Business
Ucore Announces RapidSX(TM) Commercialization and Development Facility; Kingston Process Metallurgy Awarded Contract as RapidSX(TM) Laboratory Partner
Halifax, Nova Scotia--(Newsfile Corp. - June 23, 2020) - Ucore Rare Metals Inc. (TSXV:UCU) (...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore Announces RapidSX(TM) Commercialization and Development Facility; Kingston Process Metallurgy Awarded Contract as RapidSX(TM) Laboratory PartnerAmerican Critical-Materials Independence Starts Here.(TM)Halifax, Nova Scotia--(Newsfile Corp. - June 23, 2020) - Ucore Rare Metals Inc. (TSXV:UCU) (OTCQX:UURAF) (\"Ucore\" or the \"Company\") is pleased to announce that further to the Company's June 18, 2020 announcement titled 'Strategic Update About Ucore, Innovation Metals and the RapidSX™ Technology', Ucore's wholly owned subsidiary, Innovation Metals Corp. (\"IMC\"), has executed a binding agreement with Kingston Process Metallurgy Inc. (\"KPM\") to serve as IMC's long-term laboratory partner for the commercialization of the RapidSX™ technology. IMC's proprietary RapidSX™ technology is being developed for the cost-effective, bulk/commercial separation and purification of rare-earth elements (\"REEs\") - including both heavy REE (\"HREEs\") and light REEs (\"LREEs\") - for the production of REE oxides (\"REOs\"), in addition to other critical metals, such as lithium (\"Li\"), nickel (\"Ni\"), and cobalt (\"Co\") for lithium-ion (\"Li-ion\") battery materials. Ucore is also pleased to announce that IMC has secured the premises for the RapidSX™ Commercialization and Development Facility (\"CDF\") in Kingston, Ontario, Canada. IMC developed the RapidSX™ separation technology with the assistance of US$1.8 million in funding from the United States Department of Defense (\"US DoD\"), resulting in the production of commercial-grade, separated REOs at the pilot scale. The technology combines the time-proven chemistry of conventional solvent extraction (\"SX\") with a new column-based platform, which significantly reduces time to completion and plant footprint, as well as potentially lowering capital and operating costs. SX is the international REE industry's standard commercial separation technology and is currently used by 100% of all REE producers worldwide for bulk commercial separation of both HREEs and LREEs.Kingston Process Metallurgy - RapidSX™ Commercialization Laboratory Partner KPM is IMC's laboratory partner and will be supporting all aspects of IMC's technical work to commence the RapidSX™ optimization and commercialization program to scale up the RapidSX™ technology....