Ucore Rare Metals Inc (UURAF)

[douginil]

Ucore Announces Shipment of 1.5 Tonnes of Bokan Mountain, Alaska Rare Earth Feedstock for RapidSX Separation

Halifax, Nova Scotia--(Newsfile Corp. - October 14, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to announce that the Company has shipped more than 1.5 tonnes of rare-earth elements ("REEs") feedstock material produced from Ucore's Bokan-Dotson Ridge Heavy Rare Earth Project ("Bokan") in Alaska, USA, to the Innovation Metals Corp. ("IMC") RapidSX™ Commercialization and Development Facility ("CDF") in Kingston, Ontario, Canada. The Bokan REE feedstock was shipped from SGS Canada Inc.'s facilities in Lakefield, Ontario.

The Bokan heavy REE ("HREE") feedstock material will be used to produce a purified REE concentrate that will then be transformed into high-purity REE oxides ("REOs") via the RapidSX separation technology, to demonstrate the suitability of the Bokan material for producing commercial-quality REOs. IMC will focus on separating the highest-value REEs from the Bokan feed, specifically, terbium ("Tb"), dysprosium ("Dy"), in addition to neodymium ("Nd") and praseodymium ("Pr"). Ucore's Bokan project has a unique geological endowment, positioning it as a predominant U.S. source for HREEs - in particular, Dy and Tb - which together with the light REEs ("LREEs") Pr and Nd are non-substitutable critical inputs for the production of REE permanent magnets ("REPMs"). Essential in maximizing the efficiencies and capabilities of electricity in modern technologies, REPMs convert electrical energy into mechanical motion in electric-vehicle motors and high-efficiency turbines and generators require REPMs to achieve the opposite; to convert mechanical motion into electrical energy.

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https://www.newsfilecorp.com/release/65909