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Ucore Applauds U.S. DOC Report on Supply of Critical Minerals
Halifax, Nova Scotia--(Newsfile Corp. - June 13, 2019) - Ucore Rare Metals, Inc. (TSXV: UCU) ...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore Applauds U.S. DOC Report on Supply of Critical MineralsHalifax, Nova Scotia--(Newsfile Corp. - June 13, 2019) - Ucore Rare Metals, Inc. (TSXV: UCU) (OTCQX: UURAF) (\"Ucore\" or the \"Company\") is pleased to comment on the U.S. Department of Commerce's report: A Federal Strategy to Ensure Secure and Reliable Supplies of Critical Minerals (the \"Report\"). Published June 4, 2019, the Report is a direct response to President Donald J. Trump's Executive Order 13817 (of the same title) issued on December 20, 2017. The comprehensive Report presents 6 Calls to Action, 24 goals, and 61 recommendations regarding the specific steps that the U.S. Federal Government will take to diminish American dependency on foreign nations for the supply of 35 minerals designated as critical by the Department of Interior in 2018 (the \"Critical Minerals\").This announcement and prioritization are significant for Ucore, as 7 of the 8 primary minerals at the Bokan Mountain Complex (\"BMC\") in Southeast Alaska are identified as Critical Minerals under the Report. Ucore's Bokan Dotson Ridge development is considered one of the most heavily enriched zones within the BMC. In 1989, the U.S. Bureau of Mines (\"USBM\") released an extensive study1 naming the following minerals as being significantly enriched in the nine zones of the BMC geology: Beryllium, Niobium, the Rare Earth Elements (\"REE\") Group, Yttrium, Tantalum, Uranium & Zirconium (the 8th non-critical mineral is Thorium). The Report additionally references U.S. Government archives, such as USBM data, as leading sources of information on the availability and whereabouts of Critical Minerals on U.S. soil.\"Continuing trade tensions between the U.S. and China have resulted in the urgent calls to action and long term goals of this Report\", said Jim McKenzie, President and CEO of Ucore. \"The tensions have also prompted significant recent price gains for minerals that Bokan has in abundance, most notably Heavy REE's such as Dy and Tb. The Bokan deposit is unique in the U.S., with its unusual skew towards these valuable HREE's. Bokan is also unique in its ease of access, its limited projected development cost, and its significant financial backing by the State of Alaska2. We applaud the Trump Administration for identifying these critical resources and streamlining their route to production.\"...