Business
Ucore Initiates Alaska SMC Consultation With Ketchikan Government Officials
Halifax, Nova Scotia--(Newsfile Corp. - November 26, 2018) - Ucore Rare Metals Inc. ( TSXV:...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore Initiates Alaska SMC Consultation With Ketchikan Government OfficialsHalifax, Nova Scotia--(Newsfile Corp. - November 26, 2018) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (\"Ucore\" or the \"Company\") is pleased to report that it has initiated the consultation process with local government officials on the planned construction of the Alaska Strategic Metals Complex (\"SMC\"), to be located in Ketchikan Gateway Borough in Southeast Alaska. The commencement of consultations is yet another milestone in the overall process of designing, permitting, constructing, and operating the ultimate rare earth element (REE) separation facility. Recently, Ucore announced that it had executed a land purchase agreement (\"LPA\") for a 5.8 acre parcel of land within the Ketchikan Gateway Borough (see Ucore press release dated September 24, 2018) and is currently engaged in the site scoping and permitting due-diligence phase of that LPA (see Ucore October 10, 2018 press release). \"Obtaining local government input and approvals are critical aspects of earning our social license within our chosen locational community of Ketchikan,\" stated Mike Schrider, COO of Ucore. \"This is a commitment that we have made in consultation with and under the guidance of the Alaska Import Development and Export Authority (\"AIDEA\"). As a prospective employer, contributor to the local-area tax base, and member of the Ketchikan business community, the consultation process is a fundamental best-practices undertaking, and we welcome the opportunity to commence interaction. We thank the Council and Assembly for their active interest and hospitality.\"During November 2018, Ucore VP of Project Development, Randy MacGillivray, made presentations to the Ketchikan City Council, and the Ketchikan Gateway Borough Assembly, respectively. Mr. MacGillivray described how Ketchikan's unique location, with immediate deep-water anchorage, in combination with its situation within one of the world's most prolific shipping channels, make it an ideal access point for receiving rare earth and specialty metals concentrates from multiple global locations. He described how Ucore intends to compete head to head with the Chinese dominated REE oxide separation market. McGillivray explained, \"Our approach is to process feedstock from non-Chinese sources, and initiate US domestic...