Ucore Rare Metals Inc (UURAF)

[douginil]

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/