Ucore Rare Metals Inc (UURAF)

[BottomBounce]

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