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Ucore Provides Update on RapidSX(TM) Commercialization Development for Near-Term Commercial Heavy and Light Rare-Earth Elements Separation in USA
Halifax, Nova Scotia--(Newsfile Corp. - October 1, 2020) - Ucore Rare Metals Inc. (TSXV: U...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore Provides Update on RapidSX(TM) Commercialization Development for Near-Term Commercial Heavy and Light Rare-Earth Elements Separation in USAHalifax, Nova Scotia--(Newsfile Corp. - October 1, 2020) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (\"Ucore\" or the \"Company\")  is pleased to provide the following update on the Company's wholly owned subsidiary, Innovation Metals Corp. (\"IMC\") and the commercialization development program for IMC's RapidSX™ technology, at the RapidSX Commercialization and Development Facility (\"CDF\") in Kingston, Ontario, Canada.IMC's proprietary RapidSX technology is being commercialized for the cost-effective bulk 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.RapidSX REE Development ProgramThe RapidSX commercialization program, currently underway, is being led by IMC CEO and Chairman, Dr. Gareth Hatch, and IMC COO, Dr. Kurt Forrester, in conjunction with Dr. Boyd Davis and Mr. Alain Roy, Principals of Kingston Process Metallurgy (\"KPM\"), supported by additional technical expertise that IMC engaged for the program. As announced on June 23, 2020, KPM is IMC's laboratory partner and will be supporting all aspects of IMC's technical work to commence the optimization and commercialization program to scale up the RapidSX technology.Additionally, the critical data derived from the RapidSX development program will be incorporated into the ongoing planning for Ucore's Alaska Strategic Metals Complex (\"Alaska SMC\") in Southeast Alaska.In the first four months since Ucore completed its acquisition of IMC, a significant amount of work has been undertaken to advance the RapidSX technology, including:Engaging KPM as IMC's long-term laboratory partner;Technical onboarding of Dr. Forrester and KPM with respect to the fundamentals of the RapidSX technology, and past work;Initiating the RapidSX technical-validation and optimization program;Relocating the entirety of IMC's laboratory and all RapidSX equipment to IMC's RapidSX CDF, including IMC's existing pilot-scale RapidSX circuit; Numerous ongoing meetings with ...