Ucore Rare Metals Inc (UURAF)

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Alberta Oil Sands PLS Qualifies for Development on MRT Platform

October 26, 2017 – HALIFAX, NOVA SCOTIA – Ucore Rare Metals Inc. (TSXV:UCU) (OTCQX:UURAF) (“Ucore” or the “Company”) is pleased to announce the completion of analytical characterization of a pregnant leach solution derived from the Alberta oil sands (the “Beta PLS”) at IBC Advanced Technologies, Inc. (“IBC”). IBC has assessed the Beta PLS and found it to be conducive to extraction of the rare earth elements (“REE”) using Molecular Recognition Technology (“MRT”).

In 2016, Ucore announced a partnership with a Major Alberta Oil Sands Producer (“MOSP”) which is developing a commercial process for the recovery of metals-enriched concentrates from the Alberta oil sands (the “Bitumen Metals Extraction” or “BMX” process). The MOSP conducted a review of multiple metals separation platforms and selected MRT as the preferred technology to recover industrial scale quantities of high purity metals from the oil sands tailings and process flow. In 2017, Ucore has materially advanced this partnership, successfully isolating the BMX concentrate into a Beta PLS, using its proprietary Bentzen Process (see Ucore Press Releases dated: July 18, 2016, March 6, 2017, June 26, 2017, July 26, 2017 and Sept. 6, 2017).

Read More at:
http://ucore.com/alberta-oil-sands-pls-qualifies-for-development-on-mrt-platform