shortages in critical goods amid the coronavirus pandemic.
Biden's action was spurred in part by the global semiconductor shortage, which began shortly after the coronavirus pandemic hit last year. Semiconductors, commonly known as chips and used in a range of products including cellphones and computers, and were in high demand as consumers around the world purchased equipment to work from home. The shortage has severely impacted automakers and other manufacturers and led to slowdowns in production."
https://www.nbcnews.com/politics/white-house/biden-sign-executive-order-targeting-america-s-supply-chains-critical-n1258684
$UURAF Don't forget this Biden signs executive order to review critical supply chains
https://seekingalpha.com/symbol/UURAF
U.S. Plans to Spend Big on Critical Minerals; Choosing Where Isn’t Easy
https://www.wsj.com/articles/u-s-plans-to-spend-big-on-critical-minerals-choosing-where-isnt-easy-11624186800 $UURAF
Biden faces green dilemma in push to build US rare earths capacity
https://www.ft.com/content/fe8fc690-ce95-4622-95ac-e43ab261164d $uuraf
Small miners aim for European supply chain for electric vehicles independent from China
https://www.reuters.com/article/miners-electric-europe/small-miners-aim-for-european-supply-chain-for-electric-vehicles-independent-from-china-idUSL5N2O74GT
$UURAF Rare Earth Minerals Will Put The U.S. Between A Rock And A Hard Place
https://jalopnik.com/rare-earth-minerals-will-put-the-u-s-between-a-rock-an-1847262353
Ucore $UURAF aims to start construction of rare earths facility by ‘23
https://alaskajournal.com/2021-05-12/ucore-aims-start-construction-rare-earths-facility-%E2%80%9823
$UURAF To go electric, America needs more mines. Can it build them? "There is no way there's enough raw materials being produced right now to start replacing millions of gasoline-powered motor vehicles with EVs,” said Lewis Black, CEO of Almonty Industries Inc, which mines the hardening metal tungsten in Portugal and South Korea." https://www.reuters.com/article/us-usa-mining-insight-idUSKCN2AT39Z
$UURAF Ucore Rare Metals Inc quote is equal to 0.800 USD at 2021-07-13. Based on our forecasts, a long-term increase is expected, the "UURAF" stock price prognosis for 2026-07-10 is 1.663 USD. With a 5-year investment, the revenue is expected to be around +107.87%. Your current $100 investment may be up to $207.87 in 2026. https://walletinvestor.com/stock-forecast/uuraf-stock-prediction
$UURAF On Tuesday, June 8th, 2021, United States President Joe Biden released a review of US supply chain vulnerabilities pursuant to Executive Order 14017. The review shows that the US government will continue to invest in REE technologies and production capabilities, which could serve to benefit Ucore, its wholly owned subsidiary, Innovation Metals Corp. ("IMC"), and their proprietary RapidSXT separation technology for the separation of both light REEs ("LREEs") and heavy REEs ("HREEs"). Key recommendations include:
Encourage the development and adoption of 21st century standards for the extraction and processing of critical minerals;
US $50 billion to establish a Supply Chain Resilience Program to monitor and forecast vulnerabilities and promote industry partnerships;
A "trade strike force" to identify and counter unfair foreign trade practices, the first action of which will be to investigate unfair trade practices surrounding neodymium (NdFeB) permanent magnets;
Reducing the time, cost, and risk of permitting for critical mineral mining projects; and
Using the US government's buying power and investment authorities to encourage the purchase of critical materials from secure and reliable domestic and allied sources. This includes:
Additional funding for the Defense Production Act ("DPA") Title III program to scale emerging technologies for critical materials and enable offtake agreements; and
Recapitalizing the National Defense Stockpile to better buffer against supply chain threats.
Ucore Rare Metals In (UURAF)
0.8 ? 0.0 (0.00%)
Volume: 14,171 @07/09/21 3:48:32 PM EDT
Bid Ask Day's Range
0.6353 0.8129 0.78 - 0.8099
UURAF Detailed Quote
Agreed. With the Rapid SX process they may be the earliest operation to be able to provide REE separation on US property.
Doug/MB - UCORE looking very good here at current price point... I may have to grab 1k & let it ride.... (It's all about the Separation! imho for REE's & UCORE has finally gotten it RIGHT with Rapid-SX... Plus it's in Alaska, Sen. Murkowski's backyard; & the $145million AIEDA funds plus maybe some gubbimint cheese? in the future...
Starting to like the possibilities here again!
Chico
Ucore Updates on Innovation Metals Corp.’s Successful Completion of Initial Extraction-Rate Testing of the RapidSX Technology for Rare-Earth Elements Separation
HALIFAX, NOVA SCOTIA — June 30, 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” or the “company”), has successfully completed initial extraction-rate testing of its proprietary RapidSX™ separation technology and to provide an update on the company’s RapidSX commercialization demonstration program and related timelines. Being a key technical milestone in the commercialization of RapidSX, the extraction-rate testing quantitatively confirmed the ability of the technology to rapidly extract rare-earth elements (“REEs”) from an initial REE feedstock using a standard extractant, at rates at least ten times faster than conventional solvent extraction (“SX”) technology.
Highlights
- Successful initial extraction-rate testing demonstrated and re-confirmed that the RapidSX technology is highly effective at extracting REEs from solutions, within a range of flow rates;
- RapidSX column design for commercial deployment is now in the finalization/optimization stage; and
- IMC continues to advance the commercialization of the RapidSX technology via proprietary commercial hardware and software capabilities.
This innovative, dual-channel approach will underpin the successful commercialization of RapidSX for REE separation, while also advancing non-REE RapidSX applications.
“The IMC team continues to make great strides in the RapidSX technology commercial deployment effort,” commented Pat Ryan, P.Eng., Ucore Chairman and CEO. “This latest round of extraction-rate testing foreshadows the expected results as we embark on an Independent Evaluation of the RapidSX technology at the Kingston facility which will take place over the summer months of 2021. This Independent Evaluation will be conducted by the scientific team at Kingston Process Metallurgy (“KPM”) under the supervision and direction of an independent third party who will report on the findings.”
Read more at:
https://ucore.com/ucore-updates-on-innovation-metals-corp-s-successful-completion-of-initial-extraction-rate-testing-of-the-rapidsx-technology-for-rare-earth-elements-separation/
Ucore’s ALASKA2023 Plan Bolstered by President Biden’s 100-Day Review of the Critical Mineral Supply Chain
HALIFAX, NOVA SCOTIA — June 9, 2021 — Ucore Rare Metals Inc. (“Ucore” or the “Company”) (TSXV:UCU) (OTCQX:UURAF)i is pleased with recent developments in Washington D.C. that are poised to strengthen United States supply chains and spur the domestic production capacity of rare earth elements (“REEs”) and other critical materials.
On Tuesday, June 8th, 2021, United States President Joe Biden released a review of US supply chain vulnerabilities pursuant to Executive Order 14017. The review shows that the US government will continue to invest in REE technologies and production capabilities, which could serve to benefit Ucore, its wholly owned subsidiary, Innovation Metals Corp. (“IMC”), and their proprietary RapidSX™ separation technology for the separation of both light REEs (“LREEs”) and heavy REEs (“HREEs”). Key recommendations include:
- Encourage the development and adoption of 21st century standards for the extraction and processing of critical minerals;
- US $50 billion to establish a Supply Chain Resilience Program to monitor and forecast vulnerabilities and promote industry partnerships;
- A “trade strike force” to identify and counter unfair foreign trade practices, the first action of which will be to investigate unfair trade practices surrounding neodymium (NdFeB) permanent magnets;
- Reducing the time, cost, and risk of permitting for critical mineral mining projects; and
- Using the US government’s buying power and investment authorities to encourage the purchase of critical materials from secure and reliable domestic and allied sources. This includes:
- - Additional funding for the Defense Production Act (“DPA”) Title III program to scale emerging technologies for critical materials and enable offtake agreements; and
- - Recapitalizing the National Defense Stockpile to better buffer against supply chain threats.
Ucore Chairman and CEO, Pat Ryan, P.Eng. said, “We are very pleased with the White House’s concern for REEs and its efforts to spur the domestic production of critical materials. China has long dominated the REE supply chain, but with the US government’s help, we can and will use our groundbreaking 21st Century separation technology, RapidSX, to bring control back into the hands of Americans. Our ALASKA2023 business model is founded on this transformative technology and the development of a resilient US supply chain through the development of two REE separation plants and ultimately a HREE mine at Bokan Mountain Alaska – the very definition of US resiliency.”
Read at:
https://ucore.com/ucores-alaska2023-plan-bolstered-by-president-bidens-100-day-review-of-the-critical-mineral-supply-chain/
Ucore Announces Retention of Advisors for a Sustained Online Awareness Campaign
HALIFAX, NOVA SCOTIA — June 2, 2021 — Ucore Rare Metals Inc. (“Ucore” or the “Company”) (TSXV:UCU) (OTCQX:UURAF)i is pleased to announce that it has entered into agreements with third parties to provide marketing, investor relations, and consulting services to the Company for the purposes of raising awareness about the Company and the significance of the Company’s planned Strategic Metals Complex (“SMC”) as the first step of the Alaska2023 Business Plan to establish a complete, secure, domestic rare-earth element (“REE”) supply chain in the United States. Ucore’s Alaska2023 strategy is predicated on the fundamental objectives of economic and commercial-scale production of REE oxides (“REOs”) required for the REE permanent-magnet (“REPM”) industry. This goal includes further important planned developments by the Company’s subsidiary, Innovation Metals Corp. (“IMC”), as it progresses towards the commercialization of its proprietary critical-metals separation technology, RapidSX™. RapidSX is intended to be commercially deployed in the SMC, as part of the Alaska2023 Business Plan, to separate and purify Ucore’s planned REE feedstocks into finished REOs of commercial purity, required by green-energy applications. Additionally, IMC plans to license the RapidSX technology for REE separation to strategic licensing partners for the processing of US and/or US-allied-sourced REE feedstocks. The strategic timing of these planned engagements and the related online awareness campaign are important as the Company expects to complete very deliberate phases of its business plans and various short-term objectives during the period from Q2 2021 to Q2 2022.
Read more at:
https://ucore.com/ucore-announces-retention-of-advisors-for-a-sustained-online-awareness-campaign/
Ucore Rare Metals In (UURAF)
1.03 ? 0.02951 (2.95%)
Volume: 9,255 @05/26/21 12:18:44 PM EDT
Bid Ask Day's Range
1.03 1.04 0.9809 - 1.04
UURAF Detailed Quote
APAAF is another rare earth junior exploreco to check out- They are on a mission and about to start drilling at their Alces Lake REE/CREE property in Saskatchewan-
Thanks 2times2 for posting the information about the recently appointed members of the IMC Technical Advisory Board.
TORONTO, May 19, 2021 (GLOBE NEWSWIRE) -- Innovation Metals Corp. (“IMC” or the “Company”), a wholly owned subsidiary of Ucore Rare Metals Inc. (UURAF), is pleased to announce the formation of the IMC Technical Advisory Board and associated initial appointments. The Technical Advisory Board is comprised of internationally recognized industry experts and thought leaders, with significant scientific, technical, and market expertise relating to rare-earth elements (“REEs”) and other critical materials.
The Technical Advisory Board will advise and support IMC’s leadership team in making important technical and logistical decisions, as the Company continues to advance the commercialization of IMC’s proprietary RapidSX™ technology, for the economic, commercial-scale separation of both light REEs (“LREEs”) and heavy REEs (“HREEs”).
Technical Advisory Board Appointments
IMC is honoured to announce the following initial expert appointments to the Company’s Technical Advisory Board, effective immediately:
Dr. Gisele Azimi
Dr. Christian Ekberg
Mr. Furkhat Faizulla
Dr. V. I. Lakshmanan
Importantly, the Technical Advisory Board will also provide expert advice and support to further demonstrate and validate IMC’s unique separation technology platform for other critical materials too, including lithium (“Li”), nickel (“Ni”) and cobalt (“Co”).
The Technical Advisory Board will formally meet together with IMC’s Board and Senior Officers on a quarterly basis, and the individual members of the Technical Advisory Board will also be available to IMC between meetings as needed for any additional support and advice.
IMC Chairman, Chief Executive Officer and co-founder, Dr. Gareth Hatch, stated, “The creation of our Technical Advisory Board is an important step in the continued advancement of IMC’s objectives. We are delighted to welcome such highly credentialed appointments in Dr. Azimi, Dr. Ekberg, Mr. Faizulla, and Dr. Lakshmanan during this defining period for IMC. They will support and evaluate our technical development and advise on strategic initiatives for future RapidSX applications, in addition to those for REEs. We are very excited and privileged to benefit from such a complementary, yet diverse group of industry experts to further enhance and advance the commercialization of the RapidSX technology. IMC’s ability to attract talent of this caliber underscores the near-term potential for this much-needed technology.”
IMC Technical Advisory Board Members
Dr. Gisele Azimi, P.Eng.
Dr. Azimi is an associate professor at the University of Toronto, jointly appointed by the Departments of Chemical Engineering & Applied Chemistry and Materials Science & Engineering. She is a Canada Research Chair in Urban Mining Innovations and is also a registered Professional Engineer in Ontario. Dr. Azimi’s expertise spans the fields of electrochemistry, extractive metallurgy, materials design and fabrication, materials separation and organic/inorganic chemistry. She received her doctorate from the Department of Chemical Engineering and Applied Chemistry at the University of Toronto in 2010. Prior to her University of Toronto faculty appointment in 2014, Dr. Azimi completed two postdoctoral appointments at the Massachusetts Institute of Technology in the Departments of Materials Science and Engineering and Mechanical Engineering respectively.
Dr. Azimi has been recognized by several ‘young researcher’ awards including the Emerging Leaders of Chemical Engineering Award, the McCharles Prize, the CSChE Innovation Award, the Canadian Journal of Chemical Engineering Lectureship Award, the TMS Young Leaders Award, the Spark Professorship, and the Connaught New Researcher Award. She has been recognized for her teaching and mentorship and received the Burgess Teaching Award. Dr. Azimi established and leads the Laboratory for Strategic Materials, a large and successful research group at the University of Toronto, focused on critical materials.
Dr. Azimi’s research interests include sustainability and advanced materials & manufacturing research themes, with a particular emphasis on advanced recycling and urban mining, and valorization of waste streams to produce strategic materials such as REEs. She has also served as an editor of Rare Metal Technology 2018, Rare Metal Technology 2019, Rare Metal Technology 2020, and Rare Metal Technology 2021.
Dr. Christian Ekberg
Dr. Ekberg is a full professor at Chalmers University of Technology in Gothenburg, Sweden. He has been Stena’s Chair in Industrial Materials Recycling since 2007 and a full professor in nuclear chemistry since 2012. Dr. Ekberg was previously head of the joint Department of Nuclear Chemistry and Industrial Materials Recycling at Chalmers, and is currently leader of the Energy and Materials Division.
Dr. Ekberg began his research at Chalmers with the modeling of chemical systems, focused on uncertainty and sensitivity analysis, and how uncertainties in chemical-model inputs affect the outputs. He later shifted focus to the experimental determination of stability constants, primarily via solvent extraction. After completing a postdoctoral research fellowship at the Australian Nuclear Science and Technology Organization (“ANSTO”), Dr. Ekberg returned to Chalmers and became responsible for research on separation and transmutation nuclear chemistry, while also expanding research on thermodynamics and solvent extraction.
More recently, Dr. Ekberg has broadened the focus of his research to include the production and recyclability of novel innovative nuclear fuels. He was instrumental in founding the Sustainable Nuclear Energy Centre (“SNEC”) at Chalmers and was its scientific leader and later director. He founded the national Competence Centre Recycling (“CCR”) in 2007 and was the first director of the National Swedish Academic Initiative for Nuclear Technology (“SAINT”).
Dr. Ekberg has been a member of the International Steering Committee for the International Solvent Extraction Conference (“ISEC”) since 2013. He has refereed papers for more than a dozen international scientific journals, and is a member of various editorial boards, including for the journal Solvent Extraction and Ion Exchange.
Dr. Ekberg holds a master’s degree in chemical engineering and a Ph.D. degree in nuclear chemistry, both from Chalmers. He has published over 250 scientific papers, numerous reports, and has authored or co-authored 10 books or book chapters, including Hydrolysis of Metal Ions and Waste Electrical and Electronic Equipment (WEEE) Recycling: Research, Development, and Policies in 2016 and Radiochemistry and Nuclear Chemistry in 2013. Dr. Ekberg is an elected member of the Royal Swedish Academy of Engineering Sciences (“IVA”) as well as the Royal Society for Arts and Sciences (“KVVS”).
Mr. Furkhat Faizulla
Mr. Faizulla is a founding member of Advanced Material of Japan Corporation (“AMJC”), one of the largest traders of rare metals in Japan. He has more than 20 years of rare-metal trading and marketing experience, specializing in REEs, tungsten and other critical metals. One of Japan’s leading REE trading companies, AMJC specializes in the procurement and sale of REEs and other critical materials, including tungsten and titanium ore concentrates, oxide and metals. As well as heading AMJC’s North America office, Mr. Faizulla is also Managing Director of his own metals-trading company.
Mr. Faizulla was a co-founder of IMC and served as an Independent Director of IMC from the Company’s inception, until its acquisition by Ucore Rare Metals Inc.(UURAF) in May 2020. Fluent in English, Japanese, Chinese and Uzbek, he holds a bachelor’s degree in Economics from Shanghai Jiao Tong University and a master’s degree in International Business from Hiroshima University.
Dr. V. I. ‘Lucky’ Lakshmanan, CEng, FIMMM, FCAE, FCIM
A long-time friend and colleague of IMC since the Company’s inception, Dr. Lakshmanan is the Chief Executive Officer, Vice Chairman and co-Founder of Process Research ORTECH Inc. (“PRO”), based in Mississauga, Ontario. An internationally renowned teacher, scientist and innovator in the areas of hydrometallurgy and sustainable development, Dr. Lakshmanan is a named inventor on multiple patents and has more than 45 years of hands-on experience in technology development and commercialization, with both private and public sector entities. He moved to Canada in 1974, after serving as a lecturer at the University of Birmingham in the UK. He subsequently held prominent positions in Canada’s engineering/technology sector, with companies such as Noranda, Eldorado Nuclear and ORTECH Corporation. He co-founded PRO in Mississauga in 1999 and has guided it to become a global leader in sustainable process technologies.
Dr Lakshmanan has channeled his passion for community service through numerous initiatives, supporting organizations like the Indo-Canada Chamber of Commerce, the Canada India Business Council, TiE Toronto, and IC-IMPACTS. Dr Lakshmanan is a co-founder and Past Chair of the Canada India Foundation, a public-policy organization, where he organized several sectoral Canada-India public policy forums and was instrumental in three visits to Canada by India’s former President, Dr. Abdul Kalam. Inspired by the late Dr Kalam, he has conducted conferences on Smart Villages at the University of Toronto and has sponsored clean drinking-water systems and a mobile hospital in rural India.
Born and educated in India, Dr. Lakshmanan obtained his Ph.D. in Chemistry from Bombay University and is a Fellow of the Canadian Academy of Engineering and the Canadian Institute of Mining, Metallurgy and Petroleum. He has published more than 150 papers and written several books on science, process engineering and public policy. Dr. Lakshmanan co-authored Innovative Process Development in Metallurgical Industry: Concept to Commission in 2016.
Dr Lakshmanan’s contributions to science and community service have earned him numerous awards and honors, including the Queen Elizabeth II Diamond Jubilee Medal, the Sherritt Hydrometallurgy Award, the MetSoc Environmental Award, the Sir Joseph Flavelle Award for Technical Innovation, and the Lifetime / Outstanding Achievement Award from the Indo-Canadian Chamber of Commerce.
For more information, please visit www.innovationmetals.com or IMC’s YouTube channel at www.youtube.com/InnovationMetalsCorp.
About the RapidSX™ Technology
IMC developed the RapidSX separation technology with early-stage assistance from the United States Department of Defense (“US DoD”), later resulting in the production of commercial grade, separated rare-earth oxides (“REOs”) at the pilot scale. RapidSX combines the time-proven chemistry of conventional solvent extraction (“SX”) with a new column-based platform, which significantly reduces time to completion and plant footprint, as well as potentially lowering capital and operating costs. SX is the international rare-earth element (“REE”) industry's standard commercial separation technology and is currently used by 100% of all REE producers worldwide for bulk commercial separation of both heavy and light REEs. Utilizing similar chemistry to conventional SX, RapidSX is not a “new” technology, but represents a significant improvement on the well-established, well-understood, proven conventional SX separation technology preferred by REE producers.
Ucore Chairman & CEO Provides Strategic Update to Shareholders: Taking Action Today to Secure Tomorrow
- Provided $1.9 million of funding to IMC for the further advancement of the RapidSX™ technology for commercial deployment; including a $1-million tranche transferred on April 26, 2021
- Allocated funding for an Independent Evaluation of RapidSX™ technology for the separation of REEs – scheduled for completion in Summer 2021
- Allocated $750,000 to further ongoing specific business-development activities and initial Alaska SMC engineering to ensure that project timelines are achieved
- Finalizing a $400,000 Summer 2021 work program at Bokan Mountain
- Provided $130,000 of funding to conduct the second phase of Bokan mill flowsheet development testing now underway at SGS Canada – Lakefield
Halifax, Nova Scotia – (May 12, 2021) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or the “Company”) is pleased to provide the following message from Pat Ryan, Chairman & CEO of Ucore.
To Our Valued Shareholders,
I had the good fortune last week of hearing from various Ucore shareholders. Several were loyal, long-term shareholders who have been with us through the ebb-and-flow of our Company’s history for more than a decade and they asked me to directly expand on the steps we are taking and my vision of the future of Ucore. One in particular, a brand-new shareholder, explained why he recently invested his hard-earned money with Ucore and he hit upon virtually every aspect of our planning and actions that we have attempted to communicate to you and all stakeholders over the past year, including:
1. Centering the Company on a transformative critical metals separation technology;
2. creating a share structure that is right-sized and conducive for growth;
3. establishing a management team with a track record of producing products in demanding industries;
4. strengthening our fiscal position and eliminating unnecessary risks; and
5. positioning the Company to benefit from increasing rare earth element (“REE”) market prices based on 21st Century technologies and a political groundswell of support for REE and other critical metals.
So, to all of our shareholders, I’m pleased to be able to offer the following updates pertaining to the crucial thrusts of our three-year business model – transformative technology, near-term processing, and long-term resource security.
A very informative article to read and view graphics at:
https://ucore.com/ucore-chairman-ceo-provides-strategic-update-to-shareholders-taking-action-today-to-secure-tomorrow/
unchanged Outstanding Shares 49,084,130 04/30/2021
(Outstanding Shares 49,037,464 03/31/2021)
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
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.
Ucore Rare Metals Inc.'s Bokan deposit in Southeast Alaska is a potential domestic source of the entire suite of rare earth elements, along with six other minerals that have been deemed critical to the United States.
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.
Bokan, however, will likely not be the first Ucore initiative to produce rare earths in Alaska. This is because the company first plans to build a commercial-scale rare earths separation facility at Ketchikan, a port town about 35 miles from Bokan.
Douginil, all; Establishment of technical advisory board for IMC.
https://ucore.com/ucore-announces-innovation-metals-corp-establishes-technical-advisory-board-of-renowned-rare-earth-and-critical-metals-experts/
HALIFAX, NOVA SCOTIA — May 18, 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” or the “company”), has established the IMC Technical Advisory Board. Comprised of internationally recognized industry experts and thought leaders, with significant scientific, technical, and market expertise relating to rare-earth elements (“REEs”) and other critical materials, the Technical Advisory Board will advise and support IMC’s leadership team in making important technical and logistical decisions, as IMC continues to advance the commercialization of its proprietary RapidSX™ technology, for the economic, commercial-scale separation of both light REEs (“LREEs”) and heavy REEs (“HREEs”).
IMC Technical Advisory Board Appointments:
IMC appointed the following REE industry experts to the company’s Technical Advisory Board:
i. Dr. Gisele Azimi
ii. Dr. Christian Ekberg
iii. Mr. Furkhat Faizulla
iv. Dr. V. I. Lakshmanan
snip...."
More at link.
So...appointed to satisfy afunding consortium? Legit advisory board?
Ucore Chairman & CEO Provides Strategic Update to Shareholders: Taking Action Today to Secure Tomorrow
- Provided $1.9 million of funding to IMC for the further advancement of the RapidSX™ technology for commercial deployment; including a $1-million tranche transferred on April 26, 2021
- Allocated funding for an Independent Evaluation of RapidSX™ technology for the separation of REEs – scheduled for completion in Summer 2021
- Allocated $750,000 to further ongoing specific business-development activities and initial Alaska SMC engineering to ensure that project timelines are achieved
- Finalizing a $400,000 Summer 2021 work program at Bokan Mountain
- Provided $130,000 of funding to conduct the second phase of Bokan mill flowsheet development testing now underway at SGS Canada – Lakefield
Halifax, Nova Scotia – (May 12, 2021) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or the “Company”) is pleased to provide the following message from Pat Ryan, Chairman & CEO of Ucore.
To Our Valued Shareholders,
I had the good fortune last week of hearing from various Ucore shareholders. Several were loyal, long-term shareholders who have been with us through the ebb-and-flow of our Company’s history for more than a decade and they asked me to directly expand on the steps we are taking and my vision of the future of Ucore. One in particular, a brand-new shareholder, explained why he recently invested his hard-earned money with Ucore and he hit upon virtually every aspect of our planning and actions that we have attempted to communicate to you and all stakeholders over the past year, including:
1. Centering the Company on a transformative critical metals separation technology;
2. creating a share structure that is right-sized and conducive for growth;
3. establishing a management team with a track record of producing products in demanding industries;
4. strengthening our fiscal position and eliminating unnecessary risks; and
5. positioning the Company to benefit from increasing rare earth element (“REE”) market prices based on 21st Century technologies and a political groundswell of support for REE and other critical metals.
So, to all of our shareholders, I’m pleased to be able to offer the following updates pertaining to the crucial thrusts of our three-year business model – transformative technology, near-term processing, and long-term resource security.
A very informative article to read and view graphics at:
https://ucore.com/ucore-chairman-ceo-provides-strategic-update-to-shareholders-taking-action-today-to-secure-tomorrow/
$UURAF Jim Cramer said once "This is rare earth. It is vital for our EV industry, so I am on board.”"
Many key China issues still ‘under review’ at Biden’s first 100 days
https://www.reuters.com/world/us/many-key-china-issues-still-under-review-bidens-first-100-days-2021-04-29/ $uuraf
China's dominance of rare earth elements worries the West
Read more At:
https://www.aninews.in/news/world/asia/chinas-dominance-of-rare-earth-elements-worries-the-west20210426204942/ $uuraf
Are Rare Earths The Next Big Thing?
http://www.tribune242.com/news/2021/may/03/are-rare-earths-next-big-thing/ $uuraf
The new U.S. plan to rival China and end cornering of market in rare earth metals
https://www.cnbc.com/2021/04/17/the-new-us-plan-to-rival-chinas-dominance-in-rare-earth-metals.html $uuraf
Why Rare Earths Are the Key to Just About Everything
https://foreignpolicy.com/2021/04/22/rare-earths-china-us-greenland-geopolitics/ $UURAF
The U.S. is trying to reclaim its rare-earth mantle
https://www.marketplace.org/2021/04/30/the-u-s-is-trying-to-reclaim-its-rare-earth-mantle/ $uuraf
U.S. Faces Uphill Climb to Rival China’s Rare-Earth Magnet Industry
https://www.wsj.com/articles/u-s-faces-uphill-climb-to-rival-chinas-rare-earth-magnet-industry-11618133603 $uuraf
Tech Companies Depend on China for Rare Earths. Can That Change?
https://www.wsj.com/video/tech-companies-depend-on-china-for-rare-earths-can-that-change/674228C1-D75A-4598-8597-D68108CDA45F.html $UURAF
The Biden administration taken another step to ease China’s current stranglehold on the rare earth element (REE) sector. https://agmetalminer.com/2021/05/04/dept-of-energy-awards-19m-for-rare-earths-critical-minerals-initiatives/ $UURAF
US DOE awards $19m to fund projects to boost rare earth minerals production
https://www.mining-technology.com/news/us-doe-funding-rare-earth-minerals/ $UURAF
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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.
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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.
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• 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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