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Ucore Announces Successful Independent Expert Evaluation of RapidSX Rare Earth Separation Technology
Halifax, Nova Scotia--(Newsfile Corp. - April 27, 2022) - Ucore Rare Metals Inc. (TSXV: ...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore Announces Successful Independent Expert Evaluation of RapidSX Rare Earth Separation TechnologyHalifax, Nova Scotia--(Newsfile Corp. - April 27, 2022) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (\"Ucore\" or the \"Company\") is pleased to report the positive conclusions of a multi-phase, independent, third-party technical review of RapidSX™ technology (the \"Independent Evaluation\" or the \"Evaluation\") prepared by Dr. Ahmad Ghahreman of AG Hydrometallurgy Services Inc. (\"AGHS\") as a noted subject-matter-expert1. With a focus on the technical assuredness, benefits, and scalability of the RapidSX™ technology specifically for the separation of rare earth elements (\"REEs\") for the production of commercial-grade rare earth oxides (\"REOs\"), the Independent Evaluation concludes the following:RapidSX™ is capable of separating both light and heavy REEs for producing high-quality REOs and uses the same chemistry as proven conventional solvent extraction (\"CSX\") processes but with faster kinetics; thus, no chemistry risk at scale-up;RapidSX™ process shows itself to likely be 3 times as efficient as CSX, concluding a production plant can potentially have a 2/3 smaller footprint than a CSX plant of the same capacity with an associated separation process capital cost (\"CAPEX\") reduction of 50% or better;RapidSX™ for the separation and purification of REEs is dependent on its chemistry (same as CSX) and, given a smaller footprint for the same throughput, should have an expected operating cost (\"OPEX\") of 20% less than CSX for the same purpose; andRapidSX™ is a modular process making it scalable with minimal risk. The process can be designed to process REEs in the range of 1,000 to 10,000+ tonnes per annum.AGHS was engaged by the Alaska Industrial Development and Export Authority (\"AIDEA\") to undertake a technical review of the RapidSX™ technology and to provide an opinion concerning the technical and economic feasibility and scalability of RapidSX™, specifically for the separation of REEs for the production of commercial-grade REOs in Ucore's planned Alaska Strategic Metals Complex (\"SMC\"). \"After completing our extensive technical review of the RapidSX™ technology, its commercialization development process and its planned installation in the Alask...