Business
Ucore Teams with Materion on American Heavy REE Production Bid
Halifax, Nova Scotia--(Newsfile Corp. - December 23, 2019) - Ucore Rare Metals Inc. (TSXV: UCU...
About this update from Ucore Rare Metals Inc.
[{"type":"text","content":"Ucore Teams with Materion on American Heavy REE Production BidHalifax, Nova Scotia--(Newsfile Corp. - December 23, 2019) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (\"Ucore\" or the \"Company\") is pleased to announce that it has partnered with Materion Corporation of Ohio (NYSE: MTRN) (\"Materion\") to respond to an open U.S. Government solicitation for a strategic assessment of the domestic heavy rare earth element (\"Heavy REE\" or \"HREE\") market, in conjunction with an engineering evaluation of the viability of HREE separation capabilities at various sites within the United States.Ucore and Materion have signed a memorandum of understanding to establish a rare earth consortium (the \"Consortium\") for the purpose of preparing and submitting a bid to the U.S. Industrial Base Analysis and Sustainment program (\"IBAS\"). The Consortium expects that its bid will represent the only Heavy REE supply chain option to be fully sourced and controlled within the U.S. Drawing upon the established history of its member companies, this Consortium offers extensive critical metals experience, and a secure avenue for the U.S. Federal Government to invest in a domestic HREE supply chain, including industrial plant design, construction, operations management and financing.\"Ucore and Materion together offer the U.S. Federal government a single-source solution to meet the urgent need for a domestic HREE supply chain,\" said Ucore President & CEO Jim McKenzie. \"Ucore's broad experience in the REE technology markets and comprehensive work in analyzing multiple separation technologies and feedstock sources, along with the significant financial support of the State of Alaska, make us a natural choice for domestic HREE development. Materion's extensive background in U.S. Government contracts, together with more than 60 years' experience in advanced solvent extraction [\"SX\"] technologies and existing sales presence across American advanced materials markets, makes for an unparalleled partner for this important initiative.\"\"Materion is pleased to team with Ucore to bid on this strategic project for the United States,\" said Materion President of Performance Alloys and Composites, Clive Grannum. \"This initiative complements Materion's existing relationships across the U.S. Government for critical materials supply, most notably our ...