Ucore Rare Metals Inc. · TSXV:UCU
Ucore Rare Metals — Investor Presentation (April 2010)
29 slides from Ucore Rare Metals's investor presentation, Apr 20, 2010
Slide 1: Clean Tech Medical Hi-tech Military
Clean Tech Medical Hi-tech Nick Vermeulen VP Corporate Development Military 0TC: UURAF TSXV: UCU 0TC: UURAF TSXV: UCU
Slide 2: Cautionary Notes and Disclaimers
Disclaimer Cautionary Notes and Disclaimers This presentation may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and o
Slide 3: Presentation Format
Presentation Format • Introduction •Rare Earth market overview • Ucore/Rare Earth One overview • Bokan Mountain Project • Summary 0TC: UURAF TSXV: UCU
Slide 4: RARE EARTH: not rare, not earth!
RARE EARTH: not rare, not earth! Yttrium + Heavy REE Light REE Europium Lanthanum Gadolinium Cerium Terbium Praseodymium Dysprosium Neodymium Holmium Promethium Erbium Samarium Thulium Ytterbium Lutetium 0TC: UURAF TSXV: UCU
Slide 5: Rare Earth Demand
Rare Earth Demand (worth $1B 2005) Source: KaiserBottomfishOnline, © John Kaiser 2009 0TC: UURAF TSXV: UCU
Slide 6: Dependencies anyone?
Dependencies anyone? 0TC: UURAF TSXV: UCU
Slide 7: Favorable Geopolitics
Favorable Geopolitics US DOD report due Sept. 2010 US Senate - Committee on energy and natural resources (CENR); Senator Murkowski (R-Alaska) US Rare Earth Lobby – RE START bill State of Alaska – 100% mine approval 0TC: UURAF TSXV: UCU
Slide 8: For the Record…..
For the Record….. Green Technology: “rare earths such as dysprosium and A STRATEGIC ALTERNATIVE FOR THE U.S.A. neodyminum are indispensable rare metals for high performance magnets “By cutting rare earth exports, China is used in hybrid/electric vehicles , seeking to ensure the manufacture of clean
Slide 9: Rare Earth Values Today
Rare Earth Values Today Pure Metal Oxide Principal Uses Price US$/kg* L Lanthanum Oxide Re-chargeable batteries $6 L I Cerium Oxide Catalysts, glass, polishing $5 I G Praseodymium Oxide Magnets, glass colorant $26 G H Neodymium Oxide Magnets, lasers, glass $28 H T T Samarium Oxide Magnets, lighting,
Slide 10: N. American REE Players
N. American REE Players incl. 4 near term juniors* • AvalonThor Lake, NWT - AVL • Hoidas Lake, SK - GWMG • Bokan Mountain, AK - UCU • Strange Lake, QU - QUC * According to The Jack Lifton Report, 20 Aug., 2009 0TC: UURAF TSXV: UCU
Slide 11: Heavy vs. Light REE's
Heavy vs. Light REE’s More Scarce HREO Content (as a percent of TREO): – Mt Weld (5%) IIIII – Dubbo (7%) IIIIII – Mountain Pass (9%) IIIIIIIII – Bear Lodge (10%) IIIIIIIIII – Thor Lake (20%) IIIIIIIIIIIIIIIIIIII – Bokan Mtn. (50%) IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
Slide 12: Heavy vs. Light REE's (cont..)
Heavy vs. Light REE’s (cont..) HREE Supply Risk • 97% of Rare Earth supplied by China ; • Threat of near-term embargo by China (Dy+Tb) • Critical to U.S. Military, Clean- & High- Tech applications • One near term US HREE source : Bokan
Slide 13: Unique & Valuable HREE Mineralization
Unique & Valuable HREE Mineralization Tb Dy USD $3343/t Source: A. Mariano Sept/09 Source: Kaiser Bottom Fish Sept/09 • Unusual HREE content. • Anomalous presence • Exceptional Value per Ton: $3300+ of “miracle REE’s”: @ I&L Zone; Hole 32 Dysprosium (Dy) & Terbium (Tb)* * Dy & Tb: Chinese embargo; 5
Slide 14: Presentation Format
Presentation Format • Introduction • Rare Earth market overview •Ucore/Rare Earth One overview • Bokan Mountain Project • Summary 0TC: UURAF TSXV: UCU
Slide 15: Ucore Overview
Ucore Overview TSX-V: UCU / OTC: UURAF Recent Market Cap - $33 M Issued & outstanding shares – 87 M Cash - $2 M 100% control of Bokan Insider Position: 16% 20 April 2010 0TC: UURAF TSXV: UCU
Slide 16: Rare Earth One
Rare Earth One World class Ucore / Rare Earth One Exploration & Research Team: Jim Barker – ex USGS – Bokan exploration geologist Dr. James Clark – REE specialist & exploration geologist Dr. Jaroslav Dostal – Prof. Emeritus Saint Mary’s University; recipient of 2009 USGS Research Grant to stud
Slide 17: Presentation Format
Presentation Format • Introduction • Rare Earth market overview • Ucore/Rare Earth One overview •Bokan Mountain Project • Summary 0TC: UURAF TSXV: UCU
Slide 18: Bokan Mountain Location
Bokan Mountain Location 0TC: UURAF TSXV: UCU
Slide 19: Bokan Geology
Bokan Geology 0TC: UURAF TSXV: UCU
Slide 20: Bokan Overview
Bokan Overview Alaska’s only prior producing uranium mine (1958-71). Produced 1.3 M lbs U3O8 @ .76% Historic estimate: Uranium (U3O8,) – 11.7 M Lbs, Rare Earths (TREO, Including Y) – 374 M Lbs.* Potentially THE largest US based HREE deposit One of 4 near term junior production deposits in No
Slide 21: Exploration Highlights
Exploration Highlights • 73 Drill Holes Completed: 86% Hit Rate • Highest documented HREE vs LREE skews in N. America: 95%+ HREO vs TREO* *Holes 32 & 65 • Among highest absolute HREE grades on record worldwide: 11%+ Absolute HREO* *Hole 32; 2.5m intercept • Exceptionally high Tb + Dy grades: 1.13 lb
Slide 22: Exploration program (2010)
Exploration program (2010): Planning & Scoping Data Compilation (Internal) Preliminary Scoping Study: Mining methods & logistics (Collison & Associates) Ongoing Permitting Rare Earth One Bokan Dotson Ridge © 02/24/2010
Slide 23: Infill Drilling (2010)
Uu uranium Infill Drilling (2010) 09-73 Ncosf72 LMio9's 0. 109-4 “ ° ‘ee 33 Dotson Trend © Diomond Orit Hole — 00H Secton Trace Pe hood EF) vcore Active Cain Boek Topo Contour (Sen) Tope Contour (259 Quartz Diotite, Diorite. Gabbro/Amphibotte “2 Quartz Monzonite “77 Dacite, Rhyotte uimos-as_/ UMO9-4
Slide 24: Deliverables 2010
Deliverables 2010 5000m infill & exploratory drilling: Dotson Trend & Sunday Trend Comprehensive full suite of assays Metallurgy & Mineral Characterization Pre-Feasibility Scoping Conceptual Estimate NI 43-101 Compliant Inferred Resource 0TC: UURAF TSXV: UCU
Slide 25: Presentation Format
Presentation Format • Introduction • Rare Earth market overview • Ucore/Rare Earth One overview • Bokan Mountain Project •Summary 0TC: UURAF TSXV: UCU
Slide 26: Summary
Summary 1. Demand for HREE exploding 2. China supplies 97% of REE today: HREE export embargos announced 3. Bokan may well be THE largest HREE deposit in US 4. Bokan is accessible 0TC: UURAF TSXV: UCU
Slide 27: Late Breaking News: Jurisdiction Support Bar None
Late Breaking News: Jurisdiction Support Bar None “BE IT RESOLVED that the House of Representatives urges the United States Congress expeditiously to pass H.R. 4866; and be it FURTHER RESOLVED that the House of continued exploration of rare earth deposits in Alaska, the issuance of permits, as promp
Slide 28: Ask yourself:
Ask yourself: Any UCU / UURAF in your risk portfolio today? • Then again, would you have invested in this company in 1978?
Slide 29: Thank you for your interest!
Thank you for your interest! TSX-V:UCU OTC: UURAF nickv@ucoreuranium.com Ph: 917-601-1957 www.ucoreuranium.com www.raremetalblog.com
Ucore Rare Metals — Investor Presentation (April 2010) on 6ix