Ucore declares:
- Completion of its third and closing stage of Business Demonstration Plant (“Demo Plant”) commissioning procedures
- Graduation of the US Division of Protection (“US-DoD”) demonstration program
Ucore Uncommon Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or the “Firm”) declares the completion of its deliberate commissioning procedures for the Firm’s RapidSX™ Business Demonstration Plant (“Demo Plant”) for the separation of heavy and light-weight uncommon earth parts (“HREEs”, “LREEs”, or “REEs”). The Demo Plant is situated inside Ucore’s 5,000 sq. foot RapidSX™ Commercialization and Demonstration Facility (“CDF”) in Kingston, Ontario.
“Since early this 12 months, the Firm has been testing, adjusting, and optimizing its 52-Stage Demo Plant to satisfy its RapidSX™ commercialization and demonstration deployment aims in Louisiana[i],” acknowledged Mike Schrider, P.E., Ucore Vice President & Chief Working Officer. “Ucore may be very happy to announce the completion of commissioning procedures with its third and closing combined REE chemical focus[ii] and the graduation of its US-DoD demonstration program. The aims of this program are to determine a direct techno-economic comparability between typical solvent extraction [CSX] and RapidSX™ for separating heavy and light-weight uncommon earth parts and to determine RapidSX™ know-how for business deployment in North America.”
The CDF facility is operated by Ucore’s commercialization companion, Kingston Course of Metallurgy Inc. (“KPM“).
“KPM has been helping within the growth of RapidSX™ since proper after Ucore acquired the know-how in Could of 2020,” acknowledged Boyd Davis, Ph.D., Co-Principal of KPM. “We’re very happy to see the profitable transition from the ultimate LREE commissioning feed to the HREE demonstration feed with no operational upsets. The automated front-end leach facility has been commissioned, is working on spec, and matches the RapidSX™ throughput. Through the closing commissioning section, we processed over one tonne of combined uncommon earth feed in lower than one week of run-time whereas hitting our product specification targets – it’s rewarding when a know-how matches and even exceeds expectations.“
KPM’s Venture Chief, Jonathan Leung, M.Eng., added, “It’s an thrilling time for the workforce in Kingston. We’re working 24/7 till the vacations and again on the similar tempo within the first week of January. All 52 phases of the Demo Plant are operational, and the mechanical and management methods have been totally examined and enhanced throughout commissioning. We at the moment are specializing in the loading/scrubbing stability of the primary heavy uncommon earth demonstration run, similar to in any solvent extraction plant.”
Determine 1 – 52-Stage RapidSX™ Demo Plant
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Determine 2 – 52-Stage CSX Pilot Plant
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Determine 3 – RapidSX™ Automated Leaching Feeder
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Determine 4 – RapidSX™ Human-Machine-Interface (“HMI”) Management Station
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The Firm expects to attain numerous milestones in Q1-2024 and appears ahead to offering updates concerning enhanced RapidSX™ outcomes and efficiency metrics, its US DoD and Authorities of Canada demonstration applications, and to additional element the funding and technical growth pathway from its Kingston, Ontario, CDF to the LA-SMC in Alexandria, Louisiana.
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About Ucore Uncommon Metals Inc.
Ucore is targeted on rare- and critical-metal sources, extraction, beneficiation, and separation applied sciences with the potential for manufacturing, progress, and scalability. Ucore’s imaginative and prescient and plan is to turn out to be a number one superior know-how firm, offering best-in-class metallic separation services and products to the mining and mineral extraction business.
By way of strategic partnerships, this plan consists of disrupting the Folks’s Republic of China’s management of the North American REE provide chain by the near-term institution of a heavy and light-weight rare-earth processing facility within the U.S. State of Louisiana, subsequent Strategic Metallic Complexes in Canada and Alaska and the longer-term growth of Ucore’s 100% managed Bokan-Dotson Ridge Uncommon Heavy REE Venture on Prince of Wales Island in Southeast Alaska, USA.
Ucore is listed on the TSXV below the buying and selling image “UCU” and in america on the OTC Markets’ OTCQX® Finest Market below the ticker image “UURAF.”
For additional data, please go to www.ucore.com.
Ahead-Trying Statements
This press launch consists of sure statements that could be deemed “forward-looking statements.” All statements on this launch (apart from statements of historic information) that handle future enterprise growth, technological growth and/or acquisition actions (together with any associated required financings), timelines, occasions, or developments that the Firm is pursuing are forward-looking statements. Though the Firm believes the expectations expressed in such forward-looking statements are based mostly on cheap assumptions, such statements aren’t ensures of future efficiency or outcomes, and precise outcomes or developments might differ materially from these in forward-looking statements.
Concerning any disclosure within the press launch above in regards to the US Division of Protection or the Authorities of Canada Packages and the anticipated profitable progress and ensuing milestone funds from these Packages, the Firm has assumed that the Packages (together with every of their milestones) will probably be accomplished satisfactorily. For extra dangers and uncertainties concerning the Firm, the CDF, the Demo Plant and ongoing Packages (usually), see the danger disclosure within the Firm’s MD&A for Q3-2023 (filed on SEDAR on November 20, 2023) (www.SEDAR.com) in addition to the dangers described beneath.
Concerning the disclosure above within the “About Ucore Uncommon Metals Inc.” part, the Firm has assumed that it is going to be in a position to procure or retain extra companions and/or suppliers, along with Innovation Metals Corp. (“IMC”), as suppliers for Ucore’s anticipated future Strategic Metals Complexes (“SMCs”). Ucore has additionally assumed that adequate exterior funding will probably be discovered to finish the Demo Plant demonstration schedule and likewise later put together a brand new Nationwide Instrument 43-101 (“NI 43-101”) technical report that demonstrates that the Bokan Mountain Uncommon Earth Factor mission (“Bokan”) is possible and economically viable for the manufacturing of each REE and co-product metals and the then prevailing market costs based mostly upon assumed buyer offtake agreements. Ucore has additionally assumed that adequate exterior funding will probably be secured to proceed the event of the particular engineering plans for the SMCs and their building. Elements that might trigger precise outcomes to vary materially from these in forward-looking statements embrace, with out limitation: IMC failing to guard its mental property rights in RapidSX™; RapidSX™ failing to exhibit business viability in giant commercial-scale purposes; Ucore not having the ability to procure extra key companions or suppliers for the SMCs; Ucore not having the ability to elevate adequate funds to fund the particular design and building of the SMCs and/or the continued growth of RapidSX™; hostile capital-market situations; surprising due-diligence findings; the emergence of different superior metallurgy and metal-separation applied sciences; the lack of Ucore and/or IMC to retain its key employees members; a change within the laws in Louisiana or Alaska and/or within the help expressed by the Alaska Industrial Improvement and Export Authority (“AIDEA”) concerning the event of Bokan; the provision and procurement of any required interim and/or long-term financing that could be required; and common financial, market or enterprise situations.
Neither the TSXV nor its Regulation Companies Supplier (as that time period is outlined by the TSXV) settle for accountability for the adequacy or accuracy of this launch.
CONTACTS
Mr. Michael Schrider, P.E., Ucore Vice President and Chief Working Officer, is liable for the content material of this information launch and could also be contacted at 1.902.482.5214.
For extra data, please contact:
Mark MacDonald
Vice President, Investor Relations
Ucore Uncommon Metals Inc.
1.902.482.5214
mark@ucore.com
