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Ucore Accepts Notices of Resignation From Members of IMC Management Team as Transition Plans Occur for the Upcoming Commercial Deployment of the RapidSX Technology
Halifax, Nova Scotia--(Newsfile Corp. - February 16, 2022) - Ucore Rare Metals Inc. (TSXV...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore Accepts Notices of Resignation From Members of IMC Management Team as Transition Plans Occur for the Upcoming Commercial Deployment of the RapidSX TechnologyHalifax, Nova Scotia--(Newsfile Corp. - February 16, 2022) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (\"Ucore\" or the \"Company\") announces that it has accepted notices of resignations from members of the senior management team of Innovation Metals Corp. (\"IMC\"), including, IMC Co-founder, Chairman and Chief Executive Officer, Dr. Gareth Hatch; President and Executive Director, Tyler Dinwoodie; and Chief Operating Officer and Vice President, Metallurgy, Dr. Kurt Forrester. The resignations will result in their departures from IMC later in 2022, which coincides with Ucore's planned transition to the commercialization phase for RapidSX™.\"Ucore is extremely grateful to the IMC technical team's efforts to progress the RapidSX™ technology platform towards commercial deployment,\" stated Ucore Chairman and CEO, Pat Ryan. \"Since Ucore's acquisition of IMC in May of 2020, Gareth and his team have very systematically worked towards the completion and development of the technology platform and to ready it for commercial deployment. The Company is looking forward to a smooth transition from research & development to the commercial application of this transformative technology to North America's evolving rare earth element supply chain.\"Ucore's ALASKA2023 business plan starts with the planned upcoming construction of the Alaska Strategic Metals Complex (\"SMC\") rare earth oxide production plant in Ketchikan, Alaska and then subsequent related facilities. Engineering plans for the Alaska SMC are currently underway with Mech-Chem Associates, Inc. of Norfolk, Massachusetts. IMC will continue to concurrently support this effort through the expected commissioning and then operation of IMC's RapidSX™ commercial demonstration plant in Kingston, Ontario.Per the voluntary resignation terms of their respective consulting and employment agreements, Dr. Hatch and Mr. Dinwoodie plan to continue in their respective roles with IMC until November 14, 2022. Dr. Forrester intends to continue in his role with IMC until May 14, 2022. Drs. Hatch and Forrester and Mr. Dinwoodie look forward to supporting a smooth, fulsome transition. ###About Ucore Rare Metals...