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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: ...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore Announces Shipment of 1.5 Tonnes of Bokan Mountain, Alaska Rare Earth Feedstock for RapidSX SeparationHalifax, 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. Ucore Chairman and Interim CEO, Pat Ryan, P.Eng., commented, \"We are very excited to have IMC initiate the production of high-purity REOs from concentrates that will be produced from our Bokan HREE-rich feed material with the RapidSX technology. Ucore is advancing development plans for the Alaska Strategic Metals Complex (\"Alaska SMC\") in Ketchikan, Alaska. The Alaska SMC will serve as the first component of the Bokan Project.\" \"Ucore is developing our heavy REO production facility in Alaska because we believe the need for Bokan to go into production is inevitab...